Funding focus: Germany snaps up 90% of Europe’s record defence tech funding

Key Points: 1. Europe's defense tech startups secured a record $971 million in funding during the first half of 2023, surpassing the previous full-year record of $605 million in 2024. 2. The surge in funding is driven by venture capitalists looking to capitalize on Europe's push to rearm amid heightened geopolitical tensions. 3. German startups accounted for 90% of the total defense tech funding in Europe during the first half of 2023. 4. The article is part of a new series, "Funding focus," which analyzes cash flow into the European tech ecosystem, with a focus on specific sectors. Concise Summary (183 words): Europe's defense tech startups have experienced a significant surge in funding, with the sector securing a record $971 million in the first half of 2023. This figure surpasses the previous full-year record of $605 million set in 2024, reflecting the growing interest of venture capitalists in capitalizing on Europe's efforts to rearm amid heightened geopolitical tensions. Notably, German startups accounted for a staggering 90% of the total defense tech funding in Europe during this period. The article is part of a new series, "Funding focus," which delves into the cash flow dynamics within the European tech ecosystem, with a focus on specific sectors, such as the booming defense tech arena.