Sectors · Mobility, Space & Transport

Defense

Private financing across Defense, aggregated from public sources.

Defense is a subsector of Mobility, Space & Transport. Zoom out to read the whole macro sector $75.1B raised across 1,630 companies.

$5.7B
Capital raised
61
Companies
68
Rounds
2013
First on record
2026-03-02
Latest round

Cooling Defense drew $986.6M over the last 12 months, down 67% versus the prior 12 ($3.0B).

Capital flow over time

Quarterly capital raised across Defense.

2013-Q4 · $1.6M2013-Q42014-Q4 · $7.2M2016-Q1 · $14.9M2016-Q4 · $1.8M2016-Q42017-Q2 · $695K2017-Q3 · $15.8M2018-Q1 · $25.0M2018-Q12018-Q3 · $200K2019-Q1 · $160K2019-Q2 · $3.0M2019-Q22019-Q3 · $17.5M2019-Q4 · $1.2M2020-Q1 · $10.0M2020-Q12021-Q1 · $10.8M2021-Q2 · $4.1M2021-Q3 · $6.1M2021-Q32021-Q4 · $1.4B2022-Q1 · $34.2M2022-Q3 · $15.3M2022-Q32022-Q4 · $38.2M2023-Q1 · $6.5M2023-Q2 · $17.4M2023-Q22023-Q4 · $13.6M2024-Q1 · $35.0M2024-Q2 · $18.5M2024-Q22024-Q3 · $14.2M2024-Q4 · $299.2M2025-Q2 · $2.7B2025-Q22025-Q3 · $1.6M2025-Q4 · $383.8M2026-Q1 · $601.2M2026-Q1
Median round size by stage
StageMedian roundRounds
Growth/Late$981.1M4
Series D+$278.4M2
Series C$48.1M3
Series B$24.6M9
Series A$7.0M22
Seed$1.8M15
Pre-Seed$260K13
Top-funded companies
CompanyStageRaisedModeled value
World View Enterprises Inc.
TUCSON
Growth/Late$2.6B$30.6B
Sierra Space Corp
Louisville
Growth/Late$2.0B$5.5B
Onebrief, Inc.
HONOLULU
Series D+$491.1M$3.0B
Own Tactical Equipment I LLC
NEW YORK
Series D+$197.5M$2.1B
Binary Defense Systems, Inc.
Stow
Series B$36.4M$500.9M
Vector Defense, Inc.
DRAPER
Series C$61.1M$368.8M
CITADEL DEFENSE Co
SAN DIEGO
Series A$13.8M$334.6M
Defense Unicorns, Inc.
COLORADO SPRINGS
Series B$35.5M$309.5M
WE Alliance Tactical Holdings, LLC
ROSEVILLE
Series A$10.0M$278.8M
GP Defense Investments, LLC
MCLEAN
Series B$24.6M$161.4M
Chariot Defense, Inc.
SAN BRUNO
Series B$33.2M$148.7M
Tactical Cleaning Investors LLC
BIRMINGHAM
Seed$3.8M$131.0M
Atmo, Inc.
SAN FRANCISCO
Series B$17.6M$117.7M
In Defense Of Growth Inc
PORTSMOUTH
Seed$5.2M$105.6M
RADICL Defense, Inc.
BOULDER
Series B$33.2M$103.0M
Cyber Defense Labs, LLC
DALLAS
Series A$22.6M$96.6M
Gambit Defense, Inc.
VALLEY VILLAGE
Series A$6.5M$63.2M
Cloud Defense, Inc.
Cupertino
Seed$3.1M$49.6M
Republic Defense, Inc.
PHOENIX
Seed$2.5M$45.2M
Terra IndustriesSeries A$11.8M$36.6M
Related sectors

Browse all sectors or the full company rankings.

Frequently asked
How much venture funding has the Defense sector raised?
Companies in Defense have raised approximately $5.7B across 68 recorded financing rounds among 61 companies, aggregated from public sources.
Is Defense venture funding growing?
Defense funding is currently cooling: capital raised over the last 12 months was down 67% versus the prior 12 months.
What is the typical round size in Defense?
Median disclosed round sizes in Defense by stage are: Growth/Late $981.1M, Series D+ $278.4M, Series C $48.1M, Series B $24.6M. These are medians across recorded rounds, not averages.
Which are the most-funded Defense companies?
The most-funded Defense companies in our coverage include World View Enterprises Inc., Sierra Space Corp, Onebrief, Inc., Own Tactical Equipment I LLC, Binary Defense Systems, Inc.. See the full ranked table for disclosed capital and modeled valuations.
When did Defense funding activity begin in this data?
The earliest recorded Defense financing in our coverage dates to 2013, with the most recent round around 2026-03-02.
Defense venture funding — $5.7B raised · Provath