Monopulse is a European defence-technology company developing unmanned aerial systems for military reconnaissance, surveillance and intelligence missions. Operating under the name Monopulse through MNP Technologijos, the Danish-Lithuanian company focuses on drones designed to remain useful in challenging operational environments, including situations where electronic warfare can disrupt communications and satellite navigation.

Its technology addresses a growing requirement for reliable, rapidly deployable unmanned systems that can support military personnel and protect critical infrastructure. The company also develops capabilities for surveillance across air and water environments, giving its technology potential applications beyond conventional aerial reconnaissance.

In October 2026, Monopulse announced that it had raised more than €2 million to expand production, strengthen research and development, and enter additional NATO markets. The investment marks an important step in moving from established military deployments towards broader European commercial and operational expansion.

This article covers:

• Monopulse’s technology and position in the defence market.
• Its October 2026 investment and the investors involved.
• Previous financing and the role of public-sector-backed capital.
• How the company intends to use the investment.
• What its funding journey can teach other entrepreneurs.

The October 2026 funding round

Monopulse secured more than €2 million in an investment round announced on 12 October 2026. The round was led by Coinvest Capital, with participation from Plug and Play Ventures, NGL Ventures and business angels associated with the Lithuanian Business Angel Network.

A notable feature of the financing was the participation of 68 business angels through NGL Ventures’ syndicate, which contributed €560,000. The syndicate described this as its largest investment group to date. The round therefore combines institutional venture capital with a substantial contribution from individual investors.

The new capital is intended to support three priorities:

• Production capacity: increasing the company’s ability to manufacture and deliver its unmanned systems.
• Research and development: improving the technology, including its performance in environments affected by electronic interference.
• International expansion: developing commercial opportunities in additional NATO markets, including Germany, France and the Netherlands.

For a defence-technology business, these priorities are closely connected. New customers need reliable equipment and dependable delivery schedules, while expansion into additional markets requires sufficient manufacturing capacity and continuing product development.

Private investment and previous financing

The October round is part of a broader financing journey rather than the company’s first identifiable external support. In November 2025, Monopulse secured €1.12 million in financing from Lithuania’s national development bank, ILTE. That financing was intended to increase unmanned aerial vehicle production capacity and help the company fulfil existing orders.

This earlier financing is relevant because it connects capital raising to a concrete operational requirement: producing equipment for customers. The October 2026 investment then provides additional resources for manufacturing, technology development and expansion into new markets.

Coinvest Capital’s participation also illustrates the role that public-sector-backed investment institutions can play in early-stage technology companies. Such institutions can invest alongside private funds and individual investors. However, the October round should be understood as an investment round, while the earlier ILTE financing should not automatically be classified as a grant: the available reporting identifies financing but does not establish that it was non-repayable public funding.

What Monopulse’s funding journey shows

Technical differentiation needs a clear operational purpose. 

Monopulse focuses on reconnaissance and surveillance systems designed for demanding environments. Entrepreneurs developing complex technology can strengthen their investment case by explaining which customer problem their innovation solves.

Customer demand can help justify manufacturing investment. 

The company’s earlier financing was intended to support production and fulfil orders. For hardware startups, showing how additional capital will improve delivery capacity can make the next stage of growth easier to explain to investors.

Different investor types can bring complementary resources. 

Venture capital firms, business angels and public-sector-backed investment institutions participated in the company’s financing journey. Founders can consider a diversified investor base when it matches their stage and strategic needs.

International growth requires operational preparation. 

Entering new markets is not simply a sales exercise. Production, research, delivery schedules and customer requirements must develop together.

Capital should be linked to measurable milestones. 

Manufacturing capacity, product improvements and entry into additional markets provide practical ways to explain how investment will translate into business progress.

For entrepreneurs working in defence, robotics, aerospace or other capital-intensive industries, Monopulse illustrates the importance of connecting technology development with manufacturing readiness and a credible route to customers.

How Fundingtrip can help entrepreneurs

Funding is only one part of building a successful startup. Entrepreneurs also need to understand which investors and funding programmes fit their business, how to prepare an investment case, and how to plan their next financing milestone. Fundingtrip helps founders develop these capabilities through its courses, which provide a starting point for navigating funding opportunities and preparing for growth. Explore the Fundingtrip courses to develop your funding strategy.

About the author of this post

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Sara Gavidia
Content Creator
Communications Manager & Content creator
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[email protected]

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Hello! I’m Sara 👋🏻

I’m FundingTrip’s Content creator. I write posts about technology, funding and innovation. If you liked this one, subscribe to our newsletter to receive more updates!

Post reviewed by David Arias, funding expert.