D3 Venture Capital Firm Market Research Report

Background

Overview

D3 Venture Capital Firm is an early-stage venture capital fund and accelerator established in 2022, headquartered in Kyiv, Ukraine. The firm is dedicated to investing in defense technology startups, aiming to strengthen democracies worldwide by harnessing innovation in the defense sector.

Mission and Vision

D3's mission is to support and scale technology-driven startups that contribute to national security and defense capabilities. The firm's vision is to create a global network of defense tech companies that collaborate to enhance security and democratic values.

Primary Area of Focus

The firm focuses on early-stage investments in sectors such as drones, artificial intelligence, defense, security, demining, sensors, and other security technologies. By providing both capital and strategic support, D3 aims to accelerate the growth of startups that address critical defense needs.

Industry Significance

D3 plays a pivotal role in the defense technology ecosystem by bridging the gap between innovative startups and the defense sector. Its investments contribute to the development of advanced technologies that enhance national security and support democratic institutions.

Key Strategic Focus

Core Objectives

Investment: Provide initial funding to early-stage defense tech startups, enabling them to develop and deploy innovative solutions.

Tailored Support Program: Offer a comprehensive support program designed to ensure rapid deployment and scaling in active combat, create a stronger business foundation, and identify global growth opportunities.

Specific Areas of Specialization

D3 specializes in the following areas:

Drones: Investing in unmanned aerial vehicles for surveillance and combat applications.

Electronic Warfare (EW): Supporting technologies that disrupt or deceive enemy electronics.

Autonomy: Funding autonomous systems for defense operations.

Sensors: Developing advanced sensors for detection and monitoring.

Artificial Intelligence (AI): Integrating AI into defense technologies for enhanced decision-making.

Demining: Creating solutions for the detection and neutralization of landmines.

Cybersecurity: Strengthening defense against cyber threats.

Key Technologies Utilized

D3 leverages cutting-edge technologies in AI, machine learning, and data analytics to assess investment opportunities and support portfolio companies in developing advanced defense solutions.

Primary Markets or Conditions Targeted

The firm primarily targets startups from Ukraine and its allied countries, focusing on technologies that address current defense needs and have the potential for rapid deployment and scaling.

Financials and Funding

Funding History

D3 has raised a total of $125,000 in initial funding for each startup, with the capacity to provide follow-on capital up to $750,000 in subsequent financing rounds.

Recent Funding Rounds

The firm has made investments in the following startups:

Chariot Defense: Seed Round on July 16, 2025.

Swarmer: Pre-Seed Round on November 16, 2023.

Notable Investors

Specific details about individual investors are not publicly disclosed.

Intended Utilization of Capital

The capital raised is utilized for:

Initial Investments: Providing seed funding to early-stage startups.

Tailored Support Programs: Offering mentorship, business development support, and access to a global network of security leaders and investors.

Pipeline Development

Key Pipeline Candidates

D3's portfolio includes:

Chariot Defense: A startup focused on bridging the military's critical battlefield energy and power gap.

Swarmer: A company developing autonomous systems for defense applications.

Stages of Clinical Trials or Product Development

Specific stages of product development for these startups are not publicly disclosed.

Target Conditions

The startups aim to address various defense challenges, including energy supply in combat zones and autonomous operations in complex environments.

Relevant Timelines for Anticipated Milestones

Detailed timelines for product development and deployment are not publicly available.

Technological Platform and Innovation

Proprietary Technologies

D3 employs proprietary technologies in AI and data analytics to evaluate investment opportunities and support portfolio companies in developing advanced defense solutions.

Significant Scientific Methods

The firm utilizes machine learning algorithms and data-driven methodologies to assess the feasibility and scalability of defense technologies.

Leadership Team

Key Executive Profiles

Eveline Buchatskiy: Managing Partner

Taras Lutsiv: Investment Associate

Anton Verkhovodov: Partner

Professional Backgrounds and Contributions

Specific professional backgrounds and contributions of the leadership team are not publicly detailed.

Competitor Profile

Market Insights and Dynamics

The defense technology sector is experiencing significant growth, driven by increasing global security concerns and technological advancements. Investments in this sector are crucial for developing innovative solutions to complex defense challenges.

Competitor Analysis

D3's competitors include other venture capital firms and accelerators focusing on defense technologies, such as:

Third Rock Ventures: Invests in biotechnology startups.

DAG Ventures: Provides early and growth-stage funding to startups.

Bessemer Venture Partners: A global venture capital firm investing across various sectors.

Strategic Collaborations and Partnerships

D3 collaborates with the Armed Forces of Ukraine to facilitate the deployment and scaling of defense technologies.

Operational Insights

D3 differentiates itself by focusing on early-stage investments in defense tech startups from Ukraine and its allied countries, providing tailored support programs, and leveraging a global network to accelerate the growth of its portfolio companies.

Strategic Opportunities and Future Directions

Strategic Roadmap

D3 plans to expand its portfolio by identifying and investing in additional startups that address critical defense needs, with a focus on technologies that can be rapidly deployed and scaled.

Future Business Directions

The firm aims to strengthen its global network, enhance its support programs, and increase its impact on the defense technology sector.

Opportunities for Expansion

D3 has opportunities to collaborate with international defense organizations, expand its investment scope to include a broader range of defense technologies, and support startups in scaling their solutions globally.