The Next WebAna-Maria Stanciuc
Hypersonica raises €100M to build hypersonic missiles for Europe
British-German defence startup Hypersonica has raised €100m in a Series B round to accelerate development of its hypersonic missile system. The weapons travel at more than five times the speed of sound, making them difficult to intercept.
US investors Lightspeed and General Catalyst co-led the round, the company announced today, and existing investors Plural and 201 Ventures also joined the round.
The deal values Hypersonica at around €700m, the Financial Times reported, citing people familiar with the matter. Yet, the company has not disclosed its valuation, but Hypersonica has now raised around €126M in total, including a €23.3M Series A completed in February.
Founded by chief executive Philipp Kerth and chief technology officer Marc Ewenz, both of whom completed their doctorates at Oxford, the company is headquartered in…
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