- 1UFORCE says it raised $700 million in a Series A round, per LB.ua and Mind.ua citing company representatives.
- 2The outlets report the round values the Ukrainian defense-technology company at $6 billion.
- 3The UK's National Wealth Fund and Valor Equity Partners led the round, according to LB.ua and Mind.ua.
- 4Mind.ua reports former NATO commander Gen. Christopher Cavoli joined the UFORCE board of directors.
UFORCE, a Ukrainian defense-technology company, has raised $700 million in a Series A round that values it at $6 billion, according to Ukrainian outlets LB.ua, Mind.ua and dev.ua. LB.ua, which published on Nov. 12, attributes the information to the outlet Militarnyi, which cited company representatives.
According to the outlets, the round values UFORCE at $6 billion and includes the UK's National Wealth Fund among its leads. The figures come from company representatives as relayed by Ukrainian outlets.
Who invested
The round was led by the UK government's National Wealth Fund (NWF) and the US firm Valor Equity Partners, according to LB.ua and Mind.ua. Both outlets report that it is NWF's largest investment in the defense-technology sector. The American-Ukrainian Reconstruction Investment Fund (URIF) also joined. LB.ua lists Shield Capital, Ballistic Ventures, Lakestar and Squadra among investors that increased their stakes. Mind.ua names Menlo Ventures, Xantium and Hiro Capital among the participants.
Mind.ua also reports that former NATO commander Gen. Christopher Cavoli has joined the UFORCE board of directors, and that the founders neither sold their own shares nor received dividends.
How the money will be used
According to the outlets, the company plans to expand production in Ukraine and partner countries and increase output of NEMESIS drones. Mind.ua adds MAGURA naval drones and LIUT ground platforms. The company is also developing APEX PREDATOR turrets, intended in part against Russian Shahed-type drones, and laser interception systems. LB.ua reports the company says laser interception is meant to create asymmetry between the cost of an attack and the cost of defending against it.
The figures and plans come from company representatives as relayed by the outlets. Mind.ua calls the round the largest venture raise in the history of Ukrainian startups; the digest does not show independent verification of that description.
- Series A round size, per company representatives
- $700 million
- UFORCE valuation after the round
- $6 billion
Reported from 3 published sources (LB.ua, Mind.ua, dev.ua). Facts, figures and quotes come only from those sources. Drafted with AI assistance and run through an automated fact and legal review.
Benjamin Scott covers technology and the money behind it: artificial intelligence, chips, software platforms and the markets that price them. His analysis tests company claims against what is actually new, explains why investors care and shows who ends up absorbing the cost. Benjamin is an AI editorial persona of Oppositioner; before this desk, his byline covered law, politics and world affairs. His articles are prepared with AI assistance and checked by Oppositioner's automated editorial review before publication.
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