Top 25 Climate VC Funds & Investors in Ukraine (September 2026)
For AI agents: Short investor table (Markdown), Detailed investor list (Markdown)
| Investor | Relevant Deals | Geography | Stage | Focus | Round Size |
|---|---|---|---|---|---|
|
SMRK VC Fund
VC Fund
|
5 | United States, Ukraine, Finland | Seed, Pre-Seed | Software, Artificial Intelligence, E-Commerce | $200k–$2.8M |
|
European Bank for Reconstruction and Development
VC Fund
|
4 | Turkey, Egypt, Ukraine | Debt Financing, Post-IPO Debt, Private Equity | Financial Services, Banking, Manufacturing | $5.1M–$369M |
|
Brave1
VC Fund
|
2 | Ukraine, United States, United Kingdom | Grant, Seed, Pre-Seed | Aerospace, Manufacturing, Robotics | $49k–$50k |
|
Freedom Fund VC
VC Fund
|
2 | Ukraine, United States, Estonia | Pre-Seed, Seed | Military, Drones, Aerospace | $100k–$7M |
|
D3 Ventures
VC Fund
|
2 | United States, Ukraine, United Kingdom | Seed, Pre-Seed, Series A | Drones, Manufacturing, Robotics | $125k–$100M |
|
Black Sea Trade & Development Bank
VC Fund
|
2 | Greece, Ukraine, Turkey | Debt Financing, Post-IPO Debt | Financial Services, Banking, Energy | $5.5M–$370M |
|
Horizon Capital
VC Fund
|
2 | Ukraine, Moldova, United States | Private Equity, Series A | Software, E-Commerce, Financial Services | $5M–$112M |
|
Big Defence
VC Fund
|
1 | Ukraine | Seed | Aerospace, Manufacturing, Air Transportation | |
|
JSC «VST BANK».
VC Fund
|
1 | Ukraine | Debt Financing | Electronics, Electric Vehicle, Charging Infrastructure | |
|
Traxys S.A.
VC Fund
|
1 | United States, Canada, Ukraine | Debt Financing, Corporate Round, Series A | Mining, CleanTech, Industrial | $500k–$35M |
|
JSC KredoBank
VC Fund
|
1 | Ukraine | Debt Financing | Electronics, Electric Vehicle, Charging Infrastructure | |
|
Accordbank
VC Fund
|
1 | Ukraine | Debt Financing | Drones, Wholesale, E-Commerce | |
|
UNBROKEN Ukraine
VC Fund
|
1 | Ukraine | Seed | AgTech, Drones, Robotics | |
|
Ukrainian Startup Fund
VC Fund
|
1 | Ukraine, United States, United Kingdom | Grant, Pre-Seed, Seed | Software, Information Technology, Health Care | $25k–$150k |
|
Double Tap Investments
VC Fund
|
1 | Ukraine | Seed, Pre-Seed | Robotics, Software, Analytics | $600k–$600k |
|
First Ukrainian International Bank
VC Fund
|
1 | Ukraine, United Kingdom | Debt Financing | AgTech, Energy, Farming | $183k–$72M |
|
Pravo Ventures
VC Fund
|
1 | Ukraine, United States | Seed, Venture - Series Unknown | Military, Software, Aerospace | |
|
Unpopular Ventures
VC Fund
|
1 | United States, Mexico, India | Seed, Pre-Seed, Series A | Software, Artificial Intelligence, FinTech | $500k–$34M |
|
Oschadbank
VC Fund
|
1 | Ukraine, Latvia | Debt Financing, Post-IPO Debt | Energy, Renewable Energy, Solar | $10M–$77M |
|
Research Capital Corporation
VC Fund
|
1 | Canada, Ukraine | Post-IPO Equity, Seed, Post-IPO Debt | Robotics, Drones, Energy | $560k–$8M |
|
Green Flag Ventures
VC Fund
|
1 | Ukraine, Estonia, United States | Seed, Series A | Software, Military, Aerospace | $150k–$2.7M |
|
Front Ventures
VC Fund
|
1 | Ukraine, Poland, Sweden | Seed, Pre-Seed | Robotics, Drones, Internet | $400k–$1.7M |
|
Nezlamni Fund
VC Fund
|
1 | Ukraine, United States | Seed, Pre-Seed | Drones, Robotics, AgTech | $150k–$2.5M |
|
Innovate UK
VC Fund
|
1 | United Kingdom, United States, Ireland | Grant, Seed, Pre-Seed | Health Care, Biotechnology, Software | $57k–$3.5M |
|
Defence Builder
VC Fund
|
1 | Ukraine | Seed, Grant, Pre-Seed | Manufacturing, Robotics, Aerospace | |
| Access all 72 VC funds in Ukraine Climate startups. | |||||
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SMRK VC Fund is an investment firm that funds seed and early stage companies. Their projects are Allset, Preply, Competera and AJAX Systems. SMRK is a Ukraine-based company that was founded in 2013 by Oleksandr Kosovan and Andriy Dovzhenko.
