Archangel is an early-stage venture fund investing in the next generation of European defence technology. It is described as the world's only Next-Gen Defence Tech fund, focused on defence-first and defence-only startups across the Baltics, Nordics, and the United Kingdom.
Their most common stage is seed (56% of deals). Average disclosed round size is $11.8M (across 20 rounds with reported amounts).
Portfolio
23
Fund Size
$56M
Top Stage
Seed
Last 12 Mo
2
Team
BC
Banjo Castillo
General Partner
DO
David Ovens
Joint Managing Director
EB
Erich Beyer
Founder
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
25 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Heidi | Series B | $65M | Oct 2025 |
 Heidi | Series B | $65M | Oct 2025 |
 OneMRI | Seed | — | Aug 2025 |
| KKeeyu | Pre-Seed | $2.3M | Jan 2025 |
| HHeidi Health | Series B | $65M | Jan 2025 |
| BBuild Club | Pre-Seed | $1.8M | Oct 2024 |
 Primary | Seed | $3.5M | Sep 2024 |
| BBuild Club | Pre-Seed | $1.8M | Jan 2024 |
 SPEC Toolbox | Seed | $1.5M | Jan 2023 |
 Earlywork | Seed | $1.5M | Jan 2023 |
| MMonark | Seed | $1.5M | Jan 2023 |
 KeyOps | Seed | $4M | Dec 2022 |
 Pearler | Seed | $7.8M | Jul 2022 |
 Wavy | Seed | — | Jan 2022 |
 Wavy | Seed | $2.5M | Jan 2022 |
| MMutinex | Seed | — | Jan 2022 |
 Relevance AI | Seed | $3M | Dec 2021 |
 Triplemint | Seed | $1.6M | Apr 2015 |
 Ranku | Seed | $500K | Jan 2014 |
 mercu | Seed | $2.4M | — |
 MagicBrief | Pre-Seed | $2M | — |
 Carbonhound | Pre-Seed | $1.3M | — |
 Elita Genetics | Pre-Seed | — | — |
| EElita | Pre-Seed | $1.1M | — |
| HHeidi Health | Series A | — | — |
Top Co-Investors
Blackbird6 shared
Startmate5 shared
Latitude4 shared
Possible Ventures4 shared
Headline4 shared
Point72 Private Investments4 shared
TEN133 shared
XA Network3 shared
Laconia2 shared
Backbone Angels2 shared
Two Small Fish Ventures2 shared
Garage Capital2 shared
AirTree2 shared
Galileo Ventures1 shared
Insight Partners1 shared
Winklevoss Capital Management1 shared
Remarkable Ventures1 shared
Kima Ventures1 shared
MaRS IAF1 shared
Y Combinator1 shared
Last updated: 20 October 2026