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Investors / Gardar

Gardar

Venture capital

gardar.vcTakes pitches from founders

Gardar is a Nordic venture capital fund investing in early-stage defense technology companies rooted in the Ukrainian innovation ecosystem. It grew out of Munkene, a pro bono initiative of Nordic business professionals supporting Ukraine's defense industry, and has become a full-time investment operation.

Invests inAI & Machine Learning

In its own wordsdefensedefense techukrainenordicsearly stage

Your fit with Gardar

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1portfolio companies
2funding rounds on record
2rounds, last 12 months
$5M to $20Mtypical round it comes in at
Seedmost frequent entry

Gardar lists 1 checked portfolio company on its own site and is named in 2 funding rounds. Its most frequent entry is Seed, 50% of the companies with a known first round. Its largest theme is AI & Machine Learning (100%). 100% of its companies are based in Estonia.

Counts come from funding rounds that name Gardar, complete from mid-2025: earlier rounds appear only when they were reported later. Round amounts and full round histories are on Fundup AI.

Entry stage

share of companies by the stage of its first round
Show as a table
Share of companies by the stage of the firm's first round
Value
Pre-seed0%
Seed50%
Series A50%
Series B0%
Growth0%

Activity by year

rounds it joined, last 10 years
Show as a table
Funding rounds per year
TotalRounds it led
'1700
'1800
'1900
'2000
'2100
'2200
'2300
'2400
'2500
'2620

Investment themes

share of its checked companies

This firmAll checked companies

Show as a table
Investment themes
This firmAll checked companies
AI & Machine Learning100%18%

Invests most often with

firms sharing its portfolio companies
Show as a table
Co-investors
Share
201 Ventures1
MITS Capital1

All co-investors

Its portfolio companies

where they are based, and what their own sites show

Headquarters

Site status

  • Site answers1100%
  • No longer answers00%
  • Points to another company00%
  • Parked or sold domain00%

A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.

Compare Gardar head to head

portfolio size, rounds, entry stages, themes and the companies both back

Three or more firms at once: portfolio overlap.

Recent portfolio activity

when companies last raised with Gardar
DateCompanyStage
30 Sept 2026M-FLYm-fly.orgSeed

Round details for Gardar

Amounts, full round histories and every co-investor in Gardar's rounds are on Fundup AI. VCinfo covers investors and their portfolios.

See rounds on Fundup AI →

Portfolio

1 company checked against their own sites
CompanyWhat it doesThemesFirst round with itEvidence
M-FLYm-fly.org · EstoniaM-FLY designs and manufactures gimbals for drones and other platforms
AI & Machine LearningAI & Machine Learning
Sept 2026SeedFunding round

About this data

site last read 5 Nov 2026
The homepage of Gardar, as last read
gardar.vc as VCinfo last read it
Site
gardar.vc
Last read
5 Nov 2026
Watching since
6 Nov 2026
Rounds since
30 Sept 2026
Companies checked
1

Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.

How we grade the data

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Get Gardar's profile as data

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VCinfo API
$ curl -H "X-API-Key: YOUR_KEY" \
  https://api.vcinfo.io/v1/firms/gardar.vc

# also
GET /v1/firms/gardar.vc/portfolio
GET /v1/firms/gardar.vc/coinvestors
GET /v1/firms/gardar.vc/news
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