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YPOG advises AI defence company Helsing on €209 million Series B financing round

Berlin, 14 September, 2023 – A YPOG team led by Dr Benjamin Ullrich advised Helsing comprehensively on its €209 million Series B financing round. The round was led by General Catalyst and the Swedish group Saab participates as a strategic investor, deepening the existing partnership with Helsing.

Founded in 2021, the Munich based company is a new type of defence company, developing AI-based capabilities to protect our democracies. Helsing’s software-only approach and deep partnership with the industry have led to rapid market adoption across Europe. In June 2023, the German government selected Helsing and its partner Saab to provide the new AI-enabled electronic warfare capabilities for the upcoming update of the Eurofighter. In August 2023, Helsing and its consortium partners won the contract to provide the AI backbone for the Future Combat Air System (FCAS) programme.

Helsing’s mission to protect democracies places special responsibility on the ethical consideration of new technologies, in particular artificial intelligence. The company takes an intentional approach to transparency, explainability and the effectiveness of the human in the loop.

YPOG has advised Helsing since its incorporation, including on its €102.5 million Series A financing round in November 2021.


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YPOG is a law firm specialized in tax and business law, active in the core fields of Funds, Tax, Banking + Finance, and Transactions. The team at YPOG represents a broad client base, which ranges from emerging technology companies and family-run SMEs to large corporations, as well as private equity, and venture capital funds. YPOG is one of the leading advisors for venture capital, private equity, and fund structuring in Germany. The firm and its partners have been recognized nationally and internationally by JUVE, Best Lawyers, Legal 500, Focus, Chambers and Partners as well as Leaders League. Today, YPOG has more than 120 experienced lawyers and tax specialists and a notary, in three offices, located in Berlin, Hamburg, and Cologne.