Post by EU-Startups

Stockholm-based Varangians, a new DefenceTech-focused investment fund co-founded by Beetroot founder Andreas Flodström, has closed at over €10 million to back Ukraine’s DefenceTech ecosystem 🇪🇺 🇺🇦 The fund has already completed investments in Ukrainian DefenceTech companies including NORDA Dynamics, HIMERA and Sine engineering, while a fourth portfolio company remains confidential. Varangians co-founders Pär Lager, Andreas Flodström and Jonas Rydin said: “We founded Varangians because we have seen how Ukrainian engineers innovate under fire; producing low-cost, effective tech that Europe urgently needs.” https://lnkd.in/emWsbxV5