# Forterra

> Develops autonomous ground vehicles and driving systems for contested military logistics.

## Why it is interesting

Forterra has fielded vehicles in Ukraine and supplied quantitative mission results. Its $238 million Series C blended equity with debt, so treating all of it as equity venture capital would distort funding totals.

## Profile

- **Latest funding:** Series B — $75M (September 2024)
- **Latest known valuation:** Not publicly disclosed
- **Total disclosed equity funding:** $75M
- **Stage:** growth
- **Status:** private
- **Industries:** defense-tech, robotics, deep-tech
- **Coverage:** full
- **Last updated:** 2026-10-29
- **Latest funding investors:** Moore Strategic Ventures, XYZ Venture Capital, Hedosophia

## Key facts

- 2024 Series B: $75 million led by Moore Strategic Ventures, XYZ Venture Capital and Hedosophia.
- November 2025 Series C: $238 million financing package including both equity and debt; not a pure equity round.
- According to its 2026 a16z AD50 overview, 105 Lancer vehicles were delivered to Ukraine in under six months; as of July the fleet had handled more than 1,100 missions, 777,000 pounds of material and 88 casualty evacuations.
- August 2026: selected for the U.S. Army Infantry Last Tactical Mile initiative; award/program participation is not venture capital.

## Funding history

- Series C (equity and debt package) · $238M (equity + debt; breakdown not disclosed) · November 2025
  Source: https://www.forterra.com/posts/powering-the-future-of-the-battlefield-with-a-238m-series-c
- Series B · $75M · September 2024
  Source: https://www.forterra.com/posts/forterra-raises-75-million-series-b

## Investors in our directory

- https://venturecapitaltracker.com/fund/moore-strategic-ventures
- https://venturecapitaltracker.com/fund/xyz-venture-capital

**By:** [Venture Capital Tracker](https://venturecapitaltracker.com/editorial-policy)
**Last updated:** October 29, 2026

**Editorial note:** AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.

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Source: https://venturecapitaltracker.com/startup/forterra