Overview
- URIF’s governing board in Kyiv approved the deal Wednesday, making Sine Engineering the fund’s first portfolio company.
- Sine Engineering builds satellite-independent navigation and other drone components used by more than 150 Ukrainian UAV and interceptor makers.
- The company was selected from over 200 applicants, and officials have not disclosed the investment amount or terms.
- DFC officials are in Kyiv this week meeting companies as the fund lines up two more investments later this year.
- Created in April 2025 under a minerals-linked framework, the jointly managed fund invests as a minority, private-equity-style backer with priorities in energy, dual-use manufacturing, and critical minerals.