North Vector Dynamics raises $20 million to scale counter-drone capabilities

What happened

The post North Vector Dynamics raises $20 million to scale counter-drone capabilities first appeared on BetaKit . North Vector Dynamics (NVD) has raised a $20-million USD ($29-million CAD) Series A (an early stage of company funding) round that it says will help the defence tech company scale its reach and build out its manufacturing.

Announced on Monday, the fundraise brings the counter-drone company’s valuation to $90 million USD ($126 million CAD). North Vector Dynamics raises $20 million to scale counter-drone capabilities By Jesse Cole October 26, 2026 Email Share on LinkedIn Share on X Share on Reddit Share on BlueSky Led by Europe’s Tech Horizons, raise is one of the largest in Canadian defence tech.

Paul Ziadé, North Vector Dynamics The new round brings NVD’s total funding to nearly $28 million USD in equity funding. Last July, NordSpace’s venture arm also invested in NVD, and in August, the company was awarded a four-year, $4.2-million CAD contract from Canada’s Department of National Defence.

NVD previously received $2.5 million CAD in grant funding from DND’s Innovation for Defence Excellence and Security program. Led by Europe’s Tech Horizons, raise is one of the largest in Canadian defence tech.

Officially closing this past summer, NVD told BetaKit the round was among the largest defence tech financings in Canada and was led by Tech Horizons, a European outfit with a focus on investment in defence and security technology. Additional participation included firms like ONE9, Garage Capital, CSG, Ripple Ventures, Feld Ventures, and Conconi Growth Partners.

In an interview with The Globe and Mail , NVD CEO Paul Ziadé said domestic contributors were a “sizable minority” in the round, with the rest of the financing coming from US and European investors. “The defence landscape in Canada has evolved.”