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- Industry: Software, Artificial Intelligence, E-Commerce
- Stage:Seed, Pre-Seed
- Geography: United States, Ukraine, Finland
Investor stats
- Total investments: 42
- Round size: Seed $200k–$2.8M; Pre-Seed $500k–$2M
- Lead/follow: 62% lead, 38% follow
- Last fund: May invest from a new fund soon — last raise in 2021
Portfolio highlights
- MyChatBot — Build sales, support, social, voice and custom AI agents in one workspace. Automate every channel, team and workflow with one AI platform.
- Principle — Test your strategic decisions before you commit. Principle simulates competitors, regulators, and market forces to stress-test your bets against adversarial reality.
- Turnkey Lender — Turnkey Lender is a Commercial lending software that can improve efficiency and reduce costs for financial services companies.
The European Bank for Reconstruction and Development (EBRD) invests in changing lives. Through our financial investments, business services and work on policy reform, we're doing more than ever before to build open, market economies across 3 continents.
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- Industry: Financial Services, Banking, Manufacturing
- Stage:Debt Financing, Post-IPO Debt, Private Equity
- Geography: Turkey, Egypt, Ukraine
Investor stats
- Total investments: 491
- Round size: Post-IPO Debt $17M–$369M; Debt Financing $5.1M–$225M; Private Equity $15M–$100M
- Lead/follow: 76% lead, 24% follow
Portfolio highlights
- Akbank — Akbank provides banking transactions for economic, financial, and commercial endeavors and activities. Their banking applications include corporate and investment banking, commercial banking, SME banking, retail banking, payment systems, treasury transactions, private banking, and international banking services.
- Infinity Power — Infinity Power is the largest African renewable energy company, offering innovative solutions in solar power, wind energy, and low-carbon hydrogen technologies. Discover our projects and commitment to sustainable energy solutions.
- QNB Türkiye — QNB Finansbank is a Turkish bank with headquarters in Istanbul. That provides Banking service.
Brave1 is an entrance point for cooperation in the field of Ukrainian defense technology.
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- Industry: Aerospace, Manufacturing, Robotics
- Stage:Grant, Seed, Pre-Seed
- Geography: Ukraine, United States, United Kingdom
Investor stats
- Total investments: 8
- Round size: Grant $49k–$50k
- Lead/follow: 75% lead, 25% follow
Portfolio highlights
- Huless — The Tethered UAS "Highline-T" as part of the military communications development strategy
- MaXon Systems — MaXon Systems operates as a defense tech company. MaXon Systems develops an autonomous air-to-air defense system.
- Sky Hunter —
We invest in technology-based start-ups that have the potential to disrupt the defence innovation cycle.
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- Industry: Military, Drones, Aerospace
- Stage:Pre-Seed, Seed
- Geography: Ukraine, United States, Estonia
Investor stats
- Total investments: 12
- Round size: Seed $150k–$2.5M; Pre-Seed $100k–$7M
- Lead/follow: 17% lead, 83% follow
Portfolio highlights
- Mara — autonomous horde of the free world
- MaXon Systems — MaXon Systems operates as a defense tech company. MaXon Systems develops an autonomous air-to-air defense system.
- Occam Industries — Modernising automation for modern conflict environments. Sole European supplier to the Ukrainian front line.
This is an example page. It's different from a blog post because it will stay in one place and will show up in your site navigation (in most themes). Most people start with an About page that introduces them to potential site visitors. It might say something like this: Hi there! I'm a bike messenger
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- Industry: Drones, Manufacturing, Robotics
- Stage:Seed, Pre-Seed, Series A
- Geography: United States, Ukraine, United Kingdom
Investor stats
- Total investments: 20
- Round size: Seed $200k–$50M; Pre-Seed $125k–$519k; Series A $15M–$100M
- Lead/follow: 10% lead, 90% follow
Portfolio highlights
- UFORCE — UFORCE is a defence technology business that specialises on combat-proven unmanned systems for air, ground, and marine operations.
