Led by MITS Capital, the deal sets a precedent for future international investments in Ukraine's defence tech sector.
Backed by over 40 founders and builders across Europe, the fund’s largest limited partner is Estonia’s SmartCap Defence Fund.
Arago's photonic AI chip uses light to run AI tasks, making it 10-30 times more efficient than Nvidia's chips.
Led by Redpoint Ventures, the Series A round brought Gradient Labs's valuation to $60 million.
The new fund will invest in 25–30 companies across the pre-seed to Series A stage, with initial ticket sizes ranging from €300,000 to €3 million.
The proceeds will be used to accelerate its expansion across Europe and push cities further away from van-based delivery systems.
Vestbee has compiled an extended list of venture capital funds launched in the second quarter of 2025. All of them invest in European founders.
What is the role of CEE in defence tech, and why does it have to be a pioneer? NATO Innovation Fund, Sunfish Partners, Balnord, and Keen Venture Partners shared their thoughts.