As modern battlefield needs evolve, Keen Venture Partners raises Europe’s largest dedicated DefenceTech fund
Amsterdam-based Keen Venture Partners has launched the largest DefenseTech venture capital fund in Europe, with over €150 million raised in its first close. This initiative addresses the critical need for increased investment in European defense capabilities, aiming to strengthen the continent's strategic autonomy, especially in light of modern warfare dynamics. The European Investment Fund (EIF) and pension fund PME are major contributors, highlighting the significance of this undertaking. The fund will invest in more than 25 companies, primarily at the Series A stage, with investments ranging from €1 to €10 million. Keen's focus areas include cybersecurity, autonomous systems, deterrence technologies, and space applications. Keen Venture Partners, which has a track record of supporting DeepTech ventures, will collaborate with other European VC firms. This investment underscores the growing recognition of how critical scalable, software-driven technologies, including AI and autonomous systems, are for modern warfare. The initiative aims to support startups developing technologies for the modern battlefield and strengthen Europe's resilience. The fund seeks to bridge the gap between European innovation and access to defense customers, which is essential to drive more innovation. Keen's efforts align with the broader trend of increasing investment in European defense technology. Other funds, such as Expeditions Fund II and Balnord, have also raised significant capital, collectively demonstrating a strong commitment to strengthening Europe's defense-tech ecosystem.
To provide multilingual access, this article summary was automatically generated.
Source Information
European Alternatives You Might Like
Mollie
Mollie is a Dutch payment service provider that facilitates online and in-person payment processing for businesses. It enables users to accept various payment methods, including credit cards, bank transfers, and digital wallets. Key features include quick setup, transparent pricing, and support for multiple European payment methods. Mollie is suitable for businesses of all sizes, from startups to established enterprises, looking to streamline their payment processes and expand their customer reach by offering diverse payment options.
Mailbox
Mailbox.org is a secure email provider offering a comprehensive digital workspace. It provides email, calendar, cloud storage, and an office suite, including document editing, and video conferencing capabilities. This service is designed for both individuals and businesses seeking GDPR-compliant communication and data storage solutions. Key features include end-to-end encryption options, secure file sharing, and customizable domain support.
Scaleway
Scaleway is a European cloud computing provider offering a range of services, including servers, storage, and networking solutions. Key features include bare metal servers, virtual machines, object storage, and managed Kubernetes. It's suitable for developers, startups, and businesses seeking cloud infrastructure for web applications, data storage, and various other workloads. Scaleway distinguishes itself through competitive pricing and a focus on European data sovereignty, with data centers in France and the Netherlands.