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Daniel Ek-backed defense tech Helsing to raise $1.2B at $18B valuation

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Five-year-old European military drone startup Helsing is reportedly close to raising a new $1.2 billion round at about an $18 billion valuation. The round is expected to be led by Dragoneer and co-led by existing Helsing investor Lightspeed, the Financial Times reported.

Helsing last raised just under a year ago, in June 2025, in a deal that was led by billionaire Spotify founder Daniel Ek. That was a €600 million investment at an estimated €12 billion valuation ($14 billion USD). So this new round is a step-up.

While Helsing isn’t the only European unicorn defense tech, it is by far the one that investors deem the most valuable. For instance, German drone maker Quantum Systems raised €180 million in November, which valued it at more than €3 billion. And a year ago, Lisbon-headquartered Tekever raised £400 million at a valuation above £1 billion. Amid Russia’s ongoing war in Ukraine, the proving ground for new technologies, autonomous defense startups have become a hot area for VCs.

Helsing, Dragoneer, and Lightspeed could not be immediately reached for comment.

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Blackout hits Nasarawa, Benue, as vandals destroy six TCN APIR-Lafia towers

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Parts of Nasarawa and Benue states are experiencing electricity supply disruptions as vandals destroyed six Transmission Company of Nigeria, TCN, APIR-Lafia towers.

TCN spokesperson, Ndidi Mbah, disclosed this in a statement on Tuesday.

Mbah said TCN’s towers, T125 to T130, collapsed on May 30th, due to a heavy downpour.

She noted that preliminary investigation by the agency showed that the critical components of the lines were vandalized.

TCN said that incident resulted in both the Apir–Lafia 330 kV transmission lines, I and II, being out of service pending the reconstruction of the affected towers.

“This incident directly affects electricity supply to communities within the franchise areas of Abuja Electricity Distribution Company and Jos Electricity Distribution Company.

“Meanwhile, the Lafia 330kV Transmission Station is being supplied through the Lafia–Jos transmission line as a temporary measure to minimize the impact of the outage on affected electricity customers within the franchise areas of Abuja Electricity Distribution Company (AEDC) and Jos Electricity Distribution Company (JEDC),” TCN stated.

TCN condemned the incident and appealed to host communities and general public to report any suspicious activities around transmission installations.

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History Made in Mali: Ability Udom Leads Nigeria’s Golden Surge at African Taekwondo Championship

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Nigeria’s Ability Udom lived up to her name by proving there is indeed “Ability in Disability” after becoming the country’s first gold medalist at the ongoing African Taekwondo Championships in Mali.

READ ALSO: Seven Countries to Participate as Motherland Heritage Cup Berths  

Udom, one of the 11 athletes representing Nigeria at the championship and one of only three para-athletes in the contingent, clinched gold in the women’s K44 -57kg category of the para-taekwondo event.

The Akwa Ibom-born athlete, ranked No. 1 in her category, ensured Nigeria’s place among the championship’s top performers by delivering the country’s first gold medal at the competition, which ran from May 30 to June 2 in Mali.

Nigeria’s gold medal haul was further boosted by Haruna Usman and Faridah Aderibigbe, who emerged champions in the U-40 Male Poomsae and U-30 Female Freestyle Poomsae events respectively.

Speaking after her triumph, Udom expressed delight at her achievement and thanked Nigeria Taekwondo Federation President, Ms. Tayo Popoola, for her unwavering support.

“I am happy with my achievement, especially helping my country, Nigeria, win a gold medal in my event,” she said.

“I am grateful to God because my name is working — Ability. I have shown that there is Ability in Disability.”

Five other Nigerian athletes also secured bronze medals across various events. UK-based Juel Jordan claimed bronze in the men’s heavyweight (+87kg) category, while 2024 African Games bronze medalist Chidinma Okoko added another bronze in the women’s -62kg division.

Salawudeen Abdulafeez earned Nigeria’s third bronze medal after finishing third in the U-30 Male Poomsae event. Abdulafeez and Aderibigbe also combined to win bronze in the Pair Poomsae category.

Reacting to the team’s performance, Nigeria Taekwondo Federation President, Ms. Tayo Popoola, commended the athletes and reaffirmed the federation’s commitment to providing them with more exposure through international competitions.

She also expressed appreciation to the National Sports Commission for supporting the team’s participation in the championship.

Popoola noted that the tournament was highly competitive, featuring athletes from more than 35 countries, including several world and Olympic medalists.

“It was a tough championship,” Popoola said. “We won three gold medals, one silver medal and four bronze medals.

“I am delighted that our athletes gave their best and represented Nigeria with pride. It is encouraging to see that we now have athletes capable of competing with the very best across Africa at major championships.”

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