Onodrim raises $300 million to expand Europe’s defence suppliers
Lux Capital leads a Series A that values the industrial acquisition platform at $1.3 billion.
Onodrim Industries has raised $300 million in a Series A led by Lux Capital to acquire and expand European aerospace, defence and industrial manufacturers. The financing values the Amsterdam-based company at $1.3 billion.
General Catalyst, Lakestar, Altimeter, Strike Capital, 137 Ventures, 8090 Industries and Expeditions also participated. The round follows a $45 million seed financing announced earlier this year.
Onodrim takes controlling stakes using permanent capital, then supplies engineering, operational and business-development resources to its portfolio companies. It targets suppliers whose products and services address bottlenecks in Europe’s defence industrial base. The company expects to announce its first acquisitions in the coming months and is opening offices in Munich and Turin.
Use of funds
Acquire and expand European aerospace, defence and industrial manufacturers