The fresh round was backed by N1 Investment Company, which joined as a strategic partner.

The investment was made via Horizon Capital Growth Fund IV, which typically writes $10–40 million.

Each company will receive grants ranging from €300,000 to €500,000, with access to the EIC Accelerator.

The round was led by Axon Enterprise, with participation from Munkene AS.

Swarmer finished the day at $31 per share and later climbed to above $40, pushing the company’s market capitalization to well over $400 million.

The investment came in the form of a non-dilutive credit facility provided by PvX Partners.

The $400,000 funding round for Black Forest Systems was supported by Swedish investors Front Ventures and Hede Capital Partners.

The pre-seed round saw support from Flyer One Ventures, Vesna Capital, Silicon Gardens, HEARTFELT_, and StratMinds.