Ukraine's startup ecosystem has emerged as a beacon of resilience and innovation, defying the challenges posed by ongoing geopolitical tensions. As of 2024, the country has climbed to the 46th position globally in startup ecosystem rankings, a testament to its rapid growth and potential. With over 2,600 active startups and a tripling of ecosystem in the recent years, Ukraine has firmly established itself as a hub for technological innovation and entrepreneurship. The venture capital landscape in Ukraine has also shown remarkable adaptability, with projections indicating a total capital raised of $331.20 million in the venture capital market by 2025. In this article, we have compiled a comprehensive list of VC Funds and Angel Investors in Ukraine that are playing an active role in the country's startup ecosystem.
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Venture Capitalist Funds in Ukraine
The venture capitalist funds below are actively looking for investments in promising companies throughout various stages and sectors. The stages stated do not limit the possibility of getting funding if your company is at any stage other than what is listed.
Year of Inception: 2022
Stage: Pre Seed, Seed
Focus: AI, Deep Tech, Cybersecurity, Future of Work
Notable Portfolio: Heep, Workee, Digma, BuildCheck AI, Jiggle, Swell
Year of Inception: 2023
Stage: Pre-Seed, Seed
Focus: Technology
Notable Portfolio: Clearly, Zeely, Mosqitter, Go To-U
Year of Inception: 2018
Stage: Pre Seed, Seed
Focus: Technology, Software Development
Notable Portfolio: VOCHI, Cargofy, Competera, Adapty, Linguix
Year of Inception: 2014
Stage: Seed, Series A
Focus: Advertising Technology, Digital Marketing, Artificial Intelligence, Security, Internet of Things, SaaS, Marketplace, B2B, B2C
Notable Portfolio: OneNotary, Outloud, SplitMetrics, StudyFree
Year of Inception: 2020
Stage: Seed, Series A
Focus: Fintech, Gaming, Enterprise SaaS, Vertical AI
Notable Portfolio: Alma, Alter, Gladia, Dapper, Haiqu, Libeo
Year of Inception: 2013
Stage: Seed, Series A, Series B
Focus: IT
Notable Portfolio: Apostera, Kitcast, Allset, Seadora, Deus Robotics
Year of Inception: 2020
Stage: Seed, Series A
Focus: Marketing Technology, Marketplaces & Market Networks, HR Technology, Enterprise Software, Property Technology
Notable Portfolio: JENTIS, Pluspoint, Della, DeckRobot, Hurma System
Year of Inception: 2018
Stage: Seed, Series A, Series B, Series C
Focus: Sector Agnostic, E-commerce, Entertainment, FinTech, EdTech, HealthTech, AgroTech, Transport & Logistics, FoodTech, Blockchain, Web3, AI, EcoTech, B2B SaaS, SafetyTech, Construction
Notable Portfolio: Sleepik, Lingvo, Neuraloom, Beep, Unco Club, Matrix Wave
Year of Inception: 2012
Stage: Seed, Series A
Focus: Software Tech
Notable Portfolio: Bookimed, CheckiO, Augmented Pixels, Solargaps, Petcube
Year of Inception: 2017
Stage: Seed, Series A
Focus: Technology
Notable Portfolio: DressX, NewHomesMate, Turnkey Lender, Instock
Year of Inception: 2020
Stage: Seed, Series A
Focus: Technology
Notable Portfolio: Team Pulse, Big Wolf Games, Onlizer, Wantent, Datrics
Year of Inception: 2018
Stage: Seed, Series A
Focus: Technology
Notable Portfolio: 12Climb, AdMarket, BIOsens, Caretech Human, Fintellect
Year of Inception: 2003
Stage: Seed, Series A
Focus: Technology
Notable Portfolio: Saldo Apps, Hands In, Slise, Yope, DeckRobot
Year of Inception: 2004
Stage: Seed, Series A
Focus: Technology
Notable Portfolio: Zeely, S.Lab, ComeBack Mobility, CloudAvocado, Fintellect
Year of Inception: 2021
Stage: Seed, Series A
Focus: Technology, Software Development
Notable Portfolio: Awesomic, Finmap, Elai, Vendora, AiSDR, ZIBRA AI
Year of Inception: 2019
Stage: Seed, Series A, Series B, Series C
Focus: Sector Agnostic
Notable Portfolio: OneNotary, Salo, Narrative BI, DeckRobot
Year of Inception: 2018
Stage: Seed, Series A, Series B, Series C
Focus: Sector Agnostic, Fintech, Deep Tech, Mobility, Enterprise Software
Notable Portfolio: Apostera, Augmented Pixels, 3DLook, Grabr, Hivecell
Year of Inception: 2016
Stage: Seed, Series A, Series B, Series C
Focus: Technology
Notable Portfolio: Meredot
Year of Inception: 2023
Stage: Series A, Series B
Focus: Sector Agnostic
Notable Portfolio: OneNotary, Decoderize, Native
Angel Investors in Ukraine
The Angel investors listed below are part of an Angel community located throughout Italy. They may act as an individual or as a syndicate to fund projects of their preference, so these networks are the best opportunity for you to find a potential Angel with an aligned vision and interests.
