Loitering Munitions startups in Europe
Loitering munitions are one-way drones that can circle a target area before striking. A new generation of European startups builds them, and the long-range strike systems above them, at a fraction of the cost of legacy munitions.
US soldiers launch a Switchblade 600 loitering munition, Grafenwoehr. Photo: U.S. Army TSAE by Sgt. Cody Nelson, Public domain (PD-USGov-Military-Army).
Latest rounds
| Date | Company | Round | Amount | Country | Sector |
|---|---|---|---|---|---|
| 23 Jun 2026 | STARK | Series C | €500M | Germany | Loitering Munitions |
| Jun 2026 | PDKinematics | Seed | €2M | Lithuania | Loitering Munitions |
| May 2026 | Destinus | Pre-IPO round | ~€200M | Netherlands | Loitering Munitions |
| May 2026 | Sweden Ballistics (Swebal) | Equity | €30M | Sweden | Loitering Munitions |
| May 2025 | Trypillian | Funding round | €4.4M | United Kingdom | Loitering Munitions |
All companies
Full directorySTARK
Berlin, GermanyDevelops and manufactures the Virtus long-range loitering munition and related strike drone systems for European armed forces.
PDKinematics
Vilnius, LithuaniaMakes Gannet, a drone-agnostic, GNSS-independent precision guidance kit for UAV-dropped munitions.
Destinus
Hoofddorp, NetherlandsDevelops and produces long-range strike drones and cruise missiles plus related propulsion for European militaries.
Sweden Ballistics (Swebal)
Nora, SwedenBuilding a TNT production plant in Nora, Sweden, to supply explosives for European artillery and drone munitions.
Trypillian
London, United KingdomDevelops combat-tested defence systems including the Chorna long-range autonomous strike platform, tactical ISR UAVs and resilient combat communications.
Origin Robotics
Riga, LatviaMakes the BLAZE autonomous interceptor drone and the Beak strike UAV for NATO armed forces.
Wolfram Europa
Tallinn, EstoniaVertically integrated producer of energetic materials, warheads and mines for European armed forces, led by former Estonian defence procurement chiefs.