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Top 25 Manufacturing VC Funds & Investors in Ukraine (October 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 Debt Financing round with Shizune.
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
Freedom Fund VC
VC Fund
2 Ukraine, United States, Estonia Pre-Seed, Seed Military, Drones, Aerospace $100k–$7M
Black Sea Trade & Development Bank
VC Fund
2 Greece, Ukraine, Turkey Debt Financing, Post-IPO Debt Financial Services, Banking, Energy $5.5M–$370M
Brave1
VC Fund
2 Ukraine, United States, United Kingdom Grant, Seed, Pre-Seed Aerospace, Manufacturing, Robotics $49k–$50k
Horizon Capital
VC Fund
2 Ukraine, Moldova, United States Private Equity, Series A Software, Information Technology, E-Commerce $5M–$112M
D3 Ventures
VC Fund
2 United States, Ukraine, United Kingdom Seed, Pre-Seed, Series A Manufacturing, Drones, Robotics $125k–$100M
Nezlamni Fund
VC Fund
1 Ukraine, United States Seed, Pre-Seed Drones, Robotics, AgTech $150k–$2.5M
Double Tap Investments
VC Fund
1 Ukraine Seed, Pre-Seed Robotics, Software, Analytics $600k–$600k
Accordbank
VC Fund
1 Ukraine Debt Financing Drones, Wholesale, E-Commerce
Front Ventures
VC Fund
1 Ukraine, Poland, Sweden Seed, Pre-Seed Robotics, Drones, Internet $400k–$1.7M
Research Capital Corporation
VC Fund
1 Canada, Ukraine Post-IPO Equity, Seed, Post-IPO Debt Robotics, Drones, Energy $560k–$8M
JSC «VST BANK».
VC Fund
1 Ukraine Debt Financing Electronics, Electric Vehicle, Charging Infrastructure
JSC KredoBank
VC Fund
1 Ukraine Debt Financing Electronics, Electric Vehicle, Charging Infrastructure
Innovate UK
VC Fund
1 United Kingdom, United States, Ireland Grant, Pre-Seed, Seed Health Care, Biotechnology, Software $58k–$3.5M
Pravo Ventures
VC Fund
1 Ukraine, United States Seed, Venture - Series Unknown Military, Software, Aerospace
Unpopular Ventures
VC Fund
1 United States, India, United Kingdom Seed, Pre-Seed, Series A Software, Artificial Intelligence, Financial Services $500k–$34M
First Ukrainian International Bank
VC Fund
1 Ukraine, United Kingdom Debt Financing AgTech, Energy, Farming $183k–$72M
Big Defence
VC Fund
1 Ukraine Seed Aerospace, Manufacturing, Air Transportation
Zhaochi
VC Fund
1 China, Ukraine Seed, Venture - Series Unknown Hardware, Electronics, Manufacturing
Zorea Ventures
VC Fund
1 Ukraine, Germany Seed, Angel SaaS, Internet, Shipping
Defence Builder
VC Fund
1 Ukraine Seed, Grant, Pre-Seed Manufacturing, Robotics, Aerospace
Green Flag Ventures
VC Fund
1 Ukraine, Estonia, United States Seed, Series A Software, Military, Aerospace $150k–$2.7M
UNBROKEN Ukraine
VC Fund
1 Ukraine Seed AgTech, Drones, Robotics
Traxys S.A.
VC Fund
1 United States, Canada, Ukraine Debt Financing, Corporate Round, Series A Mining, CleanTech, Industrial $500k–$35M
Access all 42 VC funds in Ukraine Manufacturing startups.

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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

SMRK VC Fund
VC Fund · Kiev, Kyyivs'ka Oblast', Ukraine · 5 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, 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.
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European Bank for Reconstruction and Development
VC Fund · London, England, United Kingdom · 4 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, Manufacturing
  • Stage:Debt Financing, Post-IPO Debt, Private Equity
  • Geography: Turkey, Egypt, Ukraine

Investor stats

  • Total investments: 498
  • Round size: Post-IPO Debt $17M–$369M; Debt Financing $5.1M–$225M; Private Equity $15M–$100M
  • Lead/follow: 76% lead, 24% follow

Portfolio highlights

  • 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.
  • Yapı ve Kredi Bankası — Yapi Kredi Bankasi, established in 1944, is one of the first nationwide private banks in Turkey. It is engaged in credit cards, assets management, non-cash loans, leasing, factoring, private pension funds and non-life insurance. It is 80% owned by Koc Finansal Hizmetler (KFH), whose combined financial services network consists of over 13 millioncustomers and 835 branches in Turkey.Yapi Kredi was acquired by Mehmet Emin Karamehmet's Çukurova Holding in 1984. In 2003, Çukurova Holding reached an agreement with the Turkish bank regulator to sell the majority of its shares in Yapi Kredi within two years. In 2005, the majority of shares in Yapi Kredi was acquired by the owners of Koçbank. Koç Finansal Hizmetler (KFH) was an equal partnership between Koç Holding and Italian banking giant, Unicredit. In 2006, Koçbank was merged into Yapı Kredi, leaving 80% of Yapi Kredi owned by KFS.
  • European Metals Holdings — European Metals Holdings is a mineral exploration and development company engaged in the exploration of tin and base metals. The Company is primarily involved in the development of a lithium and tin project in the Czech Republic.
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Freedom Fund VC
VC Fund · Seattle, Washington, United States · 2 investments in Ukraine Manufacturing startups, 8 in the past 12 months

