Private capital investment flood into defence tech start-ups signals structural shift in how sovereign capability is being built and funded – with supply chain implications for established UK businesses. Venture capital investment in defence technology has reached $12.3 billion in the first half of 2026 alone, almost double the equivalent period in 2025 and already exceeding the $9.95 billion recorded across the whole of last year, according to data from PitchBook. The figures mark a decisive shift in how private capital views the defence sector – and for the established UK defence supply chain, the implications extend well beyond the…
