Where in Ukraine did investors put their money in 2024?

Last year, there were no investment deals in Ukraine worth over $200M, whereas in 2023, the largest M&A deal reached a value of $500M, according to analysts. Foreign investors accounted for 45% of the total number of investment deals and represented 60% in terms of value. The structure of these deals by sector is as follows:

1. In the IT, technology, and telecommunications sector, 41 deals were concluded totaling $496M.
2. In construction and real estate, there were 29 deals for a total of $202M.
3. In agriculture, 11 deals amounted to $129M.
4. In the extractive industry, eight deals were totaled $102M.

The total transaction value across all sectors is $1.17B. Approximately 35% of last year’s deals were in the technology sector. A significant portion involved financing attracted by technology companies founded in Ukraine, primarily from foreign investors.

In Ukraine’s technology sector, one notable area is defense tech, which is gaining traction in wartime conditions. Additionally, an increase has been noted in the number of foreign investors announcing joint ventures and production in the defense and military-technical sectors.