Funding
Two startups just raised €60M to mass-produce cheap missiles
Frankenburg and Tytan each raised €30M to build low-cost interceptors, betting Europe needs millions of cheap missiles, not dozens of expensive ones.
Sifted·Mar 27, 2026
In-depth reports on European defence companies, sectors, hiring and policy, drawn from our directory of the industry.
Frankenburg and Tytan each raised €30M to build low-cost interceptors, betting Europe needs millions of cheap missiles, not dozens of expensive ones.
European defence startups raised $8.7B in 2025, up 55% year-over-year. AI drove 44% of all funding. Munich led with $1.7B as late-stage investment tripled and 21 specialist defence funds reshaped the market.