Frankenburg Technologies, a leading European missile defence startup focused on affordable, mass-manufacturable missile systems and sovereign production capacity, raised €30 million in Series A funding.
The new funding will be used to build tangible, sovereign missile manufacturing capacity in Europe, with a clear focus on production, resilience, and regeneration. Together, these investments are intended to enable distributed, multi-site missile production at scale, capable of sustaining high daily output across multiple locations. The €30 million Series A brings Frankenburg’s total funding to €40 million and will support the company’s expansion from its first operational systems to a broader, full-spectrum missile portfolio.
The round was led by Plural, a London-based venture capital firm founded by experienced technology founders and operators, whose mission is to achieve GDP-level impact on Europe by backing bold early-stage technology companies. SmartCap joined as an investor through its Defence Fund, which is dedicated to strengthening Estonia’s defence industry by supporting the development of innovative technologies and high-potential defence producers that contribute to national security.
COBALT advised Frankenburg Technologies throughout all stages of the transaction. The advisory team included Partner Kristel Raidla-Talur and Associate Paul Schifrin.
Read more from the press release here.
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Photo: Frankenburg Technologies
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