The startup scene of Ukraine is vibrant and in rapid growth, with cities like Kyiv and Lviv turning into tech hubs. The country consists of highly skilled developers, while also being supportive of the necessary ecosystem, hence attracting considerable venture capital interest. Notable firms include AVentures Capital, Digital Future, and ICU Ventures, which are very active in their investments within the early-stage tech startups. To help entrepreneurs, we've compiled a comprehensive list of venture capital investors and selected the top 10 firms in Ukraine. Explore more about these investment opportunities here.
Here's a table that summarizes the overall VC data for a quick overview:
| VC Firm | Ticket Size | Stages | Founding Year |
|---|---|---|---|
| AVentures Capital | $500,000 to $3 million | Seed to Series A | 2012 |
| TA Ventures | $100,000 to $500,000 | Seed to Series A | 2010 |
| Digital Future | $50,000 to $500,000 | Seed and early-stage | 2014 |
| Chernovetskyi Investment Group (CIG) | $1 million to $10 million | Seed to Series D | 2012 |
| ICU Ventures | $200,000 to $5 million | Seed to Series B | 2018 |
| ff Venture Capital | $350,000 to $1 million | Seed and early-stage | 2008 |
| SID Venture Partners | Not disclosed | Seed and early-stage | 2021 |
| Flyer One Ventures | $100,000 to $2 million | Seed to Series A | 2020 |
| Network VC | $100,000 to $300,000 | Early revenue and scaling | 2019 |
| Altair Capital | $100,000 to $3 million | Pre-seed to Series A | 2012 |
1. AVentures Capital
AVentures Capital is a Ukraine-based VC firm that invests in early-stage technology startups with R&D activities in Ukraine and CEE. Focusing on software, SaaS, IoT, cloud, and mobile technologies, AVentures supports innovative companies disrupting international markets. Its portfolio includes the likes of Petcube and StarWind Software. They usually co-invest with such funds as Almaz Capital and Y Combinator. AVentures supports founders with hands-on expertise and a global growth mindset.
- Website: aventurescapital.com
- Founding Year: 2012
- Investment Range: $500,000 to $3 million
- Stage: Seed to Series A
- Sector: Software, e-commerce, cloud services, mobile technologies, IoT
- Geography: Ukraine and Central Eastern Europe
- Notable Investments: PetCube, Augmented Pixels, Spin Technology, StarWind Software, Teamfusion
- Submit Pitch/ Contact: Link
2. TA Ventures
TA Ventures is a globally oriented early-stage VC firm. They mainly invest in tech startups at Pre-Seed and Seed stages. The firm focuses on HealthTech, FinTech, and B2B software to back founders who shape future industries. With strong follow-on support, their typical investment range lies from $100K to $1M. By leveraging its global team and network, TA Ventures scales startups while continuing to support R&D setups in Ukraine and Europe for growth and innovation.
- Website: https://taventures.vc
- Founding Year: 2010
- Investment Range: $100,000 to $500,000
- Stage: Seed to Series A
- Sector: Fintech, digital health, mobility, enterprise software
- Geography: Europe and North America
- Notable Investments: SumUp, Caroobi, Klara, Dreamlines, Wallapop
- Submit Pitch/ Contact: Link
3. Digital Future
Digital Future is a VC firm born in Ukraine, investing in Seed and Early Stage startups with global ambitions. The company invests in scalable business models and vision-driven teams with initial traction in such sectors as AI, SaaS, IoT, and digital marketing. Having invested $6M in the last 1.5 years, its portfolio extends across Ukraine, Europe, Israel, and the U.S., driving more than $30M in annual revenue and creating jobs for over 600 people. Digital Future also supports Ukraine’s entrepreneurial ecosystem through educational and social initiatives, fostering innovation and growth.
- Website: https://digital-future.org/
- Founding Year: 2014
- Investment Range: $50,000 to $500,000
- Stage: Seed and early-stage
- Sector: AI, security, IoT, adtech, digital marketing
- Geography: Ukraine and globally
- Notable Investments: Petcube, YouAppi, Coureon, Softcube, Kray Technologies
- Submit Pitch/ Contact: Link
4. Chernovetskyi Investment Group (CIG)
Chernovetskyi Investment Group (CIG) is an international investment company based in Ukraine that has more than $100M in potential funding. One of the largest VC companies in Eastern Europe, CIG invests in startups and projects with a high head start in IT, e-commerce, healthcare, infrastructure, and agriculture. They invest in scalable and innovative ideas with strong teams by providing financial support, strategic guidance, and global networking. CIG always prioritizes ventures that enhance quality of life and align with their philosophy of ethical and sustainable impact.
- Website: https://cig.vc/
- Founding Year: 2012
- Investment Range: $1 million to $10 million
- Stage: Seed to Series D
- Sector: Consumer, high-tech, healthcare, real estate
- Geography: Ukraine, India, and other regions
- Notable Investments: Kray Technologies, InnerChef, Busfor, Softcube, Doc.ua
- Submit Pitch/ Contact: Link
5. ICU Ventures
ICU Ventures is the venture capital arm of the ICU Group, headquartered in Kyiv. Since 2018, They have been supporting global innovation with a focus on a fast-growing global tech company. ICU Ventures has made more than 30 investments ranging from $200K to $5M in sectors like fintech, deep tech, mobility enterprise software, etc. With its extensive experience in the CEE and SEA markets, they provide more than just capital. Through their strategic support and global networks, they enable founders to scale globally and disrupt industries worldwide.
