Keen Venture Partners funding news – Keen Venture Partners Announced Plans to Secures a €125 Million Fund

This will be the first fund of its kind in the Benelux region and aims to become one of the largest defence tech investment funds in Europe. The goal is to support 20 to 25 startups, helping them create solutions to address key security and geopolitical challenges.

Alexander Ribbink, partner at Keen Venture Partners said, “The shifting geopolitical landscape has created a critical need for Europe to become more self-reliant in defence and security. There is a real opportunity to build a stronger European defence industry, We are convinced that entrepreneurs and venture capital can strongly contribute to the safety of Europe. They are well-positioned to build and scale the innovative and cost-efficient solutions we need. Venture capital is essential to support and fuel entrepreneurship in the European defence industry, which will have lasting benefits far beyond the defence sector itself.”

The new fund will focus on supporting innovative technologies that can be used for both military and civilian purposes in European NATO countries. It will align with the European Defence Fund and NATO strategies.

Europe is facing growing challenges, including the war in Ukraine, border threats, and tensions with China. NATO Secretary-General Mark Rutte has stressed the need for Europe to prepare for possible conflicts.

With concerns about underfunding in defence, Keen believes these challenges highlight the urgent need to build a strong and self-sufficient European defence tech sector.

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The defence industry is changing, moving from complex, low-volume systems to solutions that focus on software, scalability, and cost-effectiveness.

This shift opens up opportunities for startups to lead the way in creating "dual-use" technologies that serve both military and civilian needs, such as drones and radar systems that can also help with disaster response or environmental monitoring.

Entrepreneurship and venture capital are key to building a growing defence sector, offering affordable and innovative solutions that big, established companies may overlook. The European defence sector has grown quickly, with over 100 startups leaving the market since 2017, according to Keen.

With this new fund, Keen Venture Partners aims to provide the financial support and guidance needed to build a stronger and more resilient European defence sector.

About Keen Venture Partners

Keen Venture Partners was founded in 2016 and has invested in companies like EclecticIQ, Perciv.AI, and Avalor AI. The firm also has an advisory board of military, political, and policy experts to help shape its strategy.