Sensofusion Plans €300 Million Helsinki IPO on Counter-Drone Demand
The Finnish counter-drone maker is asking investors to price its market as durable European defense spending, not a war trade, at up to €1.3 billion.
The Finnish counter-drone maker is asking investors to price its market as durable European defense spending, not a war trade, at up to €1.3 billion.
Finland's Sensofusion said Sept. 23 that it plans to raise about €300 million in new shares and list on Nasdaq Helsinki's regulated market. Pension insurers Elo, Ilmarinen and Varma, together with OP Fund Management funds, committed about €170 million at a pre-money equity value of up to €1.3 billion. Danske Bank is the sole global coordinator.
Our Sensofusion company dossier tracks its products, customers and financial position.
Frequently Asked Questions
How much does Sensofusion plan to raise?
About €300 million in gross proceeds from new shares, with a listing on the regulated market of Nasdaq Helsinki, the company said on Sept. 23.
Who has already committed money?
Four cornerstone investors, Elo, Ilmarinen and Varma pension insurers and funds managed by OP Fund Management, committed about €170 million at a pre-money equity value of up to €1.3 billion, per the company release.
What does Sensofusion make?
Airfence counter-drone systems that detect, track and identify drones and defeat them through methods such as radio-frequency jamming and interceptor drones. The company says hundreds of Airfence 7 and Airfence Mini units are in operational use.
How dependent is Sensofusion on Ukraine?
Ukraine generated 7% of 2025 revenue, according to the company. Defense and security authorities accounted for 98.5% of revenue, and EMEA for 87.2%.
How fast is the company growing?
Revenue rose 87.8% to €35.1 million in 2025 and 122% to €26 million in the first half of 2026, with a 60.8% operating margin over the 12 months to June 30, company figures show.
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Marcus Schuler
Marcus Schuler edits BattlePolicy, a daily defense-technology brief connecting the companies and capabilities behind modern war to the contest among Europe, the US, Russia, and China.