UK Defence Tech 2025

In collaboration with MD One Ventures, we examine the state of the UK Defence Tech ecosystem.

In collaboration with MD One Ventures, we explore trends across defence tech, including software, hardware, and dual-use products.

Key findings include:

£1.26b equity invested over the past decade

11.7% of UK defence tech companies have spunout of an academic institution.

Company profiles highlight the success of dual-use within defence tech, including Labrys, which raised £15.0m in equity funding in May 2025. As well as MatNex, Untap, and Milvus Advanced.

Inside the report

About the authors

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