{"id":4993,"date":"2025-06-13T16:48:33","date_gmt":"2025-06-13T13:48:33","guid":{"rendered":"https:\/\/thedefender.media\/?p=4993"},"modified":"2025-12-11T15:12:00","modified_gmt":"2025-12-11T13:12:00","slug":"varangians-launch","status":"publish","type":"post","link":"https:\/\/thedefender.media\/en\/2025\/06\/varangians-launch\/","title":{"rendered":"Swedes launch firm to invest \u20ac10M in Ukrainian defence tech by end of 2025"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Three Swedish entrepreneurs with ties to Ukraine have founded Varangians, an investment group focused exclusively on Ukrainian defence startups. Varangians co-founder and CEO P\u00e4r Lager told Defender Media that the company plans to invest \u20ac10 million in Ukrainian defence tech by the end of 2025.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Lager\u2019s partners in Varangians are Andreas Flodstr\u00f6m, co-founder of Beetroot, who has been doing business in Ukraine for 12 years, and Jonas Rydin, adviser of the Ukrainian defence accelerator Defence Builder. Both Rydin and Lager are officers with close ties to the Swedish Army and several Ukrainian units.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-text-align-left wp-element-button\" href=\"https:\/\/thedefender.media\/en\/2025\/04\/ukraine-sweden-defence-cooperation\/\"><strong>Read more:<\/strong> Courage comes in two colours. How Ukrainian-Swedish cooperation in defence tech is evolving<\/a><\/div>\n<\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Another founder of Varangians is a Swedish family office that wishes to remain anonymous but has already invested \u20ac2.8 million in the company, according to Lager.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Varangians has identified four key areas for investment: unmanned systems, electronic warfare, countering disinformation, and demining. The company is currently in talks with five Ukrainian defence startups, two of which are in the final stages of due diligence.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The average Varangians investment will range from \u20ac100,000 to \u20ac1 million. Lager expects the first investment to be announced by the end of July 2025. A more detailed interview with him will be published on Defender Media next week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Varangians founders P\u00e4r Lager, Andreas Flodstr\u00f6m, and Jonas Rydin plan to close first deal by the end of July<\/p>\n","protected":false},"author":3,"featured_media":4986,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"pmpro_default_level":"","_featured_category_order":0,"_article_badge":"featured","footnotes":""},"categories":[28,31],"tags":[1728,298,700,656,699],"class_list":["post-4993","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ecosystem","category-investments","tag-investments","tag-investors","tag-par-lager","tag-sweden","tag-varangians","pmpro-has-access"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Swedes 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