Palantir alumni-founded Dutch DefenceTech scale-up Onodrim hits unicorn status after raising €268.01 million
Onodrim, the Dutch European defence and industrial scale-up platform, has closed a €268.01 million ($300 million) Series A funding round at a €1.16 billion ($1.3 billion) valuation. The funding round was led by US investment group Lux Capital, with participation from existing investors General Catalyst and Lakestar, alongside Altimeter, Strike Capital, 137 Ventures, and 8090 […] The post Palantir…
Onodrim, a Dutch defense and industrial technology scale-up platform founded in 2026 by Aistis Šimaitis, Alexander Blessing, and Christian Garrett, has reached unicorn status after securing €268.01 million ($300 million) in Series A funding. The investment round, led by Lux Capital, brings Onodrim's valuation to €1.16 billion ($1.3 billion).
Lux Capital, along with General Catalyst, Lakestar, Altimeter, Strike Capital, 137 Ventures, and 8090 Industries Expeditions, participated in the round. Onodrim follows a model of acquiring controlling stakes in established European defense, aerospace, and industrial businesses, primarily small and medium-sized, founder-led family companies.
The company then scales these businesses using permanent capital, technology, and business development expertise, encouraging existing founders to remain and contribute to the Onodrim group. The fresh capital will fund Onodrim's acquisition program and expansion of its European presence, with the opening of offices in Germany and Italy.
Onodrim aims to address Europe's defense industrial base challenges, including supply chain bottlenecks in areas such as propulsion systems for drones, sensing and radar, energetics for explosives, and aero-structures. The company expects to announce its first acquisitions in the coming months and believes Europe has a strong industrial foundation to meet growing security challenges.
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