German Drone Startup Supplying Ukraine Raises $67 Million
- Quantum Systems raised over €100 million after Series B round
- HV Capital, DTCP led round, which was backed by Thiel Ventures
Peter Thiel
Photographer: Marco Bello/Getty ImagesA German drone company backed by Peter Thiel and operating in Ukraine since the Russian invasion raised €63.6 million ($67 million) in new funding.
Quantum Systems’ Series B round was led by HV Capital and DTCP Capital, and backed by Airbus Ventures, Thiel Ventures and Project A, the Munich-based company said in a statement on Tuesday. It comes after the startup signed a deal with the German army for its Vector reconnaissance drones.