Kyiv -based VC firm Flyer One Ventures (F1 V) A new € 50 million funds supported by the International Finance Corporation (IFC) and the European Bank for Ronic Straction and Development (EBRD).
New funds will focus on supporting technology agencies in the early stages throughout the VV Ukraine and Central and Eastern Europe (CE).
“Founders throughout CE-and especially Ukrainians-by -ly-showing that they can make world-class products in the most difficult circumstances,“F1 V is co-founder and partner says Oleksii yermoolenkoThe “With this new fund we can double-down in the next wave and help them to make their global faster.The “
Established in 2018, F1V is led by General Partner Vital Laptenok, who co-founded the technology company Genesis, as well as partner Olecci Yarmollenco and Olena Mazuha.
F1 V is at an early stage firm -led and supported by entrepreneurs. It is part of the ambitious CEE and Ukrainian founders who create Global Software companies “”Tendency“, To earn a lot of technical talent from the region.
The VC firm invests up to $ 1.2 million in software startups at pre-bees and seed levels. To today, it has invested about $ 38 million in more than 90 startups, which solve the real-world challenges in the original industry.
Its portfolio includes fintech farms, which produces neobanks in emerging markets, Licky 24, which improves the last mile supply of health products, an AI platform that facilitates buying new homes, and Met Academy, which trains on technology for global work.
The Ukrainian VC firm has already seen two departments: Voci (earned by Pinterest) and Greenscreen (earned by Triumph Financial).
“We are proud to support the new F1V’s new fund and do this by doing local founders to transform their ideas into reality. This partnership will help committed companies to take the next step – and this is exactly the need for innovation. It requires the whole region“EBRD Vice President, Banking Mattio Patron.
EBRD and IFC already .5 6.5 million (has been increased to $ 10 million on the next date) and fund V. The IFC promise includes $ 5 million, respectively, includes up to $ 2.5 million from Japan through the IFC Economic Resilience Action (ERA) program.
“We are the first Ukrainian VC supported by both IFC and EBRD. This is a big responsibility, and more respect“Added YarmollenoThe
Excludes capital, F1 V is provided with hand-on assistance in marketing, apps, PR, business development and fundraising. Although the funds invest in the early stages of companies, more than half of its portfolio companies have already successfully raised the round and beyond the series.
“Our investment in F1V’s new fund is an important step to support Ukraine’s digital entrepreneur” InspireDirector of the IFC Department of Europe. “We hope to keep the talented people in Ukraine by strengthening the capital market of local enterprises and helping to draw more private investment in its growing technology sector.“
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