In Defense Tech, Lithuania’s Sovereign VC Fund Is One Step Ahead
Lithuania's Coinvest Capital is leading the charge in defense technology investments, committing a significant portion of its GDP to military spending and supporting local startups in the sector. With a focus on innovation, the fund has invested approximately €6.8 million into defense and dual-use startups since its inception, emphasizing co-creation with business angels and other VCs. The urgency for defense investment stems from Lithuania's historical context of Soviet occupation, making the mission deeply personal for leaders like managing partner Viktorija Trimbel.
- This proactive approach by a small nation highlights the potential for defense startups to thrive in regions historically overshadowed by larger economies, showcasing how local narratives can drive investment strategies.
- As European countries increasingly prioritize defense spending, what unique challenges and opportunities will arise for startups in this sector compared to more established military contractors?