Frankenburg Technologies raises €30.0M Series A round
To build sovereign missile-manufacturing capacity in Europe, with a focus on production, resilience and regeneration, including setting up mass production sites.
“Europe’s deterrence problem is not just about budgets, it’s about availability. You cannot deter with systems that are too scarce, too slow to replace, or too expensive to use at scale. Frankenburg was built to restore speed, scale and sustainability to missile defence. This funding allows us to put real industrial capacity behind that mission and build missile systems Europe can actually afford to fire and produce at scale.”
Investors
Competitive Landscape
Direct competitors: Anduril (Series F, $14B+ valuation, provides AI-driven defense systems and interceptors), Helsing (Series C, AI-based software for defense platforms), and Quantum Systems (Series B, specializing in tactical UAVs). Legacy incumbents: Raytheon/RTX, Lockheed Martin, and MBDA (control the high-end missile market but struggle with cost-efficiency and production volume). Market context: Rapidly growing defense-tech sector focused on 'affordable mass' and high-volume production to counter modern drone warfare.
About Plural
Notable portfolio companies: Helsing (AI defense platform, unicorn), Isar Aerospace (space launch vehicles), Robin AI (legal technology), Proxima Fusion (clean energy/fusion), Twaice (battery analytics software), and Isometric (carbon removal registry).
About Frankenburg Technologies
Source: https://tech.eu/2026/02/24/estonian-missile-defence-startup-frankenburg-technologies-raises-eur30m/