Earlybird and AVP Announce €500 Million Fund for European Defense Technologies
The new E2D fund, targeting €500 million, aims to bolster European defense and dual-use technology investment. This initiative is crucial as Europe increases defense spending and seeks to retain talent and technology within the continent.
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Earlybird and AVP have launched the E2D fund, targeting €500 million to invest in European defense and dual-use technologies. Planned investments will focus on approximately 20 companies, with an average investment of around €25 million, addressing a critical growth phase for these firms.
This initiative coincides with significant defense spending commitments from France (€76 billion) and Germany (€152 billion), alongside an EU-wide €800 billion investment program. The fund reflects a shift in European institutional investor attitudes towards DefenseTech, a sector that has gained prominence in venture capital. This collaboration leverages Earlybird's expertise in DeepTech and AVP's international growth platform, aiming to enhance Europe's technological sovereignty.
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