3 days ago
Dronemaker Destinus Seek Funds at Unicorn Valuation
Takeaways NEW
Destinus, a drone company founded by a former Russian national that supplies weapons to Ukraine, is in talks to raise funds that would value the firm at as much as €1.5 billion ($1.7 billion), according to people familiar with the matter.
The company is holding talks with new and existing investors to sell a minority stake for as much as €100 million, said the people, who asked not to be identified because discussions are private. No deal has been agreed on and the size of the stake and its value will depend on investor demand, the people said.
