
Amsterdam-based NUNC Capital, a firm that invests in defense industry startups, has launched a €20M early-stage Venture Building Initiative.
The goal of this initiative is to connect Europe’s defense markets with Ukraine’s defense technology sector. NUNC Capital plans to set up a base in Ukraine to identify and support startups creating new defense solutions.
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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.”
NUNC Capital’s Venture Building Initiative will invest in promising areas of defense technology.
These include electronic warfare, unmanned systems, smart materials, sensors, GPS-free communication, and navigation. The initiative aims to help Europe become more independent in defense while using Ukraine’s knowledge and experience.
NUNC Capital is currently a partner of the Brave1 investor community, which focuses on defense solutions, and the European Defence Tech network, which promotes innovation in defense technology.
About NUNC Capital
Since 2013, NUNC Capital has invested in defense companies working in areas like advanced materials, unmanned systems, supply management, and mission-critical software. The firm supports defense startups by offering expertise, connections, and resources to help develop technologies that improve military operations.