Western NIS Enterprise Fund (WNISEF) is announcing the launch of U.Ventures, a new fund focusing on investing in early-stage technology startups from Ukraine and Moldova.
U.Ventures will invest in early stage companies, from Seed to Series A, with investments ranging from $100,000 to $500,000. U.Ventures will back start-ups from Ukraine and Moldova that typically have a product with first traction, targeting large addressable markets, with a technology edge, driven by motivated teams with proven track record, and reputable co-investors.
U.Ventures has already invested just over $2.3 million in six companies, which it touts as “emerging leaders in their segments, quickly expanding into global markets.”
“Ukraine is in the midst of an economic revival led by the efforts of innovative young men and women, who are developing globally competitive companies, revolutionary new products, and ideas. We founded U.Ventures to help ambitious startup teams navigate through the complex entrepreneurial journey from concept to significant shareholder value creation, working in a supportive and respectful manner as full lifecycle partners. We look forward to providing capital and expertise to tomorrow’s technology leaders,” the fund stated.
Supported by USAID, Western NIS Enterprise Fund has been operating in Ukraine and Moldova for 23 years. The organization has invested $168 million invested in 118 companies (which now employ over 25,000 people) and unlocked $1.5 billion of total capital for Ukrainian and Moldovan companies.
