North Vector Dynamics Raises $20 Million to Scale Kinetic Counter-Drone Hardware

North Vector Dynamics (NVD) has closed a $20-million USD ($29-million CAD) Series A funding round to scale its manufacturing and reach, as BetaKit first reported. The investment, which values the company at $90 million USD ($126 million CAD), was led by the European security-focused firm Tech Horizons. The round also saw participation from CSG, Ripple Ventures, Feld Ventures, Conconi Growth Partners, Garage Capital, and ONE9.

While NVD CEO Paul Ziadé told The Globe and Mail that domestic contributors represented a “sizable minority” of the round, the company remains Canadian-controlled with investors hailing from NATO countries. This latest injection brings NVD’s total equity funding to nearly $28 million USD. The company previously secured $2.5 million CAD in grant funding from the Department of National Defence (DND) through the Innovation for Defence Excellence and Security program, and recently won a $4.2-million CAD, four-year contract from the DND.

Unlike software-centric defense layers, NVD is focused on kinetic interdiction via its flagship CM-70, a precision-guided counter-drone missile interceptor. BetaKit reports that NVD intends to use the new capital to secure supply chains, attract talent, and build out manufacturing capabilities to deliver sovereign capability.

NVD plans to double its headcount to approximately 50 employees and will open an Ottawa office this year, with US and European offices slated for 2027. While NVD is evaluating options for a manufacturing facility, it expects to begin initial production of the CM-70 early next year, with deliveries to customers targeted for 2027. An NVD spokesperson told BetaKit the company is making every effort to build a Canadian supply chain while maintaining integrated relationships with allied partners.