NUNC Capital

Name

NUNC Capital

Legal name

NUNC Capital B.V.

Website

https://nunccapital.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Defense Venture Capital

NAICS

Portfolio Management and Investment Advice (523940), Other Financial Investment Activities (5239)

SIC

Investment Advice (6282)

akta.pro primary industry

Captive CVC Fund (Dedicated corporate fund structure) (FSANAHAB)

akta.pro secondary industry

Corporate International / Emerging Markets CVC (FSANAHAM)

Keywords

• Defense venture capital
• Defense technology investment
• Defense company building
• Venture building services
• Defense sector scaling

Headquarters

HQ city

Amsterdam

HQ country

Netherlands

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Investment Returns: NUNC Capital generates returns through equity investments in defense technology companies. They build and scale companies through three pillars: NUNC Ventures (accelerating emerging innovators), NUNC Platforms (investing in established companies with proven capabilities), and NUNC Services (companies delivering intelligence, systems integration, design thinking, and strategic advisory).
2. Venture Building Initiative: NUNC Capital launched a €20 million early-stage Venture Building Initiative to invest in emerging Ukrainian defense technologies, establishing a Forward Operating Base in Ukraine to source and support startups developing disruptive defense solutions.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

NUNC Capital is a private investment firm that builds, acquires, and scales defense technology companies. It operates through three pillars—NUNC Ventures (accelerating early-stage defense innovators), NUNC Platforms (investing in established defense companies), and NUNC Services (delivering intelligence, systems integration, design thinking, and strategic advisory)—to move technologies from prototype to operational deployment for NATO and allied forces.

Product overview

NUNC Capital is a Netherlands-based defense technology investment firm (founded 2013) operating through three strategic pillars: NUNC Ventures, NUNC Platforms, and NUNC Services. The portfolio includes multiple independent defense technology companies: RAPTR (Planck Dynamics) provides tactical edge AI computing; AnGard Microwave develops High-Power Microwave counter-robotic systems; COBBS distributes tactical equipment (soldier systems, weapons, unmanned systems, C4ISR); PACPROTECT delivers ballistic protection; plus Sofworx and Vearco. NUNC builds, acquires, and scales these companies to deliver disruptive defense solutions across Advanced Materials, AI, Electronic Warfare, New Energy, Quantum Technologies, and Unmanned Systems for NATO and allied forces.

Differentiator

Problem solved

Functional benefit

Brands

• NUNC Ventures: Strategic pillar that identifies and accelerates the next generation of defense innovators through proprietary STICK methodology.
• NUNC Platforms
• NUNC Services

Products and services

• NUNC Ventures Investment and acceleration service for early-stage defense technology companies, leveraging the proprietary STICK methodology and proximity to operational users to help founders move technologies from prototype to deployment.
• NUNC Platforms Growth and platform-level investment service for established defense companies delivering proven capabilities across critical defense domains, providing capital, shared expertise, and operational scaling support.
• NUNC Services Defense ecosystem service offering covering intelligence, systems integration, design thinking, and strategic advisory, enabling execution across the defense ecosystem for portfolio companies and external clients.
• Ukraine Defense Tech Venture Building Initiative Dedicated €20M venture building program investing in and supporting emerging Ukrainian defense technology startups, with operational foothold via a Forward Operating Base in Ukraine.
• RAPTR Tactical Edge Computing Platform Rugged tactical edge computing platform from portfolio company Planck Dynamics, combining edge data governance, certified AI runtime, and quantum-inspired photonic compute to deliver low-latency AI for mounted land forces, special forces, border protection, and tactical intelligence units.
• AnGard High-Power Microwave Counter-Robotic Systems Directed-energy High-Power Microwave systems from portfolio company AnGard Microwave that disrupt, disable, or degrade electronic systems of autonomous and robotic threats, applicable across defense and security contexts including protection of military assets, critical infrastructure, and sensitive locations.
• COBBS Tactical Equipment Distribution Distribution and sales of premium tactical equipment via portfolio company COBBS Industries, covering Soldier Systems & Protection, Weapon Systems & Optics, Unmanned Systems & Sensors, and C4ISR & Cyber across regional divisions in the Netherlands, Belgium, USA, and DACH.
• PACPROTECT Ballistic Protection Solutions Next-generation ballistic protection solutions from portfolio company PACPROTECT, including ballistic shields for elite military units, serving defense and security markets worldwide.

