Ukrainian Defense Tech Company M-Fly Secures Additional Funding for Production Expansion
M-Fly, a Ukrainian defense technology company specializing in laser guidance systems and gyro-stabilized gimbals for drones, has secured new funding led by MITS Capital. The round also included existing investors Freedom Fund and Norwegian VC Gardar, along with an undisclosed investor. While the exact amount of capital raised remains unannounced, this investment aims to scale production amid rising demand from Ukrainian forces and NATO allies. Founded in late 2023 as a spin-off from a military-focused volunteer project, M-Fly has already secured $1.4 million through grants and venture funding by mid-2026. The company's products have been battle-tested in Ukraine at speeds up to 350 km/h and include systems like the RB-150CW laser-guided unit and the heavy-duty RB-220 gimbal, used across air, maritime, and ground platforms. M-Fly has doubled its workforce over the past year and significantly increased revenue. The company's strategy of vertical integration allows it to control costs while maintaining high performance standards. Its ability to offer competitive pricing—often below that of Chinese alternatives—has been a key factor in attracting new funding for further growth.
Topics: defense technology Ukrainian startups venture capital funding