Firehawk Oversubscribes $60 Million Investment, Securing Key European Investor

Firehawk Aerospace, a defense company specializing in advanced energetics and propulsion, has just secured investment from Presto Tech Horizons (PTH), a defense and resilience tech fund created through a partnership between European venture capital firm Presto Ventures and global industrial and technology firm CSG (Czechoslovak Group). This comes just months after a $60 million investment round, led by 1789 Capital.

The investment aims to strengthen the defense capabilities of NATO and allied forces, increasing the adoption of technologies like Firehawk’s, which includes solid rocket motors powered by additively manufactured rocket propellant. Additionally, the collaboration offers a new model for delivering novel defense technologies at scale, enabling rapid deployment across allied defense industrial bases.

“The conflict in Ukraine proves that while drones give warfighters a decisive edge, munitions like missiles and rockets are the core of combat power,” says Will Edwards, CEO of Firehawk. ”A supply chain is only as strong as its weakest link, and propellant and energetics production are the biggest constraint on missile, rocket, and artillery manufacturing. Enabling the European defense industry to also produce these weapons quickly and at scale is the core of Firehawk’s mission. We’re proud to partner with Presto Tech Horizons and CSG to help bolster the European energetics supply chain and ensure our allies can fuel the production of key defense equipment.”