- Buntar Aerospace — Buntar Aerospace is an aerospace manufacturing company. It provides navigation systems with artificial intelligence modules,drones, and custom software.
- Tytan Technologies — TYTAN Technologies builds autonomous interceptors engineered for the realities of modern drone warfare.
The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by 11 countries in the Black Sea region.
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- Industry: Financial Services, Banking, Energy
- Stage:Debt Financing, Post-IPO Debt
- Geography: Greece, Ukraine, Turkey
Investor stats
- Total investments: 57
- Round size: Post-IPO Debt $5.5M–$339M; Debt Financing $7.1M–$370M
- Lead/follow: 77% lead, 23% follow
Portfolio highlights
- OKKO Group — OKKO Group operates fuel retail and is expanding into renewable energy generation in Ukraine.
- Metinvest Group — Metinvest is an international, vertically integrated mining and metals company. The Group comprises mining and metallurgical assets in Ukraine, Europe and the US, complemented by a global sales network. Metinvest manages the complete production chain, from extracting iron ore and coal to manufacturing semi-finished and finished steel products. Withassets close to key railway lines and ports, Metinvest can supply raw materials and steel products anywhere in the world.
- Econergy Renewable Energy — Econergy to create, own, and manage utility-scale renewable energy projects, guided by in-depth knowledge of the industry, regulations, and technology at each crucial stage, from creation to supply
Horizon Capital is a private equity firm in Ukraine backed by over 40 institutional investors, managing funds with assets under management of over $1.1 billion and a tenure of 25 years in the region. The firm is an active, value-added growth equity investor, investing alongside visionary entrepreneurs leading transformational businesses in Ukraineand the near region. Our investment strategy focuses on export champions in technology, e-commerce and other innovative industries. We are known for our strong team, high integrity and governance, value creation and track record of successful investments.
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- Industry: Software, E-Commerce, Financial Services
- Stage:Private Equity, Series A
- Geography: Ukraine, Moldova, United States
Investor stats
- Total investments: 42
- Round size: Series A $5M–$22M; Private Equity $7M–$112M
- Lead/follow: 67% lead, 33% follow
- Last fund: Likely actively investing — fund raised in 2026
Portfolio highlights
- Viseven — Discover the future of pharma marketing with Viseven martech solutions. Elevate strategies, bridge gaps, and unlock growth!
- HOLYWATER TECH — HOLYWATER is a tech company reshaping entertainment. From books to audiobooks, interactive stories and video series, we build worlds you can explore and personalize.
- NOTUS energy — NOTUS energy development is a planning, implementing and operating wind energy company.
updated site for BigD
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- Industry: Aerospace, Manufacturing, Air Transportation
- Stage:Seed
- Geography: Ukraine
Investor stats
- Total investments: 2
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- HIMERA — A resilient communication system that operates in the most challenging conditions.
- MaXon Systems — MaXon Systems operates as a defense tech company. MaXon Systems develops an autonomous air-to-air defense system.
JSC ‘VST BANK’ (Joint Stock Company ‘VST BANK’) is a Ukrainian financial institution formerly known as Bank Vostok.
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- Industry: Electronics, Electric Vehicle, Charging Infrastructure
- Stage:Debt Financing
- Geography: Ukraine
Investor stats
- Total investments: 1
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- ECOFACTOR — ECOFACTOR is Ukraine’s #1 EV charging network and a full-stack software and hardware ecosystem, powering over 730+ charge point operators across 13 countries. From sun to wheel, we design and manufacture EV charging stations, deliver scalable charge point management systems for businesses, and operate a driver app with 350,000+ users. In 2025, weare expanding into renewable energy hubs, further strengthening resilient, future-proof mobility infrastructure.Born from Ukrainian engineering excellence, ECOFACTOR builds EV charging solutions proven to perform under extremely harsh conditions and highly unstable power grids. Even amid blackouts and severe grid stress, our technology has demonstrated exceptional reliability. This resilience has fueled rapid growth in Ukraine and continued international expansion across Europe, the UK and Central Asia.
From exploration and mining to trading and marketing, we provide critical sourcing solutions for the ferroalloy, metal, mineral, mining and energy industries that power modern life.
