Frankenburg Technologies secures €30M to advance its missile defence systems

Frankenburg Technologies, founded in 2024, is led by CEO Kusti Salm, the former permanent secretary of Estonia’s Ministry of Defence. The company positions itself as a sovereign European defence player, created in response to major changes in Europe’s security landscape. It argues that modern aerial threats can now be produced cheaply and at scale, while traditional missile manufacturing has historically focused more on performance than on speed, cost efficiency, and rapid replenishment.

The funding round comes four years after Russia’s full-scale invasion of Ukraine, a conflict that has reshaped Europe’s defence priorities. Frankenburg Technologies says it aims to address Europe’s air-defence bottleneck by producing affordable missile systems designed specifically for mass production.

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The company plans to use the new capital to build sovereign missile manufacturing capacity within Europe, with a strong focus on scalable production, resilience, and rapid regeneration of supply. According to the Financial Times, one of its key goals is to establish two EU-based mass production sites capable of producing more than 100 missiles per day at each facility.

The round was led by new investor Plural, the Estonian fund founded by Taavet Hinrikus and other prominent investors, with participation from SmartCap. With this latest raise, the startup has secured a total of €40 million in funding to date.

Salm said: “Europe’s deterrence problem is not just about budgets, it’s about availability. You cannot deter with systems that are too scarce, too slow to replace, or too expensive to use at scale. Frankenburg was built to restore speed, scale and sustainability to missile defence.

"This funding allows us to put real industrial capacity behind that mission and build missile systems Europe can actually afford to fire and produce at scale.”