Luxembourg-based Twentyfour Industries raises €11.8m
Founded in late 2024, Twentyfour Industries today emerges from stealth after moving from product design to production and field deployment of European drones in less than a year.
20/01/2026
In summer 2025, eight months after incorporating, the company raised US$11.8M from Lakestar, OTB Ventures, and 468 Capital. By year’s end, it reached its first major operational milestones:
- Designed, built, and iterated the first product – a cost-efficient, mass-manufacturable, multi-mission 10-inch quadcopter.
- Manufactured and deployed hundreds of units in Europe, now operated daily by European soldiers in the field.
- Signed and delivered contracts generating revenue across multiple countries.
In 2026, Twentyfour Industries is committed to continuing its disciplined execution trajectory, expanding its product portfolio and scaling modular, mobile manufacturing to thousands of units per month in Germany. It will also lay the groundwork for additional production capacity across Europe.
From day one, our focus has been prioritising execution over complexity and proving capability through delivery. By working directly with operators in the field, we ensure every product iteration is driven by real-world needs – enabling us to move faster and deliver more value to our customers. - Erik Linden, Co-Founder & Chief Commercial Officer
Modern warfare increasingly depends on unmanned systems at scale to deter aggression and defend democratic societies. Today, Europe lacks sovereign drone production capacity and has too few trained operators – leaving the continent dependent on vulnerable supply chains, foreign components, and external know-how. Twentyfour Industries was founded to close this critical capability gap.
Our mission is clear – enable European and allied partners with an end-to-end approach: product, training, and life-cycle management. We are building the organisational and industrial muscle to design, manufacture, and deliver unmanned systems faster, more reliably, and at better economics than anyone else in Europe.- Clemens Kürten, Co-Founder & Chief Executive Office
In addition to Clemens and Erik, Twentyfour Industries’ leadership team includes Martin Eichenhofer and Constantin Jung.
