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Kalyna Capital

www.greenflag.vc

Green Flag Ventures backs founders in Defense, AI & Cyber who field-test their technology in real combat conditions before scaling to global markets. They focus specifically on AI-driven autonomy, resilient communications, RF counter-UAS, and next-generation navigation—sectors where battlefield performance converts directly into commercial and government demand.

Check Size

Up to $1M

Stages

Not specified

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Investment Thesis

Green Flag Ventures invests in Ukrainian dual-use startups that have been battle-tested on the front line, believing that wartime innovation produces tomorrow’s market leaders. Their core philosophy is to bridge front-line technology from Ukraine to Western markets (NATO and Fortune 500), recognizing that ‘Defense needs tomorrow’s tech today; mainstream venture looks away.’ They operate as a frontier-market VC that puts capital on the frontline and brings war-proven solutions to the West, based on the principle that incoming fire creates instant feedback loops enabling rapid iteration and validation.

What Sets Them Apart

  • On-the-ground presence in Ukraine with 10+ years embedded in the tech sector
  • Portfolio companies are battlefield-validated before entering supply chains
  • Access to frontline telemetry and combat data that train AI models competitors cannot access
  • Deep bench of defense practitioners including co-founder of U.S. Defense Innovation Unit, ex-CIA officers, Air Force electronic warfare leaders, and NATO strategists
  • Capital-efficient exit potential through strategic buyers and NATO budget surges rather than decade-long IPO waits
  • Unique position to facilitate first contracts with allied governments and critical infrastructure

Portfolio Highlights

Teletactica Communications

Defense Communications

Kara Dag Technologies

Counter Ew Uas

Himera

Defense Communications

Swarmer AI

Autonomous Systems Robotics

AstraNav

Navigation Pnt

Falcons

Electronic Warfare

Investment Team

11 Partners at Kalyna Capital

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