Destinus Seeks €200 Million Funding Round Ahead of Potential Amsterdam IPO
European defense technology company Destinus is reportedly seeking around €200 million in fresh financing at a valuation exceeding €5 billion. The funding effort comes as European investors increase support for defense startups focused on autonomous systems, drones, and military AI.
Swiss-founded defense technology company Destinus is reportedly in discussions to secure approximately €200 million in new financing as it prepares for a potential stock market listing in Amsterdam.
According to multiple reports and sources familiar with the matter, the company is targeting a valuation above €5 billion. The valuation is reportedly linked to projected annual revenue of roughly €500 million.
Founded in 2021 by entrepreneur Mikhail Kokorich, Destinus focuses on autonomous defense and aerospace systems, including long-range drones, loitering munitions, interceptor platforms, and cruise missile technologies. The company has positioned itself within the growing European market for next-generation defense capabilities as governments across NATO increase spending on military modernization and industrial resilience.
The company has expanded rapidly through acquisitions and technology integration. In 2025, Destinus acquired Swiss aviation software firm Daedalean in a transaction reportedly valued at approximately CHF 180 million. Daedalean specializes in autonomous flight and navigation systems, adding advanced aerospace software capabilities to Destinus’ portfolio.
The latest fundraising effort reflects broader momentum across Europe’s defense technology sector. Investors have increasingly shifted toward military and dual-use startups amid rising geopolitical tensions, lessons from the war in Ukraine, and concerns about Europe’s dependence on foreign defense suppliers.
Several European defense technology firms have recently secured major funding rounds. German defense AI company Helsing is reportedly pursuing a multibillion-dollar valuation in a new investment round, while drone manufacturer Quantum Systems and Portuguese defense technology company Tekever have also expanded their financing and production capacity over the past year.
Industry observers increasingly compare the European defense technology landscape with the rise of U.S.-based Anduril Industries, which demonstrated the commercial viability of software-driven military systems and autonomous platforms within Western procurement markets.
A public listing in Amsterdam would position Destinus among the first European pure-play defense technology companies to pursue an IPO focused primarily on autonomous military systems and aerospace capabilities.
