Private Valuation & Funding Round Tracker · Helsing

Helsing funding rounds & valuation history

Name: Helsing Funding Rounds & Valuation History
Creator: growthnavigatefunding.net

Helsing, the Munich-based European defence AI and drone company, from its 2021 Series A to the 2026 Series E at US$18B, sourced to Helsing’s own announcements, TechCrunch, CNBC, Defense News, Sifted and Tech.eu. Euro rounds are shown in euros and the 2026 round in US dollars, as announced; nothing is converted.

Last updated: 13 Nov 2026 (IST). Every figure re-checked against the linked sources that day. Rows: 5 Currency: € (euro), nominal, as reported; the July 2026 Series E was announced in US$ and is shown in US$ (not converted)

⬇ Download CSV Cite this dataset Methodology & status definitions

Last closed round Closed

US$18B

US$1.8B (US$) Series E (US$), 13 Jul 2026 (Helsing)

Total raised

€1.36B + US$1.8B

€102.5M + €209M + €450M + €600M (GNF calc.), plus the US$1.8B Series E; currencies not combined or converted

Round history

Newest first. Dashed badges and striped rows are not closed transactions. “—” means the source does not disclose the figure or it cannot be computed on the same basis; see the note in each row.

Helsing funding rounds, November 2021 to July 2026
Date	Status	Round	Amount	Lead / buyer	Valuation	Val. ÷ run-rate	Source
13 Jul 2026	Closed round	Series E (US$)Announced in US dollars: US$1.8B at US$18B (Helsing, CNBC). The EUR numeric cells are empty because no euro figure was reported and the page does not convert currencies. Not plotted on the euro chart.	US$1.8B (US$)Announced in US$ only; EUR cells left empty, not converted	No single lead namedInvestors: Dragoneer, Lightspeed, Disruptive, Iconiq, Goldman Sachs Alternatives, JPMorganChase, CPP Investments, General Catalyst, Plural, Stepstone	US$18B (US$)Stated by Helsing (“valuing the company at US$18bn”), in US$; pre- or post-money not stated; not converted to euros	—Not disclosedNo run-rate stated in the announcement	Helsing, 13 Jul 2026Also: CNBC, 13 Jul 2026, Defense News, 13 Jul 2026
17 Jun 2025	Closed round	Series DHelsing: the round “is subject to certain approvals”. Prima Materia is the investment company of Spotify co-founder Daniel Ek, Helsing’s co-chairman.	€600M	Prima MateriaWith: Lightspeed, Accel, Plural, General Catalyst, Saab (existing); BDT & MSD Partners (new)	€12BReported: first by the Financial Times, “confirmed separately by TechCrunch”; not stated in Helsing’s release	—Not disclosedNo run-rate stated in the announcement	Helsing, 17 Jun 2025Also: TechCrunch, 17 Jun 2025, Tech.eu, 17 Jun 2025
11 Jul 2024	Closed round	Series CHelsing: the round was “subject to government approval”.	€450M	General CatalystWith: Elad Gil, Accel, Saab, Lightspeed, Plural, Greenoaks	About €4.95BReported: “in the region of €4.95 billion”, per a source to Bloomberg (TechCrunch); Helsing “declined to comment on matters of valuation”	—Not disclosedNo run-rate stated in the announcement	Helsing, 11 Jul 2024Also: TechCrunch, 11 Jul 2024, Sifted, 11 Jul 2024
14 Sep 2023	Closed round	Series BTechCrunch adds that post-money “would put that figure at over €1.7 billion”. Pre-money basis, so no step-ups are computed on this page.	€209M	General CatalystWith: Saab (strategic investor)	€1.5B pre-money (reported)Pre-money, reported by TechCrunch (“The pre-money valuation for Helsing was said to be €1.5 billion”); not stated by Helsing	—Not disclosedNo run-rate stated in the announcement	Helsing, 14 Sep 2023Also: TechCrunch, 14 Sep 2023
9 Nov 2021	Closed round	Series AAmount per Helsing’s 2023 release (“a previous Series A (€102.5m) led by Prima Materia”).	€102.5MTechCrunch headline at the time: €100M	Prima Materia	—Not disclosedNo valuation disclosed	—Not disclosedNo run-rate stated in the announcement	Helsing, 14 Sep 2023Also: TechCrunch, 9 Nov 2021

No step-ups: the Series B figure is pre-money, and the 2026 Series E is in US$, so no like-for-like ratio exists. Euro rows in €, the Series E in US$ as announced.

Valuation at each closed round (€)

Euro valuations at closed rounds (Series B pre-money, Series C and D reported). The July 2026 Series E (US$18B, announced in US$) is not plotted; it is not converted.

Series BSep 2023€1.5B (pre-money)
Series CJul 2024~€4.95B
Series DJun 2025€12B

Sources: Helsing; CNBC; Defense News; TechCrunch; Tech.eu; Sifted. € billions, linear scale.

Timeline

Each round and share sale, oldest first.

9 Nov 2021 · Closed
Series A: €102.5M, led by Prima Materia.
14 Sep 2023 · Closed
Series B: €209M at €1.5B pre-money (reported), led by General Catalyst.
11 Jul 2024 · Closed
Series C: €450M at About €4.95B, led by General Catalyst.
17 Jun 2025 · Closed
Series D: €600M at €12B, led by Prima Materia.
13 Jul 2026 · Closed
Series E (US$): US$1.8B (US$) at US$18B (US$).

Still private: Helsing has not filed for an IPO and is not owned by a listed company; it says it “remains predominantly European-owned” after the Series E (Helsing). Saab is a strategic minority investor.

Cite this dataset

Free to quote with a link back. Copy this citation:

Helsing Funding Rounds & Valuation History. Private Valuation & Funding Round Tracker, GrowthNavigateFunding.net, updated 13 Nov 2026. https://growthnavigatefunding.net/funding/helsing/

Download the data

The same 5 rows as the table: numeric euro (EUR) columns, empty cells where a figure is not disclosed, and a source URL for every row.

File: helsing-rounds.csv (UTF-8, comma-separated)
Stable URL: https://growthnavigatefunding.net/wp-content/uploads/2026/11/helsing-rounds.csv
Columns: id, date, date_precision, status, transaction_type, round, amount_eur_low, amount_eur_high, lead_or_buyer, co_leads, valuation_eur_low, valuation_eur_high, valuation_basis, valuation_to_run_rate_multiple, multiple_bound, multiple_basis, step_up_vs_prior_closed, price_per_share_eur_low, price_per_share_eur_high, shares, source, source_url, other_source_urls, notes, last_updated
Updated: 13 Nov 2026 (IST)

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Methodology & status definitions

How each row is labelled and calculated.

Closed round

A primary round announced by the company or confirmed in the press, bringing new money to the company.

Valuation ÷ run-rate

Post-money valuation ÷ the run-rate the company stated in that announcement (GNF calc.). Where the run-rate is “crossed” or “over” a figure, the multiple is shown as “under X×”. No row qualifies here unless shown, so no multiple is invented.

What is not a separate row

Helsing’s own investments and acquisitions (including its 2026 stake in Destinus), government contracts, and secondary-market or aggregator valuation estimates.

Updates & corrections

This page stays at one address and is updated in place; the “Last updated” date above drives the citation and the dataset metadata. Corrections: hello@growthnavigatefunding.net. Informational only; not investment advice.

Changelog

13 Nov 2026: Dataset first compiled (batch 3, not yet published).

Helsing Funding Rounds & Valuation History (2021–2026)