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Ukraine Secures Over $100 Million in Western Defense-Tech Pledges at Lviv Forum

Ukraine is leveraging combat-proven tech to lure venture money into a homegrown defense sector.

Overview

  • The Digital Transformation Ministry said four Western firms pledged more than $100 million at Defense Tech Valley 2025 in Lviv.
  • NUNC Capital committed €20 million, Verne Capital plans up to €25 million, and Oedipus Inc. announced a permanent-capital fund focused solely on European defense technologies.
  • U.S. investors led by Broadband Capital Investments closed a $15 million round for Ukrainian drone-swarm startup Swarmer.
  • Organizers reported over 5,000 participants from 50+ countries and more than 300 investors, as Brave1 noted $90 million raised by Ukrainian defense firms since 2024.
  • Officials highlighted closer European integration, including a new UkrainePoland group on drone threats, Denmark co-production, and reports that over 25 companies are shifting some production to Ukraine, while investors warned funding remains limited and export rules constrain growth.