Ukraine’s tech ecosystem in 2025 appears top-heavy and driven by a single outlier, rather than broad-based capital inflows.
Total funding reached €945 million, largely driven by a single deal, Grammarly’s $1 billion financing, which pushed the country into the top 10 by total capital raised. However, this headline figure masks a much smaller underlying funding base.
Beyond this outlier, the ecosystem is characterised by numerous small, early-stage rounds, typically below €10 million. Funding activity is concentrated in pre-seed, seed, and Series A stages, with occasional alternative structures such as debt financing, indicating a developing ecosystem with limited late-stage depth.
From an industry perspective, there is a strong presence of defence, security, and robotics, alongside software, AI, and healthtech, highlighting a dual focus on deeptech and scalable digital products.
Overall, the data points to a resilient but uneven ecosystem - a broad and active early-stage pipeline, increasing specialisation in defence and security, but continued reliance on a small number of large, globally scaled companies to drive total funding volumes (for more detailed analyses of the European technology ecosystem, check out Tech.eu’s annual report: European Tech 2025 - The Big Picture).
Here are the 10 companies that raised the most in 2025.
Grammarly
Amount raised in 2025: $1B
Founded in 2009 in Ukraine, Grammarly offers an AI-powered writing assistant that helps users improve clarity, correctness, and tone across documents, emails, and messages, with tools for grammar, spelling, style, and communication enhancement used by individuals and teams.
Grammarly has raised $1 billion in financing to scale sales and marketing and for strategic acquisitions to grow its customer base and extend the reach of its AI productivity platform.
Reface
Amount raised in 2025: €15.2M
Reface is a Ukrainian AI company developing consumer applications for content creation, using generative AI to enable users to create and transform images and videos through features such as face swapping, animation, and style transfer.
Its platform powers a portfolio of mobile and web apps used by millions globally, designed to make advanced creative tools accessible for entertainment, social media, and digital expression.
In 2025, Reface secured €15.2 million in non-dilutive funding to support user acquisition and drive growth of its AI-powered consumer apps.
Swarmer
Amount raised in 2025: €13.1M
Swarmer is a defence technology company developing AI-powered software that enables large numbers of drones and unmanned systems to operate autonomously and coordinate as a single swarm.
Its platform allows a single operator to control and manage complex multi-drone missions in real time, using collaborative autonomy and advanced navigation to operate effectively even in contested or GPS-denied environments.
Swarmer raised €13.1 million over two rounds in 2025, to scale operations and enhance coordination capabilities for autonomous unmanned systems across Ukraine and NATO markets.
Liki24
Amount raised in 2025: $9M
Liki24 is a Ukraine-founded health and wellness marketplace that connects consumers with pharmacies, drugstores, and health product suppliers across Europe through a single platform.
Its AI-driven logistics system aggregates products from multiple sellers, allowing users to compare prices, access cross-border offers, and receive consolidated deliveries of medicines, supplements, and personal care products.
In 2025, Liki24 raised $9 million in a Series A round to support its expansion across Europe and scale its health marketplace and delivery solutions.
PeopleForce
Amount raised in 2025: $5.4M
PeopleForce is a cloud-based HR software platform that helps companies manage the entire employee lifecycle, including recruitment, onboarding, performance, and engagement, through a single, integrated system.
Its modular SaaS solution automates workflows, centralises HR data, and enables organisations to streamline operations and scale people management more efficiently.
In 2025, PeopleForce raised $5.4 million in a pre-Series A funding round to further expand in Poland.
Himera
Amount raised in 2025: €2.5M
Himera is a Ukrainian defence technology company developing secure, electronic warfare-resistant communication systems for military and emergency use, designed to operate reliably in complex combat environments.
Its products include tactical radios and networked communication platforms that enable encrypted voice and data transmission, supporting coordination and situational awareness for frontline units and critical infrastructure operations.
In 2025, Himera raised around €2.5 million over two rounds for the development of secure communications.
Dropla Tech
Amount raised in 2025: €2.4M
Dropla Tech is a Danish-Ukrainian defence and robotics company developing AI-powered systems for detecting landmines, unexploded ordnance, and other battlefield threats using drones, sensor fusion, and autonomous platforms.
Its technology combines real-time data analysis, multi-sensor mapping, and autonomous vehicles to support military operations and humanitarian demining, aiming to improve safety, speed, and efficiency in clearing hazardous areas.
In 2025, Dropla Tech raised €2.4 million in a pre-seed round to accelerate production and deployment of its edge AI systems for detecting explosive threats and enhancing force protection.
M-FLY
Amount raised in 2025: €2.4M
M-FLY is a Ukrainian defence and aerospace technology company developing advanced electro-optical systems and laser guidance solutions for unmanned aerial and robotic platforms.
Its products enable accurate imaging, tracking, and navigation in contested environments, supporting both military operations and dual-use applications such as surveillance and geospatial analysis.
In 2025, M-Fly secured €2.4 million across two funding rounds to support the development of defence technologies.
LetsData
Amount raised in 2025: $1.6M
LetsData is a Ukrainian-founded cybersecurity company that develops AI-powered tools to detect and counter information operations, including disinformation and coordinated influence campaigns, across media and social platforms in real time.
Its platform scans millions of data sources to identify early signals of manipulation, providing actionable intelligence to governments and enterprises to protect against reputational, operational, and security risks.
In 2025, LetsData raised $1.6 million in a pre-seed round to enhance its AI-driven platforms and expand tools for detecting and countering disinformation.
Teletactica
Amount raised in 2025: $1.5M
Teletactica is a defence technology company developing advanced, electronic warfare-resistant communication systems for unmanned and autonomous platforms.
Its hardware (including video and telemetry modems and ruggedised antennas) is designed to maintain secure, reliable connectivity in GPS-denied and high-interference environments, supporting military, industrial, and government operations.
Teletactica secured $1.5 million investment for jamming-resistant communication systems for contested environments.
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