White & Case advises Lightspeed Venture Partners and General Catalyst on Helsing’s US$1.8 billion Series E financing

Global law firm White & Case has advised Lightspeed Venture Partners, as co-lead investor, and General Catalyst on their participation in Helsing's US$1.8 billion Series E financing round.

Helsing is a European defense technology company focused on AI and software-based solutions and has completed the funding round at a valuation of US$18 billion. The funding round included new and existing institutional investors such as Dragoneer Investment Group, Lightspeed Venture Partners, Disruptive, Iconiq, Growth Equity at Goldman Sachs Alternatives, JPMorgan Chase, Canada Pension Plan Investment Board (CPP Investments), General Catalyst, Plural and Stepstone.

The financing will support Helsing's continued development and deployment of AI platforms for defense applications across multiple jurisdictions. Helsing remains majority European-owned and will maintain its existing governance structure.

Lightspeed Venture Partners, which has backed Helsing since its Series C funding round in 2024, is a multi-stage venture capital firm focusing on supporting innovation and trends in the enterprise, consumer and healthcare sectors with an emphasis on category-defining businesses that change the way we interact today and enable a visionary tomorrow. The firm has supported hundreds of founders and helped build more than 500 extraordinary companies worldwide.

General Catalyst is a global investment and transformation company with venture at its core that has supported the growth of 800+ businesses, and has been an investor in Helsing since its Series B funding round in 2023. General Catalyst meets the most ambitious founders where they are from seed to growth stage and beyond to drive resilience and applied AI.

The White & Case team in Berlin which advised on the transaction was led by partner Norman Röchert and included associates Jasmin Bechtold and Anna Hankings-Evans.

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