Series A round of € 30 million for Tytan Technologies

Munich/ Hamburg/Berlin — The Munich-based defense tech company Tytan has raised EUR 30 million as part of its Series A finan­cing round. The finan­cing round was led by Armira and the Nato Inno­va­tion Fund (NIF). YPOG acted as legal advi­sor to the venture capi­tal inves­tors Lake­star and Magne­tic on their parti­ci­pa­tion in the Series A finan­cing round of Tytan Tech­no­lo­gies. In addi­tion to Lake­star and Magne­tic, Visio­na­ries Club, OTB Ventures and D3 also parti­ci­pa­ted as exis­ting investors. 

Tytan was foun­ded in 2023 by Balász Nagy (31) toge­ther with Batu­han Batu­han Yumurt­acı. Tytan deve­lops AI-control­­led inter­cep­tor drones to defend against unman­ned aerial vehic­les and is now expan­ding its port­fo­lio to become a more compre­hen­sive provi­der of air defense solu­ti­ons. The fresh capi­tal will be used in parti­cu­lar to expand produc­tion capa­ci­ties, deve­lop addi­tio­nal air defense products and expand the work­force. Tytan plans to signi­fi­cantly increase its produc­tion capa­ci­ties by the end of 2026. 

Tytan is one of the fastest-growing Euro­pean “New Defense” compa­nies. In addi­tion to exis­ting orders in the mili­tary envi­ron­ment, the company’s solu­ti­ons are alre­ady being used in real opera­tio­nal scena­rios. The addi­tion of further indus­­try-expe­ri­en­­ced perso­na­li­ties to the manage­ment and advi­sory board under­lines Tytan’s ambi­tion to estab­lish itself as a Euro­pean provi­der of scalable air defense technology. 

“Tytan is exem­plary for a new gene­ra­tion of Euro­pean defense tech compa­nies with high tech­no­lo­gi­cal depth and a clear scaling stra­tegy. The fact that Lake­star and Magne­tic are support­ing the company over seve­ral finan­cing phases shows their long-term trust in the team and tech­no­logy,” says Dr. Adrian Haase, Part­ner at YPOG. 

YPOG has been advi­sing Lake­star and Magne­tic since the pre-seed phase and also supported the inves­tors in the seed finan­cing of Tytan. YPOG regu­larly advi­ses natio­nal and inter­na­tio­nal venture capi­tal inves­tors on finan­cing rounds in the defense, dual-use and deep tech sectors. 

About Armira

Armira is a leading Euro­pean invest­ment holding company specia­li­zing in long-term part­ner­ships with entre­pre­­neur-led and family-owned “hidden cham­pi­ons”. The company has more than €5 billion in assets under manage­ment and is backed by a broad base of entre­pre­neurs, entre­pre­neu­rial fami­lies and long-term inves­tors. Armira provi­des capi­tal for the entire life cycle of a company, from mino­rity invest­ments to promote growth to majo­rity investments. 

About the NATO Inno­va­tion Fund
The NATO Inno­va­tion Fund is a €1 billion venture capi­tal fund backed by 24 NATO member nati­ons that invests in deep tech compa­nies to address defense, secu­rity and resi­li­ence chal­lenges. The fund invests inde­pendently, with 24 nati­ons support­ing the success of its port­fo­lio and enab­ling deep tech entre­pre­neurs to access both commer­cial and govern­ment markets. 

About Lake­star

Lake­star (CH) is one of Euro­pe’s leading venture capi­tal invest­ment plat­forms. Since its foun­ding by Klaus Hommels in 2012, Lake­star has been known for back­ing some of Euro­pe’s most successful unicorns. The company has raised more than USD 3 billion through various products and funds and actively mana­ges a port­fo­lio of invest­ments in eight diffe­rent early-stage and growth funds. Lake­star has recently laun­ched a dual-use/­­re­­si­­li­ence fund. — www.lakestar.com

About Magne­tic

Magne­tic is a Euro­pean venture capi­tal firm that finan­ces trans­for­ma­tive tech­no­logy compa­nies in syste­mi­cally rele­vant indus­tries. Magne­tic uses its capi­tal and exper­tise to support outstan­ding foun­ders at the inter­sec­tion of new tech­no­lo­gies and econo­mic systems. The company invests early and sees itself as a long-term capi­tal part­ner. —- https://mgntc.com/

Consul­tant Lake­star and Magne­tic: YPOG

Dr. Adrian Haase (Lead, Tran­sac­tions), Part­ner, Hamburg
Alex­an­dra Tafel (Tran­sac­tions), Senior Asso­ciate, Berlin
Dr. Gerrit Breet­holt (Tran­sac­tions), Asso­ciate, Hamburg
Benja­min Müller (Tran­sac­tions), Senior Asso­ciate, Berlin
Dr. Miriam Peer (Tran­sac­tions), Asso­ciate, Hamburg

www.ypog.com