• European defence startups raised $7.4 billion by 20 September, up from $1.5 billion a year earlier, according to Dealroom and Resilience Media.
  • The EU's share of defence startup funding rose to 21% from 15%, while the U.S. share fell to a record low of 75%.
  • Across NATO, defence startups have raised $27.1 billion so far in 2026, already above 2025's $14.5 billion, with $38.5 billion forecast.