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504 Ukraine-focused DefenceTech fund Varangians closes €9.1 million in Stockholm

EU-Startups
David Cendon Garcia @ EU-Startups 1 place · 06/12/2026 11:33 EDT

Ukraine-focused DefenceTech fund Varangians closes €9.1 million in Stockholm

Stockholm-based Varangians, a new DefenceTech-focused investment fund co-founded by Beetroot founder Andreas Flodström, has closed at over €9.1 million (100 million kronor) to back Ukraine’s DefenceTech ecosystem. The fund has already completed investments in Ukrainian DefenceTech companies including Norda Dynamics, Himera and Sine Engineering, while a fourth portfolio company remains confidential. Varangians Co-founders Pär Lager, ...

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