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, Drones, Aerospace
  • Stage:Pre-Seed, Seed
  • Geography: Ukraine, United States, Estonia

Investor stats

  • Total investments: 14
  • Round size: Seed $150k–$2.5M; Pre-Seed $100k–$7M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • M-FLY — ITAR-free gimbals engineered for the modern drone industry. Unmatched accuracy, reliability, and adaptability.
  • Mara — autonomous horde of the free world
  • Occam Industries — Modernising automation for modern conflict environments. Sole European supplier to the Ukrainian front line.
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Black Sea Trade & Development Bank
VC Fund · Thessaloníki, Thessaloniki, Greece · 2 investments in Ukraine Manufacturing startups, 6 in the past 12 months

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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Investment focus

  • Industry: Financial Services, Banking, Energy
  • Stage:Debt Financing, Post-IPO Debt
  • Geography: Greece, Ukraine, Turkey

Investor stats

  • Total investments: 59
  • Round size: Post-IPO Debt $5.5M–$339M; Debt Financing $7.1M–$370M
  • Lead/follow: 78% lead, 22% 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
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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: 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 —
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Horizon Capital
VC Fund · Kyiv, Kyyiv, Ukraine · 2 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, Information Technology, E-Commerce
  • Stage:Private Equity, Series A
  • Geography: Ukraine, Moldova, United States

Investor stats

  • Total investments: 44
  • Round size: Series A $5M–$22M; Private Equity $7M–$112M
  • Lead/follow: 68% lead, 32% 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.
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D3 Ventures
VC Fund · 2 investments in Ukraine Manufacturing startups

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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Investment focus

  • Industry: Manufacturing, Drones, Robotics
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Ukraine, United Kingdom

Investor stats

  • Total investments: 21
  • Round size: Seed $200k–$50M; Pre-Seed $125k–$519k; Series A $15M–$100M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • TERASi — Scalable hardware for 6G and beyond.
  • 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.
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Nezlamni Fund
VC Fund · 1 investments in Ukraine Manufacturing startups

Making Ukraine's tech industry stronger

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Investment focus

  • 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 — Himera is a defense technology startup, manufactures communication radio stations.
  • 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.
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Double Tap Investments
VC Fund · 1 investments in Ukraine Manufacturing startups

Double Tap Investment (DTI) is committed to invest in Ukrainian defense technology startups

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Investment focus

  • 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.
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Accordbank
VC Fund · Kyiv, Kyyiv, Ukraine · 1 investments in Ukraine Manufacturing startups

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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Investment focus

  • 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.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
Front Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Ukraine Manufacturing startups

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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Investment focus

  • 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.
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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, 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
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JSC «VST BANK».
VC Fund · 1 investments in Ukraine Manufacturing startups

JSC ‘VST BANK’ (Joint Stock Company ‘VST BANK’) is a Ukrainian financial institution formerly known as Bank Vostok.

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Investment focus

  • 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.
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JSC KredoBank
VC Fund · 1 investments in Ukraine Manufacturing startups

The Public JSC KredoBank is a bank headquartered in Lviv in Ukraine.

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Investment focus

  • 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.
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Innovate UK
VC Fund · Swindon, Wiltshire, United Kingdom · 1 investments in Ukraine Manufacturing startups, 90 in the past 12 months

Innovate UK is part of the UK Research and Innovation .

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Investment focus

  • Industry: Health Care, Biotechnology, Software
  • Stage:Grant, Pre-Seed, Seed
  • Geography: United Kingdom, United States, Ireland

Investor stats

  • Total investments: 1242
  • Round size: Seed $143k–$3.5M; Grant $62k–$1.8M; Pre-Seed $58k–$1.3M
  • Lead/follow: 76% lead, 24% follow

Portfolio highlights

  • SolarSub — SolarSub is an environmental firm that offers floating solar cooling system.
  • 52 North Health — At 52 North we are developing fully-integrated clinical, AI and medical-device based systems.
  • Productive Machines — Productive Machines Chatter-free Milling Software Optimization Service for every Machine Shop. Apply our recommended spindle speeds and feed rates to your specific machine settings and make the best part, faster, right first time.
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Pravo Ventures
VC Fund · Washington, District of Columbia, United States · 1 investments in Ukraine Manufacturing startups

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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Investment focus

  • 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.
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Unpopular Ventures
VC Fund · San Francisco, California, United States · 1 investments in Ukraine Manufacturing startups

The best companies, off the beaten path.

