Onodrim Industries

Defense Tech · Industrial · Venture Capital

Funding

Onodrim raises $300M Series A to roll up Europe's defence suppliers

The Palantir-founded firm buys controlling stakes in established factories instead of building new startups from scratch.

• Amsterdam-based Onodrim Industries raised a $300M Series A led by Lux Capital, valuing the company at $1.3 billion.
• Onodrim takes controlling, permanent-capital stakes in established aerospace, defence and industrial manufacturers, then adds tech, engineers and sales support rather than flipping them for a sale.
• Co-founders Aistis Šimaitis (CEO) and Alexander Blessing (CTO) are both Palantir alumni; Christian Garrett, a partner at 137 Ventures, is the third co-founder.
• The round comes nine months after Onodrim's roughly $45M seed round in February 2026, backed by Founders Fund, General Catalyst and Lakestar.
• Onodrim expects to announce its first acquisitions in the coming months and is opening new offices in Munich and Turin alongside existing sites in Amsterdam, London and Vilnius.
• The company targets dual-use suppliers that sell to both civilian and military buyers, aiming to unblock bottlenecks in Europe's fragmented defence supply chain.
• The deal reflects a growing bet that rolling up Europe's under-capitalized, founder-led industrial firms can scale defence production faster than building new prime contractors from zero.