- Website: https://vc.icu.ua/
- Founding Year: 2018
- Investment Range: $200,000 to $5 million
- Stage: Seed to Series B
- Sector: Technology companies with global potential
- Geography: Ukraine and globally
- Notable Investments: PetCube, Apostera, 3DLook, Hideez, Respeecher
- Submit Pitch/ Contact: Link
6. ff Venture Capital (ffVC)
ff Venture Capital is the forefront of seed and early-stage venture capital firm. They invest in innovative technology and technology-enabled businesses across the world. Keeping Enterprise Software, FinTech, AI, Automation, and Gaming as its focus, it has built a portfolio of high-growth startups which includes Socure and Addepar. Known for deep operational support, ffVC lets founders scale successfully, with a 5x higher Series B graduation rate than industry norms. With its headquarters in Poland, their European fund pursues technology and gaming innovation with global ambitions and is committed to investing capital, expertise, and connections into a vast network of founders and investors.
- Website: https://ffvc.com/
- Founding Year: 2008
- Investment Range: $350,000 to $1 million
- Stage: Seed and early-stage
- Sector: Technology, cybersecurity, AI, robotics
- Geography: United States, Ukraine, and other regions
- Notable Investments: Respeecher, Indiegogo, Plated, Ionic Security, Skycatch
- Submit Pitch/ Contact: Link
7. SID Venture Partners
SID Venture Partners is the first high-tech VC fund in Ukraine for IT innovators, led by IT experts. With the support of 13 seasoned Ukrainian tech executives, this fund offers early-stage startups investment, engineering firepower, and access to more than 200 enterprise clients. Though they are sector-agnostic, this firm is passionate about AI, blockchain, deep tech, and B2B solutions. SID Venture Partners equips founders with agile resources, tech expertise, and proven product growth strategies. As an official partner of Google for Startups, the firm invests in startups with market traction and shaping the future of global innovation.
- Website: https://sid.fund/
- Founding Year: 2021
- Investment Range: Not publicly disclosed
- Stage: Seed and early-stage
- Sector: Technology startups
- Geography: Ukraine
- Notable Investments: Not publicly disclosed
- Submit Pitch/ Contact: Link
8. Flyer One Ventures
F1V is a seed-stage VC firm investing in European startups. They focus on software-driven products that boost productivity. Founded by a team of entrepreneurs themselves, F1V has invested $40M in nearly 80 startups over five years, mainly at pre-seed and seed stages. Their ticket sizes ranges from $200K to $1.5M. The fund focuses on ambitious founders from CEE and Ukraine, using regional tech talent to build globally impactful companies. F1V is known for being hands-on, supporting growth, recruiting, PR, business development, and investment relations.
- Website: https://flyerone.vc/
- Founding Year: 2020
- Investment Range: $100,000 to $2 million
- Stage: Seed to Series A
- Sector: AI/ML, edtech, B2B SaaS, mobile apps, health tech
- Geography: Ukraine, Belarus, Baltic states
- Notable Investments: Preply, AllRight, Liki24, Mate Academy, Reface
- Submit Pitch/ Contact: Link
9. Network VC
Network VC is a venture capital firm and decentralized platform for independent VC professionals. Founded in 2019, the firm targets early-stage investment opportunities across the board. They are focused heavily on artificial intelligence and deep technology. They usually invests in a range of $100,000 to $300,000 in companies that have already started generating revenues and are in the scaling phase. Through this decentralized model, it offers a collaborative ecosystem to venture capitalists and entrepreneurs, hence their goal of innovation and further growth in the technology sector.
- Website: https://network.vc/
- Founding Year: 2019
- Investment Range: $100,000 to $300,000
- Stage: Early revenue and scaling
- Sector: AI, deep tech
- Notable Investments: Swarmer, Bavovna, Buddy.ai, Bioz, NewHomesMate
- Submit Pitch/ Contact: Link
- 10. Altair Capital:
FAQ (Frequently Asked Questions)
- Is VC high risk?
Venture capital is a type of investment that can be risky but has the potential for high returns. However, there is no guarantee of success. Investing in startups is always uncertain, and you might lose your money. Even though VC firms try to minimize risks, investing in startups is always uncertain, and you might lose your money. - What is the best country in Europe to set up a VC fund?
Luxembourg is ideal for setting up a VC fund in Europe due to its investor-friendly regulations, diverse investment vehicles, and a strong financial sector that supports local and foreign investors. The country's tax efficiency and stability further make it a preferred choice. - Which European cities have the most VC investments?
The top cities for VC investments in Europe are London, Paris, Berlin, Amsterdam, and Stockholm. London leads with $22.67B in 2023, followed by Paris and Berlin. These cities are known for strong startup ecosystems and significant funding opportunities. - What is the minimum amount for a VC fund?
Venture capital funds usually ask for a minimum investment of $250,000 to $500,000, and sometimes even more. Investing a small amount of money can still cost a lot. These funds are usually only open to wealthy people and big organizations that have a lot of money. - How do I choose a VC fund?
To choose a VC fund, check how much experience and success the venture capital firm has had before. Look at the companies they’ve invested in before to see if they match what your business does. This can help you figure out if they’re a good match for you.
Best of luck with your amazing ventures.
Please note that this list is filtered by various metrics, and all the data are collected through various third-party websites, mostly the VC website. Since data such as ticket size or industry may change, you are requested to visit the official website given in the blog for the latest and updated information.