Spotify’s Daniel Ek just led a €600 million investment in Helsing, a four-year-old, Munich-based defense tech company that is now valued at €12 billion, according to the Financial Times. The deal makes it one of Europe’s most valuable privately held companies; it also highlights Europe’s scramble to build its own military muscle as the world grows messier and the U.S. turns inward.
Spotify’s Daniel Ek just led a €600 million investment in Helsing, a four-year-old, Munich-based defense tech company that is now valued at €12 billion, according to the Financial Times. The deal makes it one of Europe’s most valuable privately held companies; it also highlights Europe’s scramble to build its own military muscle as the world grows messier and the U.S. turns inward.
Leave a comment