Amsterdam – November 09, 2026 -- Onodrim Industries, a European defence and industrial scale-up platform, has raised a $300 million Series A at a $1.3 billion valuation, with Lux Capital leading the round.
General Catalyst, Lakestar, Altimeter, Strike Capital, 137 Ventures, 8090 and Expeditions also participated, alongside other new and existing investors. The round follows a $45 million seed financing announced earlier this year.
Onodrim to take controlling stakes in aerospace, defence and industrial manufacturers
Onodrim will deploy the capital to acquire established businesses in aerospace and defence and in industrial manufacturing. It takes controlling stakes using permanent capital and applies technology, operational and business development expertise to accelerate growth.
The company targets dual-use businesses across supply chains, services and products that address bottlenecks in the European defence industry. It expects to announce its first acquisitions in the coming months.
Onodrim opens Munich and Turin offices alongside three existing European hubs
Onodrim Germany will operate from Munich and Onodrim Italy from Turin. They join existing offices in Amsterdam, London and Vilnius.
Portfolio companies are to receive capital, operational and business development support and technology resources. Onodrim says this will help them take on larger programmes and serve customers across Europe. They will also get access to in-house engineering teams that can develop new products and modernise manufacturing and operations.
Former Palantir staff lead the platform with 137 Ventures partner as co-founder
Co-Founder and CEO Aistis Šimaitis is a former advisor to the Lithuanian Government and a former technology leader at Palantir Technologies. Co-Founder and CTO Alexander Blessing previously worked as a Forward Deployed Engineer at Palantir. Christian Garrett, Partner at 137 Ventures, is also a co-founder.
The team spans private equity, aerospace and defence, technology and government.
Investors back ownership model as route to a stronger European industrial base
Brandon Reeves, Partner at Lux Capital, said Europe needs a stronger industrial foundation and a new model of ownership and investment for its most important businesses. Jeannette zu Fürstenberg, President and Managing Director at General Catalyst, said established European manufacturers already have the expertise, customers and trust, and need technology to take on larger programmes.
Onodrim is inviting approaches from owners of defence, aerospace, manufacturing and industrial businesses. It is also recruiting engineering and operational talent. Blessing said the approach is built on long-term partnership.