Quantifiable outcome

• Over €10 million in potential deployments through Planck Dynamics partnership
• +1 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Partnerships

Eight partnerships are on record, tiered core, major and minor.

• Admiral (Ret.) Rob BauercoreOthers · 19 November 2025Admiral (Ret.) Rob Bauer, former Chair of NATO Military Committee (2021-2025), was appointed to NUNC Capital's Advisory Board. Previously Chief of Defense of the Netherlands (2017-2021). His appointment strengthens the strategic bridge between innovation and capacity development for allied nations.
• Anduril IndustriescoreStrategic or Co-development Partner · 13 October 2025COBBS BELUX (a NUNC Capital portfolio company) signed an MOU with Anduril Industries to expand Belgium's defense industrial base through local assembly, sustainment, and training of Anduril systems. The agreement was signed during Belgian Minister of Defense's visit to Anduril's California headquarters.
• TNOmajorStrategic or Co-development PartnerTNO (Netherlands Organization for Applied Scientific Research) is an existing shareholder of AnGard Microwave alongside NUNC Capital and University of Twente. TNO provides scientific research and development capabilities for defense technology development.
• University of TwentemajorStrategic or Co-development PartnerUniversity of Twente is an existing shareholder of AnGard Microwave alongside NNO Capital and TNO. The university is a founding research partner providing academic expertise and talent pipeline.
• NIDVminorOthersNUNC Capital is a member of the Netherlands Industries for Defence and Security (NIDV), founded in 1984 by Dutch ministries and industry partners. NIDV plays a key role in positioning Dutch defence and security sector domestically and internationally.
• Brave1minorOthersNUNC Capital is a proud member of the Brave1 investor community, supporting cutting-edge defense solutions and partnering with the expanding European Defense Tech network.
• European Defense TechminorOthersNUNC Capital is a proud partner and supporter of European Defense Tech (EDT). Together with other partners they organized the European Defense Tech Hackaton in Amsterdam on March 28-30, 2025 and continue to collaborate on future events.
• TU DelftmajorStrategic or Co-development PartnerPlanck Dynamics is built inside TU Delft's House of Quantum. NUNC Capital's backing connects portfolio companies to Dutch academic research infrastructure and quantum technology expertise.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Shield Capital: US-based venture capital firm dedicated exclusively to defense and intelligence technology investing. Most direct peer: comparable dedicated defense-tech VC focus, similar reliance on national-security network for deal sourcing, and overlap in targeting dual-use startups serving US/NATO-aligned militaries.
• Nightside Group: Dedicated defense tech venture firm founded by former intelligence and special operations operators. Highly comparable as a specialist defense-tech investor with deep operator networks and a thesis around accelerating prototype-to-deployment for national-security startups.
• D3 Capital: Early-stage venture firm investing in Ukrainian and European defense technology. Direct peer because of overlapping focus on Ukrainian defense tech sourcing, Brave1 ecosystem participation, and similar European/NATO-aligned defense thesis.
• Broom Ventures: European early-stage fund focused on aerospace and defense technologies with operations across the continent. Direct peer given similar focus area, similar stage, and shared European defense-tech thesis.
• Alpine Space Ventures: European venture firm investing in early-stage space and defense technology companies. Highly comparable as a European specialist defense/dual-use investor with similar thesis on allied capability gaps.

Broad incumbents

• Andreessen Horowitz (a16z) American Dynamism: Large US venture firm with a dedicated American Dynamism practice covering defense, manufacturing, aerospace, and public-sector tech. Comparable as a defense-tech capital provider with significantly larger fund size and broader portfolio, competing for the same founder pool.
• General Catalyst (American Resilience): Large multi-stage venture firm with a defense-and-resilience focus area. Comparable as a substantial capital source for NATO-aligned defense startups, though its defense practice is one of several broad theses.
• Founders Fund: US venture firm with a long track record of defense and dual-use technology investments (Palantir, Anduril early backing). Comparable as a deep-pocketed defense-tech capital provider, though not exclusively defense-focused.
• Lux Capital: US venture firm investing in frontier science and technology including defense applications (Area 6, Hadrian). Comparable through its deep-tech, often dual-use portfolio that intersects with NATO-relevant capabilities.
• Khosla Ventures: Large US venture firm with selective exposure to defense and deep-tech investments. Comparable as a deep-pocketed generalist that occasionally invests in defense-adjacent frontier technology similar to NUNC's portfolio domains.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/nunc-capital-bv

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NUNC Capital