Finance
Dutch VC firm Keen raising 125 million euros for European defence fund
Published by Global Banking & Finance Review®
Posted on January 14, 2025
1 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 14, 2025
1 min readLast updated: January 27, 2026
Keen Venture Partners is raising €125 million to fund European defence startups, focusing on drone and radar technology in NATO countries.
AMSTERDAM (Reuters) - Keen Venture Partners said on Tuesday it was raising 125 million euros ($128 million) for a fund focused on providing additional capital for growth to European defence startups.
"The changed geopolitical landscape has created a crucial need for Europe to become more self-sufficient at defence and safety," partner Alexander Ribbink of the Amsterdam-based venture capital firm said in a statement.
The new fund will offer Series B funding - larger rounds of funding typically led by venture capitalists or growth equity investors - to firms in European NATO member countries, with a focus on drone and radar technology.
Keen is an investor in Avalor AI, which makes software used to oversee complex military missions involving drones and is working with the Netherlands' Ministry of Defence.
Other Keen investments include cyber-threat intelligence firm EcleticIQ and radar perception firm PercivAI.
($1 = 0.9750 euros)
(Reporting by Toby Sterling; Editing by Emelia Sithole-Matarise)
The article discusses Keen Venture Partners raising €125 million for a European defence fund targeting startups.
The fund focuses on providing Series B funding to European defence startups, particularly in drone and radar technology.
Keen has invested in companies like Avalor AI, EcleticIQ, and PercivAI.
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