# NATO Innovation Fund co-leads €11m seed round in Swedish start-up TERASi

- Source: Nordic Defence Sector (https://nordicdefencesector.com)
- Canonical URL: https://nordicdefencesector.com/en/article/nato-innovation-fund-co-leads-11m-seed-round-in-swedish-start-up-terasi
- Published: 2026-09-23
- Author: Daniel Trangeled
- Type: News · Country: sweden
- Language: en (original)
- Also available in: de (https://nordicdefencesector.com/de/article/nato-innovation-fund-co-leads-11m-seed-round-in-swedish-start-up-terasi.md), dk (https://nordicdefencesector.com/dk/article/nato-innovation-fund-co-leads-11m-seed-round-in-swedish-start-up-terasi.md), es (https://nordicdefencesector.com/es/article/nato-innovation-fund-co-leads-11m-seed-round-in-swedish-start-up-terasi.md), fi (https://nordicdefencesector.com/fi/article/nato-innovation-fund-co-leads-11m-seed-round-in-swedish-start-up-terasi.md), fr (https://nordicdefencesector.com/fr/article/nato-innovation-fund-co-leads-11m-seed-round-in-swedish-start-up-terasi.md), it (https://nordicdefencesector.com/it/article/nato-innovation-fund-co-leads-11m-seed-round-in-swedish-start-up-terasi.md), no (https://nordicdefencesector.com/no/article/nato-innovation-fund-co-leads-11m-seed-round-in-swedish-start-up-terasi.md), pl (https://nordicdefencesector.com/pl/article/nato-innovation-fund-co-leads-11m-seed-round-in-swedish-start-up-terasi.md), sv (https://nordicdefencesector.com/sv/article/nato-innovation-fund-co-leads-11m-seed-round-in-swedish-start-up-terasi.md)
- Primary source: https://www.nif.fund/news/nato-innovation-fund-makes-first-investment-in-sweden-to-help-terasi-deliver-unjammable-and-undetectable-communications-for-europes-defence-and-resilience/
- Tags: terasi, nato, nato innovation fund, nif, försvarsmakten, sverige, in-q-tel, join capital, navigare ventures, kth ventures, millimetre-wave communications, jamming resistance, swedish armed forces, kth, d3, sting, almi invest

> Swedish start-up TERASi has raised €11 million in a seed round co-led by the NATO Innovation Fund and JOIN Capital, marking NIF's first-ever investment in Sweden. The funding will help scale TERASi's millimetre-wave communication technology designed to keep European defence forces connected even when satellites and infrastructure are under threat.

![TERASi has raised €11 million to scale up its millimetre-wave technology for tactical communications.](https://imagedelivery.net/XO8UY-c6-LfWgEjQsN8IQw/bfa248ac-e553-4e8c-a054-f61d5598af00/public)
*TERASi has raised €11 million to scale up its millimetre-wave technology for tactical communications. · Terasi*

**Swedish start-up TERASi [has raised](https://www.nif.fund/news/nato-innovation-fund-makes-first-investment-in-sweden-to-help-terasi-deliver-unjammable-and-undetectable-communications-for-europes-defence-and-resilience/) €11 million in a seed round co-led by the NATO Innovation Fund (NIF) and JOIN Capital. It is the NIF's first investment in Sweden.**

TERASi develops compact communication units that use millimetre-wave frequencies and narrow, directional beams. According to the company, the narrow beams make the links harder to detect and jam. It says the links reach more than 100 km.

In-Q-Tel, the CIA-established [investment firm](https://www.iqt.org/about-iqt), also took part in the round. Other backers include D3, Navigare Ventures, Almi Invest, STING, Onsight Ventures, Further Than Capital and KTH Ventures, [according to](https://www.terasi.io/resources/terasi-announces-%E2%82%AC11m-seed-round) TERASi.

"Europe's armed forces need to be able to move decisive information securely, at speed, and in environments where infrastructure, satellites and the spectrum itself may be contested," said James Campion, CEO and co-founder of TERASi.

"Connectivity is a decisive capability on the modern battlefield. As hybrid warfare puts satellites, fixed infrastructure and GPS under constant threat of jamming and spoofing, Allied nations need networks that can stand up in minutes and stay secure," said Sander Verbrugge, partner at the NIF.

According to the NIF, the money will go towards scaling TERASi's existing products and growing its engineering and field team.

## FAQ

**What does TERASi's technology offer for military communications?**

TERASi's AirCore technology powers pocket-sized millimetre-wave communication units that produce highly directional beams invisible to conventional detection and jamming equipment. The company says these links can transmit data up to 50 times faster than satellites, over distances exceeding 100 km. Last fact-checked: 2026-09-23.

**How much did TERASi raise and who led the seed round?**

TERASi raised €11 million in a seed round co-led by the NATO Innovation Fund and JOIN Capital. Other backers include In-Q-Tel, D3, Navigare Ventures, Almi Invest, STING, Onsight Ventures, Further Than Capital and KTH Ventures. Funds will scale products and grow engineering and field teams. Last fact-checked: 2026-09-23.

**Why is the NIF investment in TERASi significant for Sweden?**

This marks the NATO Innovation Fund's first investment in Sweden, signaling growing NIF interest in Swedish defence technology. NIF partner Sander Verbrugge emphasized that Allied nations need networks resistant to jamming and spoofing amid hybrid warfare threats to satellites and fixed infrastructure. Last fact-checked: 2026-09-23.

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