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Investment focus

  • Industry: Software, Artificial Intelligence, Financial Services
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, India, United Kingdom

Investor stats

  • Total investments: 622
  • 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)
  • Morphic — The Sovereign AI platform for organizations to own their tribal knowledge
  • NORDA Dynamics — NORDA Dynamics is an autonomous UAV piloting system for carrying out missions in areas with limited connectivity.
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First Ukrainian International Bank
VC Fund · Kyiv, Kyyiv, Ukraine · 1 investments in Ukraine Manufacturing startups

First Ukrainian International Bank is a large and steadfast privately owned bank.

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Investment focus

  • 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.
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Big Defence
VC Fund · 1 investments in Ukraine Manufacturing startups

updated site for BigD

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Investment focus

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

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • HIMERA — Himera is a defense technology startup, manufactures communication radio stations.
  • MaXon Systems — MaXon Systems operates as a defense tech company. MaXon Systems develops an autonomous air-to-air defense system.
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Zhaochi
VC Fund · Shenzhen, Guangdong, China · 1 investments in Ukraine Manufacturing startups

Zhaochi is a company specialising in the production of consumer electronic products.

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Investment focus

  • Industry: Hardware, Electronics, Manufacturing
  • Stage:Seed, Venture - Series Unknown
  • Geography: China, Ukraine

Investor stats

  • Total investments: 2
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • O.B.E — O.B.E is a manufacturer of home theater and projection accessories. It also offers products for motorized screens, LCD active shutter 3D glasses, projection floor stands, and motorized screens.
  • Kivi — Kivi is an international company, developer and manufacturer of smart TVs and TV services.
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Zorea Ventures
VC Fund · 1 investments in Ukraine Manufacturing startups

Zorea ventures is a seed and early stage venture investment fund that was founded in 2013.

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Investment focus

  • Industry: SaaS, Internet, Shipping
  • Stage:Seed, Angel
  • Geography: Ukraine, Germany

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Adtena — Adtena.com - a great premium domain available for sale.
  • Coureon — Coureon offers a great software solution to online merchants, allowing them to manage incoming orders and organise distribution with ease. Our platform supports the integration of the two global e-commerce marketplaces Amazon and eBay. Our cooperations with logistics providers from all over the world enable sellers to find the best price for theirrespective shipment.We make shipping as simple as shopping.
  • Home Ideas Supply — Home Ideas Supply is an Ukrainian furniture and product design marketplace that designs furniture, lighting and products.
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Defence Builder
VC Fund · Kharkiv, Sums'ka Oblast', Ukraine · 1 investments in Ukraine Manufacturing startups

Defence Builder is a non-governmental organization that supports startups for developing and scaling in defense technologies.

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Investment focus

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

Green Flag Ventures is a venture capital firm dedicated to nurturing the growth of the Ukrainian tech ecosystem through targeted investments in early-stage startups. With a keen focus on dual-use technology, the firm manages a $20M fund, strategically investing in innovative companies that show potential for both commercial and strategicapplications. Our investment range lies between $150K and $1M, aimed at startups with pre-money valuations of $1M to $25M.Our approach is unique, bridging critical gaps between the Ukrainian and US tech sectors, thereby fostering a vibrant cross-border exchange of ideas, technology, and resources. Co-founded by Justin Zeefe in the USA and Deborah Fairlamb in Ukraine, Green Flag Ventures capitalizes on its founders' diverse expertise and deep understanding of both markets. We offer more than just capital; our portfolio companies gain access to an ecosystem of support, including mentorship, network connections, and operational guidance, ensuring not just growth but also sustainable development.At Green Flag Ventures, we believe in the transformative power of technology and entrepreneurship. Our mission is to be at the forefront of this transformation, empowering Ukrainian founders both at home and abroad. We are committed to achieving superior returns for our investors while playing a pivotal role in the regional growth and stability. Through our proprietary deal flow and rigorous diligence process, we ensure that each investment is poised for outsized growth and favorable outcomes, aligning investor success with regional progress.

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Investment focus

  • 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 — Himera is a defense technology startup, manufactures communication radio stations.
  • Babayte — BabAI is onboard software that protects drones, robots and autonomous vessels when sensors degrade and GPS is lost: computer vision and sensor fusion detect danger and steer the platform clear in under 53 ms.
  • MaXon Systems — MaXon Systems operates as a defense tech company. MaXon Systems develops an autonomous air-to-air defense system.
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UNBROKEN Ukraine
VC Fund · Lviv, L'vivs'ka Oblast', Ukraine · 1 investments in Ukraine Manufacturing startups

UNBROKEN is a humanitarian initiative providing medical treatment, rehabilitation, and support services to war-affected individuals.

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Investment focus

  • 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.
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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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Manufacturing VC funding in Ukraine at a glance

Stats across 56 deals from 42 investors.

42
investors
in Ukraine Manufacturing startups
56
deals
in Ukraine Manufacturing startups
$1.2M
median round
in Ukraine Manufacturing startups
67%
lead investors
lead at least one round
30%
Grant
most common funding stage

Access all 42 VC funds in Ukraine Manufacturing startups.

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