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85% of NATO’s defence-tech funding goes to the US. AVP and Earl…
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85% of NATO’s defence-tech funding goes to the US. AVP and Earl…

Reports from The Next Web indicate that <figure class="o-media o-media Earlybird, founded in 1997, also manages around €2.5bn and counts nine IPOs over nearly three decades of European deep-tech investing.…

Executive Summary

Capital Markets Research

Reports from The Next Web indicate that <figure class="o-media o-media Earlybird, founded in 1997, also manages around €2.5bn and counts nine IPOs over nearly three decades of European deep-tech investing.

Reports from The Next Web indicate that <figure class="o-media o-media Earlybird, founded in 1997, also manages around €2.5bn and counts nine IPOs over nearly three decades of European deep-tech investing. <figure class="o-media o-media Earlybird, founded in 1997, also manages around €2.5bn and counts nine IPOs over nearly three decades of European deep-tech investing.Both say they were active in defence and dual-use long before most European funds were allowed to be.E2D joins a still-thin field: the NATO Innovation Fund’s €1bn, plus a handful of others.Key players involved: GI Partners This development has significant implications for the industry, potentially influencing competitive dynamics, investment patterns, and strategic priorities across the sector. Whether one Franco-German fund moves it, or whether it takes ten more like it, is the question Europe’s defence-tech ecosystem will be living with for the next decade. Market ImplicationsForward-Looking IndicatorsContinued consolidation expected in the sectorIncreasing focus on digital transformation and innovationGrowing importance of ESG considerations Expert Commentary Looking AheadFor complete details on this development, refer to the original report from The Next Web. Frequently Asked Questions

85% of NATO’s defence-tech funding goes to th...

This $2.5bn transaction represents significant deal activity. The 85% figure highlights key market dynamics.

Updated Jun 18, 2026

Values from Article

Chart Analysis
  • $2.5bn leads with 2.5 bn, the highest value across all 3 categories analyzed.
  • $1bn trails at the lowest position with 1.0 bn, a 60% gap from the leader.
  • The average across all categories is 2.0 bn.
  • 2 out of 3 categories perform above average.

Deal Characteristics

Chart Analysis
  • IPO dominates with 35.0% market share, representing the largest segment in this distribution.
  • The second largest segment is Fund at 28.0%, trailing by 7.0 percentage points.
  • The remaining 1 segments collectively represent 37.0% of the total.

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