# Swedish-Finnish Monava raises new capital to scale up drone detection

- Source: Nordic Defence Sector (https://nordicdefencesector.com)
- Canonical URL: https://nordicdefencesector.com/en/article/swedish-finnish-monava-raises-new-capital-to-scale-up-drone-detection
- Published: 2026-08-04
- Author: Jacob Wollheim
- Type: News · Section: Industry · Country: sweden
- Language: en — machine translation from sv; the sv version is authoritative: https://nordicdefencesector.com/sv/article/swedish-finnish-monava-raises-new-capital-to-scale-up-drone-detection.md
- Also available in: de (https://nordicdefencesector.com/de/article/swedish-finnish-monava-raises-new-capital-to-scale-up-drone-detection.md), dk (https://nordicdefencesector.com/dk/article/swedish-finnish-monava-raises-new-capital-to-scale-up-drone-detection.md), es (https://nordicdefencesector.com/es/article/swedish-finnish-monava-raises-new-capital-to-scale-up-drone-detection.md), fi (https://nordicdefencesector.com/fi/article/swedish-finnish-monava-raises-new-capital-to-scale-up-drone-detection.md), fr (https://nordicdefencesector.com/fr/article/swedish-finnish-monava-raises-new-capital-to-scale-up-drone-detection.md), it (https://nordicdefencesector.com/it/article/swedish-finnish-monava-raises-new-capital-to-scale-up-drone-detection.md), no (https://nordicdefencesector.com/no/article/swedish-finnish-monava-raises-new-capital-to-scale-up-drone-detection.md), pl (https://nordicdefencesector.com/pl/article/swedish-finnish-monava-raises-new-capital-to-scale-up-drone-detection.md)
- Tags: monava, gungnir capital, foundry ventures, hede capital, sverige, finland, ukraina, nato, acoustic drone detection, ai, ukraine, nordic defence, passive sensor system

> Monava has raised capital to scale up its AI-driven acoustic drone detection, which is already used in the Nordic region and Ukraine. According to the company, the investment is intended to meet growing demand and support the commercialisation of the technology.

![Monava's founders Alexander Hebbe, Alexander Faraj and Ilkka O. Lavas](https://imagedelivery.net/XO8UY-c6-LfWgEjQsN8IQw/1a66d107-7f71-41e1-dc9f-f4ec6ae5c400/public)
*Monava's founders Alexander Hebbe, Alexander Faraj and Ilkka O. Lavas · Monava*

**The Swedish-Finnish defence technology company Monava has secured new capital from Gungnir Capital, Foundry Ventures and Hede Capital to scale up its AI-based technology for acoustic drone detection. The capital will be used to commercialise the product and expand operations to meet growing demand.**

According to a press release from Monava, the company is developing a passive system that uses acoustics and AI to detect, track and classify drones. The company states that the systems are already in use in the Nordic region and in Ukraine, and that they have been tested in close cooperation with armed forces.

"The drone threat is developing faster than most defence systems can keep up with. Demand for our technology is now increasing sharply, and the number of enquiries about our sensors daily exceeds our expectations. With Gungnir Capital, Foundry Ventures and Hede Capital behind us, we can accelerate development and meet demand from European defence customers," says Monava's CEO Alexander Hebbe in the company's press release.

Gungnir Capital becomes the largest investor in the funding round, and the fund's managing partner Max Villman is simultaneously joining Monava's board of directors.

"Monava solves a real operational problem with technology that works in the field, and that is exactly the type of company Gungnir Capital exists to back," says Max Villman in the same press release.

## FAQ

**Which investors are behind Monava's new funding round?**

The capital comes from Gungnir Capital, Foundry Ventures and Hede Capital. Gungnir Capital is the largest investor in the round, and the fund's managing partner Max Villman is simultaneously joining Monava's board of directors. The capital will be used to scale up and commercialise the company's technology. Last fact-checked: 2026-08-04.

**What does Monava's drone detection technology do?**

Monava develops a passive system that uses acoustics and AI to detect, track and classify drones. According to the company, the systems are already in use in the Nordic region and in Ukraine, and they have been tested in close collaboration with armed forces. Last fact-checked: 2026-08-04.

**Why is Monava raising capital right now, according to CEO Alexander Hebbe?**

According to Hebbe, the drone threat is evolving faster than most defence systems can keep up with, and demand for Monava's technology is increasing sharply. The number of inquiries about the sensors daily exceeds the company's expectations, requiring increased capacity to meet European defence customers. Last fact-checked: 2026-08-04.

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