Helsing, a leading European company in AI-based defence technology, has raised €600 million in capital in a Series D financing round. A Taylor Wessing team, led by Berlin partner and VC growth expert Dr Norman Röchert, provided comprehensive legal advice to General Catalyst, Lightspeed Venture Partners and Accel on all legal aspects of the transaction. The round was led by Prima Materia, alongside existing investors Lightspeed Ventures, Accel, Plural, General Catalyst and SAAB and new investors BDT & MSD Partners. The financing round is subject to certain approvals.
Founded in Munich in 2021, the Helsing develops AI-based software solutions for the defense sector and is considered a leading technology company in the field of all-domain defense innovation. With the new financing, the investors are reaffirming their confidence in Helsing's key role in developing defence technology innovations to protect European sovereignty.
General Catalyst is a global investment and transformation company that partners with the world’s most ambitious entrepreneurs to drive resilience and applied AI, which supports founders with a long-term view who challenge the status quo, partnering with them from seed to growth stage and beyond.
Lightspeed Venture Partners is a multi-stage venture capital firm focusing on supporting innovation and trends in the enterprise, consumer and healthcare sectors with an emphasis on category-defining businesses that change the way we interact today and enable a visionary tomorrow. The firm has supported hundreds of founders and helped build more than 500 extraordinary companies worldwide.
Accel is a global venture capital firm that is the first partner to exceptional teams everywhere, from inception through all phases of private company growth. For over 40 years, Accel has helped ambitious entrepreneurs build iconic global businesses.
Legal advisors to General Catalyst, Lightspeed Ventures and Accel
Taylor Wessing Germany: Lead Dr Norman Röchert (partner), Dr Armin Bartsch (salary partner), Felix Paul (professional support lawyer), all Corporate M&A/Venture Capital, Berlin; Dr Hendrik Boss (partner), Lisa Iwersen (salary partner), both Restructuring, Munich
