Western Firms from Netherlands, Germany, Luxembourg, Sweden, and U.S. to Invest Over $100 Million in Ukraine’s Defense Technology Sector

Four Western companies from the Netherlands, Germany, Luxembourg, Sweden, and the United States have pledged more than $100 million to Ukraine’s defense technology industry, the Digital Transformation Ministry announced at the Defense Tech Valley 2025 conference in Lviv. The two-day event gathered over 5,000 participants from more than 50 countries to explore opportunities in defense innovation.
Dutch firm NUNC Capital committed €20 million ($23.5 million) to expand Ukrainian defense firms specializing in NATO-oriented technologies such as advanced materials, electronic warfare systems, and smart manufacturing. German-Luxembourg venture fund Verne Capital announced plans to invest up to €25 million ($29.3 million) in Ukrainian defense and cybersecurity innovations. Sweden’s Varangians fund unveiled a major investment plan, having already closed its first deal, while U.S.-based Broadband Capital Investments will inject $15 million into Swarmer, a Ukrainian firm developing drone swarm technology.
Oedipus Inc. also launched as Europe’s first permanent-capital fund dedicated solely to defense technologies, with plans for substantial partnerships in Ukraine. Since 2024, Ukrainian defense firms have secured $90 million in funding through Brave1, with the latest pledges marking a notable acceleration in foreign investment.
Digital Transformation Minister Mykhailo Fedorov stressed Ukraine’s growing role as a hub for modern warfare technologies, calling the sector a “new doctrine of war” driven by innovation. “Our message to international investors is simple — if you are not in Ukraine, you are not in the defense tech market,” he said.
European Union Commissioner for Defense and Space Andrius Kubilius underlined the need to integrate Ukraine’s defense technology into Europe’s security ecosystem, citing recent incursions by Russian drones as evidence of shared threats.