Final Frontier and Myriad merge to target €100M defence tech Fund II
What's the deal? Danish defence tech VCs Final FrontierDealroom has a profile for this one. Try Dealroom → and Myriad Defense FundDealroom has a profile for this one. Try Dealroom → have joined forces under the Final Frontier brand, combining their platforms and a combined portfolio of 15 companies. The merged firm is targeting €100 million for Final Frontier Fund II, backing pre-seed and seed-stage defence tech startups across the New Nordics and Ukraine, with a first close expected before the end of 2026.
Why it matters: Final Frontier closed its first €4.5 million fund in May 2025 with backing from investors including former NATO Secretary General Anders Fogh RasmussenDealroom has a profile for this one. Try Dealroom →. Myriad launched its €2 million early-stage fund in August 2025, founded by operators including Alexander AghassipourDealroom has a profile for this one. Try Dealroom →, who took Zendesk from startup to a $1.7B IPO and a $10.2B acquisition, and Klaus Nyengaard, who scaled Just Eat from 35 employees to a category-defining IPO.
The signal: The merger consolidates two of the few early-stage defence-focused funds in the New Nordic region into a single platform with institutional-scale firepower, as European defence spending and faster procurement cycles push more capital toward defence and dual-use tech startups.
Read more: tech.eu
Image Credits: Final Frontier and Myriad
