A dual-use 'Slack+location+payments' startup raises Seed to serve humanitarian, military scenarios
When Helsing raised a $223 million Series B round, the tech world saw it as continued confirmation that defense was unquestionably back on the investing Further confirmation comes today in the form of a $5.5 million Seed round for UK defense tech startup Labrys Technologies, led by Germany’s Project A Ventures. Also participating were MD One Ventures, Marque VC, Offset Ventures, and Expeditions Fund. The funds will be used to expand the development and R&D teams, as well as build out the commercial sales team.
Source: techcrunch.com