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.

The investment saw backing from Lakestar, Shield Capital, and Ballistic Ventures.

Angel One’s second $3 million fund is backed by seven LPs from different countries.

The fresh round saw participation from Axon and BRAVE1.