UK Defence startup funding
UK Defence startups have raised €518m across 17 rounds since January 2023, 0.8% of the money raised by all UK startups in that time (debt excluded).
In 2026 so far, 12 rounds have raised €500m, with a median round of €10.1m.
The largest round in the data is Cambridge Aerospace's €260m Series C in August 2026.
Most of the money goes to companies in Cambridge, London, Bristol.
The most active investors are Lakestar, Lux Capital, NATO Innovation Fund (NIF).
Total raised
€518m
since January 2023
Rounds
17
3 undisclosed
Companies
15
raising at least once
Median round
€6m
of rounds with an amount
Money raised each quarter
Show the data as a table
| Label | Value (€m) | Rounds |
|---|---|---|
| Q1 23 | €0m | 0 |
| Q2 23 | €0m | 0 |
| Q3 23 | €0m | 0 |
| Q4 23 | €0m | 0 |
| Q1 24 | €0m | 0 |
| Q2 24 | €0m | 0 |
| Q3 24 | €0m | 0 |
| Q4 24 | €1m | 1 |
| Q1 25 | €1.78m | 1 |
| Q2 25 | €15m | 2 |
| Q3 25 | €0m | 1 |
| Q4 25 | €0m | 0 |
| Q1 26 | €27.3m | 5 |
| Q2 26 | €33.4m | 2 |
| Q3 26 | €439m | 4 |
| Q4 26 | €0m | 1 |
Top cities by money raised
Show the data as a table
| Label | Value (€m) | Note |
|---|---|---|
| Cambridge | €261m | 2 rounds |
| London | €217m | 9 rounds |
| Bristol | €37.2m | 3 rounds |
| Lincoln | €2.29m | 1 round |
Dig deeper
Filter Defence rounds by year, stage, size and investor, see them on the map and download the data.
Latest 17 rounds
Newest first.
| Date | Company | City | Stage | Amount |
|---|---|---|---|---|
| 14 Oct 2026 | Augur | London | Other / undisclosed | Undisclosed |
| 17 Aug 2026 | SpaceAM | Gloucestershire | Seed | Undisclosed |
| 10 Aug 2026 | Cambridge Aerospace | Cambridge | Series C | €260m |
| 29 Jul 2026 | Agon | London | Seed | €26.4m |
| 9 Jul 2026 | Kraken Technology | London | Series B | €153m |
| 13 May 2026 | Rowden | Bristol | Other / undisclosed | €28.8m |
| 30 Apr 2026 | Online Oceans | London | Other / undisclosed | €4.6m |
| 10 Mar 2026 | Augur | London | Other / undisclosed | €12.9m |
| 4 Mar 2026 | Mutable Tactics | Cambridge | Pre-Seed | €1.7m |
| 11 Feb 2026 | Occam Industries | London | Other / undisclosed | €3m |
| 6 Feb 2026 | Uplift360 | Bristol | Seed | €7.4m |
| 22 Jan 2026 | Shield Space | Lincoln | Other / undisclosed | €2.3m |
| 8 Aug 2025 | Oxford Dynamics | Oxfordshire | Other / undisclosed | Undisclosed |
| 27 May 2025 | Trypillian | London | Other / undisclosed | €4.4m |
| 2 May 2025 | Arondite | London | Seed | €10.6m |
| 22 Jan 2025 | Vizgard | London | Other / undisclosed | €1.8m |
| 10 Dec 2024 | Uplift360 | Bristol | Pre-Seed | €1m |
More UK funding data
- All UK rounds
- London2,129 rounds
- Cambridge156 rounds
- Oxford70 rounds
- Edinburgh76 rounds
- Birmingham24 rounds
- Manchester91 rounds
- Reading18 rounds
- Bristol51 rounds
- Nottingham21 rounds
- Glasgow37 rounds
- Cardiff21 rounds
- Belfast14 rounds
- Leeds28 rounds
- Liverpool20 rounds
- Sheffield28 rounds
- Newcastle upon Tyne38 rounds
- Fintech515 rounds
- Healthtech413 rounds
- Software648 rounds
- Semiconductors36 rounds
- AI213 rounds
- Energy171 rounds
- Transportation100 rounds
- Cloud10 rounds
Data as of , updated daily at midnight UK timeData: Tech.eu Funding Explorer