Denmark's EIFO joins TEKEVER's $580M Series D as company expands into Odense
TEKEVER, a defencetech company that builds AI-centric autonomous systems for defence, security and civil use, plans to set up an operational presence in Odense, Denmark. It would be the company's first in the Nordic region. The announcement followed a meeting in Copenhagen with Danish Defence Minister Jeppe Bruus. TEKEVER is creating a Danish entity and arranging its local operations, and it will build up the presence in phases, depending on demand and approvals.
Alongside the expansion, EIFO, the Export and Investment Fund of Denmark, will become an investor. EIFO has committed to join the closing of TEKEVER's $580 million Series D round, first announced on 23 September 2026 at a valuation of $6.4 billion. The money is meant to fund deeper international expansion, broader industrial and technological capabilities, and strategic acquisitions.
Odense was chosen for its established drone and robotics ecosystem. That includes Odense Robotics, UAS Denmark's International Test Centre, and the University of Southern Denmark's SDU Drone Centre and Flight Lab, which give access to testing and research facilities, specialist companies and talent. TEKEVER already works with Danish partners and sees openings across defence, security and technology. It also plans to explore with Danish stakeholders how its dual-use systems could help monitor critical offshore energy infrastructure.
CEO Ricardo Mendes said the Danish base gives TEKEVER a platform to work with customers and partners across the region, and that over time the company aims to contribute to Danish sovereign industrial and technological capabilities and the wider Nordic region. EIFO CEO Peder Lundquist said the investment brings a leading European defence company closer to Denmark and could lead to more collaboration, technology development and Danish industrial participation in European defence.
Denmark becomes part of TEKEVER's European network, which spans Portugal, the UK, France, Germany and Estonia, following the recent launch of its German hub in Munich.