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Status
ACTIVE
Global HQ
Munich, Germany
Countries of investment
  • Germany
  • France
  • United Kingdom
  • Netherlands
  • Italy
  • Spain
  • Sweden
  • Finland
  • Norway
  • Denmark
  • Poland
  • Estonia
Investment stages
  • Series B
  • Series C
  • Growth
Industries
  • Defence Tech
  • Dual-Use
  • Cybersecurity
  • Aerospace
  • Autonomous Systems
  • AI
  • Frontier Hardware
  • Deep Tech
  • Sovereign Tech
About
E2D is a Munich-based growth-stage VC focused on European dual-use and defence technology companies. Their focus spans cybersecurity, aerospace, autonomous systems, AI, frontier hardware, and dual-use deep tech across Germany, France, the United Kingdom, the Netherlands, Italy, Spain, Sweden, Finland, Norway, Denmark, Poland, and Estonia. The firm supports founders from Series B through Growth.
Min check size
$10M
Max check size
$30M
Fund size
NPS

Investment Thesis

E2D is a growth-stage venture capital firm deploying capital across European dual-use and defence technology sectors. They invest in Series B through Growth stage European companies building sovereign dual-use technologies serving both civilian and defence applications across cybersecurity, aerospace, autonomous systems, AI, and frontier hardware. The firm differentiates itself through its joint backing by Armilar Venture Partners and Earlybird Venture Capital (two leading European VCs), €500M target fund size as one of Europe's largest dedicated dual-use funds, dedicated focus on supporting European sovereign technology capabilities, and operator-investor expertise across the European deep tech and defence ecosystems.
Lead investor
Co Invest
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Manager's Experience

E2D is a joint initiative launched by Armilar Venture Partners (AVP) and Earlybird Venture Capital, two of Europe's most established venture capital firms. Hendrik Brandis (Co-Founder, Earlybird Venture Capital) co-founded Earlybird in 1997 building it into one of Europe's leading multi-stage venture capital firms with €2B+ AUM and notable exits including Wallapop, N26, UiPath (IPO), and Peak Games (acquired by Zynga). Joaquim Sérvulo Rodrigues (Founding Partner, Armilar Venture Partners) co-founded AVP in 2000 and built it into Southern Europe's leading deeptech VC with €1B+ AUM across multiple funds. The €500M target fund focuses on European dual-use and defence growth-stage opportunities, supporting Europe's sovereign technology capabilities across cybersecurity, aerospace, autonomous systems, and AI sectors.

E2D Contacts Information

Primary contact

Secondary contact

Team

Hendrik Brandis - Founding Partner Earlybird

Joaquim Sérvulo Rodrigues - Founding Partner Armilar Venture Partners

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