The Dutch investment company NUNC Capital is launching an initiative to create venture funds worth €20 million to invest in new Ukrainian defense technologies.
As noted on the NUNC Capital website, the goal is to create "a strategic bridge between European defense markets and Ukraine's innovative defense technology ecosystem."
"By establishing a Forward Operating Base in Ukraine, NUNC Capital invest in local boots on the ground to source and support start-ups developing disruptive defense solutions," the company said in its statement.
According to NUNC Capital CEO Bram Oostvogel, "Recent geopolitical events on the world stage" led the company to expand its operations in Ukraine to collaborate with local defense startups.
"We intend to address critical capability gaps in Europe while leveraging Ukraine's accelerated battlefield innovation," he said.
The fund will focus on the following areas:
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Electronic warfare (EW) technologies
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Unmanned systems
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"Smart" materials
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Sensors and payloads
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Communication and navigation without GPS
These are specific areas where European strategic independence requires strengthening, and Ukrainian expertise, "developed based on operational experience," can be utilized.
NUNC Capital is a venture investment company focusing on defense technologies. Since 2013, NUNC Capital has created a niche portfolio of defense companies working in critical areas such as advanced materials, unmanned systems, strategic procurement and supply, and critical software.
NUNC Capital is a member of the Brave1 investor community, which supports advanced defense solutions, and a partner of the expanding European Defense Tech network, which promotes innovation in defense technologies.
