Danish-Lithuanian drone maker Monopulse raises €2M to enter new markets
What's the deal? Danish-Lithuanian drone manufacturer MonopulseDealroom has a profile for this one. Try Dealroom → — legally registered as MNP Technologijos — has raised a €2 million early-stage round led by Coinvest CapitalDealroom has a profile for this one. Try Dealroom →, the early-stage venture fund set up by national development bank ILTEDealroom has a profile for this one. Try Dealroom →. NGL VenturesDealroom has a profile for this one. Try Dealroom →, LitBANDealroom has a profile for this one. Try Dealroom →, and Plug and Play Ventures also joined.
What's the endgame? The funding will expand Monopulse's production capacity, support R&D, and accelerate its push into Scandinavia and other international markets, including Germany, France and the Netherlands.
Who else backed it? €560,000 of the round came from the NGL Ventures syndicate together with 68 individual business angels — the largest syndicate in NGL Ventures' history, built on two years of cooperation with Monopulse. "What convinced us most was Monopulse's commercial progress and the team's ability to deploy capital effectively. Last year, the company more than tripled its revenue while raising a relatively small amount of external capital. Its technology is no longer just a prototype: the Falcon drones developed by Monopulse are already being used by the armed forces of several NATO countries. More importantly, the team continues to develop new products and has a growing pipeline of orders," says Justinas Pašys, founder and CEO of NGL Ventures.
Why the backers? "Monopulse is already successfully operating in NATO markets, with its products being integrated into air defence and critical infrastructure protection systems," says Viktorija Trimbel, managing director of Coinvest Capital. "We invest first and foremost in teams, and the Monopulse team brings together a rare combination of deep engineering expertise and a strong understanding of what the military needs today. The company's products also have clear civilian applications, so we believe that within the next few years, Monopulse could become an integral part of Europe's defence supply chain — a company that allies turn to not because it is Lithuanian, but because it is the best."
What does the founder say? "We operate in a dynamic defence technology sector where technologies are evolving rapidly and customers demand secure manufacturing and resilient supply chains. This investment will enable us to scale our production capacity while ensuring that our customers receive our products quickly and on schedule," says Justas Poderys, PhD, founder and CEO of Monopulse.
What does it make? Monopulse's flagship product is the Falcon MK3S, a NATO Class I (Mini) unmanned aircraft built for surveillance and reconnaissance, fitted with multiple cameras — including night vision — and communication systems designed to keep operators in control even under GPS interference. The company is also developing HydroHex, an unmanned platform that can both fly and operate on the surface of water. Monopulse sources critical components exclusively from countries friendly to Lithuania and designs and manufactures all major components in-house, from the camera to the flight control computer.
What's the context? The round sits in the lower half of comparable deals by size, landing around the 46th percentile. That reflects the early stage of the company, with investors betting on dual-use technology that spans defence and commercial needs.
The signal: Dual-use drone startups continue to draw both state-backed and private capital across the Baltics, as the region leans into defence innovation with clear civilian crossover. Monopulse's backing — mixing a national development fund, local angels, and a Silicon Valley platform — shows how that thesis is pulling in investors from both sides of the Atlantic.
Image credit: Monopulse
