Europe launches €500m defence fund backed by Earlybird and AXA to boost domestic defence startupsExecutive summary: A new €500 million defence fund backed by Earlybird and AXA’s asset manager is being launched to invest in European defence startups. The fund represents an unprecedented public‑private partnership between Germany, France and private investors to bolster Europe’s defence industrial base. Earlybird, AXA Investment Manager, German and French government entities, and defence startups. The fund will begin allocating capital to selected startups, with further investment rounds expected in the next 12‑18 months.Earlybird and AXA’s asset management arm are creating a €500 million fund to invest in European defence startups. The initiative involves German and French authorities and marks an unusual public‑private partnership in the defence sector. It aims to strengthen the EU’s defence industrial base through early‑stage financing.Open the full case file on Beyond →
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