Labrys Technologies, a London, UK-based defense technology startup, has raised $5.5 million in seed funding.
SaaS Investors
The round was led by Project A Ventures, with participation from MD-One, Offset Ventures, Marque Ventures, and Expedition Fund.
Project A is an early-stage venture capital firm combining financial and operational support for technology companies.
Labrys technologies Use of Funds
The company plans to use the funding to expand its commercial and engineering teams and focus on implementing technological feature integrations, including the development of an autonomous mission network capability.
About Labrys Technologies
Labrys Technologies is a defense startup that offers a variety of SaaS products to its clients in the public and private sectors, equipping them with the tools they need. Their cloud-native enterprise management platform, which was constructed specifically from a range of cutting-edge technologies, is focused on network visibility and cross-functional management architecture.
Funding Details
Company: Labrys Group Holdings Limited
Raised: $5.5M
Round: Seed Round
Funding Month: December 2023
Lead Investors: Project A Ventures
Additional Investors: D-One, Offset Ventures, Marque Ventures, and Expedition Fund
Company Website: https://www.labrys.tech/
Software Category: Defense Software
Source: https://startuprise.co.uk/labrys-technologies-secures-5-5m-in-seed-funding/