Dutch investment company NUNC Capital has announced a €20 million early-stage Venture Building Initiative to invest in emerging Ukrainian defense technologies.
The company plans to create a strategic bridge between Europe’s defense markets and Ukraine's innovative defense technology ecosystem. By establishing a Forward Operating Base in Ukraine, NUNC Capital will invest in local funds to source and support startups developing disruptive defense solutions.
The Venture Building Initiative will focus on strategic domains where significant innovation potential exists. With the main focus on:
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electronic warfare;
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unmanned systems;
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smart materials;
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sensors & payloads;
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GPS-denied communication;
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navigation.
This targeted approach addresses specific areas where European strategic autonomy requires strengthening while leveraging Ukrainian expertise developed through operational experience.
“Since 2013, NUNC Capital [has been investing] in innovative defense solutions. Recent geopolitical developments on the world stage have led us to decide to expand our field of work to Ukraine to contribute, create and cooperate with local defense startups.
We intend to address critical capability gaps in Europe while leveraging Ukraine's accelerated battlefield innovation. This aligns with the recent calls in Europe urging the mobilization of private funding and better utilization of existing financial instruments,” says Bram Oostvogel, CEO of NUNC Capital.
About NUNC Capital
NUNC Capital is a Dutch venture-building investment firm, founded in 2013, focusing on defense technology startups. NUNC Capital has established a niche portfolio of defense companies operating in critical domains such as advanced materials, unmanned systems, strategic sourcing and supply and mission-critical software.
By leveraging its expertise, network, and resources, NUNC Capital actively supports disruptive defense technologies and innovative start-ups, shaping the future of the industry and delivering impactful solutions for defense operations on the ground.
