• Monopulse, operating as MNP Technologijos, raised over €2 million from Lithuanian and foreign investors, according to Tech.eu.
• The stated uses of funds are production capacity, R&D and entry into Scandinavian and other international markets.
• NGL Ventures' angel syndicate put in €560,000 from 68 investors, the largest syndicate it has led so far, per Tech.eu.
• An earlier €1.12 million loan from Lithuania's development bank ILTE targeted the same constraint: building more units for existing orders.
• Round terms such as valuation and equity split were not disclosed in the sources we reviewed.

Monopulse, a Danish-Lithuanian drone maker operating under the MNP Technologijos name, has raised more than €2 million from investors in Lithuania and abroad, Tech.eu reported on 12 October 2026. The company, founded in 2021, builds reconnaissance drones designed to keep working when signals are jammed. The round is small by US standards, but it shows what a Nordic-Baltic defence startup is funded to do: build more units for customers it already has.

What the round actually contains

Tech.eu names three investors: Coinvest Capital, Plug and Play and NGL Ventures. NGL's angel syndicate contributed €560,000 from 68 investors, which Tech.eu describes as the largest syndicate NGL has led. The headline figure is stated only as 'over €2 million'. Valuation, equity share and any debt component were not disclosed in the coverage we reviewed, so the round cannot yet be benchmarked against comparable European defence-tech seed rounds.

Why jamming resistance is the product

Tech.eu says Monopulse's drones are built to keep communicating or operate autonomously when signals are lost, combining aerospace engineering, electronics, sensor fusion, computer vision and AI. Its platforms include the Falcon MK3S and the Hydrohex system, covering aerial and water-based surveillance. That positioning matters because a drone that fails under jamming is of limited use to a military buyer. We could not verify performance claims independently; they are the company's description as relayed by Tech.eu.

Capacity, not research, is the stated constraint

Tech.eu lists expanding production capacity first among the uses of funds, ahead of R&D and entry into Scandinavian and other markets. An earlier financing points the same way: Startup Rise reported a €1.12 million loan from Lithuania's development bank ILTE, under its Billion for Business programme, to expand production and fulfil existing orders in Lithuania and abroad. Two separate funding sources aimed at manufacturing suggest orders, not prototypes, are driving the cash need.

What a small team can and cannot show

Monopulse has 14 people, including engineers, researchers and former military personnel, and develops core hardware and software in-house, per Tech.eu. The Lithuanian and Danish armed forces already use its technology. Those are meaningful customer signals for a team this size, but the sources give no contract values, unit volumes or revenue. Without the before-and-after numbers, the evidence that the company is working remains qualitative.

What to watch next

Three things will show whether this round was well sized: disclosed production output after the capacity expansion, a first contract outside Lithuania and Denmark, and any follow-on round with a stated valuation. Scaling hardware is slower and more capital-intensive than software, and a roughly €2 million equity round alongside a €1.12 million loan leaves limited room if procurement timelines slip. On the evidence available, this is a credible, narrowly funded manufacturing step, not yet a proven scale-up.