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Ukrainian Defense Tech Startup Hits $6 Billion Valuation as Investors Bet on Battle-Tested Drones
The round was co-led by Valor Equity Partners and the U.K.'s National Wealth Fund as UFORCE expands production of battlefield-tested autonomous systems.
- On Thursday, UFORCE, a defence-technology company, announced a $700 million Series A financing round valuing the firm at $6 billion, co-led by Valor Equity Partners and the National Wealth Fund.
- Growing investor interest in autonomous weapons systems tested on Ukraine's battlefield fueled the round, as NEMESIS drones have completed more than 300,000 combat flights and MAGURA vessels destroyed more than a dozen Russian warships.
- UFORCE CEO Oleg Rogynskyy stated the company chose investors for strategic value, noting engineers receive continuous battlefield feedback; capital will support expanded production in Ukraine and allied nations to meet global demand.
- The U.S.-Ukraine Reconstruction Investment Fund participated, marking its largest investment in the emerging technology sector; Head of Investments Conor Coleman said the deal strengthens Ukraine's economic fortitude and security.
- Former NATO Supreme Allied Commander Europe Christopher Cavoli joined the board as UFORCE scales production of LIUT and PREDATOR families to support NATO and Joint Expeditionary Force networks globally.
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The war in Ukraine has fundamentally changed modern warfare, and is now reshaping the European defense industry. Uforce, a merger of Ukrainian drone manufacturers, has raised $700 million in a new round of funding. Investors include the UK sovereign wealth fund, which contributed $150 million. The company is now valued at $6 billion, making it the most valuable British defense startup.
·Ljubljana, Slovenia
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UFORCE raises $700M at $6 billion valuation from Leading Tech and Sovereign Wealth Funds to scale combat-proven defence systems for Ukraine and Allied Nations
UFORCE raises $700 million at a $6 billion valuation, co-led by Valor Equity Partners and the UK National Wealth Fund, and with participation from the...
·Chicago, United States
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*Founded in Ukraine and based in London, UFORCE announces a series A of 700 million dollars (about 595 million euros), for a valuation of 6 billion
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