Onodrim raises $300m as European defence rollups heat up

Onodrim raises $300M to buy European defence and industrial firms

Onodrim Industries, a defence group based in Amsterdam, has raised $300M in a round led by Lux Capital. The deal values the firm at $1.3bn, Onodrim said in a statement on Monday. Other backers include General Catalyst, Lakestar, Altimeter, Strike Capital, 137 Ventures, 8090 and Expeditions.

NVIDIA Announces New Planned Investments in Korean Startups at the MSIT-NVIDIA AI Startup Partnership Forum

Korea’s Ministry of Science and ICT and NVIDIA hosted the MSIT-NVIDIA AI Startup Partnership Forum at COEX. Ryu Je-myung, vice minister of science and ICT, joined NVIDIA leaders to meet with over 20 Korean startups across foundation models, physical AI, AI infrastructure and AI semiconductors.

The winners and losers of Europe’s fintech growth funding drought

UCL spinouts looking to raise

SF confidence, reality checks and AI bubble anxiety come to the Rise venture salon in the Alps

Saving Mass Effect would take $200m+, says BioWare co-founder

Anyone hoping to buy Mass Effect from EA and finish what BioWare started needs to get saving now, as it could cost over $200 million (£150m).

Sequoia is leaving London. Should Europe be worried?

What Sequoia’s London exit means for Europe

European startups are using rollup strategies for defence. Some VCs are sceptical