The most active defence startup investors
90 investors hold three or more defence startups each, 310 portfolio startups in all. The most active here are Y Combinator (38), Techstars (26) and General Catalyst (16). 21 of them are accelerators.
Investors backing startups worldwide
| Investor | Startups here | Portfolio rounds, 12 mo | Latest activity |
|---|---|---|---|
| 38 | 256 | Oct 2026 | |
| 26 | 98 | Nov 2026 | |
| 16 | 122 | Nov 2026 | |
| 12 | 152 | Nov 2026 | |
| 10 | 101 | Nov 2026 | |
| 10 | 83 | Oct 2026 | |
| 10 | 54 | Oct 2026 | |
| 9 | 10 | Nov 2026 | |
| 8 | 69 | Oct 2026 | |
| 88VCAccelerator · Anduril Industries, Overland AI, Saronic Technologies | 8 | 42 | Oct 2026 |
| 8 | 16 | Oct 2026 | |
| 8 | 8 | May 2026 | |
| 7 | 84 | Nov 2026 | |
| 7 | 62 | Nov 2026 | |
| 7 | 21 | Sep 2026 | |
| 7 | 8 | Sep 2026 | |
| 6 | 47 | Nov 2026 | |
| 6 | 37 | Oct 2026 | |
| 6 | 13 | Oct 2026 | |
| 6 | – | – | |
| 5 | 92 | Nov 2026 | |
| 5 | 36 | Nov 2026 | |
| 5 | 30 | Oct 2026 | |
| 5 | 19 | Oct 2026 | |
| 5 | 2 | Aug 2026 | |
| 5 | – | – | |
| 5 | – | Jun 2021 | |
| 4 | 82 | Nov 2026 | |
| 4 | 80 | Oct 2026 | |
| 4 | 47 | Nov 2026 | |
| 4 | 36 | Nov 2026 | |
| 4 | 35 | Oct 2026 | |
| VValueAdd VCVenture capital · Anduril Industries, Helsing, Twenty | 4 | 30 | Nov 2026 |
| 77percent VenturesVenture capital · Castelion, Cambridge Aerospace, ThinkOrbital | 4 | 21 | Oct 2026 |
| 4 | 20 | Oct 2026 | |
| 4 | 19 | Nov 2026 | |
| 4 | 18 | Aug 2026 | |
| 4 | 14 | Oct 2026 | |
| 4 | 13 | Oct 2026 | |
| 4 | 13 | Nov 2026 |
The most backed startups worldwide
| Startup | Investors in this list |
|---|---|
| 15 | |
| 12 | |
| 8 | |
| 7 | |
| 6 | |
| 6 | |
| 6 | |
| 5 | |
| 5 | |
| 5 | |
| 5 | |
| 5 | |
| 4 | |
| 4 | |
| 4 |
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Questions
Who invests in defence startups?
90 investors hold three or more defence startups each, 310 portfolio startups in all. The most active here are Y Combinator (38), Techstars (26) and General Catalyst (16). 21 of them are accelerators.
How is this list built?
From what each investor holds: the portfolio page it publishes, the Y Combinator directory and the announced rounds that name it. An investor counts for a sector when at least three of its portfolio companies are based there; the list is rebuilt every night from 2,417 portfolios.
