Origin raised €4M in a pre-seed funding round led by Change Ventures to accelerate product development for its drone-launched precision-guided weapon systems.
Oct 25, 2024•about 1 year ago
Amount Raised
€4 Million
Round Type
seed
CambridgeManufacturingInvestors
Silicon Roundabout VenturesChange Ventures
Description
The defence tech startup Origin has secured €4 million in pre-seed funding, which includes €2.4 million in venture capital led by Change Ventures and €1.6 million in EU and Latvian Ministry of Defence grants. This funding will enable Origin to expand its team and enhance its flagship product, the BEAK, which has already been battlefield-tested.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers