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Top 10 Manufacturing VC Funds & Investors in Ukraine (June 2026)

The most active venture capital funds investing in Ukraine Manufacturing startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Ukraine Manufacturing startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
European Bank for Reconstruction and Development
VC Fund
3 Turkey, Egypt, United States Debt Financing, Post-IPO Debt Financial Services, Banking, Finance $5M–$369M
Brave1
VC Fund
2 Ukraine, United States, United Kingdom Grant, Seed, Pre-Seed Aerospace, Manufacturing, Robotics
Freedom Fund VC
VC Fund
2 Ukraine, Estonia, United States Pre-Seed, Seed Military, Manufacturing, Laser $100k–$2.5M
SMRK VC Fund
VC Fund
2 United States, Ukraine, Finland Seed, Pre-Seed Software, Artificial Intelligence, Information Technology $315k–$2.4M
Pravo Ventures
VC Fund
1 Ukraine Seed Wholesale, Industrial, Manufacturing
Big Defence
VC Fund
1 Ukraine Seed Aerospace, Manufacturing, Air Transportation
Traxys S.A.
VC Fund
1 United States, Canada, Ukraine Debt Financing, Corporate Round, Series A Mining, CleanTech, Industrial $500k–$35M
Green Flag Ventures
VC Fund
1 Ukraine, Estonia, United States Seed, Series A Software, Military, Aerospace $1.5M–$2.5M
Horizon Capital
VC Fund
1 Ukraine, Moldova, United States Private Equity, Series A Software, E-Commerce, Financial Services $5M–$68M
Research Capital Corporation
VC Fund
1 Canada, Ukraine Post-IPO Equity, Seed Robotics, Drones, Software $560k–$7.3M
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Investor list

European Bank for Reconstruction and Development
VC Fund · London, England, United Kingdom · 3 investments in Ukraine Manufacturing startups

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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Investment focus

  • Industry: Financial Services, Banking, Finance
  • Stage:Debt Financing, Post-IPO Debt
  • Geography: Turkey, Egypt, United States

Investor stats

  • Total investments: 300
  • Round size: Post-IPO Debt $18M–$369M; Debt Financing $5M–$290M
  • Lead/follow: 72% lead, 28% follow

Portfolio highlights

  • Voli
  • Tbc Bank Group — TBC Bank Group PLC is the UK-based parent company of JSC TBC Bank and its affiliates, Georgia's largest banking group.
  • National Bank of Greece — The term i-bank adopted in April 2009 as a single name for all electronic service networks of the National Bank (Internet, Phone & Mobile Banking, ATM and Automated Payment -APS).Through the site of i-bank participate in contests with great prizes , learn the latest news from the world of technology , innovation and entrepreneurship and youthinformed about events in the i-bank store and the latest developments of the Contest «i -bank Innovation & Technology " .
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Brave1
VC Fund · Kyiv, Kyyiv, Ukraine · 2 investments in Ukraine Manufacturing startups

Brave1 is an entrance point for cooperation in the field of Ukrainian defense technology.

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Investment focus

  • Industry: Aerospace, Manufacturing, Robotics
  • Stage:Grant, Seed, Pre-Seed
  • Geography: Ukraine, United States, United Kingdom

Investor stats

  • Total investments: 7
  • Lead/follow: 71% lead, 29% 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
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Freedom Fund VC
VC Fund · Seattle, Washington, United States · 2 investments in Ukraine Manufacturing startups

We invest in technology-based start-ups that have the potential to disrupt the defence innovation cycle.

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Investment focus

  • Industry: Military, Manufacturing, Laser
  • Stage:Pre-Seed, Seed
  • Geography: Ukraine, Estonia, United States

Investor stats

  • Total investments: 8
  • Round size: Seed $2.5M–$2.5M; Pre-Seed $100k–$1.6M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • HIMERA — A resilient communication system that operates in the most challenging conditions.
  • Sky Spy — Sky Spy provides advanced RF intelligence solutions for defense, security and mission-critical operations.
  • MaXon Systems — MaXon Systems operates as a defense tech company. MaXon Systems develops an autonomous air-to-air defense system.
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SMRK VC Fund
VC Fund · Kiev, Kyyivs'ka Oblast', Ukraine · 2 investments in Ukraine Manufacturing startups

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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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: United States, Ukraine, Finland

Investor stats

  • Total investments: 33
  • Round size: Seed $315k–$2.4M; Pre-Seed $680k–$2M
  • Lead/follow: 64% lead, 36% follow
  • Last fund: May invest from a new fund soon — raised $10M in 2013

Portfolio highlights

  • Ajax Systems — Ajax alarm system includes everything you need to protect your property | Professional home security system that combines CCTV, fire alarm and automation
  • Esper Bionics — Solutions to transform the prosthetic industry and augment humanity
  • AmazingHiring — AmazingHiring is an AI-powered sourcing solution that helps IT recruiters find, pre-screen and engage technical talents.
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Pravo Ventures
VC Fund · Washington, District of Columbia, United States · 1 investments in Ukraine Manufacturing startups

Pravo Ventures is an investement firm.

