Amsterdam’s NUNC Capital launches €20M initiative to back emerging Ukrainian defence tech

Amsterdam-based NUNC Capital, a firm that backs startups and scale-ups in the defence industry, has launched a €20M early-stage Venture Building Initiative.

The initiative aims to connect Europe’s defence markets with Ukraine’s defence technology sector. NUNC Capital plans to establish a Forward Operating Base in Ukraine to identify and support startups working on new defence solutions.

Bram Oostvogel, CEO of NUNC Capital, says, “Since 2013, NUNC Capital has invested in innovative defence 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 defence 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 mobilisation of private funding and better utilisation of existing financial instruments.”

What to expect from the initiative?

NUNC Capital’s Venture Building Initiative will invest in defence technology sectors with innovation potential. 

The focus areas include electronic warfare, unmanned systems, smart materials, sensors and payloads, and GPS-independent communication and navigation. The initiative aims to support European strategic autonomy while utilising Ukrainian operational expertise.

Currently, NUNC Capital is a partner of the Brave1 investor community, which supports defence solutions, and the European Defence Tech network, which promotes defence technology innovation.

Brief about NUNC Capital

NUNC Capital is an investment firm specialising in defence technology. Since 2013, it has built a portfolio of defence companies operating in areas such as advanced materials, unmanned systems, strategic sourcing, supply, and mission-critical software. 

The firm supports defence startups by providing expertise, connections, and resources, aiming to develop technologies that impact military operations.

NUNC Capital mentions on its website, “Defence technology is a broad term. We invest in critical, disruptive and emerging solutions to real-world challenges. Next-generation technologies that have enduring effect. Building innovative companies that strengthen Europe’s autonomy while creating lasting partnerships with our international allies.”