Ace Management, an alternative asset management and investment company, led a $23m Series A round in Earthcube, a European “DEF Tech” start-up which develops advanced geo-spatial monitoring solutions, joined with 360 Capital and Definvest, the fund of the French Ministry of Armed Forces which is dedicated to investing in strategic defense companies. “After crossing the desert and a strong reluctance of French funds to invest, we have convinced the venture capital ecosystem through our hyper-growth. Few of the start-ups in the civilian sector have experienced a sixteen-fold increase in their turnover in two years with a passage to the point of equilibrium … The real reluctance of funds comes from there. Defense technologies are no longer scary,“ Arnaud Guérin, Earthcube CEO.