Tough Tech by the Tough Ten – 2026

Venture investment on Europe’s Eastern Flank is projected to reach $2.3B in 2026, more than double last year’s record. This second edition maps defence, space and resilience startups, investors and policies across ten countries from Finland to Bulgaria. It is published with Coinvest Capital, NATO Innovation Fund, BSV Ventures, Balnord, DEPO Ventures, Sparkmind Capital, TEGOS, ILTE and Resilience Media.

Key findings