An American venture capital fund invests in a Ukrainian developer of anti-drone systems.

The Green Flag Ventures Capital Fund of American entrepreneur Justin Zeefe and his business partner Deborah Fairlamb, which specializes in investing in Ukrainian defense startups, announced an investment in Karadag Technologies, a Ukrainian developer of anti-UAV and electronic warfare systems.

Karadag addresses one of the most pressing challenges in modern warfare: the threat posed by unmanned aerial systems (UAS). Their flagship products detect, track, jam, and neutralize enemy drones with unparalleled precision. This investment will allow Karadag to meet existing demand and satisfy a growing international market. Details of the deal were not disclosed.

The global counter-UAV market is forecast to exceed $10.5B by 2030, and Karadag is well-positioned to meet both current and future demand. “Collaboration with Green Flag Ventures is a key moment for Karadag. It allows us to scale our operations, improve our technology, and expand our influence in both the military and civilian sectors – all over the world,” the company said. One of Karadag’s products is the Obriy drone detector, which notifies users of a drone’s approach from 2.5 to 4 kilometers away.