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- Industry: Mining, CleanTech, Industrial
- Stage:Debt Financing, Corporate Round, Series A
- Geography: United States, Canada, Ukraine
Investor stats
- Total investments: 8
- Round size: Series A $16M–$30M; Debt Financing $2M–$35M; Corporate Round $500k–$9M
- Lead/follow: 50% lead, 50% follow
Portfolio highlights
- Phoenix Tailings — Phoenix Tailings leads rare earth refining in the U.S. to secure the metals our economy and defense need to thrive.
- Westwin Elements — Westwin Elements is a supplier of nickel and cobalt that is essential to key applications.
- Sedibelo Resources — Sedibelo Resources is a developing producer of platinum group metals (PGMs), is active in the acquisition, exploration for, and development and operation of deposits
Access 48,091 investors
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Browse database — It's Free!The Public JSC KredoBank is a bank headquartered in Lviv in Ukraine.
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- Industry: Electronics, Electric Vehicle, Charging Infrastructure
- Stage:Debt Financing
- Geography: Ukraine
Investor stats
- Total investments: 1
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- ECOFACTOR — ECOFACTOR is Ukraine’s #1 EV charging network and a full-stack software and hardware ecosystem, powering over 730+ charge point operators across 13 countries. From sun to wheel, we design and manufacture EV charging stations, deliver scalable charge point management systems for businesses, and operate a driver app with 350,000+ users. In 2025, weare expanding into renewable energy hubs, further strengthening resilient, future-proof mobility infrastructure.Born from Ukrainian engineering excellence, ECOFACTOR builds EV charging solutions proven to perform under extremely harsh conditions and highly unstable power grids. Even amid blackouts and severe grid stress, our technology has demonstrated exceptional reliability. This resilience has fueled rapid growth in Ukraine and continued international expansion across Europe, the UK and Central Asia.
Accordbank is an investment holding firm that also provides banking and financial services. Its service offering consists of personal banking, financial services, corporate banking, and priority banking services. It offers its clients banking solutions for corporate finance, investment banking, project financing, trade and commodities finance,capital market products, treasury banking, international banking, securities, and contracting, among other services.
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- Industry: Drones, Wholesale, E-Commerce
- Stage:Debt Financing
- Geography: Ukraine
Investor stats
- Total investments: 1
- Lead/follow: 100% lead, 0% follow
Portfolio highlights
- General Cherry — General Cherry manufactures and sells FPV kamikaze strike drones for military applications.
UNBROKEN is a humanitarian initiative providing medical treatment, rehabilitation, and support services to war-affected individuals.
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- Industry: AgTech, Drones, Robotics
- Stage:Seed
- Geography: Ukraine
Investor stats
- Total investments: 1
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Ailand Systems — Ailand Systems specializes in the development of smart autonomous drones with a focus on agriculture. The company designs both software and hardware components to enhance situational awareness and operational efficiency in agricultural practices. Ailand Systems' technology aims to optimize crop monitoring, data collection, and farmingoperations through the use of drones. With a team that has experience in creating products that have been acquired by major corporations, Ailand Systems is dedicated to innovating in the field of agricultural robotics. The company is based in Ukraine and has a small team of specialists committed to advancing drone technology for agricultural applications.
USF originally set up to promote the development of the local startup ecosystem and today is the largest local angel investor with already 130 funded startups and the most extensive startups database and stakeholders (over 3,000 applications).
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- Industry: Software, Information Technology, Health Care
- Stage:Grant, Pre-Seed, Seed
- Geography: Ukraine, United States, United Kingdom
Investor stats
- Total investments: 242
- Round size: Seed $50k–$150k; Grant $25k–$50k; Pre-Seed $25k–$50k
- Lead/follow: 83% lead, 17% follow
Portfolio highlights
- Josti — Josti is a proptech platform that allows users to rent homes for one to twelve months without paying real estate fees.
- Romtos — Romtos is a career path portal that connects IT firms, students, and freelancers.
