Earlybird raises €500M defense tech fund with French investor AVP
German venture firm Earlybird and French investor AVP have launched a joint €500M fund focused on defense and dual-use technologies in Europe. The fund reflects growing appetite for tech investment in critical infrastructure and geopolitical resilience as NATO members boost defense budgets.
The partnership highlights a shift in European VC strategy: founders in cybersecurity, autonomous systems, and resilience tech now have dedicated capital from major players. This fund fills a gap where traditional VCs have been hesitant, opening doors for startups building sovereignty-critical tech.