Funding
Investment vehicle close · Defense tech

Varangians closes SEK100m to back defence technology

The Swedish investment group focuses on Ukrainian innovation.

By RoundOS Funding desk

Stockholm-based Varangians closed SEK100 million to invest in defence technology, according to a June 12, 2026 report. The group was formed by Swedish entrepreneurs alongside a Swedish family office.

Its early investments include Norda Dynamics, Himera and Sine Engineering. Varangians focuses primarily on Ukrainian military and civil defence companies, connecting investment with technologies such as autonomous systems and resilient communications.

Use of funds

Invest in Ukrainian military and civil defence technology

Funding history

Investment vehicle close · This roundSEK 100M

Sources

  1. Varangians financing announcementeu-startups.com · Jun 12, 2026

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