Monopulse raises over €2M for drone production and NATO expansion
Coinvest Capital leads the Danish-Lithuanian manufacturer’s investment, alongside Plug and Play Ventures and NGL’s angel syndicate.
Monopulse has raised more than €2 million in an investment led by Coinvest Capital to expand manufacturing, fund research and enter more NATO markets. Plug and Play Ventures participated, alongside NGL Ventures and individual business angels, including members of Lithuania’s LitBAN network.
NGL Ventures and a syndicate of 68 angels contributed €560,000. The new capital follows a separate €1.12 million financing announced in November 2025; that earlier amount is outside the current investment.
The manufacturer plans to expand into Germany, France and the Netherlands as well as Scandinavia. Its reconnaissance systems already serve Lithuanian and Danish armed forces, and its development work focuses on dependable operation when navigation or communications signals are disrupted.
Use of funds
Expand drone manufacturing
Research and development
Enter additional NATO markets