The round values the drone maker at £4.5 billion (about $6 billion) and includes £113 million (about $150.5 million) from the UK’s National Wealth Fund. Founder Oleg Rogynskyy says it will enable production to expand for Ukraine and its allies.
UForce has raised more than £500 million (about $665.9 million) from investors including the UK government, in a round that values the military drone maker at £4.5 billion (about $6 billion). The UK’s National Wealth Fund contributed £113 million (about $150.5 million), The Guardian said.
In March 2026, Interfax-Ukraine reported, citing Bloomberg, that UForce had raised $50 million in an earlier seed round led by Lakestar and Shield Capital that valued the company at more than $1 billion. Seed funding is an early investment used to build a business.
Founded by Ukrainians and based in London, UForce makes military drones for land, air and sea. Its drones have been used extensively in the war in Ukraine. Founder Oleg Rogynskyy said the investment would allow the company to expand production for Ukraine and its allies.
Private equity investor Valor Equity Partners was the other lead investor. Its partner Christopher Cavoli, a retired US general and former NATO supreme allied commander for Europe, will join UForce’s board.
The UK Ministry of Defence said UForce would invest in a British supply chain under the deal, sourcing hulls, engines, electronics and fitting-out work in the UK. It said more than 70% of the content of each UK-built boat would come from British suppliers.
UK Defence Secretary Wes Streeting said bringing experience gained in battle to the UK would create highly skilled jobs, spur innovation and strengthen military readiness and deterrence.
The government approved the transfer to cover a health-insurance subsidy shortfall, drawing 19.08 billion dram from welfare spending and 10.22 billion dram from debt-servicing funds.
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The restriction starts 2 January 2027. The government says it aims to protect food security and reproduction of whitefish in Lake Sevan.
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Home Ministry documents show Amit Shah approved a one-year exemption covering at least 422 items, including Cellebrite products, allowing government forensic institutions to buy outside India’s domestic procurement preference.
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