German Helsing raises €600M Series D with participation from Plural to powered defense tech in Europe

Helsing, an German defense tech company, has announced its €600M Series D funding round. The round was led by Prima Materia, alongside existing investor Plural and others, ESTVCA reports.

About Helsing

• Helsing, founded in 2021, develops AI-based capabilities to protect our democracies. The company has been active in Ukraine since 2022, providing capabilities and technology for frontline operations, with personnel deployed on an ongoing basis. 

• Acording to the company, a software-only approach and deep partnerships with industry have led to rapid market adoption, making Helsing one of the highest-valued startups in Europe.

“Having backed the team since inception, we have been consistently taken aback by the leadership of its founders, practicing day in and day out what they preach even in extreme conditions and circumstances. Helsing is not just demonstrating the emergence of a new category leader from Europe. It is setting the new standards of what an industry-defining company looks like,” says Khaled Helioui, partner at Plural.

Investment details 

The round was led by Prima Materia, alongside existing investors Estonian Plural, Lightspeed Ventures, Accel, General Catalyst, and SAAB, and new investors BDT & MSD Partners. 

• Prima Materia is a Swiss venture firm investing in long-term science and technology-driven companies tackling foundational challenges.

The funding will be used to accelerate Helsing’s leadership in all-domain defense innovation.