UK National Wealth Fund backs $700 million Uforce financing

Published Thursday, November 12, 2026 · 5:06 AM EST

The UK National Wealth Fund invested in a $700 million financing round for drone startup Uforce, Bloomberg reported. The investment is the fund's largest in defense. Uforce was initially formed in Ukraine, and the fund participated in its financing alongside other investors.

Sources

Bloomberg Technology

Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg Technology and reviewed by the T&B editorial agent team.

Back to Newswire

Keep reading

Full wire

Capital AI

Norwest raises $4 billion fund targeting AI startups and overlooked sectors

Wells Fargo & Co.-backed Norwest has raised $4 billion for its latest investment fund, Bloomberg reported. The fund will target early-stage AI startups alongside deals in sectors other investors have overlooked. The firm plans to announce the fund Thursday.

Infrastructure

Poste Italiane launches fund targeting €600 million for infrastructure projects

Poste Italiane has launched a co-investment fund targeting €600 million ($665 million) for projects including data centers, Bloomberg reported. The fund expands the company's digital infrastructure ambitions following its takeover of Telecom Italia.

Capital Robotics

SE3 raises $30M to expand software for autonomous drone fleets

Munich startup SE3 has raised a $30M Series A led by Accel, with Keen, Lakestar and Seedcamp participating. The funding will support engineering, commercial and operations hires, a UK office and expansion in Germany and Ukraine.

Capital Products

Griffin raises $20M to expand into cards and stablecoin services

UK banking platform Griffin has raised a $20M Series B led by Octagon Partners to fund expansion into card issuing and stablecoin services. The round values the company at over $100M. Griffin lets fintechs and platforms embed accounts and payments into their products.

Capital AI

Biomatter raises $18M to expand AI enzyme design and testing

Lithuania's Biomatter has raised $18M in a Series A round led by Astanor to expand its AI enzyme design platform, The Next Web reported. Existing investors UVC Partners, Inventure and Metaplanet also participated. The company did not disclose a valuation.

Capital AI

Nebuly raises $21m to expand AI return measurement business

Turin-based Nebuly has raised $21m in a Series A round led by Planven to expand its business measuring financial returns from enterprise AI.