Onodrim Industries raised US$300 million in Series A funding led by Lux Capital. The round values the European defense and industrial scale-up platform at US$1.3 billion. New and existing investors joined the financing.
Funding details
The Series A follows a US$45 million seed round announced earlier this year. Participants include General Catalyst, Lakestar, Altimeter, Strike Capital, 137 Ventures, 8090, and Expeditions. The announcement was made from Amsterdam on November 9, 2026.
Company and leadership
Onodrim is led by co-founder and CEO Aistis Šimaitis and co-founder and CTO Alexander Blessing. Both previously held technology roles at Palantir Technologies. Christian Garrett, a partner at 137 Ventures, is also a co-founder.
What Onodrim does
Onodrim acquires controlling stakes in aerospace, defense, and industrial manufacturing businesses. It applies technology, operational, and business development expertise to accelerate their growth. The company focuses on dual-use businesses that address bottlenecks for the European defense industry.
Onodrim expects to announce its first acquisitions in the coming months. It is opening offices in Munich and Turin alongside its existing locations in Amsterdam, London, and Vilnius. The company will use the capital to acquire established businesses across Europe.