Onodrim Industries Raises $300 Mn at $1.3 Bn Valuation to Expand European Defence and Industrial Businesses

Other investors participating in the round include General Catalyst, Lakestar, Altimeter, Strike Capital, 137 Ventures, 8090 and Expeditions.

The latest funding round values Onodrim Industries at $1.3 billion. This investment follows the company's $45 million seed round, which was announced earlier this year.

"Our approach at Onodrim is rooted in long-term partnership and collaboration. We believe Europe's industrial champions are built by investing in great businesses, empowering the people behind them and giving them the resources to grow for the long term, "said Alex Blessing, co-founder and CTO of Onodrim.

Onodrim Industries will use the new funding to buy established companies in the aerospace, defence and industrial manufacturing sectors. The company plans to announce its first acquisitions in the coming months.

Along with its acquisition plans, Onodrim is growing its presence across Europe. It is opening new offices in Munich, Germany, and Turin, Italy.

The new offices will add to Onodrim's existing locations in Amsterdam, London and Vilnius. This expansion will help the company build a stronger presence across key European markets.

Read Also- Marble Imaging Raises Additional €6Mn to Build Germany’s Commercial Satellite Network