Destinus Raises €50M, Total Funding Approaches €400M

The Commerzbank facility follows €140 million raised through recently completed convertible instruments and shareholder loans building on earlier equity financings. Combined with more than €200 million in previously raised equity, Destinus has now secured nearly €400 million in total funding to date.

Headquartered in the Netherlands, Destinus is reinforcing its position within the Dutch and wider European defence industrial base. The company employs 750 engineers and specialists across Europe and leverages AI-driven engineering, vertical integration and large-scale manufacturing to design and produce autonomous systems and effectors at industrial scale.

The new capital will accelerate the expansion of production lines, integration facilities and testing infrastructure enabling Destinus to deliver scalable and cost-efficient autonomous systems that enhance European defence readiness and strengthen sovereign industrial capabilities across allied nations.

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Commerzbank’s participation underscores growing institutional confidence in Destinus’ ability to deliver defence capabilities at meaningful volumes and contribute to Europe’s long term industrial resilience. Rothschild & Co and CLEAR acted as financial advisors to Destinus on the transactions.

“Securing this facility is an important milestone for Destinus and a strong signal of confidence in Europe’s ability to build high-performance autonomous flight systems at scale. It reinforces our production roadmap and accelerates the industrialisation of our platforms for European and allied customers,” said Mikhail Kokorich, Founder and CEO of Destinus. “We appreciate the trust placed in us by our lenders and investors, and we value the advisory support provided by Rothschild & Co and CLEAR across our financing activities throughout the year.”

Building on strategic steps taken earlier this year to strengthen its presence in the Netherlands and expand its UAV capabilities, Destinus is continuing to scale its European operations in line with its mission to develop autonomous flight systems at industrial scale.

The latest financing supports this momentum, enabling faster execution across production, integration and testing as the company contributes to a more resilient European defence and security landscape.

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About Destinus

Founded in 2021 Destinus is a European developer of autonomous flight systems for defence. The company specializes in unmanned aircraft, advanced turbojet propulsion, flight software, and reliable AI, enabling operations from subsonic to supersonic and in the future, hypersonic speeds with fully integrated, industrial-scale capabilities.