LiveDrop raises $2.5 million in defense-focused Seed Round

LiveDrop, a pioneer in secure offline data transfer, has successfully closed an oversubscribed $2.5 million seed round. The round was led by Value Creation Capital, followed by the Dutch Secfund and UK-based Kadmos Capital.

The investment was supported by the continued commitment of the founders and existing investors, including Patronum Investment, who reaffirmed their confidence in LiveDrop’s mission by participating in the round. Their support was complemented by a group of strategic angel investors, including Cees Links, one of the key initiators of Wi-Fi, bringing valuable industry expertise and networks. The strong interest in this financing round underscores the increasing strategic importance of LiveDrop’s technology, both for national security and broader international applications. 

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"The fact that this round was oversubscribed, and that both existing and new shareholders reaffirmed their commitment, is a powerful validation of our direction", Patrick Moreu, CEO at LiveDrop said. "The involvement of Secfund, Value Creation Capital, Kadmos Capital, and Cees Links confirms the strength of our dual-use strategy and opens doors to broader deployment in NATO countries and beyond.”

These strategic investors are playing a key role in supporting LiveDrop’s growth, especially in the defense sector. Secfund, initiated by the Regional Development Agencies, Dutch Ministries of Defense and Economic Affairs, has chosen LiveDrop as an investment target, highlighting the technology’s relevance for national security. The management of this fund with national coverage is assigned to the Brabant Development Agency (BOM) on behalf of the regional development agencies.

“We are pleased that Secfund can contribute to the growth and the ambitions of LiveDrop", Ernst Coolen, Investment Director at Secfund, said. "The technology has a strong link to the defense domain and can be applied in other markets as well, therefore it fits perfectly within the investment scope and supports the fund's objectives.”