Munich-based defence startup Quantum Systems has completed long-term financing of €150 million. €70 million comes from a loan from the European Investment Bank. Additional funds come from Commerzbank, Deutsche Bank and KfW, the companies announced just days before the start of Münchner Sicherheitskonferenz.
Quantum Systems develops AI-powered drones and reconnaissance systems that are currently also being used in the war in Ukraine. The financing is intended to enable investments in technology, production capacities and organisational growth.
Second EIB loan for Quantum Systems
For the European Investment Bank, this is the second financing of the Munich startup. As early as June 2021, it provided €10 million. With the current loan, the capital committed by the EIB increases to a total of €80 million. Together with the three commercial banks, this now results in long-term debt financing of €150 million.
According to the parties involved, the agreement reflects adjustments to ESG frameworks. These are intended to make it easier for European banks to finance security-relevant technologies. The aim is to strengthen technological resilience and European sovereignty through capital from Europe.
Jonas Jarosch, co-founder of Quantum Systems, says:
“This package is a strong vote of confidence in our company, our technology and our vision.”
The financing enables it to “scale responsibly while remaining firmly anchored in Europe”.
The European Investment Bank also views the decision from a security policy perspective.
Nadia Calviño, President of the Bank, explains:
“Drones and aerial reconnaissance are already indispensable for Europe’s security today – from defending Ukraine to protecting critical infrastructure and borders. With this €70 million financing, the EIB is supporting a European technology leader in Germany and demonstrating how public and private funds can expand Europe’s defence capabilities and better protect our citizens.”
Signal for Munich’s startups
The current credit line complements several large equity rounds from 2025. At that time, Quantum Systems raised €160 million in a Series C financing and later expanded the round by a further €180 million. This brought a total of around €340 million in fresh equity capital.
Since its founding in 2015, the Munich defence unicorn has developed into one of the region’s best-capitalised hardware startups. For the Munich startup scene, this financing is a signal. It shows that even capital-intensive deeptech and defencetech startups in the region have access to large-volume European financing. The fact that several major banks are acting together with a European development bank underscores the strategic importance of such companies for Munich as Germany’s centre for the development of unmanned defence systems.
With the combination of extensive equity rounds and long-term debt financing, the Munich defence startup is giving itself additional room for growth without giving away further stakes.
