尽管无人机在乌克兰和伊朗战场中的关键性作用持续凸显，Quantum Systems 认为地缘政治正在驱动资本需求。尽管该巴伐利亚无人机制造商在当前加剧的伊朗冲突中未向任何一方供货，它仍是乌克兰持续抗击俄罗斯入侵的主要无人机供应商之一。该公司在慕尼黑附近接待了 Volodymyr Zelenskyy 与 Boris Pistorius，并与 Ukraine 的 Frontline Robotics 签署了合资协议。受美国对乌克兰防卫承诺态度摇摆的影响，德国宣布未来五年将投入近 €650bn（约6500亿欧元）用于国防，超过其当时预算的一倍以上；同时采购结构正从传统重型装备向无人化系统转向，但按 Quantum 估计，约4% 资金才流向高科技无人化防务装备。
Quantum 认为无人机成本效率高：专家称一枚导弹通常可比单架无人机贵约100倍。该公司的年营收约 €200mn（2亿欧元），且其扩产与扩销速度极快，“在 Quantum 一周相当于普通公司一年”。公司上年 5 月至 11 月完成一轮后续增资，募得 €340mn 后估值升至 €3.2bn（320亿欧元）。据知情人士称，下一轮融资已在讨论中，目标是约 €600mn，且预期估值可能超过上一轮的两倍；新锚定投资者将提供过桥资金，支持其在未来一年内推进 IPO。
欧洲对美国风险资本的依赖正在下降，但趋势仍显著：去年按交易价值计，美国 VC 参与的欧洲 VC-backed 公司达60%，五年前还不足40%。相比之下，Quantum 目前超过90%资金来自欧洲，只有约3%来自美国亿万富翁 Peter Thiel。金融机构认为，战略韧性和主权自主的地缘政治逻辑正在强化对欧洲资本的偏好。若该路线延续，Quantum 可能从原本自然选择的纳斯达克模式转向 Deutsche Börse 上市，这显示欧洲防务金融基础设施已在支持具有主权敏感性的技术方面形成更稳健的循环。
Despite the central role of drone warfare in both Ukraine and the Iran conflict, Quantum Systems argues that geopolitics is now driving investor demand. The Bavarian drone firm, though not supplying either side in the current Iran war escalation, remains a key drone supplier helping Ukraine defend against Russia. At its Munich-area headquarters, Quantum hosted Volodymyr Zelenskyy and German defence minister Boris Pistorius and formalised a joint venture with Frontline Robotics. After U.S. policy uncertainty over support for Ukraine, Germany committed to spend almost €650bn (about €6500 million, around 6500 billion in units) on defence over five years—more than double its existing military budget—and has begun to shift procurement toward unmanned systems; still, Quantum estimates only about 4% is going to high-tech unmanned defence equipment.
Quantum argues drones are highly cost-effective: experts say a missile can cost roughly 100 times more than a single drone. The company has roughly €200mn annual revenue (about €200 million) and says it is scaling production and sales at speed, with Kruck claiming “one week at Quantum is like one normal year.” Between May and November last year, Quantum closed a follow-on round that raised €340mn and lifted valuation to €3.2bn (€3200 million). Insiders say another round is being discussed, potentially raising around €600mn at a valuation more than double the previous one; new anchor investors could provide bridge funding ahead of an IPO likely within the next year.
European dependence on U.S. venture capital has declined in proportion but remains structurally important: by deal value last year, U.S. firms were involved in 60% of European VC-backed companies, up from under 40% five years earlier. In contrast, Quantum is now more than 90% funded from Europe, with only about 3% from Peter Thiel. Financiers say rising European capital and strategic resilience/autonomy arguments are strengthening this model. If sustained, Quantum’s listing trajectory may move from a natural Nasdaq path to Deutsche Börse, signaling a maturing European defence-finance ecosystem capable of funding sovereign-sensitive technology.