Stage: Pre Seed, Seed
Focus: Sector Agnostic
Notable Portfolio: -
Stage: Pre Seed, Seed
Focus: Sector Agnostic
Notable Portfolio: -
Stage: Pre Seed, Seed
Focus: Sector Agnostic
Notable Portfolio: -
Stage: Seed, Series A
Focus: Hardware & IoT, Digital Health & MedTech, EdTech, GovTech
Notable Portfolio: -
Stage: Seed, Series A
Focus: Technology
Notable Portfolio: -
Closing Thoughts on VCs and Angel Investors in Ukraine
The venture capital landscape in Ukraine is showing signs of recovery and expansion. This upward trajectory is further bolstered by significant developments in the funding ecosystem, with venture capital firms playing a crucial role in fueling the growth of Ukrainian startups. The future of Ukraine's startup landscape looks promising, with these key players at the forefront of driving positive change and fostering a new generation of successful enterprises.
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Frequently Asked Questions on VCs and Angel Investors in Ukraine
What is the current state of the VC and angel investment landscape in Ukraine?
Despite the ongoing challenges, Ukraine’s startup ecosystem has shown remarkable resilience: Ukraine ranks 46th among the world’s top startup ecosystems, with Kyiv’s ranking as a startup ecosystem moving up 16 places, occupying the 77th rank globally. In 2023-2024, Ukrainian startups closed 44 major deals ranging from $200K to $200M, with total investments reaching $310.5M. This figure is comparable to established markets like Estonia and Lithuania. The ecosystem has been bolstered by government initiatives like the BRAVE1 cluster for DefTech solutions, increased international support, and a surge in startup formations, with over 1,000 startups registered in 2024 alone. The technology sector is projected to continue its upward trajectory, with forecasts suggesting a compound annual growth rate of around 12% over the next five years.
Which sectors are Ukrainian VCs and angels most interested in?
Several sectors are particularly attractive for investment in Ukraine:
Military and Defense (including military tech and R&D)
IT (especially in product development)
Construction (production of building materials)
Agriculture
Infrastructure (multimodal hubs and logistic complexes)
Energy production and networks
What are the typical investment stages and ticket sizes in the Ukrainian market?
Based on the research into the Ukrainian and broader Central and Eastern European (CEE) startup investment market, here are the typical investment stages and ticket sizes:
Pre-seed: Up to $200,000
Seed: $500,000 to $5 million
Series A: 3 million to $10 million
Later stages: Varies widely, with some rounds reaching hundreds of millions
What requirements do Ukrainian investors typically look for in startups?
Ukrainian investors typically look for startups that demonstrate strong potential in key areas aligned with national priorities and international support. These include companies focused on defense technology, green investments, and digital innovation. Investors are particularly interested in startups that can contribute to Ukraine's recovery and modernization efforts, especially those that align with EU strategic interests and can leverage international financial support. They value startups with clear business models, the ability to operate under challenging conditions, and those that can potentially secure contracts with government or international organizations. Additionally, Ukrainian investors are increasingly interested in companies that can attract foreign investment and partnerships, particularly those that can tap into EU funding programs or collaborate with European defense and tech sectors.
How can entrepreneurs connect with Ukrainian investors?
Here are some ways you can connect with Ukrainian investors:
Use platforms like Polish-Ukrainian Startup Bridge for funding and networking opportunities
Participate in acceleration programs targeting Ukrainian startups
Attend tech and startup events in Ukraine and neighboring countries
Leverage online networks and communities focused on the Ukrainian startup ecosystem
Connect with venture capital firms active in Ukraine
Explore partnerships with Ukrainian tech companies expanding internationally
Engage with Ukrainian diaspora investor networks
Consider joining Ukrainian tech hubs and innovation centers
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