Dutch startup Onodrim has raised $300 million at a $1.3 billion valuation. The company, founded by former Palantir employees, plans to buy controlling stakes in manufacturers of critical components and help them scale production for Europe’s defence sector.
reported Financial Times.
The round was led by US investment group Lux Capital. Existing investors, including General Catalyst and Lakestar, also took part.
Onodrim was founded in 2025. The company is looking for dual‑use firms whose technologies are important for European supply chains. By buying stakes, the startup plans to invest capital and technology into their development and help them find new contracts.
Potential acquisition targets include small and medium‑sized family businesses still run by their founders. Onodrim wants them to stay in the business and help expand it.
According to co‑founder and Chief Technology Officer Alexander Blessing, the company expects long‑term engagement with acquired firms. It does not plan to sell them after five years for financial profit.
This approach is intended to help solve a problem facing Europe’s defence industry. After increased military spending in response to Russia’s full‑scale invasion of Ukraine, manufacturers have accumulated record order books. However, many still lack the capacity to fulfil them.
Recall that in early October 2026 the European Commission and Ukraine agreed to speed up preparations to disburse €45 billion in 2027 under the Ukraine Support Loan. The funds are to be directed to budgetary and defence needs under set conditions.
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https://en.ain.ua/2026/11/10/onodrim-a-startup-founded-by-ex-palantir-employees-raised-300-million-to-buy-and-develop-suppliers-for-europes-defence-industry/