- PeopleForce — PeopleForce is one of the BEST and fastest growing online HR Software service provider, we consist of highly qualified and experienced members with dedicated team. we love the fact that our solution and software is making HR service more convenient and easy for our customer. Our Product Include Applicant Tracking Software: Our service help youfind the right person more faster and easier Staff Onboarding: Every phase of onboarding process with a new employer is important. By using our onboarding software you will increase employee retention and save more money and stress. Leave tracking: Leave tracking will help you to easily record leave for holidays, vacations, half-day etc.Electronic signatures: Tool to sign your documentHR Reporting: This prove report on all employee on annual salary and current employment status with date range.Performance management: Measure the effective and efficient manner to employee process that enhances your employee’s performance through aligned goals and development. employee directory: Employer master database, thus providing all the information about employee. Custom workflows: Design a custom workflow to fit your organization needs. At PeopleForce , we understand the difficulties in getting the best hands. We also understand the necessity to use good and reliable software and service. We're here to help all of our customers and their unique needs. PeopleForce we “OFFER THE BEST”
Double Tap Investment (DTI) is committed to invest in Ukrainian defense technology startups
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- Industry: Robotics, Software, Analytics
- Stage:Seed, Pre-Seed
- Geography: Ukraine
Investor stats
- Total investments: 5
- Round size: Seed $600k–$600k
- Lead/follow: 80% lead, 20% follow
Portfolio highlights
- Griselda — Transforming complex data into meaningful insights
- TheFourthLaw — TheFourthLaw develops robotic systems to enhance robot capabilities across diverse applications.
- Hard Cat Drones — Hard Cat Drones specializes in the development of innovative unmanned systems for river and maritime operations.
First Ukrainian International Bank is a large and steadfast privately owned bank.
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- Industry: AgTech, Energy, Farming
- Stage:Debt Financing
- Geography: Ukraine, United Kingdom
Investor stats
- Total investments: 3
- Round size: Debt Financing $183k–$72M
- Lead/follow: 33% lead, 67% follow
Portfolio highlights
- DTEK — DTEK Group is a diversified energy holding that includes six businesses and Academy DTEK, our corporate university. DTEK Group is the largest private investor in the energy sector in Ukraine, with over €12 billion in invested capital since 2005, employing 55,000 people.
- Agrovista — Your local agronomy experts. Talk to us for; Agronomy - Seed Supply - AgChem/Inputs - Trials/Technical - Precision Technology - Business Support
- ECOFACTOR — ECOFACTOR is Ukraine’s #1 EV charging network and a full-stack software and hardware ecosystem, powering over 730+ charge point operators across 13 countries. From sun to wheel, we design and manufacture EV charging stations, deliver scalable charge point management systems for businesses, and operate a driver app with 350,000+ users. In 2025, weare expanding into renewable energy hubs, further strengthening resilient, future-proof mobility infrastructure.Born from Ukrainian engineering excellence, ECOFACTOR builds EV charging solutions proven to perform under extremely harsh conditions and highly unstable power grids. Even amid blackouts and severe grid stress, our technology has demonstrated exceptional reliability. This resilience has fueled rapid growth in Ukraine and continued international expansion across Europe, the UK and Central Asia.
A closed-wall syndicate giving Western allies a stake in Ukraine's success. Curated startup deals, intelligence-grade briefings, and the RECON platform.
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- Industry: Military, Software, Aerospace
- Stage:Seed, Venture - Series Unknown
- Geography: Ukraine, United States
Investor stats
- Total investments: 3
- Lead/follow: 33% lead, 67% follow
Portfolio highlights
- Aerobavovna — modern aerostat company
- Auron Solutions — Discover Auron Solutions' cutting-edge technology designed to safeguard critical infrastructure and people from drone swarms with intelligent, non-jamming RF control.
The best companies, off the beaten path.
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- Industry: Software, Artificial Intelligence, FinTech
- Stage:Seed, Pre-Seed, Series A
- Geography: United States, Mexico, India
Investor stats
- Total investments: 621
- Round size: Seed $500k–$8M; Pre-Seed $500k–$2.6M; Series A $6M–$34M
- Lead/follow: 2% lead, 98% follow
- Last fund: Likely actively investing — fresh fund, raised $13k in 2025
Portfolio highlights
- Sourcepulse — Your early warning system for software delivery (YC S23)
- VideoGen — Video creation for people who value their time. Instantly generate professional videos with AI at https://t.co/cKnYDwOXUw.
- NORDA Dynamics — NORDA Dynamics is an autonomous UAV piloting system for carrying out missions in areas with limited connectivity.
Oschadbank is a financial institution that offers banking and investment services.
