Tekever targets €500 million funding round as valuation could reach €5.5 billion

According to Bloomberg, the fundraising would represent a significant increase from the €1.2 billion valuation reached by Tekever in May 2025, when it became Portugal's latest unicorn. The talks remain ongoing and the terms could still change.

The company has been expanding rapidly, particularly in the UK and France, as demand for autonomous defence and surveillance systems grows across Europe. In the UK, Tekever has committed more than £400 million to investment over five years, including new infrastructure, manufacturing and testing facilities, while its latest contracts include a surveillance programme for the British Army worth up to £400 million over ten years.

France is also becoming a major growth market, with Tekever planning to invest €200 million over five years.

Portugal remains an important part of the company's expansion. Tekever employs more than 1,300 people and continues to invest in engineering and technology capabilities, including in Porto, where it is based at UPTEC – Science and Technology Park of the University of Porto.

The company is currently recruiting for several specialised positions in Porto, including RF Engineer, Software Engineer, Data Platform Engineering Lead and Embedded Systems Engineer, highlighting the city's growing role in Tekever's R&D and technology operations.

Tekever has also secured recent contracts with the Portuguese Air Force and maritime authorities for the use of its autonomous systems in surveillance and security missions.

A €500 million fundraising round would give Tekever significant additional capital to support acquisitions and further international growth. For Porto, the expansion is also strengthening the city's role in the development of advanced defence and autonomous technologies.