MITS Capital's Investment in Tencore: A Leap Forward in Robotics
The Ukrainian-American investment group MITS Capital has invested $3.74 million in Tencore, a company known for its robotic solutions, particularly the multifunctional robot complex TerMIT.
The announcement was made during the Ukraine Recovery Conference (URC2025) in Rome. The investment has been structured through the "Diia.City" legal regime directly into the Ukrainian legal entity Tencore.
CEO and Founding Partner of MITS Capital, Perry Boyle, stated, "MITS Capital proudly announces the signing of 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 opens a legal pathway for international investors seeking direct investments in the Ukrainian jurisdiction without the need for circumvention.
Since early 2025, the legal framework "Diia.City" has actively expanded into the DefenseTech sector, now comprising over 300 defense companies.
According to MITS Capital, Article 29 of the Ukrainian Law on "Stimulating the Development of the Digital Economy in Ukraine" contains provisions allowing for the establishment of loan agreements with alternatives for fulfilling obligations. Additional protection for the parties is provided through contractual agreements regarding applicable law for arbitration or courts, whose decisions are automatically recognized in Ukraine.
"This mechanism makes investments in Ukrainian legal entities as reliable as traditional venture business structures like C-Corps in Delaware or E-Residency companies in Estonia," emphasized CIO and Founding Partner Denis Hurak.
MITS Capital, founded in 2024 with offices in Kyiv and New York, 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, with a team of over 200 individuals. The TerMIT development features a modular architecture that adapts to various tasks, including logistics and operational support during combat scenarios.
In June, it was announced that the Ukrainian communication system manufacturer Himera Radios and Tencore would collaborate on creating stable and secure communication for ground robotic complexes.
