Thiel-backed Drone Maker Quantum Systems to Seek €3 Billion Valuation

Quantum Systems, a German drone maker backed by Peter Thiel, will seek to raise money at a valuation of as much as €3 billion ($3.5 billion) this year.

The company is looking to raise between €200 million and €300 million by the end of 2025, according to people familiar with the matter, who asked not to be identified because the plans are not public.