Final Frontier and Myriad unite behind €100M defence tech fund

Danish defense technology venture capital firms Final Frontier and Myriad have joined forces to create a combined platform and launch a targeted €100 million fund. Europe is investing heavily in national security for the first time in a generation, with Ukraine's rapid response on the modern battlefield demonstrating the importance of speed, software, and small teams.

Final Frontier, founded in late 2024 by former Seed Capital GP Niels Vejrup Carlsen, made its first fund of €4.5 million in May 2025. Myriad, a €2 million early-stage New Nordic defense fund, was launched in August 2025 by experienced operators such as Zendesk's Alexander Aghassipour and Just Eat's Klaus Nyengaard. The two firms combined their resources and expertise in May 2026, recognizing that while Europe has the talent, technology, and ambition, more capital is needed in early-stage defense technology.

Final Frontier will now use Myriad's network of Nordic founders and operators, as well as its defense knowledge from the geopolitical level and across the defense industry. The combined platform aims to support founders from early product development to organizational scaling and navigating the complex procurement cycles of the defense sector.

The fund will target €100 million for Final Frontier Fund II, which will invest in pre-seed and seed-stage defense tech startups across the New Nordics and Ukraine, with the first close expected by the end of the year.