Onodrim raises $300 million to acquire European industrial and defence firms

Onodrim Industries says it has raised $300 million in a Series A led by Lux Capital, at a reported $1.3 billion valuation. The Amsterdam-based company plans to take controlling stakes in established aerospace, defence and industrial businesses, support their growth, and announce its first acquisitions in the coming months.

• The $300 million Series A was led by Lux Capital and values Onodrim at $1.3 billion.· 1 source
• Onodrim plans to acquire controlling stakes in established aerospace, defence and industrial companies, with a focus on businesses that could address supply-chain bottlenecks.· 2 sources
• The company says it will provide acquired businesses with capital, technology and operational support, and hold them for the long term.· 2 sources
• Onodrim expects to announce its first acquisitions in the coming months. It is opening offices in Munich and Turin, in addition to locations in Amsterdam, London and Vilnius.· 2 sources
• The round included General Catalyst, Lakestar, Altimeter, Strike Capital, 137 Ventures, 8090 and Expeditions, according to the reports.· 2 sources