UK air defence company Cambridge Aerospace has raised a $300m (£222m) Series C round at a $3.4bn (£2.5bn) valuation.
The round will support Cambridge Aerospace’s continued growth as the company expands manufacturing capabilities to deliver on existing and new contracts. The startup will also continue to invest in the development of existing products and bringing the next generation of capabilities to market.
The Series C was led by DFJ Growth and supported by Lux, Accel, Lakestar, Never Lift, Ora Global and Elad Gil & Co.
Since the company’s $200m (£148m) raise at a $1.3bn (£963m) valuation at Series B in April, the company has received several contracts from the UK Ministry of Defence, including to provide low-cost interceptors for the UK Armed Forces.
Two-thirds of the company’s over 250 employees work in highly skilled technical and engineering roles, while also drawing on the skills of veterans of allied armed forces.
The company, which launched in 2024, has a presence in the UK, Germany, Poland, Norway, Ukraine and Australia.
“This raise is testament to the incredible work of the entire Cambridge Aerospace team. By bringing together the best talent in the world with a singular mission to protect allied skies from threats, we have achieved a huge amount already,” says Steven Barrett, CEO at Cambridge Aerospace.
“The addition of these funds will allow us to continue to scale our manufacturing and our delivery to meet the pace of threats, and the needs of allied nations.”
