A UK firm has raised £30 million in Series A funding to develop low-cost drone interceptors.

Greenjets believes it can become the UK’s next aerospace ‘prime’ – primary contractor – which essentially puts it at the top of a supply chain.

The round was led by Blossom Capital with participation from the NATO Innovation Fund (NIF), the National Security Strategic Investment Fund (NSSIF), and existing investors including Tanglin Ventures and NSFO Family Office.

The announcement comes days after Greenjets was named one of three companies selected by the Ministry of Defence under the Low-Cost Air Defence Effectors (LCADE) programme to develop a British low-cost drone interceptor.