Arctic RAVN raises €2.5m: Evertrace spotted Matti Vansén 442 days earlier

Arctic RAVN has raised €2.5m through a convertible loan. The Espoo-based company makes drone electronics built for battlefield conditions.

Evertrace spotted Matti Vansén, co-founder of Arctic RAVN, 442 days before the funding announcement.

Before the round

On 11 August 2025, Evertrace detected the first signal of company formation for Matti Vansén. That was 442 days before Arctic RAVN's funding announcement.

Arctic RAVN was founded in 2025 at Finnish Defence House.

What they’re building

Many drone parts in use today come from China. Arctic RAVN makes electronic speed controllers, flight controllers, motors and a modular frame system as an alternative.

All products are engineered and assembled in Finland, with components from Europe and NATO-allied countries. The company has invested more than €1 million in scaling the production of its speed controllers.

The round

Arctic RAVN raised the €2.5m as a convertible loan. It will use the funding to scale its production of drone electronics, and its next production phase moves the focus to flight controllers.

Read the funding coverage →

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