UK drone maker founded by Ukrainians hits £4.5bn value after raising £500m

1. The Guardian World FIRST 1h ago UK drone maker founded by Ukrainians hits £4.5bn value after raising £500m

   Britain’s national wealth fund invests £113m in UForce, whose equipment has been used heavily in war with Russia A London-based naval drone maker founded by Ukrainians has reached a £4.5bn valuation after it raised more than £500m from investors including the UK government. UForce, which makes military drones for land, air and sea, received £113m from the UK’s national wealth fund. The investment makes UForce one of the UK’s fastest-growing unicorns – or startups with a valuation of more than $1

Related stories

U.S. Burberry returns to profit as sales soar, from £85 socks to £9,000 bags 2 sources Politics A blue wave helped offset for now a falling tally of Black members in the U.S. House 2 sources World Are max strength cold and flu pills worth the money? 2 sources World Some under-25s should get less benefits, Milburn review to say 3 sources

← Front page