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Double-digit million investment brings European defence tech to Denmark

European defence technology company TEKEVER is establishing its first operational presence in the Nordics in Denmark. EIFO is investing close to 13 million euro as part of a capital raise of 500 million euro to support the company’s continued growth.

News 06. November 2026 Defense and Security Nozzles Innovative Technologies

TEKEVER's AR5-drone, Credit: TEKEVER

TEKEVER’s drone systems have completed more than 50,000 operational flight hours in Ukraine, and the company has secured long-term defence programmes in countries including Germany, the United Kingdom and Portugal. Now, the European defence technology company is set to grow further while establishing its first operational presence in the Nordics in Denmark. 

EIFO has signed a commitment to invest in TEKEVER and will join the company’s Series D at a new closing. The total financing is US$580 million at a US$6.4 billion valuation; the first close was announced on 23 September 2026. 

The establishment in Denmark puts TEKEVER close to Denmark’s ecosystem for drones, robotics, testing and research, creating new opportunities for collaboration with Danish companies and research institutions. 

Europe needs defence companies that can grow and deliver at scale. TEKEVER has already demonstrated its ability to turn advanced technology into operational solutions. With this investment, we are supporting the company’s next phase of growth while also bringing a tangible TEKEVER presence to Denmark

Peder Lundquist, CEO of EIFO

First Nordic presence in Denmark 

TEKEVER develops AI-powered autonomous drone systems for applications including surveillance and intelligence gathering. The company is now establishing its first operational presence in the Nordics in Denmark.  

 “EIFO’s commitment to join the second close of our Series D is a meaningful step in TEKEVER’s long-term engagement with Denmark and the Nordic region. The Nordic countries are vital to Europe’s sovereignty and resilience. Their industrial capacity, technological expertise and close cooperation can make an important contribution to strengthening Europe’s ability to develop and sustain the capabilities on which its security depends. We look forward to working with Danish partners in Odense and across the region, combining TEKEVER’s experience in AI-centric autonomous systems with the strengths of the Danish ecosystem”, says Ricardo Mendes, CEO of TEKEVER.  

TEKEVER's AR3-drone, Credit: TEKEVER

EIFO steps up investment in defence and security 

With its investment in TEKEVER, EIFO is bringing another international defence technology company closer to Denmark. EIFO has previously invested in companies including Saildrone and Six Robotics, which have established or are planning activities in Denmark. 

The TEKEVER investment is part of EIFO’s growing engagement in defence and security. EIFO has invested approximately 134 million euro in the sector and provided more than 67 million euro in financing for 20 companies. Its ambition is to increase annual activity from 40 million in 2024 to 400 million by 2030.