The Ukrainian-American investment group MITS Capital has invested $3.74 million in Tencore, a company noted for its robotic system TerMIT. This was announced in a press release from MITS Capital.
The agreement was unveiled during the Ukraine Recovery Conference (URC2025) in Rome. The investment is structured through the legal framework of "Diia.City" directly into the Ukrainian entity Tencore.
CEO of MITS Capital, Perry Boyle, stated, "MITS Capital proudly signs the first contract between an American investor and a Ukrainian company in defense technology through 'Diia.City.'"
MITS Capital highlighted that this agreement provides a legal pathway for international investors to make direct investments into Ukrainian jurisdiction without seeking alternative routes.
Since the beginning of 2025, the legal regime of "Diia.City" has been actively expanding into the DefenseTech sector and currently includes over 300 defense resident companies.
Representatives from MITS Capital explained that Article 29 of the Law of Ukraine on "Stimulating the Development of the Digital Economy in Ukraine" includes provisions allowing for the creation of loan agreements with alternatives for obligation fulfillment. Additional protection is provided through contractual agreements regarding applicable law with specified countries for arbitration or courts, whose decisions are automatically recognized in Ukraine.
"This mechanism makes investments in Ukrainian legal entities as reliable as those in traditional venture businesses like C-Corps in Delaware or E-Residency companies in Estonia," emphasized CIO & Founding Partner of MITS Capital, Denys Hurak.
MITS Capital, founded in 2024 with offices in Kyiv and New York, focuses on investing in Ukrainian defense technology innovations. As of July 2025, MITS Capital's portfolio includes 11 companies.
Tencore is a Ukrainian developer and supplier of robotic platforms, working with a team of over 200 specialists. The TerMIT system features a modular architecture that adapts to various tasks, including logistics and engineering support operations.
Additionally, in June, it was announced that Tencore is collaborating with the Ukrainian communication systems manufacturer Himera Radios to develop secure communication for ground robotic complexes.
