UFORCE raises $700 million Series A at $6 billion valuation
UFORCE has raised $700 million in Series A financing at a $6 billion valuation, co-led by Valor Equity Partners and the UK National Wealth Fund. The financing will support manufacturing, research and development, and defence partnerships in Ukraine and allied nations.
- Raised
- $700 million
- Round
- Series A
- Investors
- 10
- Investors
- Valor Equity PartnersUK National Wealth FundU.S.–Ukraine Reconstruction Investment FundMenlo VenturesXantiumHiro CapitalShield CapitalBallistic VenturesLakestarSquadra
- Target market
- Front-line troops in Ukraine and allied nations
- Use of funds
- Supporting continuous manufacturing in Ukraine and allied nations; expanding and distributing production capacity across the US, Europe, Asia-Pacific and the Middle East; supporting expanded R&D and increased production of MAGURA, NEMESIS, LIUT and PREDATOR platforms; supporting Ukrainian staffing, R&D and new product development; and deepening defence partnerships
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Quick Answers
What is the latest news about UFORCE?
UFORCE has raised $700 million in Series A financing at a $6 billion valuation, co-led by Valor Equity Partners and the UK National Wealth Fund. The financing will support manufacturing, research and development, and defence partnerships in Ukraine and allied nations.
What does UFORCE do?
Founded in Ukraine and headquartered in London, UFORCE is a defence-technology company with major hubs in Kyiv and Washington, DC, and operations across Europe, the United States and Asia. It develops uncrewed air, land and sea platforms, AI software and command-and-control systems.
How much did UFORCE raise?
UFORCE raised $700 million in its Series A.
Who invested in UFORCE?
Investors named in this Series A include Valor Equity Partners, UK National Wealth Fund, U.S.–Ukraine Reconstruction Investment Fund, Menlo Ventures, Xantium, Hiro Capital, Shield Capital and Ballistic Ventures and 2 others.
How will UFORCE use the funding?
UFORCE plans to use the money for supporting continuous manufacturing in Ukraine and allied nations; expanding and distributing production capacity across the US, Europe, Asia-Pacific and the Middle East; supporting expanded R&D and increased production of MAGURA, NEMESIS, LIUT and PREDATOR platforms; supporting Ukrainian staffing, R&D and new product development; and deepening defence partnerships.
Where is UFORCE based?
UFORCE is based in London.
Who are the key people at UFORCE?
Key people named in this report: Oleg Rogynskyy (Chief Executive Officer) and Christopher G. Cavoli (Board member).