Destinus is raising €200M ahead of an IPO. The cruise missile maker wants a €5B valuation.

Destinus is raising €200M ahead of an IPO. The cruise missile maker wants a €5B valuation.

Destinus, the Netherlands-headquartered defence startup that manufactures cruise missiles and autonomous drones, is in talks to raise approximately €200 million ahead of a planned initial public offering, Bloomberg reported on Friday, citing people familiar with the matter. The company is seeking a valuation north of €5 billion based on forecast annual revenues of roughly €500 […] This story continues at The Next Web

Europe's answer to Anduril: Destinus seeks €200M at €5B valuation as Europe's defence tech race heats up

Swiss-founded defence startup Destinus is seeking around €200 million ahead of a potential Amsterdam IPO The company is targeting a valuation above €5 billion, backed by projected annual revenue of roughly €500 million Destinus develops drones, cruise missiles, loitering munitions, and interceptor systems TFN has learnt on background that European defence startup Destinus is in discussions to raise around €200 million as it prepares for a poss…