Front Ventures
Venture capitalStockholm · Seed–Series A · 6 people tracked
Investment thesis
Front Ventures aims to bridge Ukrainian military innovations with Western capital, production capacity, and military demand. It combines early investments in Ukrainian defense tech companies with scaling and manufacturing in Western Europe, arguing that Ukrainian product development is cost-effective and battle-tested while Europe offers lower capital costs, available production capacity, and acute demand. The firm focuses on areas such as UAV control systems, target acquisition, command software, manufacturing and autonomous defense systems, secure defense communications, and counter-drone and electronic countermeasures. It sees a major opportunity as EU defense spending rises and the bloc targets increasing domestic defense procurement from 22% (2022) to 50% (2030).
Source: firm website, verified Aug 16, 2026.
Team · 6 people
from the firm's websiteWhat they invest in
from 3 of 14 portfolio companiesDefense Tech ×2Hardware ×2Advanced Manufacturing ×1Deep Tech ×1Logistics & Supply Chain ×1Robotics ×1
HQs:Ukraine×1
Investments · 14 tracked
founders shown can be your intro pathDevelops military products using a model that activates existing civilian industrial capacity in Sweden and Europe.
AEROMOTORS provides motors, offering a product catalog and test samples to interested parties.
Advanced ManufacturingHardware
Swedish defense infrastructure facility with a classified hangar serving as an operational base for defense technology activities.
Legacy fintech investment held via an investor consortium, prepared for divestment.
Develops a patented tactical radar system for early detection and tracking of small low-altitude airborne threats.
Molfar Defence Technologies develops tactical radar systems for early detection, localization, and tracking of small, low-observability aerial threats such as drones in complex low-altitude conditions.
Deep TechDefense TechHardware
Scandinavia's first drone factory based on Ukrainian innovations; a joint venture between Front Ventures, Skygaard, Hede Capital, and Vluchnyk.
Develops automated air defense systems to detect and eliminate hostile drones; approved by Ukraine's BRAVE1 defense innovation portal.
Ukrainian defense company developing unmanned ground vehicles (UGVs) for logistics, casualty evacuation, and assault missions; flagship Konyk ONE platform.
TrinityX builds an unmanned ground robotic vehicle for logistics and casualty-evacuation tasks, designed for military use.
Defense TechLogistics & Supply ChainRobotics
Swedish fintech company developing embedded finance solutions on a cloud platform used by banks in South Asia, South America, and Africa.
Frequently asked questions
- How many investments has Front Ventures made?
- Front Ventures has 14 tracked investments.
- What stage does Front Ventures invest at?
- Front Ventures invests at the Seed, Series A stages.
- What sectors does Front Ventures focus on?
- Front Ventures focuses on Deep Tech, Defense Tech, Fintech, Hardware, Robotics.
- Where is Front Ventures located?
- Front Ventures is headquartered in Stockholm, SE.
- Does Front Ventures lead rounds?
- Yes, Front Ventures leads investment rounds.
Media · Podcasts & interviews
featuring the teamFront Ventures Q4 - VD Jonas Malmgren presenterar bolagets bokslut med Q&A
Investor Studios · Jonas Malmgren
Images
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