Doing business
Ukrainian Defense Tech startup Frontline has raised $150,000 from venture angel fund Angel One. The fund invested through a syndicated deal.
The startup develops solutions for the defense sector, such as drone-bombers “Linza” and reconnaissance drones “Zoom”, as well as combat robotic systems “Burya”. The funds raised will accelerate production and increase the volume of product deliveries to the front.
Angel One became the second fund to announce an investment deal with a startup. In early December, Frontline also received $100,000 from the Estonian accelerator Startup Wise Guys.
In 2024, Angel One Fund invested in six Defense Tech and Dual-use Tech startups through syndicated deals. Frontline became the fund’s seventh investment.
Source: https://mind.ua/