Onodrim Industries hits $1.3B valuation with $300M Series A to strengthen European defence

European defence and industrial scale-up platform Onodrim Industries has raised $300 million in a Series A funding round led by Lux Capital, with participation from new and existing investors, including General Catalyst, Lakestar, Altimeter, Strike Capital, 137 Ventures, 8090 and Expeditions. The financing values Onodrim at $1.3 billion and follows a $45 million seed round announced earlier this year. Onodrim focuses on strengthening Europe's defence and industrial capabilities by acquiring controlling stakes in businesses operating across critical supply chains, services and products, particularly those addressing bottlenecks in the European defence industry. The company uses permanent capital to support the long-term development of its portfolio businesses, combining financial resources with technology, operational expertise and business development support to help them expand their capabilities, take on larger programmes and serve customers across Europe. According to Aistis Šimaiti