Defence holding UFORCE, founded by Oleksiy Honcharenko and Oleg Roginsky, has completed a funding round worth $700 million. The main investors were Valor Equity Partners and the British state fund, the National Wealth Fund, which provided $150 million. The American-Ukrainian Recovery Fund (URIF) also joined the investor group, although the size of its contribution has not been disclosed.
Ownership structure and company valuation
The holding, registered in the United Kingdom, unites manufacturers of Magura and Nemesis series drones, Liut platforms, and Predator combat modules. According to Oleksiy Honcharenko's 2025 declaration, when he was still serving on the supervisory board of Ukroboronprom, his stake in UFORCE GLOBAL LIMITED stood at 78.07%.
However, subsequent Polish registry data indicates a different share distribution: 44.25% each belong to Oleksiy Honcharenko and former head of Ukrenergo, Vsevolod Kovalchuk. Current stakes following the completion of the new investment round remain unknown. The company's total valuation is estimated at approximately $6 billion.
British partnership and production
The $150 million raised from the British state fund will be directed towards production in the United Kingdom. Under the plan, over 70% of components for locally assembled boats will be purchased from British suppliers.
The UFORCE board of directors includes former UK Defence Secretary Ben Wallace and former NATO Commander in Europe Christopher Cavoli.
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