American defense tech Firehawk Aerospace oversubscribes $60M investment round

Firehawk Aerospace, a US-based defense technology leader specializing in advanced energetics and propulsion, has secured investment from its new strategic partner Presto Tech Horizons (PTH) in an oversubscribed Series C round, which concluded this September. The $60 million investment round was led by 1789 Capital. PTH shared the news with AIN.

• Firehawk is pioneering the world’s first scalable use of 3D printing for propellant and solid rocket motors, enabling faster, safer, and more flexible production of advanced energetics
• Essentially, iInstead of slow, hazardous casting, the company 3D-prints propellants in days instead of months with complex designs once thought impossible. According to the company, its process cuts production time by over 99%, making motors safer, scalable, and adaptable across defense and space systems.
• This breakthrough can redefine the energetics supply chain and unlocks rapid, reliable ammunition production.

Will Edwards, CEO of Firehawk

“The conflict in Ukraine proves that while drones give warfighters a decisive edge, munitions like missiles and rockets are the core of combat power. A supply chain is only as strong as its weakest link, and propellant and energetics production are the biggest constraint on missile, rocket, and artillery manufacturing.

Enabling the European defense industry to also produce these weapons quickly and at scale is the core of Firehawk’s mission. We’re proud to partner with Presto Tech Horizons and CSG to help bolster the European energetics supply chain and ensure our allies can fuel the production of key defense equipment.”

About Presto Tech Horizons

Presto Tech Horizons is a unique defense and resilience tech fund, created through a partnership between European venture capital firm Presto Ventures and global industrial and technology firm CSG (Czechoslovak Group).

The purpose of the investment in Firehawk is to strengthen Europe’s ability to locally source critical elements of the munitions supply chain – boosting resilience and ensuring sustained defense readiness for NATO and allied forces.

Read more: Presto Ventures and CSG launch a €150M investment fund — Presto Tech Horizons