Top Lithuanian Defence Startups to Watch According to Partner A. Milukas

Fund partner Audrius Milukas had an opportunity to contribute to Sifted's 10 defence startups to watch list. We are happy and proud that Lithuania has very promising startups emerging within the defense industry🔍

Big thanks for the commitment and all the hard work to everyone:
Laurynas Šatas at Aktyvus Photonics;
Jonas Steikunas at Unmanned Defense Systems;
Laurynas Mačiulis at Astrolight;
Marius Klimavičius at Blackswan Space and the rest of the teams!

💡We are also glad to share that in 2023 European defense startup funding peaked at $464m, marking a 435% increase from 2022. Global conflicts have increased the awareness and the importance of contributing to the region's safety through VC investments as well.

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