Tekever hits a $6.4bn valuation and plans acquisitions with its new round
Drone maker Tekever has closed the first part of a $580m Series D at a $6.4bn valuation. UC Investments and Baillie Gifford led the round. Chief executive Ricardo Mendes says it is designed to fund acquisitions as well as new technology, in a defence market he expects to consolidate.
Via TNW | Investors-funding
The fund raise is precisely designed to support that growth, not only organically, developing new technology, but through acquisitions.
Ricardo Mendes, founder and chief executive of Tekever, said that in an interview with Bloomberg Television on Wednesday. He said he expects the defence technology market to go through tremendous consolidation over the next few years.
Surveillance drone maker Tekever announced the first close of a $580m Series D the same day. The round values the company at $6.4bn.
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