NATO Innovation Fund
Venture capital
RollingLast verified 6 Nov 2026
The NATO Innovation Fund is a €1bn standalone venture capital firm investing in early-stage deep tech and dual-use startups supporting defence, security, and resilience across 24 NATO Allied nations.
13 deals in the last 24 months, latest 9 Jul 2026. From its website and its deals in the news.
Key facts
- Stages
- Seed, Series A, Series B
- Sectors
- Defence & security, Other deeptech, Cybersecurity, Space
- Ticket
- €3M–€15M
- Typical round size
- €31.3M (median of its recent deals, not a ticket)
- Leads rounds
- 54% of recent deals with a known role
- Eligible countries
- Belgium, Bulgaria, Czechia, Germany, Denmark, Estonia, Spain, Finland, United Kingdom, Greece, Hungary, Iceland, Italy, Lithuania, Luxembourg, Latvia, Netherlands, Norway, Poland, Portugal, Romania, Sweden, Slovakia, Türkiye
- Provider based in
- Netherlands
- Timing
- Rolling applications
- Focus
- deep tech; dual-use technologies; defence, security and resilience
- How to apply
- Apply route unknown
Recent deals
| Company | Round | Sectors | Amount | Role | Announced |
|---|---|---|---|---|---|
| Kraken Technology Group | Series B | Defence & security, Mobility, Hardware & IoT | €156.7M | participant | 9 Jul 2026 |
| Kraken Technology Group | Unknown | Mobility, Robotics | €156.7M | participant | 9 Jul 2026 |
| TYTAN Technologies | Series A | Defence & security, Space | €30M | lead | 7 Jul 2026 |
| Stark Defence · Germany | Unknown | Defence & security, Hardware & IoT, Mobility | €500M | participant | 23 Jun 2026 |
| Kelluu · Finland | Series A | Space, Defence & security, Hardware & IoT | €15M | lead | 14 Apr 2026 |
| Portal Biotech | Series A | Biotech & pharma, Healthtech | €31.3M | lead | 30 Jun 2025 |
| Space Forge · United Kingdom | Series A | Space, Materials & chemistry, Industrial & manufacturing | €27.1M | lead | 14 May 2025 |
| Tekever | Unknown | AI & machine learning, Defence & security | – | participant | 7 May 2025 |
| Tekever · Portugal | Unknown | Hardware & IoT, AI & machine learning, Mobility | – | participant | 6 May 2025 |
| ARX Robotics | Series A | Robotics | €31M | participant | 28 Apr 2025 |
| TEKEVER | Unknown | Defence & security, Robotics | €447.8M | lead | 2 Apr 2025 |
| Camgraphic | Series A | Photonics, Industrial & manufacturing | €25M | lead | 24 Mar 2025 |
| Tekever · Portugal | Series B | Defence & security, Hardware & IoT, Mobility | €70M | lead | 20 Nov 2024 |
Evidence
Short excerpts from the sources, in their original language, that back the facts above.
- Kind
The NATO Innovation Fund is a standalone VC firm, launched by NATO, backed by 24 NATO Allied nations, with €1 billion in assets under management.
https://www.nif.fund/about - Sectors
We invest in deep tech companies addressing the most critical needs in defence, security and resilience — with a focus on seed stage to Series B.
https://www.nif.fund/about - Stages
Direct Investment We invest directly into deep tech, dual-use companies from seed to Series B.
https://www.nif.fund/about - Ticket
Initial tickets of 3 to 15 million Euro, with reserves to follow on as companies scale.
https://www.nif.fund/about - Ticket
Initial tickets of 3 to 15 million Euro, with reserves to follow on as companies scale.
https://www.nif.fund/about
Status history
- 7 Nov 2026: Uncertain → Rolling (profiles: investor activity)
- 6 Nov 2026: Rolling → Uncertain (freshness: investor activity)
- 6 Nov 2026: Rolling (first extraction)
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