Tech Company Financing Transactions

Unmanned Defense Systems Funding Round

Coinvest Capital, private investors and Lithuanian Business Angel Network participated in a $3.5 million venture round for Unmanned Defense Systems. The round was recorded on 5/24/2024.

Transaction Overview

Announced On
5/24/2024
Transaction Type
Venture Equity
Amount
$3,500,000
Round
Undisclosed
Investors

Coinvest Capital (Lead Investor) (Viktorija Trimbel)

private investors (�arunas Rackauskas)

private investors (Giedrimas Jeglinskas)

private investors (Gytenis Galkis)

private investors (Linas Sargautis)

private investors (Martynas Kandzeras)

private investors (Paulius Vilemas)

private investors (Rita Sakus)

private investors (Vladas La�as)

Lithuanian Business Angel Network

Proceeds Purpose
Investments will be directed to continuing to develop proprietary swarm technologies, fostering advancements in drone autonomy and inter-drone coordination, strengthening NATO's military capacity, and aligning it with the demands of 21st-century warfare.

Company Information

Company Status
Private & Independent
Industry
Defense
Mailing Address
Mokslininku st. 2A
Vilnius, 08412
Lithuania
Email Address
Overview
Unmanned Defense Systems specializes in advanced loitering munitions, battlefield situational awareness, and swarm tech solutions, focusing on integrating AI-based UAV swarms with modern BMS.
Profile
Unmanned Defense Systems LinkedIn Company Profile
Social Media
Unmanned Defense Systems Company Twitter Account
Company News
Unmanned Defense Systems News
Facebook
Unmanned Defense Systems on Facebook
YouTube
Unmanned Defense Systems on YouTube

Management Team

Title
Name
Email & Social
Chairman
Vytenis Buzas
  Vytenis Buzas LinkedIn Profile  Vytenis Buzas Twitter Account  Vytenis Buzas News  Vytenis Buzas on Facebook
Chief Technical Officer
Ernestas Kalabuckas
  Ernestas Kalabuckas LinkedIn Profile  Ernestas Kalabuckas Twitter Account  Ernestas Kalabuckas News  Ernestas Kalabuckas on Facebook


 

 

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We do our best to report on tech company VC transactions. VC investment data records reported here are sourced from a variety of public sources. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


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