Legal & structuring
Dr. Alex Goetzinger
Senior legal and investment structuring expert.
/ 01Capital · Cyber & Defence
Europe’s fastest innovation cycle, made institution-ready.
We bridge Ukraine’s operationally validated R&D with European capital, governance, and industrial scale — across defence, security, and dual-use technologies.
/ 02The integration corridor
From frontline validation to industrial scale.
A pathway built for institutional capital, linking Ukrainian frontline technology with European governance, industrial partners, and supply chains.
/ 01 — Source
Frontline validation
Ukraine-based founder, engineer, operator, and agency networks. Regular field-user feedback through permitted and documented channels.
/ 02 — Package
Institution-ready vehicle
Governance, reporting, compliance, and LP onboarding designed for institutional capital. Luxembourg fund architecture subject to final legal structuring.
/ 03 — Integrate
European industry pathways
Partnership opportunities across the European defence and dual-use ecosystem, including established manufacturers, specialist integrators, and commercial buyers.
/ 04 — Scale
Strategic scale & M&A
Exit pathways through industrial partnerships, strategic M&A, and dual-use commercial scale-out as European defence supply chains consolidate.
/ 03Strategic verticals
Three domains where defence demand and dual-use commercial markets converge.
We invest in resilient technologies, not conflict outcomes. The thesis is scenario-agnostic.
01 / Cognitive security
AI-driven cyber defence & information integrity.
Threat analytics, identity, situational awareness. Field-tested in one of the world's most contested electronic-warfare environments.
- AI-driven threat detection
- Identity & access integrity
- Information-environment defence
02 / Autonomous systems
UAV, counter-UAV, sensor fusion, edge AI.
Innovation cycles compressed from years to weeks under contested networks and urgent demand. Technology Readiness Level (TRL) 7–9 and repeat field usage are baseline filters.
- UAV / C-UAS platforms
- Unmanned ground & maritime
- Edge inference & mesh sensing
03 / Critical infrastructure
Resilient energy, communications, industrial durability.
Validated under sustained cyber and kinetic pressure on grids, networks, and supply chains. Direct read-through to European civilian deployment.
- Grid & energy-system protection
- Secure tactical communications
- Industrial & logistics resilience
/ 04How we evaluate
Clear investment process. Explicit no-go criteria.
Every opportunity passes through the same filters. Frontline validation comes first; commercial scalability second; defensible IP third.
Must have
- Validated frontline or operational usage — not lab-only.
- Clear dual-use trajectory and European commercial readiness.
- TRL 7–9, with documented repeat deployment.
- Defensible IP and a credible founding team.
- Path to European industrial integration within 18 months.
Will not invest
- Lethal-decision autonomy without meaningful human control or human-in-the-loop safeguards.
- Single-customer dependency without a credible second buyer.
- Pre-validation R&D dressed as deployable product.
- Hardware without a path to manufacturing scale-up.
- Anything that does not pass formal export-control, sanctions, and dual-use review.
/ 05Team & architecture
Access, governance, and technical judgment — the Kyiv–Europe corridor.
Each stage of the value chain has a named lead, defined backup coverage, and an auditable decision path.
EU & NATO
Dr. Wolfgang Penzias
Former high-level career diplomat.
Investment adviser
Jørgen Rauberg
Investment banking & portfolio management.
Fund manager
Stefan Rupp
VC and PE General Partner.
Regulatory & compliance
Thorsten Steffen
Structuring, AML & KYC expert.
Fund manager (Chair)
Franz Traussnig
VC and PE General Partner.
Venture partner
Uwe J. Umlauff
Technology transfer. Cyber & defence investor.
Technology lead
Christian Weichselbaum
Defence technology and cyber security expert.
Adviser · Ukraine
Confidential
Kyiv-based · introductions on request.
Adviser · Military
Confidential
Kyiv-based · introductions on request.
/ 06Field intelligence
Open-source signals. Operational clarity.
Published weekly, every Tuesday. Defence tech landscape analysis across Ukraine, Europe, and the emerging European industrial base.
Cadence
Weekly
Every Tuesday
Sources
220+ feeds
Open-source intelligence, primary documents, field reports.
Format
3 / 5 / 1
Three exec callouts · five top signals · one narrative.
Audience
Public
Investors, industrial actors, and government decision-makers.
/ 07Start a conversation
Build it, buy it, or back it.
For LP introductions, technical due diligence, co-investment, or operational partnership.
ftraussnig@etiic.chDomiciledLuxembourg
SourcedKyiv · Dnipro
OperatedGeneva
Response≤ 48h
StagePre-launch · 2026