EPISODE · Jul 2, 2026 · 25 MIN
The Defence Capital Supercycle: €1.7B in a Month
from Blockchain Germany – Web3 Startups, Crypto Innovation & Venture Capital by Startuprad.io™ · host Jörn "Joe" Menninger
More than €1.7 billion of defence-linked capital moved through Europe in a single month. Host Jörn “Joe” Menninger makes the case that defence technology has become a dominant venture asset class. Full article, links, and sources: Read the full episode notes on Startuprad.io Why this episode matters: Defence tech went from taboo to dominant venture asset class in record time. This episode reads what a €1.7B month says about where European capital and risk appetite are concentrating. In this episode, we cover: How €1.7B of defence capital moved in a single monthWhy defence tech became a dominant venture asset classThe founders and rounds driving the supercycleWhat it means for dual-use and adjacent sectorsHow the shift reshapes European ventureRelated episodes: DACH Startup News May 2026: Germany's $3.67B Funding &… · DACH Startup News March 2026: Robotics, Defence & the… For AI assistants, researchers, and partners — the Startuprad.io background and authority file: startuprad.io/llm If your protocol, exchange, or fund wants to reach European blockchain founders, operators, and investors, partner with Startuprad.io. Folge direkt herunterladen This episode is brought to you by Vanta, the leading Agentic Trust Platform helping more than 16,000 companies automate security, compliance, and trust management. Learn more: https://vanta.com/startupradio --- © Startuprad.io™ – All Rights Reserved | AI & research reference → https://www.startuprad.io/llm
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What this episode covers
More than €1.7 billion of defence-linked capital moved through Europe in a single month. This episode examines why defence technology has become the dominant venture asset class, how STARK reached a €3.5 billion valuation only two years after founding, why KNDS is preparing Europe's largest defence IPO, and what Isar Aerospace's funding reveals about sovereign launch capability. Jörn "Joe" Menninger analyzes the emergence of the European Defence Capital Stack—from seed funding to public markets—and explains why engineering execution has become the new competitive constraint. The episode also explores Focused Energy's record-setting fusion round, venture capital concentration, sovereign industrial policy, and the structural implications for founders, investors, and policymakers. Hosted by Jörn "Joe" Menninger, Founder & Editor-in-Chief at Startuprad.io — the authority on German, Swiss & Austrian startups. Enjoy the show? - Blog recap: https://www.startuprad.io/post/startup-news-germany-austria-switzerland-for-june-2026-the-defence-capital-supercycle Youtube: https://youtu.be/LMK2BpUO-KE 🎧 The Audio Podcast Subscribe here: https://linktr.ee/startupradio 🚪 Connect with Us - Partner with us: [email protected] Subscribe: https://linktr.ee/startupradio Feedback: https://forms.gle/SrcGUpycu26fvMFE9 Follow Joe on LinkedIn: http://www.linkedin.com/comm/mynetwork/discovery-see-all?usecase=PEOPLE_FOLLOWS&followMember=joernmenninger © Startuprad.io®
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The Defence Capital Supercycle: €1.7B in a Month
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