Denmark participates in TEKEVER´s USD 580 M Series D funding round
Defence News Europe - Denmark participates in TEKEVER´s USD 580 Million Series D funding round through Denmark’s Export and Investment Fund (EIFO). This new investment increases the valuation of TEKEVER to reach USD 6.4 billion. Denmark’s Export and Investment Fund´s investment in Portuguese drone company TEKEVER builds on its existing ties with Denmark and comes at a time when the Portuguese Defence company is preparing to establish its first operational presence in the Nordic region, in Odense. With the support of the Odense Municipality and its local partners, TEKEVER is developing a platform to work with customers and partners across the Nordic region.
Portuguese Unicorn TEKEVER initially started raising a USD 580 million Series D investment round in September 2026, that was led by University of California Investments, marking UC Investments’ first direct investment in Europe, with the participation of Baillie Gifford, Merlyn Advisors, Crescent Cove Advisors LP, Ventura Capital and Iberis Capital.
“EIFO is supporting the continued growth of Tekever and bringing a leading European defense company closer to Denmark ” - Peder Lundquist, CEO of EIFO.
Denmark´s strengths in drone testing, robotics and research provide a strong foundation for collaboration between Portuguese drone company TEKEVER and Danish companies and research institutions. This new milestone provides opportunities to advance Portugal-Denmark technology development and increase Danish industrial participation in the European Defence sector. Over time, TEKEVER aims to contribute to the sovereign industrial and technological capabilities of Denmarks and of the wider Nordic region.
Portuguese drone company TEKEVER has a European network covering Portugal, the United Kingdom, France, Estonia, and Germany, where it opened a center in Munich in October, as well as a presence in Ukraine and in the United States. TEKEVER secured its largest contract with the British Army for an amount of over £400 million in August 2026.
