Onodrim seeks €200M Series A at $1B valuation, with Lux Capital in talks to lead
What's the deal? Dutch defense startup Onodrim Industries is seeking to raise a €200 million ($227 million) Series A at a $1 billion valuation. Lux Capital, an early backer of Anduril and Hadrian AutomationDealroom has a profile for this one. Try Dealroom →, is in talks to lead the round, according to Bloomberg.
The company: Onodrim's co-founders include alumni of Palantir TechnologiesDealroom has a profile for this one. Try Dealroom →. The startup operates in defense, a sector drawing heavy investor attention.
Why it stands out: If it closes as reported, the round would rank among the largest of its kind — in the top 1% of all-time Series A rounds for security startups in the Netherlands, based on a sample of 439 deals.
What's next? Onodrim has not yet picked its lead investors, according to people familiar with the matter. Several firms have been vying for a significant share of the financing.
The signal: A first institutional round of this size — at unicorn valuation, from Palantir alumni, courted by an Anduril backer — underscores how fast capital is flowing into European defense tech.
Read more: Bloomberg
Image credit: Generated with Gemini
