Dutch Defence Tech Startup Destinus Targets €200m Pre-IPO Raise Ahead of Public Markets Debut
Destinus, a Dutch defence tech startup founded in 2021, is in talks to raise approximately €200m in a pre-IPO funding round, seeking a valuation above €5bn based on forecast annual revenues of €500m. The company, which develops drones and cruise missiles, recently acquired Swiss autonomous pilot startup Daedalean for $225m to strengthen its AI and autonomous flight capabilities.