NATO Innovation Fund

Activity from announced rounds

Activity in this selectionOct 24, 2026 · Hardware · Jan 1, 2026
Rounds participated in
3
Confirmed lead rounds
2
1 roles undisclosed
New companies
3
First participation on record · 0 follow-on
Funding in participating rounds
$37.2M
3 disclosed · full round size, not this investor’s share

By stage

Series A2
Seed1

By primary sector

Defense tech2
Industrial tech1

By country

Finland1
Iceland1
Sweden1

Rounds

3 in this selection
TERASi

TERASi develops millimetre-wave wireless communications hardware for defence and security teams operating where conventional infrastructure or satellite links may be unavailable.

€11MSeed
Lead
Laki Power

Laki Power makes line-powered monitoring stations and analytics for electric utilities and transmission operators. The units harvest power from overhead conductors and combine cameras, sensors, onboard processing and communications to spot grid, weather and security risks remotely.

€6MSeries A
Lead
Kelluu

Designs and operates autonomous hydrogen-powered airships for persistent aerial ISR and monitoring

€15MSeries A
Role not disclosed