Defense tech, space and government-technology startups. In the last 12 months Value Add VC tracked 77 venture rounds in Defense & Space totaling $37.3B across 60 companies, with a median round of $155M. The last three months saw 41 rounds and $9.6B, ahead of the 12-month pace.
| Rounds tracked | Last 3 months | Last 6 months | Last 12 months |
|---|---|---|---|
| Rounds | 41 | 60 | 77 |
| Dollars | $9.6B | $30.2B | $37.3B |
| Companies | 38 | 54 | 60 |
| Median round | $110M | $135M | $155M |
Rounds tracked by Value Add VC from filings, wire releases and news outlets, not a total for the whole market. Private companies only.
Value Add VC intelligence database (rounds tracked from filings, wires and outlets)
| Item | Value |
|---|---|
| Dec 25 | $600M · 2 rounds |
| Jan 26 | $49M · 3 rounds |
| Feb 26 | $1.2B · 3 rounds |
| Mar 26 | $3.3B · 2 rounds |
| Apr 26 | $1.2B · 5 rounds |
| May 26 | $5.6B · 3 rounds |
| Jun 26 | $1.2B · 4 rounds |
| Jul 26 | $12.7B · 9 rounds |
| Aug 26 | $3.4B · 13 rounds |
| Sep 26 | $3.4B · 11 rounds |
| Oct 26 | $1.1B · 14 rounds |
| Nov 26 | $3.3B · 7 rounds |
Value Add VC intelligence database (rounds tracked from filings, wires and outlets)
| Item | Value |
|---|---|
| Dec 25 | 2 |
| Jan 26 | 3 |
| Feb 26 | 3 |
| Mar 26 | 2 |
| Apr 26 | 5 |
| May 26 | 3 |
| Jun 26 | 4 |
| Jul 26 | 9 |
| Aug 26 | 13 |
| Sep 26 | 11 |
| Oct 26 | 14 |
| Nov 26 | 7 |
Value Add VC intelligence database (rounds tracked from filings, wires and outlets)
| Item | Value |
|---|---|
| Series D+ / growth | 18 rounds · $18.4B |
| Undisclosed | 17 rounds · $13.1B |
| Seed | 11 rounds · $564M |
| Series C | 11 rounds · $3.9B |
| Series B | 11 rounds · $942M |
| Series A | 9 rounds · $330M |
| Date | Company | Stage | Amount | Led by |
|---|---|---|---|---|
| Jul 9, 2026 | Blue Origin | First outside round | ~$10B | Coatue Management |
| May 13, 2026 | Anduril Industries | Series H | $5B | Thrive Capital, Andreessen Horowitz |
| Nov 6, 2026 | Shield AI | Series H | $2B | Disruptive, Blackstone |
| Jul 13, 2026 | Helsing | Series E | $1.8B | Thrive Capital |
| Mar 27, 2026 | Saronic | Series D | $1.75B | Kleiner Perkins |
| Mar 26, 2026 | Shield AI | Series G | $1.5B | Advent International |
| Aug 6, 2026 | Hadrian | Series D | $1.37B | Washington Harbour Partners, Valor Equity Partners, 137 Ventures |
| Sep 8, 2026 | Stoke Space | Series E | $1B | Point72 Ventures, Spark Capital |
| Feb 10, 2026 | Stoke Space | Series D | $860M | — |
| Aug 19, 2026 | Castelion | Series C | $800M | JPMorganChase Strategic Investment Group, Andreessen Horowitz, Carlyle Group |
| Date | Company | Stage | Amount | Led by |
|---|---|---|---|---|
| Nov 6, 2026 | CesiumAstro | Series D | $730M | Janus Henderson Investors |
| Nov 6, 2026 | EOS-X Space | — | €110M | Global Emerging Markets |
| Nov 6, 2026 | EOS-X Space | Series D | $120M | Global Emerging Markets |
| Nov 6, 2026 | Shield AI | Series H | $2B | Disruptive, Blackstone |
| Nov 3, 2026 | Corridian | Seed | $38M | Point72 Ventures |
| Nov 2, 2026 | Hypersonica | Series B | €100M | Lightspeed Venture Partners, General Catalyst |
| Nov 2, 2026 | Northwood Space | Series C | $375M | Andreessen Horowitz, DFJ Growth |
| Oct 29, 2026 | Rendezvous Robotics | Seed | $20M | MaC Venture Capital, Toyota Ventures |
| Oct 28, 2026 | Firehawk Defense | Series D | $150M | Advent International |
| Oct 26, 2026 | Starcloud | — | $250M | — |
| Oct 24, 2026 | Warhound | Seed | $200M | — |
| Oct 23, 2026 | Foundational | Pre-seed | £8.2M | — |