Defense technology company UFORCE closed a $700 million Series A funding round at a business valuation of $6 billion. The raised funds will be directed toward developing production facilities in Ukraine and partner countries, the development of laser interception, turrets against "Shaheds," and scaling unmanned systems.
The details of the agreement were reported to the publication "Militarnyi" by the company itself.
The round was led by the UK's state investment fund National Wealth Fund (NWF) and investment company Valor Equity Partners. For NWF, this deal became a record investment in the defense-tech sector. The American-Ukrainian Investment Fund for Reconstruction (URIF) also joined the round, with its funds going toward developing production capacity directly in Ukraine. In addition, previous investors increased their stakes — Shield Capital, Ballistic Ventures, Lakestar, and Squadra — while new participants from Silicon Valley included Menlo Ventures, Xantium, and Hiro Capital.
Under the terms of the agreement, the company's founders did not sell their shares and did not receive any payments or dividends — all capital will go toward the development of the business and the team. UFORCE also reserved a significant portion of shares for its employees as part of an option program.
The raised capital will allow the company to scale up production of the new-generation NEMESIS-class bombers (in particular, the smallest model in the lineup — Nemesis MicroN), MAGURA-family naval drones, and LIUT ground robotic systems. Also, together with the PREDATOR automated turret, engineers are developing the heavy APEX PREDATOR system to counter "Shaheds" and are working on laser interception technology. Detailed specifications of the new developments are currently not being disclosed.
“In the first years of the invasion, the allies united to give Ukraine weapons. Now they are uniting to create it together with Ukraine for a common goal — to make aggression unaffordable for russia,” commented the CEO of UFORCE, Oleh Rohynskyi, on the agreement.
In addition to funding, the company strengthened its management team: former Commander of NATO's Allied Joint Force Command in Europe (2022–2025) General Christopher Cavoli, who is currently a partner at Valor Equity Partners, joined the board of directors. In parallel, the UFORCE team launched the U4Heroes fund to support the health, retraining, and employment of veterans and military personnel in the technology and defense sectors.
It was previously reported that UFORCE began mass-recruiting specialists from Formula 1 to work on unmanned systems. According to Rohynskyi, motorsport gave such engineers a set of skills that transfers well into Defense Tech, since they work with composites and carbon, sensors, electric and conventional engines, and are also accustomed to literally fighting for every extra gram of a structure.
This round became the largest venture capital raise in the history of Ukrainian startups. For comparison, in 2025 Grammarly raised $1 billion from General Catalyst. However, this was not classic equity investing, but financing without diluting owners' stakes, the return on which is tied to the company's future revenue.
Another example is GitLab, co-founded by Ukrainian Dmytro Zaporozhets. During its IPO in 2021, the company raised about $801 million, but this amount also included the sale of shares by existing shareholders. GitLab itself received approximately $650 million after deducting offering expenses.