Helsing: Germany’s €12B Defense Unicorn
Munich-based defense-tech startup Helsing has become Europe’s highest-valued private defense company, reaching a €12 billion valuation after a €600 million Series D round led by Spotify founder Daniel Ek
Germany
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Key Eurotank players form Joint Venture to develop a new Main Ground Combat System
In a move towards further European defense integration, KNDS Deutschland, KNDS France, Rheinmetall Landsysteme, and Thales have established the MGCS Project Company GmbH, headquartered in Cologne, Germany. This joint venture is tasked with developing the Main Ground Combat System (MGCS), a next-generation main battle tank intended to replace Germany’s Leopard 2 and France’s Leclerc tanks by 2040.