European Sovereignty Monitor

Industry, investment and R&D

Helsing raises USD 1.8 billion Series E, mostly from US and Canadian funds

Munich-based defence AI company Helsing closed a USD 1.8 billion Series E at a USD 18 billion valuation, with most new money from US and Canadian funds including Dragoneer, Lightspeed, ICONIQ, Goldman Sachs and JPMorgan, alongside European investor Daniel Ek.

Reported Helsing press release, 13 July 2026

What it does not test. Does not establish that control of Helsing has passed to its new investors, only that most fresh capital came from outside Europe.

How this item counts. Towards dependence: it changes who owns. Binding 3 of 3 (in force or operating), scale 3 of 3 (large), Reported counts half: weight -4.5 of 36 possible. USD1.8bn closed round, most fresh capital from US/Canadian investors, diluting European ownership. European Sovereignty Index

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