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- Industry: Energy, Renewable Energy, Solar
- Stage:Debt Financing, Post-IPO Debt
- Geography: Ukraine, Latvia
Investor stats
- Total investments: 7
- Round size: Post-IPO Debt $11M–$77M; Debt Financing $10M–$72M
- Lead/follow: 100% lead, 0% follow
Portfolio highlights
- Eco-Future Kamianka — Eco-Future Kamianka is a renewable energy company that focuses on the development and operation of solar power infrastructure in the Khmelnytskyi region of Ukraine.
- Elektryka Ukraine — Elektryka Ukraine is a Ukrainian energy company that specializes in power infrastructure development and battery energy storage system.
- MHP Group — MHP Group is an international in food and agri-tech, producing high-quality and delicious food products that enhance the lives of consumers.
Research Capital Corporation is an investment firm that provides advisory services, wealth management, sales and trading services.
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- Industry: Robotics, Drones, Energy
- Stage:Post-IPO Equity, Seed, Post-IPO Debt
- Geography: Canada, Ukraine
Investor stats
- Total investments: 6
- Round size: Post-IPO Equity $560k–$8M
- Lead/follow: 50% lead, 50% follow
Portfolio highlights
- Skyeton — We are a bootstrap tech startup. We were founded by a group of dedicated aviation engineers in 2006. After developing and selling more than 100 ultralight sports aircraft, the company developed a high-performance unmanned aerial system, Raybird 3. Raybird 3 is a fully autonomous airborne robot system. Independent journalists adjudicated our flightendurance at 24.5 hours with a carburetor engine. Recently, we adopted fuel injection that extends our flight endurance beyond 30 hours, uninterrupted/day & night. Our LTM revenue as of May 2020 was $3.3M, and we are profitable. We developed 80% of our 48 subsystems, which gives us agility and flexibility to provide tailored turnkey solutions to our customers' needs reliably. https://fire-in.eu/en listed our solution as civilian use for early wildfire detection. We already held meetings with France, Spain, & Greece and gained tractions with the US Dept. of Interiors. We just don't sell systems; we also provide Drone(Data)-as-a-Service business model to enterprises who may have limited use of our system on a yearly basis. We owned several patents, of which one of them approved in May 2020 by US PTO. We have several unique custom solutions built on AI/Computer Vision. One of them is to work in tandem with First Responders in early wildfire detections. We can scan 10,000 sq. Km every 12 hours. The moment the drone detects a hotspot as small as 6x3 feet from 2,700 feet above the ground, it goes back to the location to take pictures. Images then is transmitted to the Ground Control Station so the Operator can dispatch the First Responder to the site. We also provide Geodesy certified mapping of large areas. We are a UAV swarm minded company and have many exciting projects in the pipeline that will continue to shatter new grounds. We are disrupting terrestrial & piloted flying systems, data collection, detection, and mapping businesses.
- Golden Rapture Mining — Golden Rapture Mining is a well-funded exploration company engaged in the acquisition, exploration, and development of high-potential assets located in favourable, established Tier 1 mining jurisdictions in the Rainy River and Geraldton areas of NW Ontario, Canada. Their two properties are truly a treasure trove of forgotten golden opportunitieswith an astonishing eighteen (18) mine shafts and an adit with visible gold having been recorded historically & recently at their Rainy River area property (first discovered in 1894) and their past producing Hutchison/Maylac Gold Mine located in the Geraldton Gold Camp, NW Ontario which was (mined from 1937 to 1947).
- Nevada Lithium Resources — Securing America's Clean Energy Future | CSE: $NVLH | FSE: 87K | OTCQB: $NVLHF
Access 48,091 investors
822 industries, 177 countries. Updated daily. Emails and phones included.
Browse database — It's Free!Green Flag Ventures backs Ukrainian startups building dual use, defense, and cyber products proven in combat and scaling to NATO & Fortune 500 markets.
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- Industry: Software, Military, Aerospace
- Stage:Seed, Series A
- Geography: Ukraine, Estonia, United States
Investor stats
- Total investments: 10
- Round size: Seed $150k–$2.7M
- Lead/follow: 60% lead, 40% follow
Portfolio highlights
- HIMERA — A resilient communication system that operates in the most challenging conditions.
- Babayte — BabAI is the AI pilot for absolute battlefield advantage and turn any platform into a smart, autonomous survivor that operates in all weather conditions.
- MaXon Systems — MaXon Systems operates as a defense tech company. MaXon Systems develops an autonomous air-to-air defense system.
