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Varangians
Sweden · Defense tech
Varangians invests in defence technology with a focus on Ukraine.
Product
Varangians is a Swedish investment group focused primarily on Ukrainian companies developing military and civil defence technology. Its strategy connects capital with technologies shaped by operational needs, including unmanned systems, resilient communications and electronic warfare.
The group was founded by a Swedish family office with Andreas Flodström and Pär Lager. Its early portfolio includes Norda Dynamics, Himera and Sine Engineering, supporting Ukrainian innovation and links with the wider European defence sector.
Funding history
1 round · 1 with disclosed amounts| Announced | Round | Amount | Investors |
|---|---|---|---|
| Investment vehicle close | SEK 100M | Participants not disclosed |