VP of Operations at Bloom Co Capital | Senior Fundraising Consultant/Advisor @ CMB Consulting | Ex-3x Capital (Web3) | Army Veteran | VC/PE Insights | Christ Follower
Summary: Defense tech startups have raised almost $3 billion in funding so far in 2024, surpassing the previous record of $2.6 billion in 2022. The increase in funding is driven by a few large rounds and the growth of the European defense tech scene. Key takeaways: Defense tech funding has reached a new high in 2024, surpassing the previous record from 2022. The increase in funding is driven by a few large rounds, including a $1.5 billion Series F raised by weapons manufacturer Anduril. The European defense tech scene has also seen significant growth, with large rounds raised by companies like Helsing and an increase in new venture firms. Counter arguments: Some may argue that the increase in funding for defense tech startups is concerning, as it suggests a growing need for new technologies in the face of an increasingly dangerous world. Others may argue that this trend could lead to a proliferation of companies focused on developing weapons and surveillance tech, rather than addressing underlying issues that contribute to global conflicts. #defensetech #startups #venturecapital #fundraising
Venture Capital, Board Director
3modefense tech funding at record highs raises ethical concerns. can innovation prioritize peace over weapons?