--- title: UK’s National Wealth Fund to invest in defence tech firm description: The UK's National Wealth Fund plans to invest in Uforce, a London-based defence tech firm making military drones and robots, the Financial Times reports. The... canonical: https://daily.dev/posts/uk-s-national-wealth-fund-to-invest-in-defence-tech-firm-d9mlmupgl twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: UK’s National Wealth Fund to invest in defence tech firm | daily.dev og:description: The UK's National Wealth Fund plans to invest in Uforce, a London-based defence tech firm making military drones and robots, the Financial Times reports. The... og:url: https://daily.dev/posts/uk-s-national-wealth-fund-to-invest-in-defence-tech-firm-d9mlmupgl og:image: https://api.daily.dev/og/posts/D9mlmUPGL.png og:image:alt: UK’s National Wealth Fund to invest in defence tech firm og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # UK’s National Wealth Fund to invest in defence tech firm **[The Next Web](https://daily.dev/sources/tnw)** · 2 min read · 0 upvotes · 0 comments ## Summary The UK's National Wealth Fund plans to invest in Uforce, a London-based defence tech firm making military drones and robots, the Financial Times reports. The FT did not disclose the investment's size or terms, and neither Uforce nor the fund has commented publicly. Uforce, founded by Ukrainians, makes Magura sea drones, Nemesis strike drones, ground robots and counter-drone systems. It hit unicorn status in March at a $1bn valuation and was later in talks to raise $500m at a $5bn valuation, led by Valor Equity Partners. The investment comes as the Budget allocated £15.4bn more to the fund, with up to £5bn more earmarked for defence and dual-use tech over four years. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Questions this post answers ### What does the defence tech company Uforce make? Uforce makes military drones and robots, including Magura sea drones, Nemesis strike drones, ground robots and counter-drone systems. The company was founded by Ukrainians, bringing together several Ukrainian defence manufacturers under one company, and has since moved its headquarters to London. _Investors tracking defense tech funding rounds follow company profiles like this on daily.dev._ ### How much is Uforce valued at and who is investing? Uforce reached unicorn status in March after raising $50m at a valuation of just over $1bn. Six months later it was in talks to raise around $500m at a valuation of about $5bn, in a round led by Valor Equity Partners. The UK's National Wealth Fund is also reportedly planning to invest, though terms haven't been disclosed. _Anyone evaluating defense tech investment trends can follow funding news like this on daily.dev._ ### How much capital did the UK government add to the National Wealth Fund for defence? Chancellor John Healey allocated an additional £15.4bn in capital to the National Wealth Fund in the Budget. The fund and the British Business Bank will also make up to £5bn available over four years for defence and national security, including dual-use technologies with both civilian and military applications. _Those watching UK defense funding policy can keep up with budget shifts like this on daily.dev._ ## Similar posts on daily.dev - [UFORCE, Ukraine's first defence tech unicorn, has conducted 150,000 combat missions as unmanned warfare goes commercial](https://daily.dev/posts/uforce-ukraine-s-first-defence-tech-unicorn-has-conducted-150-000-combat-missions-as-unmanned-warf-kxotgud7d) · The Next Web · 1 upvotes · 0 comments - [Musk ally’s Valor to lead $500m Uforce round at $5bn, Bloomberg reports](https://daily.dev/posts/musk-ally-s-valor-to-lead-500m-uforce-round-at-5bn-bloomberg-reports-cbqxv1bp7) · The Next Web · 0 upvotes · 0 comments - [Ukraine Weapons Tech Thrives Amid Conflict](https://daily.dev/posts/ukraine-weapons-tech-thrives-amid-conflict-b9n5zknpc) · IEEE Spectrum · 1 upvotes · 0 comments - [UK defence firms plan to invest £19.75bn over the next year](https://daily.dev/posts/uk-defence-firms-plan-to-invest-19-75bn-over-the-next-year-z2dwxiozv) · The Next Web · 0 upvotes · 0 comments - [Terra Industries closes $52M seed round to build defense infrastructure for the Global South](https://daily.dev/posts/terra-industries-closes-52m-seed-round-to-build-defense-infrastructure-for-the-global-south-auxaobhdz) · TechCrunch · 0 upvotes · 0 comments --- Tags: [#venture-capital](https://daily.dev/tags/venture-capital), [#defense-tech](https://daily.dev/tags/defense-tech) [View this post on daily.dev](https://daily.dev/posts/uk-s-national-wealth-fund-to-invest-in-defence-tech-firm-d9mlmupgl) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"UK’s National Wealth Fund to invest in defence tech firm","url":"https://daily.dev/posts/uk-s-national-wealth-fund-to-invest-in-defence-tech-firm-d9mlmupgl","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/uk-s-national-wealth-fund-to-invest-in-defence-tech-firm-d9mlmupgl"},"datePublished":"2026-10-30T14:00:08.065Z","dateModified":"2026-10-30T14:00:35.595Z","description":"The UK's National Wealth Fund plans to invest in Uforce, a London-based defence tech firm making military drones and robots, the Financial Times reports. 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