Funding round
Helsing Series D
Helsing, which works in AI-Enabled autonomous system development in Munich, raised $690M in a Series D round announced on 17 Jun 2025, led by Prima Materia, at a $16.30B post-money valuation. 7 firms took part, 5 of them already investors. It is Helsing's third venture round on record; the one before was a Series C in Jul 2024.
$690M
Amount raised
600,000,000 EUR converted
$16.30B
Post-money valuation
$15.61B pre-money
7
Investors
1 lead
3.0x
Step-up from the Series C
$5.40B in Jul 2024
4.2%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Helsing at $16.30B after the new money, 3.0 times the $5.40B of its Series C (Jul 2024). The $690M bought investors about 4.2% of the company. It came 11 months after Helsing's Series C. It is 22% of the $3.20B Helsing has raised in the venture rounds on record. Helsing raised again 13 months later: a Series E round of $1.80B in Jul 2026, at $18.00B post-money.
Helsing's funding rounds
Helsing has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Prima Materia led the round with 6 other firms. Lightspeed Venture Partners, Accel, Plural and General Catalyst and 1 more had backed Helsing before.
Lead investor
- backs 2 venture-backed companies new investor
Also in the round
- Lightspeed Venture Partners backs 454 venture-backed companies existing investor
- Accel backs 581 venture-backed companies existing investor
- backs 31 venture-backed companies existing investor
- General Catalyst backs 574 venture-backed companies existing investor
- SAAB existing investor
- BDT & MSD Partners backs 25 venture-backed companies new investor
Comparable rounds
How it compares
13 Series D rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $250M, and this round was 2.8 times the median. The closest in time, other companies' Series D rounds in Aerospace and Defence:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Aerospace and Defence | 3 Apr 2025 | $21M | not disclosed | Florintee Advisors and Tenacity Ventures |
| Stoke Space Aerospace and Defence | 23 Sep 2025 | $510M | not disclosed | not named |
| Epirus Aerospace and Defence | 4 Mar 2025 | $250M | not disclosed | 8VC and Washington Harbour |
| Apex Aerospace and Defence | 12 Sep 2025 | $200M | $1.00B | Interlagos |
| CHAOS Industries Aerospace and Defence | 13 Nov 2025 | $510M | $4.50B | Valor |
| Aerospace and Defence | 31 Jan 2025 | $29M | not disclosed | UK Government |
| Aerospace and Defence | 22 Jan 2026 | $53M | not disclosed | Azimut Group |
| Aerospace and Defence | 20 Jan 2026 | undisclosed | not disclosed | not named |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Helsing raise in its Series D round?
Helsing raised $690M in its Series D round, announced in Jun 2025.
Who led Helsing's Series D round?
Prima Materia led it, with Lightspeed Venture Partners, Accel, Plural, General Catalyst and SAAB and 1 more.
What was Helsing's valuation at the Series D round?
$16.30B post-money ($15.61B pre-money).
How does it compare with other Series D rounds in Aerospace and Defence?
13 Series D rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $250M, and this round was 2.8 times the median.
Did Helsing raise again after this round?
Yes: a Series E round in Jul 2026 of $1.80B at $18.00B post-money.