Hypersonica, a British-German company developing hypersonic long-range missiles, has raised €100m (about $112.2m) in a Series B round. The company announced the financing on 2 November 2026 from Munich and London.
US investors Lightspeed and General Catalyst co-led the round. Existing backers Plural, 201 Ventures and SPRIND, Germany's Federal Agency for Breakthrough Innovation, also invested.
Hypersonica did not disclose a valuation. According to the Financial Times, as reported by Tech Funding News, unnamed sources put it at about €700m (about $785m).
“The debate about whether Europe needs hypersonic deep-strike capability is over.”Dr Philipp Kerth and Dr Marc Ewenz, Co-founders (CEO and CTO), Hypersonica
What Hypersonica builds
Hypersonica is working on what it calls sovereign deep-strike systems: conventional missiles that fly at hypersonic speed over long ranges. It aims to have systems ready for deployment by 2029 and says they are free of US ITAR export restrictions.
In February the company flew its HS-1 prototype from Andøya in Norway. It said the vehicle went faster than Mach 6 and travelled more than 300km, and described itself as the first privately funded European defence company to reach that point. Tech Funding News reported that the flight reached more than 7,400km/h and that the company took about nine months to go from concept to a flight-ready vehicle.
The company says its way of developing missiles costs more than 80% less than conventional approaches. Its founders, chief executive Dr Philipp Kerth and chief technology officer Dr Marc Ewenz, set up the business in December 2023. Tech Funding News reported that the two met while studying for doctorates in hypersonics at Oxford.
What the money is for
Hypersonica said the money will speed up development, allow more frequent test flights and expand its operations across Europe. It expects the funding to support hundreds of skilled engineering and manufacturing jobs in the UK and Germany. It has not said how many people it currently employs.
The founders said the new round moves the company from demonstrating its technology to delivering it. Alexander Schmitt, a partner at Lightspeed, said the team combined technical depth with fast execution, while General Catalyst's Jeannette zu Fürstenberg tied the investment to Europe's push for strategic autonomy in defence.
Governments are funding long-range strike
The round comes as European governments put money into long-range weapons. Hypersonica pointed to the UK Defence Investment Plan, which sets aside an initial £770m over four years for the UK-German Deep Precision Strike programme agreed under the Trinity House Agreement. It also cited a NATO-led initiative, announced in July, that envisages £37bn of investment in deep precision strike over the next decade.
Tech.eu reported that the Trinity House Agreement covers jointly developed conventional weapons with ranges above 2,000km, including hypersonic systems.
The funding so far
General Catalyst led Hypersonica's seed round, which Tech Funding News put at €2.5m. In February 2026 the company announced a €23.3m (about $27.7m) Series A led by Plural, with SPRIND, General Catalyst and 201 Ventures. Including the new round, Hypersonica has raised about €126m (about $141.1m), according to Tech Funding News.
Company website: hypersonica.com