Start-ups: Investments have already tripled: Munich is number one in Europe when it comes to armaments

Berlin. Nowhere in Europe do defense start-ups attract as much money as in Munich: this year alone, 2.65 billion dollars flowed into companies from the region by October, almost three times as much as in the entire previous year. This is shown by data from the provider Pitchbook, which he created exclusively for the Handelsblatt. The greater Munich area is in second place worldwide.

Most recently, Cambridge Aerospace, Britain's most valuable defense start-up, opened its first office outside of its home country in the Bavarian capital. The interceptor drone company, valued by investors at $3.4 billion, is also setting up a research site there.

“Munich is one of the talent hubs in Europe and doesn’t have to hide behind Silicon Valley,” says company boss Steven Barrett in an interview with Handelsblatt. In addition, all important industrial partners are on site.