The American investment group MITS Capital has invested $3.74 million in the Ukrainian robotics company Tencore, known for its multifunctional robotic complex TerMIT.
The deal was announced at the Ukraine Recovery Conference (URC2025) in Rome. The investment was structured through the legal regime "Diia.City" directly into the Ukrainian entity Tencore.
CEO and Founding Partner of MITS Capital, Perry Boyle, stated: "MITS Capital proudly signs the first contract between an American investor and a Ukrainian company in the defense technology sector through 'Diia.City.'"
MITS Capital emphasized that this agreement paves the way for international investors to make direct investments in the Ukrainian jurisdiction without the need for workarounds.
Since the beginning of 2025, the legal regime "Diia.City" has actively expanded into the DefenseTech sector, now comprising over 300 defense resident companies.
As explained by MITS Capital, Article 29 of the Law of Ukraine "On Stimulating the Development of the Digital Economy in Ukraine" includes provisions allowing for loan agreements with performance alternatives. Additional protection is ensured through contractual agreements regarding applicable law with designated countries for arbitration or court proceedings, whose decisions are automatically recognized in Ukraine.
This mechanism makes investments in Ukrainian legal entities as reliable as those in traditional venture-backed C-Corps in Delaware or E-Residency companies in Estonia, emphasized CIO and Founding Partner of MITS Capital, Denis Hurak.
MITS Capital, established in 2024, focuses on investments in Ukrainian defense technology innovations. As of July 2025, MITS Capital's portfolio includes 11 companies.
Tencore is a Ukrainian developer and supplier of robotic platforms, employing a team of over 200 people. The TerMIT development features a modular architecture adaptable to various tasks, including logistics, evacuation missions, support for engineering operations, and providing fire support to frontline units.
Additionally, in June, it was announced that the Ukrainian communication systems manufacturer Himera Radios and Tencore would collaborate to create stable and secure communication for ground robotic systems.