WALLESS advises SmartCap Defence Fund on €7M investment in Frankenburg Technologies
SmartCap Defence Fund invested €7 million in Estonian defence technology company Frankenburg Technologies, which develops affordable air defence missiles designed for mass production.
The investment forms part of a €30 million funding round and supports the development of production capabilities in Europe as well as the growth of missile technology expertise in Estonia.
WALLESS advised SmartCap on the transaction. The team was led by Partner Kuldar-Jaan Torokoff.
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