Black Forest Systems has closed a €450,000 funding round. The final stage of the round was the attraction of an additional €175,000 in investment from Front Ventures.
Black Forest Systems has closed a €450,000 funding round. The final stage of the round was the attraction of an additional €175,000 in investment from Front Ventures.
This was reported by the company.
The company will use the raised financing to accomplish three key tasks: accelerating the development of current products; expanding the workforce; and increasing existing production capacities.
The company was founded in 2024. The team is engaged in the creation of unmanned systems. According to the company’s CEO Oleksandr Davydenko, their goal is to transfer the complexity from the operator to the technology itself, so that even military personnel without experience can effectively use drones. The company’s solutions are designed for use directly by infantry units.
Front Ventures is a Swedish investment company specializing in the defense industry and fintech sector.
The fund was founded in 2012. It previously invested in fintech, enterprise software, and blockchain, but later changed its strategic focus to defense technologies.
The fund’s portfolio currently includes Black Forest Systems, SkyHunter, Aeromotors, the joint venture Scandinavian X (founded by Front Ventures, Skygaard, Hede Capital, and the Ukrainian company Vluchnyk and specializing in interceptor drones), and other projects.
We remind you that in March 2026, Front Ventures opened an office in Lviv. This is necessary in order to strengthen its presence in Ukraine. The head of the Lviv office will be lawyer Nazar Shestopalov. His key area of responsibility will be communication with the authorities on import, export and obtaining the necessary permits.
