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For investors · Ukrainian defense-tech

Invest in the Ukrainian defense industry

Direct access to combat-proven Ukrainian defense companies — screened against your mandate, packaged for your committee, and held in a structure an international investor can legally own and exit. One team accountable from the first call to the wire.

$0B
Annual production capacity, 2025 — up from $1B in 2022
~1,000
Manufacturers, most of them private
$0M
Total venture equity into the sector, 2025
0B
Europe's rearmament plan through 2030
Sources: Ukraine Ministry of Defense · KSE Institute · PitchBook · European Commission
What you get

Deal flow, verified and structured to close

From your mandate to a closed position: companies you could not see from outside, packaged for your committee, held in a structure you can own and exit.

Sourcing

A curated pipeline

Companies sourced from inside Ukraine's defense ecosystem, before they surface publicly, and screened against your mandate: segment, stage, check size, risk limits. You see fits, not volume.

Mandate screeningOff-marketBattlefield-validated
Packaging

An investment package

Each company arrives packaged for your committee: a teaser in investor language, verified financials, a documented combat record and a risk register with mitigations. Read it in an evening, decide in a week.

TeaserFinancial modelRisk registerData room
Structure

A structure you can own

A cross-border holding an international investor can legally hold and exit: IP moved out of the Ukrainian entity, a clean cap table, governance that holds up. Genuinely clean, not dressed up for the review.

Cross-border holdingIP relocationClean cap table
Upside

The export path mapped

The licensing and NATO codification route that takes your portfolio company beyond one domestic customer — toward allied programs of record — mapped before you invest. Export eligibility is where the multiple lives.

Export licensingNATO codificationNew markets
Execution

Deal execution on the ground

Verification in Ukraine, negotiation support, deal structuring and closing. Someone at the table who reads the language, the documents and the room — accountable to your side of the deal.

On-the-ground verificationStructuringTerm sheet to close
After the wire

Value after the close

Production abroad, operations, recruiting and international business development for the companies you fund. The same team stays accountable after the wire, so the plan you invested in gets executed.

Scale abroadOperationsDefense BizDev

Bring a mandate, or bring a thesis. The first call maps both against live companies.

Request pipeline access →
Where the capital comes from

The investors and geographies we open

Warm access to the capital that funds defense — mapped to your mandate, not a mass forward of a deck.

Investor geographies
United States
United Kingdom
France
Germany
Switzerland
Poland
Estonia
Israel
UAE
Saudi Arabia
Japan
India
What the pipeline covers
Segments where combat use created a durable edge.
AI for defenseAutonomous systemsElectronic warfareCounter-UAS & interceptorsUnmanned aerial systemsGround roboticsNaval dronesC2 platformsSensors & payloadsCyber defenseDual-use

The economics behind the edge, one example: Ukrainian interceptor drones are reported to account for over 70% of Shahed kills over Kyiv, at around $2,500 a unit against roughly $4M for a Patriot PAC-3 round. That cost curve is what international buyers are shopping for.

The pipeline

Proven traction, still under the radar

Not pre-product concepts, and not the market leaders every fund has already seen. The pipeline holds the companies with real traction that the market has not found yet.

Too early

Pre-product, no revenue, nothing to underwrite yet. Screened out.

What reaches you

Traction, serial or certified production, under the radar, structured for foreign capital and export.

Already direct

Market leaders raising $100M+ that reach global capital on their own, priced accordingly.

What “reaches you” means— every company in that band has cleared these four.
Product
Defense, dual-use or deep-tech, battle-tested at the front.
Stage
Revenue and traction, verified, not projected.
Structure
Cross-border holding in place, or built before your money moves.
Path
Export eligibility mapped, so revenue is not capped at one customer.
Where the pipeline comes from

Sourced at the exit of the funnel, not at a demo day

Ukraine's clusters and state programs validate companies inside the ecosystem: battlefield testing, codification at home, connections to units and government. More than 2,300 teams and around 5,000 developments have passed through the Brave1 defense innovation cluster alone. Wiseboard stands where that funnel exits toward the West, and screens what comes out against your mandate.
Upstream
Ecosystem entry & validation
Proof
Battlefield record
Wiseboard
Screening · packaging · structuring
Downstream
Your portfolio
The difference

A report shows you the market. A demo day shows you a stage. Neither closes a deal.

What others offerWhat you get here
Here's our market reportA screened pipeline, sourced and refreshed from inside the ecosystem
Come to our demo dayA diligence-grade investment package before the first meeting
We know people in KyivCross-border structure, IP secured, export path mapped
Battle-tested technologyA documented combat record and financials, verified on the ground
High risk, high rewardA risk register with mitigations, war risk separated from company risk

You leave here with a closed position in a company you could verify, legally own, and exit.

Request pipeline access →
The market gap

The most combat-tested defense industry in the world is also the least capitalized

In three years Ukraine built a defense industry with $35 billion of annual production capacity: about 1,000 manufacturers, roughly 3 million unmanned systems a year, more than 1,300 new weapon systems approved for service in 2025 alone. The capital has not caught up. One graphic shows the whole market.
The capital cliff · capacity → funded → ventureFig. 01 / annual, 2025
$35BCAPACITY / YR$6.8BFUNDED MKT$57MVENTURE / YRSCALE: LINEAR · ALL VALUES ANNUAL, 2025
0.16%

About one hundredth of one percent of the industry's annual output is matched by venture equity. The producers outbuilt their only customer.

$35B built per year
$6.8B actually funded
$57M in venture, 28 deals
Why nowFour doors opened within a year
2025

Allied money moved first

Foreign funding of Ukrainian defense production grew roughly tenfold in one year, to $6.1 billion, through the Danish model and direct procurement. Governments already buy here. Private capital has barely started.

Feb 2026

Exports opened

Ukraine began controlled defense exports, with the state commission approving the first wartime export licenses. Revenue is no longer capped at one domestic customer, and export contracts are the multiple on every company.

Mar 2026

The exit is proven

Swarmer listed on Nasdaq — the sector's first public exit — closing its first trading day up over 500%. Weeks earlier the sector reported its first unicorn. An international liquidity event now exists on the record.

To 2030

Europe is rearming

NATO allies committed to 5% of GDP on defense, and the EU put €150 billion of SAFE loans behind joint procurement, with Ukraine eligible to join. Combat-proven systems at a wartime cost point are what that money is shopping for.

The window between too early and priced in is open now. Every quarter it stays open, more of the market gets found.
Discretion

Built for OPSEC, on both sides

The companies protect how their products work. You protect your mandate and your name. Both hold here.

Under NDA from the first call

Every conversation and every document sits under a signed NDA, in both directions, before anything sensitive is shared.

Off-market by design

Companies and investors are introduced deliberately, one to one. No lists circulate, no logos appear, no deal is discussed in public.

Need-to-know only

Your mandate reaches a company only when you choose to move on it, and no further. The same discipline protects their data until you do.

FAQ

Questions investors ask first

Yes, through a cross-border structure built for it: a holding outside Ukraine owning the operating company and the IP. Setting that up is part of the work here, and companies in the pipeline either have it or get it before your money moves.

Access / request

Tell us your mandate

Your thesis, segments and check size mapped against live, screened companies in the pipeline. Under NDA, no lists, no noise.

In strategic partnership with UFG · defense.wiseboard.me

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