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Hypersonica's €100M Series B: €126M raised in total, first test flight in February

Hypersonica's €100M Series B: €126M raised in total, first test flight in February — Newsmesis editorial illustration
— Newsmesis illustration

What happened

Hypersonica, a British-German defence startup headquartered in Wessling near Munich, raised €100 million in a Series B round co-led by US investors Lightspeed and General Catalyst. Existing investors Plural and 201 Ventures also took part, bringing total funding to about €126 million, per The Next Web. The company has completed one test flight, in Norway in February, and targets 2029 for deploying its long-range system. It has not disclosed a valuation; the Financial Times, as relayed by The Next Web, reported it at around €700 million.

What we know

The Next Webthenextweb.comEU-Startupseu-startups.comTech.eutech.eu
  • Lightspeed and General Catalyst co-led the €100 million Series B, with Plural and 201 Ventures participating, per The Next Web, EU-Startups and Tech.eu.
  • Total funding is about €126 million, including a €23.3 million Series A completed in February, per The Next Web.
  • The first test flight took place at the Andøya Space site in northern Norway in February, per The Next Web.
  • The company targets 2029 for deploying its long-range system and says the money will fund more test flights and hundreds of engineering and manufacturing jobs in the UK and Germany, per The Next Web.
  • Hypersonica is involved in the UK-German Deep Precision Strike programme under the Trinity House Agreement; the company says the UK has allocated £770 million over four years to it, per The Next Web.

What we don't know yet

  • The valuation is unconfirmed: it comes from the Financial Times citing people familiar with the matter, relayed second-hand by The Next Web, and the company has not disclosed it.
  • The claim that the company's development approach cuts costs by more than 80% versus traditional methods is the company's own and has no independent verification in the sources.
  • The sources do not say how many test flights have succeeded, or whether the system has reached hypersonic speed in flight.
  • The size of Hypersonica's role in the Deep Precision Strike programme, and any contract value, are not stated.

Why it matters

European governments are funding long-range strike capability through programmes such as the UK-German Deep Precision Strike effort, and US venture firms are now backing startups that compete for that work. A 2029 deployment target leaves about three years to move from one test flight to a fielded system.

Claims

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Why you can trust this story

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Verification ledger · 6

  • Claim: Hypersonica raised €100 million in a Series B round co-led by Lightspeed and General Catalyst.
    Status: ConfirmedVerification trailVerifiedChecked by verification engine

    At least one checkable detail was matched against the full text of the cited source.

  • Claim: Hypersonica has raised about €126 million in total, including a €23.3 million Series A completed in February.
    Status: ConfirmedVerification trailVerifiedChecked by verification engine

    At least one checkable detail was matched against the full text of the cited source.

  • Claim: Hypersonica completed its first test flight from the Andøya Space site in Norway in February.
    Status: ConfirmedVerification trailVerifiedChecked by verification engine

    At least one checkable detail was matched against the full text of the cited source.

  • Claim: Hypersonica targets 2029 for deploying its long-range system.
    Status: ConfirmedVerification trailVerifiedChecked by verification engine

    At least one checkable detail was matched against the full text of the cited source.

  • Claim: The Series B values Hypersonica at around €700 million.
    Status: UnconfirmedVerification trailUnverifiedChecked by verification engine

    No automated check against the source text is available.

  • Claim: Hypersonica's development approach cuts costs by more than 80% compared with traditional methods.
    Status: UnconfirmedVerification trailUnverifiedChecked by verification engine

    No automated check against the source text is available.

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