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Announced

Completed

Sapphire Ventures and Ansa Capital led a $35m Series A round in Defense Unicorns.

Financials

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Transaction Value£27m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Domestic

Minority

Private Equity

Venture Capital

Friendly

software development

United States

Software

Acquisition

Private

Single Bidder

Synopsis

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Sapphire Ventures, a venture capital firm, and Ansa Capital, an investment firm, led a $35m Series A round in Defense Unicorns, a software startup. “The global landscape has changed. To compete, the US military must integrate and deploy new technology at speed. We know this. But from firsthand experience, it's still nearly impossible to deploy desperately needed capabilities on any mission-relevant timeline. Outdated technology, diverse compute environments, and the complexities of security and compliance standards have caused an unacceptable time lag, placing our country at risk for future conflicts,” Rob Slaughter, Defense Unicorns CEO and Co-Founder.

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