Funding news · Oct 22, 2026
Beyond Vision Raises €28M Series B Led by Índico Capital Partners
Beyond Vision Closes €28M Series B
Beyond Vision, a Portuguese manufacturer of unmanned aerial systems, has raised €28 million in a Series B round. The round was led by Índico Capital Partners, with participation from Lince Capital and ActiveCap.
What the Company Does
Founded in 2013 and headquartered in Alverca, Beyond Vision combines AI-powered drones with a cloud-based fleet management platform. The company is a registered NATO supplier and serves defense, security and critical-infrastructure customers across military and civilian markets in several countries.
Company Profile
- Founded: 2013
- Headquarters: Alverca, Portugal
- Team size at time of round: Approximately 150 people
- Stage: Series B
- Sector: Unmanned aerial systems, defense and security
Traction
Beyond Vision entered this round having exceeded its 2025 revenue estimates, according to the company. Its positioning as a registered NATO supplier gives it access to defense and security procurement channels across multiple countries, alongside civilian critical-infrastructure customers.
The Round
| Detail | Value |
|---|---|
| Round type | Series B |
| Amount | €28,000,000 |
| Date | October 22, 2026 |
| Lead investor | Índico Capital Partners |
| Other investors | Lince Capital, ActiveCap |
Why It Matters for Acquisition Watchers
Beyond Vision sits at the intersection of two active consolidation themes: defense technology and drone-enabled data platforms. Its combination of hardware manufacturing and a cloud-based fleet management layer means the business spans both a product manufacturer and a software platform — a profile that tends to attract both strategic buyers in defense electronics and software-oriented acquirers looking for fleet and data assets.
The NATO supplier registration is a meaningful barrier to entry and a signal of compliance maturity, which can shorten diligence for defense-sector acquirers. The company's stated revenue outperformance against its 2025 estimates suggests commercial momentum heading into the round.
With a €28 million Series B led by Índico Capital Partners and supported by Lince Capital and ActiveCap, Beyond Vision has added institutional capital to scale a business that already serves military and civilian customers across several countries. For acquirers, the company represents a European defense-tech asset with an established supplier status and a software component attached to its hardware base.
Key Takeaways
- Beyond Vision raised €28M in Series B funding on October 22, 2026.
- Índico Capital Partners led the round; Lince Capital and ActiveCap participated.
- The Alverca-based company builds AI-powered drones and a cloud-based fleet management platform.
- It is a registered NATO supplier serving defense, security and critical-infrastructure customers.
- The company exceeded its 2025 revenue estimates entering the round and had roughly 150 employees.