Nordic Air Defence secures €1.2 mn strategic investment to further mission to ensure European resilience and autonomy - offering homegrown, international supply chain-free drone defence tech
Summary
They join existing board members, Chairman, JohanAhlberg(former senior partner at McKinsey & Company, also investing in this round), Erik Fredlund(founder of AI consulting firm, Codon), and Nordic Air Defence co-founder, Gustav Wiberg(co-founder of Katla Aero).This represents Oslo-based SN\xd6 Ventures first defence tech investment, having previously invested in some of the regions most innovative startups, including IntuiCell, PortalOne, Speechly (acquired by Roblox), and chess World Champion Magnus Carlsens latest company, Take Take Take.Emerging from stealth mode in September 2024, Nordic Air Defence unveiled its first product: the Kreuger 100 dual-use (civil and military) drone interceptor platform. It is also battery-powered and extremely lightweight for optimum portability.Karl Rosander, CEO and founder of Nordic Air Defencesays: In the weeks since we emerged from stealth mode, the enthusiasm for our product has allowed us to close a strategic round and secure the support of a group of world class innovators and sector experts: a significant achievement for a company at our early stage. The urgency around the need to create COVID vaccines, which necessitated rapid public sector and private collaboration and innovation, breaking established rules, must be applied to European defence tech. Nordic Air Defence is here to change the paradigm.The nature of drone conflict is rapidly evolving, and traditional jammers and kinetic technology, as well as being expensive to produce, are becoming obsolete against modern threats. Max Samuel, Partner at SN\xd6 Venturescomments: The established defence primes have built a system of bloated costs and stunted innovation, leaving Europe dependent on foreign technology and inefficient incumbents.