MITS Capital Invests in Ukrainian Robotics Firm Tencore
The Ukrainian-American investment group MITS Capital has invested $3.74 million into the Ukrainian robotics company Tencore, known for its multifunctional robotic complex TerMIT. The announcement was made during the Ukraine Recovery Conference (URC2025) in Rome.
The investment was structured through the legal framework of "Diia.City", allowing direct investment into the Ukrainian entity Tencore.
"MITS Capital proudly signs the first contract between an American investor and a Ukrainian defense technology company through "Diia.City", – stated CEO & Founding Partner Perry Boyle.
MITS Capital noted that this agreement opens a legal pathway for international investors to make direct investments into the Ukrainian jurisdiction without seeking alternative routes.
"Since the beginning of 2025, the "Diia.City" legal regime has actively expanded into the DefenseTech sector, now encompassing over 300 defense resident companies," – the statement read.
According to MITS Capital, Article 29 of the Law of Ukraine on "Stimulating the Development of the Digital Economy in Ukraine" includes provisions allowing the creation of loan agreements with performance alternatives. Additional protection for the parties is ensured by contract agreements on applicable law with defined countries for arbitration or courts, whose decisions are automatically recognized in Ukraine.
"This mechanism makes investments in Ukrainian legal entities as reliable as those in familiar venture business structures like C-Corps in Delaware or E-Residency companies in Estonia," – emphasized CIO & Founding Partner Denis Hurak.
MITS Capital, established in 2024, has offices in Kyiv and New York, focusing 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, and engineering operations such as mine laying and clearance, as well as providing fire support to frontline units.
Additionally, in June, it was announced that the Ukrainian communication systems manufacturer Himera Radios and Tencore would collaborate on creating stable and secure communication for ground robotic complexes.
