Thanks to the Brave1 cluster, domestic defense technology developers have attracted $25 million in foreign investment, reported Ukraine’s Minister of Digital Transformation, Mykhailo Fedorov.
"Through work with private investors and international venture funds, Ukrainian defense innovation developers have secured over $25 million this year with Brave1's support, compared to $5 million in 2023," said the minister.
He explained that these deals are often made during investment events, with multiple million-dollar agreements concluded at a single event. For example, Swarmer, a company focused on AI solutions for drone swarms, raised $2.7 million from foreign investors, with some connections made at such an event.
Fedorov noted that Brave1 expects to help raise $50 million by the end of the year.
"The more investments we secure, the faster companies can develop and scale their products," he emphasized.
