Context

In 2025, Ukrainian defense technology companies raised about $129 million, and the actual amount is likely higher due to undisclosed deals. In 2026, new funds emerged: TA Ventures launched a $35 million fund. for defense startups, Resist.ua – €50 million for developers of defense technologies and dual-use technologies.

Companies carefully calculate their own production capacity, but rarely ask their suppliers the same question. According to the Council on Foreign Relations, Ukraine produced about 4 million drones in 2025, and the Ministry of Defense has set a target of 7 million for 2026. When the entire market is expanding at the same time, a single component that everyone buys from one manufacturer can become a problem.