Hypersonica raises €100 million for European hypersonic missile development
The British-German startup is targeting deployment in 2029 and expects the funding to create hundreds of jobs in the UK and Germany.
Hypersonica said it has secured €100 million in Series B financing to advance its hypersonic missile system, with US firms Lightspeed and General Catalyst jointly leading the investment. Plural and 201 Ventures, which had previously backed the British-German defense startup, also participated.
The company intends to put the money toward faster development, additional flight tests and European expansion. It expects hundreds of engineering and manufacturing positions to be created in Germany and the UK through the investment.
Deployment of the long-range system is planned for 2029. Hypersonica conducted its first flight test in February at Andøya Space in northern Norway. Hypersonic weapons exceed five times the speed of sound, making interception difficult.
The Financial Times, citing people with knowledge of the transaction, reported a valuation of around €700 million. Hypersonica has not made its valuation public. Its cumulative funding is now around €126 million, including €23.3 million raised through a Series A in February.
Based in Wessling near Munich and operating a London subsidiary, Hypersonica also participates in the UK-German Deep Precision Strike programme under the Trinity House Agreement. According to the company, the UK has committed £770 million to that programme over four years.
