Company intelligence
As of September 23, 2026, Tekever was last valued at $6.4B (September 2026 Series D) and has raised at least $580M in equity across 1 sourced funding round.
Tekever is a European developer of autonomous systems and surveillance drones for defence.[1] Tekever has been active in Ukraine since Russia's full-scale invasion in 2022, Bloomberg reported.[1] In 2026 Britain's Ministry of Defence selected Tekever to provide its CORVUS surveillance system under a programme worth up to £400 million over ten years.[2],[3] That programme is built on Tekever's AR5 system.[1] UC Investments, the University of California's investment office, and Baillie Gifford led the round; it was UC Investments' first direct investment in Europe.[3] Tekever said it would use the money to expand internationally, increase manufacturing, pursue acquisitions and develop AI-powered autonomous systems.[2] Mendes told Bloomberg Television he expects the defence technology market to consolidate over the next few years.[1] In October 2026 Tekever established a German headquarters in Munich.[4],[3]
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| Date | Round | Amount | Valuation | Lead investors | Source |
|---|---|---|---|---|---|
| Sep 23, 2026 | Series D | $580M | $6.4Bpost-money | Tech Funding News |
Equity only. “Equity raised” above sums the rounds with a dated, linked source; rumored rounds, tender offers and secondary sales are listed but not counted, and debt financing is listed separately.
In May 2025 the company said its valuation had passed £1 billion, and it announced a five-year £400 million UK development programme called Overmatch.[1] On September 23, 2026 Tekever announced the first close of a $580 million Series D at a $6.4 billion valuation.[3]
European defense-tech startup Tekever raised $580 million in the first close of a Series D round at a $6.4 billion valuation, as Europe ramps up autonomous-systems defense spending.
TEKEVER, the Portugal-founded, UK-headquartered drone and autonomous-systems company, raised a $580 million Series D at a $6.4 billion valuation, nearly five times its valuation from earlier this year.
On September 23, 2026 Tekever announced the first close of a $580 million Series D at a $6.4 billion valuation.[3]
Ricardo Mendes, its founder and chief executive, started the company in Lisbon in 2001.[1]
In October 2026 Tekever established a German headquarters in Munich.[4],[3]
Tekever is a European developer of autonomous systems and surveillance drones for defence.[1]
Tekever has raised at least $580M in equity across 1 sourced funding round tracked by Value Add VC. The most recent was a $580M Series D in September 2026 at a $6.4B post-money valuation, reported by Tech Funding News. Debt financing, tender offers and secondary sales are not counted.
Lead investors in Tekever's sourced funding rounds include UC Investments and Baillie Gifford. Per round: its September 2026 Series D was led by UC Investments and Baillie Gifford.
Tekever was founded in 2001 and is headquartered in Lisbon, Portugal, according to Wikidata and Tech Funding News.
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.