Danish-Lithuanian unmanned aerial vehicle manufacturer Monopulse, operated by MNP Technologijos, has raised more than €2 million from investors in Lithuania and abroad. The round was led by Coinvest Capital, with participation from Plug and Play Ventures, the Lithuanian Business Angel Network, and NGL Ventures. The company develops advanced reconnaissance drones for NATO militaries, employs 14 team members, and has already secured customers in Lithuania and Denmark.
Investor Backing and Capital Plans
The angel syndicate NGL Ventures contributed €560,000 from 68 individual investors, marking its largest syndicate to date. Coinvest Capital led the round, while Plug and Play Ventures and members of the Lithuanian Business Angel Network also participated. The new capital will expand production capacity, support research and development, and accelerate entry into Germany, France, the Netherlands, and Scandinavian markets.
Justas Poderys, founder and chief executive officer of Monopulse, said the investment addresses a dynamic defense technology sector where capabilities evolve rapidly and customers require secure manufacturing and resilient supply chains. He added that the funding will allow the company to scale production while ensuring timely product delivery. The round follows €1.12 million in funding announced in November 2025.
Technology for Contested Environments
Monopulse focuses on making drones more reliable in electronic warfare environments, where communications and navigation signals can be disrupted or jammed. The company combines aerospace engineering, electronics, sensor fusion, computer vision, and artificial intelligence to maintain communications or enable autonomous operation when signals are lost. Its product portfolio includes the Falcon MK3S platform for intelligence, surveillance, and reconnaissance, alongside the Hydrohex system that operates in the air and on water.
The Falcon MK3S is manufactured exclusively in countries friendly to Lithuania, and all major components are designed and built in-house. Camera sensors come from Sony in Japan and motors from Taiwan, while Chinese parts are avoided to strengthen supply chain security. Lithuanian and Danish armed forces already use the technology, with expansion underway across other NATO markets.
Origins and Military Collaboration
Founded in 2021 by Justas Poderys and Alexander Vesterhauge, Monopulse initially targeted drones for search and rescue at sea. After demand for that use case faded, the company pivoted to land-based surveillance as the war in Ukraine intensified. The team now includes 14 engineers, researchers, and former military personnel, and the company reported almost €3 million in revenue in 2025.
Monopulse tested its systems with Ukrainian forces and used their feedback to simplify the product, focusing on reliability rather than complex features. The company also works closely with Danish troops at Camp Valdemar in Latvia, where it observes how soldiers use drones and gathers direct input on improvements. Poderys said this collaboration reflects roughly three years of trust and regular contact at the multinational base.
With the new funding, Monopulse aims to strengthen its position in Europe's defense supply chain while maintaining secure and resilient production. The investment will help scale manufacturing capacity, deepen research and development, and broaden the company's presence among NATO allies and international buyers while improving delivery timelines. The round underscores growing investor confidence in European defense technology that offers both military utility and potential civilian applications.