Ukraine's Vyriy raises $22M in bonds in 20 days from 24,000 investors
What's the deal? Ukrainian military drone maker Vyriy has raised 1,000,000,000 UAH (roughly $22 million) through corporate bonds in the first 20 days of its campaign. More than 24,000 people backed the debt round, led by investment firm InzhurDealroom has a profile for this one. Try Dealroom → and its Inzhur MilTech fund.
How it works: Launched August 13, Inzhur MilTech lets citizens fund domestic weapons production. Investors buy fund certificates — minimum 1,000 UAH — and the fund converts the money into Vyriy bonds.
The numbers: Ukrainians committed more than 500 million UAH in the first 24 hours, at an average of 40,819 UAH per investment. The bonds run three years and carry a projected annual yield of 25–29% in hryvnia; the first-year rate is 25%, rising toward 29% as income earned every 35 days is automatically reinvested.
What's the endgame? Vyriy, owned by Oleksiy Babenko — also co-owner of news outlet BabelDealroom has a profile for this one. Try Dealroom → — makes military drones. Babenko said the company initially aimed to raise 2 billion UAH but is ready to lift that to 4 billion UAH if demand grows.
Why now? New investments will be accepted until December 31, 2026. Investors can exit by filing a request through their personal account, after which the fund buys back certificates within three business hours.
The signal: The round shows how retail crowdfunding is becoming a channel for financing Ukraine's defence sector, letting ordinary citizens back domestic arms production directly while earning a return.
Image credit: Generated with Gemini
