Onodrim raises $300M at $1.3B valuation to roll up European defence suppliers
Onodrim's founders include Aistis Simaitis, Alexander Blessing and Christian Garrett, who has no operational role.
By RuntimeWire Staff · Published
Primary source: FT + NYT + Semafor discovery (Google News)
Why it matters
European defence money has flowed to software neoprimes and drone makers while the supplier base that must manufacture at volume stayed fragmented, with lead times measured in years. Onodrim's $300 million raise tests whether venture capital can consolidate that base fast enough to matter, and whether ministries will trust a roll-up founded a year ago, according to the FT, with work they have historically given to primes.
Onodrim Industries, an Amsterdam-based defence business founded by Palantir alumni Aistis Simaitis and Alexander Blessing with Christian Garrett, has raised $300 million at a $1.3 billion valuation to buy and scale smaller European companies, according to the Financial Times. The Financial Times reported that Lux Capital led the latest round, with participation from existing investors General Catalyst and Lakestar. The FT report did not state when the financing closed.…
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