# Amsterdam-based Onodrim Industries closes a $300 million Series A at a $1.3 billion valuation to build Europe's first defence and industrial roll-up platform, backed by Lux Capital, General Catalyst, and Altimeter.
EUACC page: https://www.euacc.ai/briefing/pulse-28
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## Public content

**issue:** 28
**type:** pulse
**date range:** 10 Nov 2026
**tagline:** Amsterdam-based Onodrim Industries closes a $300 million Series A at a $1.3 billion valuation to build Europe's first defence and industrial roll-up platform, backed by Lux Capital, General Catalyst, and Altimeter.
**published at:** 2026-11-10
**sections:** 
  -     **body:** On **9 November**, Amsterdam-based **Onodrim Industries** closed a **$300 million Series A** at a **$1.3 billion valuation**, led by **Lux Capital**, with participation from **General Catalyst**, **Lakestar**, **Altimeter**, and Strike Capital.

The round follows a **$45 million seed** closed earlier this year. Onodrim's model is unusual: it acquires **controlling stakes** in established aerospace, defence, and industrial manufacturing businesses across Europe, then deploys engineering teams to modernise operations and develop new products.

New offices are opening in **Munich** and **Turin**, adding to existing operations in Amsterdam, London, and Vilnius. First acquisitions are expected in the coming months.
    **emoji:** 🛡️
    **label:** DEFENCE CONSOLIDATION
    **heading:** Onodrim Industries raises $300M Series A at $1.3B to consolidate the European defence supply chain
  -     **body:** Onodrim is the first European defence and industrial platform company to raise at this scale. The thesis: Europe's defence supply chain is fragmented, full of technically competent but capital-starved manufacturers. Institutional capital can consolidate them.

The investor roster signals conviction. **Lux Capital**, **General Catalyst**, and **Altimeter** are US institutions with large defence and hard-tech portfolios. Their participation confirms that consolidating Europe's sovereign industrial base is now a credible institutional venture thesis, not a niche trade.

**For founders:** If you run an established aerospace or industrial business, Onodrim is now a well-capitalised acquirer in the market. If you build adjacent software, automation, or engineering tooling for the defence supply chain, the consolidation wave creates customers at scale.
    **emoji:** 💡
    **label:** WHY IT MATTERS
    **heading:** The European defence roll-up thesis reaches venture scale

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