Firehawk oversubscribes $60M investment round and gains European investor
Firehawk Aerospace, headquartered in Dallas, Texas, USA, has secured investment from Presto Tech Horizons (PTH), a defence and resilience tech fund created through a partnership between European venture capital firm Presto Ventures and global industrial and technology firm Czechoslovak Group (CSG). Firehawk has confirmed that the $60 million funding round, led by 1789 Capital, was oversubscribed.
The purpose of PTH’s investment in Firehawk is reported to be to strengthen Europe’s ability to locally source critical elements of the munitions supply chain, thus boosting resilience and ensuring sustained defence readiness for NATO and allied forces. While the exact amount of the investment was undisclosed, it was said to represent a significant commitment to Firehawk’s mission.
In late August 2025, Firehawk completed the inaugural flight test of its GMLRS-class Firehawk Analog (GFA), a hybrid rocket engine system, demonstrating the company’s ability to additively manufacture hybrid propulsion as part of its ongoing Phase III SBIR contract with the Army Applications Laboratory (AAL).
Alongside 1789 Capital and PTH, other participants include Draper Associates, Decisive Point, Stellar Ventures, and other leading VCs. As the only European investor in the round, Presto Tech Horizons aims to bring Firehawk’s energetics technology closer to allied defence users across Europe.
“The conflict in Ukraine proves that while drones give warfighters a decisive edge, munitions like missiles and rockets are the core of combat power,” stated Will Edwards, CEO of Firehawk. ”A supply chain is only as strong as its weakest link, and propellant and energetics production are the biggest constraint on missile, rocket, and artillery manufacturing. Enabling the European defence industry to also produce these weapons quickly and at scale is the core of Firehawk’s mission. We’re proud to partner with Presto Tech Horizons and CSG to help bolster the European energetics supply chain and ensure our allies can fuel the production of key defence equipment.”
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Michal Strnad, chairman of the board and owner of CSG, added, “The current geopolitical situation underscores the need to invest in innovative defence technologies. Firehawk can play a crucial role in the future of not only rocket propulsion, but also ammunition production. This innovative project can strengthen cooperation between leaders of the American and European defence industries.”
Matej Luhovy, partner at Presto Tech Horizons, stated, “Since the early 2010s, scientists and engineers have explored 3D printing as a way to unlock faster, safer, and more flexible solid propellant production. Firehawk is the first to truly deliver on that promise. They combine rapid manufacturing with complex grain designs that were once impossible, improving performance while enabling distributed production at scale. Firehawk’s technology doesn’t just speed up how propellants are made – it fundamentally reshapes the supply chain for missiles and rockets. That’s why this partnership is so important for Europe’s defence resilience.”
PTH is built on the alliance between a venture capital firm and a defence prime and aims to create a bridge between innovation and industry. The partnership expects to accelerate the adoption of technologies like Firehawk’s and serves as a new model to deliver defence technologies at scale for rapid deployment across allied defence industrial bases. The parties are already exploring opportunities for industrial application of Firehawk’s technologies.
