Funding round
Helsing Series C
Helsing, which works in AI-Enabled autonomous system development in Munich, raised $487M in a Series C round announced on 11 Jul 2024, led by General Catalyst, at a $5.40B post-money valuation. 7 firms took part. It is Helsing's second venture round on record; the one before was a Series B in Sep 2023.
$487M
Amount raised
$5.40B
Post-money valuation
$4.91B pre-money
7
Investors
1 lead
3.0x
Step-up from the Series B
$1.82B in Sep 2023
9.0%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Helsing at $5.40B after the new money, 3.0 times the $1.82B of its Series B (Sep 2023). The $487M bought investors about 9.0% of the company. It came 10 months after Helsing's Series B. It is 15% of the $3.20B Helsing has raised in the venture rounds on record. Helsing raised again 11 months later: a Series D round of $690M in Jun 2025, at $16.30B post-money.
Helsing's funding rounds
Helsing has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
General Catalyst led the round with 6 other firms.
Lead investor
- General Catalyst backs 574 venture-backed companies new investor
Also in the round
- Accel backs 581 venture-backed companies new investor
- Lightspeed Venture Partners backs 454 venture-backed companies new investor
- Greenoaks backs 77 venture-backed companies new investor
- backs 31 venture-backed companies new investor
- backs 2 venture-backed companies new investor
- Saab AB new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
15 Series C rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $200M, and this round was 2.4 times the median. The closest in time, other companies' Series C rounds in Aerospace and Defence:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Aerospace and Defence | 27 Sep 2024 | $166M | not disclosed | Marubeni Corporation |
| Aerospace and Defence | 17 Sep 2024 | undisclosed | not disclosed | Mawarid Holding Company |
| Stoke Space Aerospace and Defence | 15 Jan 2025 | $260M | not disclosed | not named |
| Aerospace and Defence | 14 Jan 2025 | $170M | not disclosed | Tikehau Capital and AXIAL PARTNERS |
| Aerospace and Defence | 9 Jan 2024 | $20M | not disclosed | Hanwha Asset Management |
| Aerospace and Defence | 6 Jan 2025 | undisclosed | not disclosed | Yuan Jing Capital |
| Saronic Technologies Aerospace and Defence | 18 Feb 2025 | $600M | $4.00B | Elad Gil |
| Aerospace and Defence | 3 Feb 2025 | $65M | $500M | DFJ Growth |
Sources
Where this comes from
Reported by 8 sources.
Questions
Frequently asked
How much did Helsing raise in its Series C round?
Helsing raised $487M in its Series C round, announced in Jul 2024.
Who led Helsing's Series C round?
General Catalyst led it, with Accel, Lightspeed Venture Partners, Greenoaks, Plural and Prima Materia and 1 more.
What was Helsing's valuation at the Series C round?
$5.40B post-money ($4.91B pre-money).
How does it compare with other Series C rounds in Aerospace and Defence?
15 Series C rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $200M, and this round was 2.4 times the median.
Did Helsing raise again after this round?
Yes: a Series D round in Jun 2025 of $690M at $16.30B post-money.