Focus on defense, first miltech deal through Diia.City, and record-breaking Headway round: major investments in Ukrainian companies in 2025
Millions of dollars from American syndicates, Danish funds, and British ex-officials — this is what the Ukrainian startup investment industry will look like in 2025.
Despite the war, foreign capital continues to flow into Ukraine, with the lion’s share of deals going to defense developments and dual-use technologies.
AIN has compiled the major investments of the year in Ukrainian companies that you may have missed and provides details about them.
Defense technologies
In 2025, defense companies attracted the largest amounts of funding, particularly those founded by Ukrainians in cooperation with other countries. The largest funding rounds attracted:
-
$15 million for Swarmer
In September, Swarmer raised $15 million in a Series A round led by US-based Broadband Capital Investments. R-G.AI, D3 Ventures, Green Flag Ventures, Radius Capital, and Network VC also participated.
Later, in November, the company also raised $500,000 from the new Oppenheimer Fund syndicate. Swarmer was founded by Serhii Kupriienko and Alex Fink in May 2023. The startup specializes in software for managing drone swarm missions (when there are two or more UAVs in the sky, but they all have the same goal).
-
$5 million for Trypillian
The British-Ukrainian Defense Tech project received funding from former British government official Brooks Newmark to develop deep strike technologies. The company is headed by co-founder and CEO Ivan Matveichenko, a former military officer who participated in the battles for Bakhmut and Soledar.
-
€2.4 million for Dropla Tech
The round was led by EIFO (Danish Export and Investment Fund) and Maj Invest. Founded in 2023 by four Ukrainians, Dropla Tech has over 35 specialists in Denmark and Ukraine. The investment is part of Denmark’s strategy to rebuild Ukraine, and the decisive factor in the deal was the cooperation with BRAVE1, which provided access to combat data and training grounds.
-
Almost $4 million for Tencore
MITS Capital’s investment in Tencore was the first miltech deal between the US and Ukraine conducted through Diia.City. Tencore develops robotic platforms for logistics, evacuation, engineering, and fire support on the front lines.
-
$1.4 million for M-Fly
The company attracted investment thanks to the Brave1 cluster and is already working on closing a larger round. M-Fly has created a gimbal that is in short supply on the market — it stabilizes images even at high speeds and in bad weather.
-
$1 million for NORDA Dynamics
The round was led by Swedish investment company Varangians, founded in 2025. Ukrainian funds Angel One, MITS Capital, angel syndicate United Angels Network, and American fund Unpopular VC also participated in the financing. The company creates navigation systems that allow drones to perform tasks without GPS, communication, and in the electronic warfare zone.
In addition, Defense Tech companies have been actively involved in investment programs and accelerators.
The largest deals in other areas
EdTech and HRtech remain one of the strongest verticals of Ukrainian IT exports. In 2025, the largest institutional round among Ukrainian technology companies since the start of the full-scale invasion took place.
The Headway platform attracted funding from Bullhound Capital, which manages assets of over €1 billion and is known for supporting Spotify, Slack, Klarna, and Unity. The amount of the deal has not yet been disclosed.
Other important deals of the year include:
- $5.4 million for PeopleForce
The HR-tech startup raised $5.4 million in a Pre-Series A round in April this year. The team plans to use the funds to actively expand into Poland, continuing to strengthen its position in Eastern Europe. The company’s clients include such well-known brands as Autenti, eSky Group, and Brand24 in Poland, as well as TestDevLabs, Paysera, and Ajax Systems in international markets.
- €1 million for Choice
The round was led by the Polish fund Smartlink Partners in March. Choice’s clients in Poland include large chains Thai Wok, Sushi World, Pizza Factory, Osama Sushi, and the Hala Koszyki food court.
Artificial intelligence
Investors paid particular attention to Ukrainian startups that use AI in their solutions.
For example, back in January, Ukrainian developer of an AI platform for protection against information operations and disinformation, LetsData, raised $1.6 million in investments in a pre-seed round.
Funding was raised from SMOK Ventures, Wayra, part of Telefónica, Tilia Impact Ventures (with the support of the InvestEU Fund), 1991 Ventures, Google’s Ukraine Support Fund, and Startup Wise Guys.
In May, Pleso Therapy raised funding. The company received $1.2 million from the IT company group Vchasno Group and the venture fund TA Ventures. Pleso Therapy is developing an AI platform to support mental health. Founded by Oleksandr Bondarev, Anna Lissova, Oleksii Yakubenko, and Vitalii Marchenko, the company is scaling up in the Ukrainian, Polish, and Romanian markets.
The service has already conducted more than 150,000 sessions for 20,000 users, with 80% of sales generated by customers from EU countries, and the company’s annual revenue has tripled.
Investing in the state
In September, Google announced a $1.5 million investment in Mriia, Ukraine’s state-run educational ecosystem.
The funding will enable Mriia to scale up in schools and kindergartens and reach 500,000 users, with a particular focus on AI tools for personalizing learning and automating teachers’ work. The project is being implemented with the support of the Ministry of Digital Transformation and the Ministry of Education and Science in conjunction with the EGAP program.
By the end of the year, Mriia had expanded its functionality by integrating a database of over 6,000 extracurricular clubs. Now, users can quickly find clubs based on their location and their child’s preferences.
Powered by WPeMatico
https://en.ain.ua/2025/12/22/major-investments-in-ukrainian-companies-in-2025/