Amsterdam-based Onodrim Industries has secured €40 million in seed funding, according to a company statement released today. The financing round was led by Founders Fund, General Catalyst, and Lakestar, with participation from additional investors across Europe and the United States.
The company, led by Lithuanian executive Aistis Šimaitis, intends to use the funds to expand product development, increase manufacturing capacity, and hire additional specialists. Šimaitis, one of Onodrim’s co-founders, stated the company’s goal is to “help ensure peace in Europe,” citing the rapidly changing nature of warfare demonstrated by Russia’s invasion of Ukraine.
Onodrim Industries is focused on developing next-generation hardware and software for the defence industry, with a particular emphasis on critical systems, advanced sensors, and networked platforms. The company aims to strengthen deterrence, increase readiness, and improve interoperability among European and allied forces, addressing what Šimaitis described as the need for Europe to reinforce its defence foundations and build a strong defence industry.
The investment underscores growing confidence in Onodrim’s ability to contribute to rebuilding Europe’s defence industrial base amid increasing geopolitical risks, according to reports. The company’s platform is designed to address high-priority national security challenges, ranging from border protection to resilient supply chains for essential missions.
Founders Fund, General Catalyst, and Lakestar spearheaded the funding round, reflecting a broader trend of venture capital firms increasing investment in European defence technology companies. The company did not disclose the specific breakdown of investment from each firm.
