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Arctic RAVN raised €2.5 million (about $2.8 million) in a seed round, announced Oct. 27.

Facts

Amount
€2.5 million (about $2.8 million)
Currency
EUR
Stage
Seed
Announced
Oct 27, 2026
Instrument
Convertible note
FX rate
1 EUR = 1.1188 USD on Oct 26, 2026

Use of funds

Production scale-up and product development.

As stated by the company.

Sources

  1. 1.Finnish DefenceTech Arctic RAVN secures €2.5 million in loan commitments before its first product launch — EU-Startups, Oct 27, 2026

Public sources — Collected from public sources, not yet cross-checked.Last verified Oct 27, 2026