Greenjets, a British company developing propulsion systems, aircraft platforms and launch technologies, raised a $40m Series A led by Blossom Capital, according to announcements on 17 July 2026. The NATO Innovation Fund and the UK's National Security Strategic Investment Fund took part, along with existing investors Tanglin Ventures and the NSFO Family Office.
BusinessCloud reported the amount as £30m. No valuation was disclosed.
“We believe building affordable defensive capability is a necessary response to today's realities”Anmol Manohar, CEO, and Guido Monterzino, CTO, Greenjets
What Greenjets builds
The company is building a low-cost British drone interceptor under the UK Ministry of Defence's Low-Cost Air Defence Effectors programme, known as LCADE. BusinessCloud said Greenjets is one of three companies selected. The interceptor moves into demonstration trials later this year.
The NATO Innovation Fund said LCADE is run by the National Armaments Director Group as part of LEAP, a five-nation European effort involving the UK, Poland, France, Italy and Germany, and that the UK is the first partner nation to put suppliers on contract.
Propulsion is the focus. The fund noted that newer Shahed-class drones reach about 500 km/h, which challenges propeller-based interceptors, while turbojets can match those speeds but can take up to two minutes to spool up and have constrained supply chains.
Founders and growth
Anmol Manohar is chief executive and Guido Monterzino is chief technology officer. Greenjets has 160 employees and expects to grow beyond 250, according to the announcement. Its UK facilities expanded from 12,000 to nearly 70,000 square feet over the past year. The founding year and the UK city were not stated, and BusinessCloud said it also has operations in Germany.
Over the past year the company has moved from development towards production and is under contract on several UK and international programmes.
What the money is for
The funding will scale production, with a goal of delivering thousands of systems over the next 12 months, and expand development across propulsion, aircraft and launch technology. BusinessCloud added plans to expand into India, the Middle East and the United States and to become the UK's next aerospace prime contractor.
Patrick Schneider-Sikorsky, a partner at the NATO Innovation Fund, said propulsion is the constraint that determines whether an interceptor can close the gap on a 500 km/h target. He added that this is exactly the kind of Allied supply-chain technology the fund was set up to back. Maxim Frenkel of Blossom Capital praised the team's relentless focus on delivery and customer satisfaction.
The investors
Edmund Phillips, an investment partner at the National Security Strategic Investment Fund, said Greenjets is already making a material contribution to the UK's security and prosperity. The NATO Innovation Fund described the investment as part of its aim to strengthen Allied supply chains.
Both the NATO Innovation Fund and BusinessCloud noted that the company has contracts on several UK and international programmes, although neither gave contract values.