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Investment focus

  • Industry: Wholesale, Industrial, Manufacturing
  • Stage:Seed
  • Geography: Ukraine

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Aerobavovna — Aerobavovna designs and manufactures aerostats for military and commercial applications.
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Big Defence
VC Fund · 1 investments in Ukraine Manufacturing startups

Big Defence provides funding and experience to defense-tech businesses so they can become global leaders.

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Investment focus

  • Industry: Aerospace, Manufacturing, Air Transportation
  • Stage:Seed
  • Geography: Ukraine

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • MaXon Systems — MaXon Systems operates as a defense tech company. MaXon Systems develops an autonomous air-to-air defense system.
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Traxys S.A.
VC Fund · Luxembourg, Luxembourg, Luxembourg · 1 investments in Ukraine Manufacturing startups

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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Investment focus

  • 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
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Green Flag Ventures
VC Fund · 1 investments in Ukraine Manufacturing startups

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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Investment focus

  • Industry: Software, Military, Aerospace
  • Stage:Seed, Series A
  • Geography: Ukraine, Estonia, United States

Investor stats

  • Total investments: 9
  • Round size: Seed $1.5M–$2.5M
  • Lead/follow: 56% lead, 44% 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.
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Horizon Capital
VC Fund · Kyiv, Kyyiv, Ukraine · 1 investments in Ukraine Manufacturing startups

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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Investment focus

  • Industry: Software, E-Commerce, Financial Services
  • Stage:Private Equity, Series A
  • Geography: Ukraine, Moldova, United States

Investor stats

  • Total investments: 35
  • Round size: Series A $5M–$22M; Private Equity $7M–$68M
  • Lead/follow: 63% lead, 37% follow
  • Last fund: Likely still investing — raised $350M in 2024

Portfolio highlights

  • Makeup — MAKEUP is an online cosmetic store that offers perfumes, beauty and personal care products.
  • Purcari Wineries — Purcari operates as a wine producing company. The Wine Days were the days were the days when Chateau Purcari organized a very nice party.
  • Creatio — Creatio is a global software company providing a leading low-code platform for process management and CRM. The company combines an intuitive low-code platform, best-in-class CRM and a robust BPM in a single solution to accelerate sales, marketing, service and operations for mid-size and large enterprises. Creatio is highly recognized as a marketleader by key industry analysts and together with hundreds of partners, operates in 110 countries worldwide. More information can be found at www.creatio.com.
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Research Capital Corporation
VC Fund · Toronto, Ontario, Canada · 1 investments in Ukraine Manufacturing startups

Research Capital Corporation is an investment firm that provides advisory services, wealth management, sales and trading services.

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Investment focus

  • Industry: Robotics, Drones, Software
  • Stage:Post-IPO Equity, Seed
  • Geography: Canada, Ukraine

Investor stats

  • Total investments: 3
  • Round size: Post-IPO Equity $560k–$7.3M
  • Lead/follow: 33% lead, 67% 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.
  • Kraken Robotics — Kraken Robotics is a marine technology company engaged in the design, development, and marketing of advanced sonar and acoustic velocity sensors for Unmanned Underwater Vehicles used in military and commercial applications.Over the last two years, the company has earned a reputation as world leaders in Synthetic Aperture Sonar - a revolutionaryunderwater imaging technology that dramatically improves seabed surveys by providing ultra-high resolution imagery at superior coverage rates. Kraken’s series of SAS products called AquaPix® leverages nearly two decades of R&D conducted by NATO’s Undersea Research Centre and millions of dollars in funding support from NATO government sponsors. AquaPix® offers comparable performance to existing high-end military systems at less than 20% of the cost.Kraken is currently engaged in various stages of technology validation and teaming agreements with leading laboratories and strategic industry partners including Defence Research and Development Canada, U.S. Navy’s Naval Sea Systems Command (NAVSEA); the UK Ministry of Defence; Northrop Grumman; ECA Robotics and others. Kraken is located in beautiful, Conception Bay South, Newfoundland.
  • 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).
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Manufacturing VC funding in Ukraine at a glance

Stats across 28 deals from 28 investors.

28
investors
in Ukraine Manufacturing startups
28
deals
in Ukraine Manufacturing startups
$2M
median round
in Ukraine Manufacturing startups
64%
lead investors
lead at least one round
25%
Grant
most common funding stage

Access all 28 VC funds in Ukraine Manufacturing startups.

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