Over €2m · Other round · Defence, Hardware · Copenhagen, Denmark
Danish-Lithuanian drone manufacturer Monopulse has raised over €2m in funding led by Coinvest Capital, with participation from NGL Ventures, LitBAN investors and Plug and Play Ventures. BNS reporting published by LRT says the capital will expand production, fund research and development, and support entry into Scandinavia, Germany, France and the Netherlands.
The round includes €560k invested by NGL Ventures with 68 business angels, the largest syndicate the network has assembled. Monopulse founder and CEO Justas Poderys said the financing should increase manufacturing capacity and help the company deliver products on schedule. Coinvest Capital described the company's systems as already operating in NATO markets and being integrated into air-defence and infrastructure-protection systems.
Production capacity is part of the product
Monopulse builds the Falcon MK3S family for surveillance, topographic mapping and artillery support. Its Falcon ISR product combines daylight and thermal imaging with encrypted video, a five-kilometre range and a field-serviceable design; the company says the platform can fly without GPS and be repaired or upgraded by customers. It is also developing HydroHex, a hybrid platform designed to work in the air and on the surface of water.
For military and government buyers, scaling is not only a question of producing more units. Delivery timing, repairability and control over critical components affect whether a system can remain available under operational pressure. Monopulse says its 14-person engineering team keeps systems, electronics, mechanical and aerospace engineering, firmware and software in house. That structure can shorten feedback loops between field use and product revisions, but the new funding will test whether a compact team can preserve that integration while output rises.
Expansion depends on repeatable integration
The company reported 2025 revenue of €1.15m, up 1.7 times from 2024, and a €75.6k net profit, according to the filing figures cited by LRT. NGL Ventures said the technology has moved beyond prototype stage and that the order pipeline is growing. Those are useful signals for a hardware company, but entering additional NATO markets requires more than export sales: each customer may bring procurement, security, communications and system-integration requirements.
Monopulse's advantage is its focus on deployable systems rather than a single experimental capability. The Falcon line covers several mission profiles through replaceable payloads, while in-house engineering gives the company more control over adaptations. The commercial question is whether that flexibility becomes a repeatable product architecture, or turns into customer-specific engineering that slows production. The financing is aimed squarely at that constraint.