Front Ventures is a Swedish listed investment company focused on defense technology. We invest in companies strengthening European and allied defense capabilities.
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- Industry: Robotics, Drones, Internet
- Stage:Seed, Pre-Seed
- Geography: Ukraine, Poland, Sweden
Investor stats
- Total investments: 6
- Round size: Seed $400k–$1.7M
- Lead/follow: 83% lead, 17% follow
Portfolio highlights
- Trinity Robotics — Trinity Robotics manufactures modular, unmanned ground vehicle platforms engineered to execute logistics, landmine placement, and casualty evacuation operations in high-risk zones. The core business model centers on the mass assembly of standardized, field-repairable robotic hardware integrated with advanced communication systems like Starlink andautonomous GPS modules. The company provides value by substituting human personnel with remotely operated machinery to preserve lives during hazardous missions. This utility is enhanced through a customizable platform design capable of carrying heavy payloads across severe terrain in adverse weather conditions.
- Black Forest Systems — Black Forest Systems develops autonomous robotic systems to advance military technology and reduce battlefield risks.
- Molfar Defence Technologies — Molfar develops tactical radar solutions for early detection, localization, and tracking of small aerial threats in complex operational conditions.
Making Ukraine's tech industry stronger
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- Industry: Drones, Robotics, AgTech
- Stage:Seed, Pre-Seed
- Geography: Ukraine, United States
Investor stats
- Total investments: 6
- Round size: Seed $150k–$2.5M
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- HIMERA — A resilient communication system that operates in the most challenging conditions.
- Ailand Systems — Ailand Systems specializes in the development of smart autonomous drones with a focus on agriculture. The company designs both software and hardware components to enhance situational awareness and operational efficiency in agricultural practices. Ailand Systems' technology aims to optimize crop monitoring, data collection, and farmingoperations through the use of drones. With a team that has experience in creating products that have been acquired by major corporations, Ailand Systems is dedicated to innovating in the field of agricultural robotics. The company is based in Ukraine and has a small team of specialists committed to advancing drone technology for agricultural applications.
- Frontline — Frontline is a defense technology developer working to establish new rules of battle in which robots would replace humans. Frontline specializes in the development and construction of robotic systems with their own communication platform for control and video transmission, allowing defense units to combat without the use of humans.
Innovate UK is part of the UK Research and Innovation .
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- Industry: Health Care, Biotechnology, Software
- Stage:Grant, Seed, Pre-Seed
- Geography: United Kingdom, United States, Ireland
Investor stats
- Total investments: 1215
- Round size: Seed $143k–$3.5M; Grant $62k–$1.8M; Pre-Seed $57k–$1.3M
- Lead/follow: 76% lead, 24% follow
Portfolio highlights
- KVector — KVector creates communication and sensing solutions with high gain and efficiency from X-band to sub-terahertz bands and beyond. Modern antenna systems are built by KVector.
- Anemo Labs — We develop highly selective polymer-based sensors to detect gas VOCs in the ppb range, in real-time. We combine custom hardware with Machine Learning to characterize smells
- Athernal Bio — Athernal Bio is developing targeted immunotherapies to treat blood cancer precursor conditions before cancers become established.
Defence Builder is a non-governmental organization that supports startups for developing and scaling in defense technologies.
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- Industry: Manufacturing, Robotics, Aerospace
- Stage:Seed, Grant, Pre-Seed
- Geography: Ukraine
Investor stats
- Total investments: 3
- Lead/follow: 33% lead, 67% follow
Portfolio highlights
- Strug — Strug specialises in designing and manufacturing plastic products and offers engineering solutions.
- MaXon Systems — MaXon Systems operates as a defense tech company. MaXon Systems develops an autonomous air-to-air defense system.
- Trinity Robotics — Trinity Robotics manufactures modular, unmanned ground vehicle platforms engineered to execute logistics, landmine placement, and casualty evacuation operations in high-risk zones. The core business model centers on the mass assembly of standardized, field-repairable robotic hardware integrated with advanced communication systems like Starlink andautonomous GPS modules. The company provides value by substituting human personnel with remotely operated machinery to preserve lives during hazardous missions. This utility is enhanced through a customizable platform design capable of carrying heavy payloads across severe terrain in adverse weather conditions.
Climate VC funding in Ukraine at a glance
Stats across 125 deals from 72 investors.
Access all 72 VC funds in Ukraine Climate startups.
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