Onodrim Industries Raises $300 Million and Becomes a Unicorn

The European technology company Onodrim Industries has raised $300 million in a Series A funding round, reaching a valuation of $1.3 billion. The company plans to use the capital to acquire established businesses in the defense, aerospace, and manufacturing industries and further develop their technology. Investors include Lux Capital, General Catalyst, and Lakestar.

The European technology and industrial company Onodrim Industries has closed a Series A funding round totaling $300 million. The round was led by the U.S. venture capital firm Lux Capital. Other investors include General Catalyst, Lakestar, Altimeter, Strike Capital, 137 Ventures, 8090, and Expeditions.

According to the company, this funding brings its valuation to $1.3 billion, making it one of Europe’s unicorns. Onodrim had already announced a funding round of more than $45 million in early 2026.

Unlike traditional tech startups, Onodrim does not focus exclusively on developing its own products. The company pursues an investment strategy in which it acquires established industrial companies and further develops them through additional investments, technological modernization, and operational support.

The focus is on companies in the aerospace, defense, and industrial manufacturing sectors. Of particular interest are companies whose technologies can be used for both civilian and military applications. These so-called dual-use companies play an important role within European supply chains.

Acquisitions and Technological Modernization Planned

Onodrim intends to use the capital raised to make targeted investments in companies that possess industrial expertise, existing customer relationships, and established production capacities, but whose growth is constrained by limited resources or outdated technical infrastructure.

In addition to financial resources, Onodrim provides its portfolio companies with specialized engineering teams and management expertise. Among other things, these teams are tasked with modernizing manufacturing processes, developing new products, and streamlining operational workflows.

The goal is to expand the production capacities of the acquired companies and enable them to handle larger orders. At the same time, the aim is to reduce industrial bottlenecks within the European defense industry.

There are many outstanding companies in Europe, but they often lack the necessary resources to grow as quickly and strongly as is currently required.

Aistis Šimaitis, co-founder and CEO of Onodrim

The business model thus combines elements of traditional corporate investments with the technological approach of a software company. Onodrim focuses on long-term investments and close collaboration with the acquired companies.

Founders with Palantir Experience Drive Expansion

Behind Onodrim are several founders with experience in the technology industry and the investment sector. CEO Aistis Šimaitis previously held a senior technology role at Palantir Technologies and advised the Lithuanian government. He earned his Ph.D. from the University of Oxford.

Co-founder and CTO Alexander Blessing also worked at Palantir as a Forward Deployed Engineer and studied at Stanford University and the University of Cambridge. The founding team also includes Christian Garrett, a partner at 137 Ventures.

In the coming months, Onodrim plans to announce its first acquisitions. At the same time, the company is expanding its European presence. Offices in Munich and Turin will be added to its existing locations in Amsterdam, London, and Vilnius.

We welcome inquiries from business owners in the defense industry, aerospace, manufacturing, and other industrial sectors who share this goal. We are also seeking outstanding engineers and experienced operational professionals who want to help shape Europe’s industrial future.

Alex Blessing, CTO of Onodrim Industries

Investors see the business model as an opportunity to combine existing industrial structures with modern technologies. General Catalyst specifically highlights the importance of established companies that already possess production expertise and customer relationships but require additional technological capabilities.

With this new funding, Onodrim has substantial resources at its disposal for the planned establishment of a European industrial group. The key to further development will be which companies are acquired and whether the targeted increases in productivity and capacity can be achieved in practice.