E2D
AVP and Earlybird · Venture capital
RollingLast verified 7 Nov 2026
A €500M European growth-stage fund launched by AVP and Earlybird targeting dual-use and defence technology across space, air, land, maritime, and subsurface domains.
8 deals in the last 24 months, latest 20 Oct 2026. From its website and its deals in the news.
Key facts
- Stages
- Series B, Series C+
- Sectors
- Defence & security, Space, Other deeptech
- Ticket
- €25M–€25M
- Typical round size
- €94.8M (median of its recent deals, not a ticket)
- Leads rounds
- 63% of recent deals with a known role
- Eligible countries
- Not stated
- Provider based in
- France
- Timing
- Rolling applications
- Focus
- defence technology; dual-use technology; space air land maritime subsurface; growth-stage deep tech
- How to apply
- Application form · Apply on their site
Recent deals
| Company | Round | Sectors | Amount | Role | Announced |
|---|---|---|---|---|---|
| Blackwall | Series C+ | Cybersecurity | €89.6M | lead | 20 Oct 2026 |
| Finom | Series C+ | Fintech, B2B SaaS | €115M | lead | 20 Jul 2026 |
| Odoo | Unknown | B2B SaaS | €60M | participant | 4 Jan 2026 |
| Flatpay · Denmark | Series C+ | Fintech | €152.3M | lead | 24 Nov 2025 |
| deskbird | Series B | B2B SaaS, HR tech & future of work, Proptech & construction | €20.6M | participant | 24 Sep 2025 |
| Agicap | Series C+ | Fintech, B2B SaaS | €45M | lead | 24 Mar 2025 |
| Alice & Bob · France | Series B | Quantum | €100M | lead | 28 Jan 2025 |
| Odoo | Unknown | B2B SaaS | €472M | participant | 20 Nov 2024 |
Evidence
Short excerpts from the sources, in their original language, that back the facts above.
- Apply link
https://avpcap.com/submit | Submit your executive summary
https://avpcap.com/avp-and-earlybird-launch-e2d-a-e500m-european-dual-use-and-defence-growth-fund - Kind
Earlybird and AVP today announce the launch of E2D, a €500 million European dual-use and defence technology growth fund
https://avpcap.com/avp-and-earlybird-launch-e2d-a-e500m-european-dual-use-and-defence-growth-fund - Sectors
Its investment focus spans across all critical domains — space, air, land, maritime, and subsurface
https://avpcap.com/avp-and-earlybird-launch-e2d-a-e500m-european-dual-use-and-defence-growth-fund - Stages
E2D will be a growth-stage fund
https://avpcap.com/avp-and-earlybird-launch-e2d-a-e500m-european-dual-use-and-defence-growth-fund
Status history
- 7 Nov 2026: Uncertain → Rolling (profiles: investor activity)
- 7 Nov 2026: Rolling → Uncertain (freshness: investor activity)
- 6 Nov 2026: Rolling (first extraction)
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