German defence startup Helsing raises $693 million in latest investment round

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German defence start-up Helsing has raised 600 million euros ($693.30 million) in its latest investment round, lead by Spotify founder Daniel Ek, the firm said on Tuesday.

The latest investment round has raised Helsing’s value to $12 billion, the Financial Times reported on Tuesday, citing people familiar with the matter.

This positions the start-up among the top five private tech companies in Europe, the FT added.

The investment round was lead by Prima Materia, an investment company founded by Ek and Spotify investor Shakil Khan, which doubled its…



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German defence startup Helsing raises $693 million in latest investment round


German defence start-up Helsing has raised 600 million euros ($693.30 million) in its latest investment round, lead by Spotify founder Daniel Ek, the firm said on Tuesday.

The latest investment round has raised Helsing’s value to $12 billion, the Financial Times reported on Tuesday, citing people familiar with the matter.

This positions the start-up among the top five private tech companies in Europe, the FT added.

The investment round was lead by Prima Materia, an investment company founded by Ek and Spotify investor Shakil Khan, which doubled its…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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