今年欧洲国防初创企业筹集了创纪录的资金，首次转向美国投资者而非本地基金寻求更多支持。
European defense startups raised a record amount of capital this year, turning to US investors more than local funds for the first time.
根据数据提供商Dealroom和Resilience Media周一发布的一份报告，截至今年以来，欧洲国防技术公司的风险投资达到74亿美元，几乎是2025年全年总额的三倍。
Venture capital investments in Europe’s defense technology companies reached $7.4 billion for the year to date, nearly three times the 2025 annual total, according to a report published Monday by data provider Dealroom and Resilience Media.
随着整个大陆的政府因面临来自俄罗斯的日益加剧的威胁而增加军事预算，国防已成为欧洲的一个蓬勃发展的行业。资金的激增助推了大量新公司的涌现，这些公司制造无人机、间谍卫星和其他战场技术，以与老牌承包商竞争。
Defense is a booming industry in Europe after governments across the continent increased military budgets in the face of intensifying threats from Russia. The burst of funding has helped fuel a flurry of new companies building drones, spy satellites and other battlefield tech to compete with established contractors.
当Dealroom于2020年开始追踪该领域的投资时，这些初创企业主要从国内支持者那里筹集资金。然而，美国投资者的活动激增，截至今年以来，美国人提供了47%的资金。欧洲投资者占44%。最活跃的美国风险投资方包括泰瑟枪制造商Axon Enterprise Inc.、Accel、Founders Fund、Y Combinator、General Catalyst和Lightspeed Venture Partners。
When Dealroom began tracking investment in the sector in 2020, these startups primarily raised funds from domestic backers. However, US investor activity has soared, with Americans providing 47% of the funding this year to date. European investors accounted for 44%. The most active US venture investors include Taser-maker Axon Enterprise Inc., Accel, Founders Fund, Y Combinator, General Catalyst and Lightspeed Venture Partners.
几位欧洲官员对外资拥有欧洲国防产业表示担忧。一些本地企业家反驳称，疲软的资本市场和对武器投资的限制迫使他们到海外寻找资金。
Several European officials have raised concerns about foreign ownership in the continent’s defense industry. Some local entrepreneurs counter that weak capital markets and restrictions on investing in weapons force them to look abroad for funds.
随着行业扩张，欧洲的投资者基础正在扩大。Dealroom报告估计，今年有455名国防技术投资者参与了至少一笔交易，是2023年的两倍。
As the industry expands, Europe’s investing base is widening. The Dealroom report estimates that there were 455 defense tech investors active in at least one deal this year, double the amount in 2023.
欧洲风投公司Lakestar的创始人Klaus Hommels在一份声明中表示：“欧洲的军事领导人已向我们明确表示：如果我们想在欧洲建立并保留关键国防能力，我们也需要主权的欧洲融资。”
“Europe’s military leaders have been clear with us: if we want to build and retain critical defense capabilities in Europe, we also need sovereign European financing,” Klaus Hommels, founder of European VC firm Lakestar, said in a statement.
据报告称，今年欧洲国防初创企业的融资中，约40%来自两笔针对德国无人机制造商的交易。7月，量子系统（Quantum Systems）从包括黑石集团（Blackstone Inc.）在内的投资者处融资12亿美元。当月晚些时候，赫尔辛（Helsing）宣布完成18亿美元融资，投资方包括总部位于加利福尼亚州的Dragoneer Investment Group LLC。
About 40% of Europe’s defense startup financing this year came from two deals for German dronemakers, according to the report. Quantum Systems raised $1.2 billion from investors including Blackstone Inc. in July. Later that month, Helsing announced a $1.8 billion round that included California-based Dragoneer Investment Group LLC.