Hypersonica raises €100m to develop European hypersonic missiles

British-German defence company Hypersonica raised €100 million in a Series B funding round co-led by Lightspeed and General Catalyst to speed up the development and testing of long-range hypersonic missiles, according to tech.eu.

Existing investors Plural and 201 Ventures also participated. The round follows a €23.2 million Series A in February 2026 led by Plural with General Catalyst and 201 Ventures, bringing total disclosed funding to at least €123.2 million.

The company is headquartered in Munich with a subsidiary in London and was founded in 2023. It plans to use the funding to accelerate work on deep-strike missiles, increase testing and expand across Europe, while creating hundreds of engineering and manufacturing jobs in the UK and Germany.

The round comes under the UK-Germany Trinity House Agreement to develop long-range conventional weapons. The Financial Times reported a valuation of about €700 million, citing unnamed sources, while the company did not disclose an official valuation. Hypersonica aims to develop hypersonic deep-strike systems by 2029.

What do these terms mean?

Series B: A funding round that follows seed and Series A, usually used to scale production or enter new markets.

Hypersonic: A weapon or vehicle travelling faster than five times the speed of sound, making interception harder.

Deep strike: A military capability to hit targets far inside an adversary's territory, not only at the front line.

Valuation: The value investors place on a company. It can remain undisclosed if the company does not publish it.