The largest private equity company in Emerging Europe is Horizon Capital, with investor assets of over $1.2 billion and a capital base of $570 billion. In less than 5 years, it has raised over $580 million in growth capital to support ambitious businesspeople from Moldova and Ukraine.
Funds administered by Horizon Capital have made investments in more than 160 businesses in the Region that employ more than 77,000 people.
With the introduction of HCGF IV, Horizon Capital set a record-high first closing, hitting 50% of its $250 million objective and producing the best first-close performance in the company’s history.
Lenna Koszarny, the CEO of Horizon Capital, and Vasile Tofan, a senior partner, were among the key figures from these prestigious organizations present at today’s official signing ceremony at IFC’s London offices. Ukraine’s president, Volodymyr Zelenskyy, joined the investors in the Fund via video link for the formal signing ceremony.
The investors were thanked by President Zelenskyy for their support of Ukraine during a pivotal period in its history and for ensuring that funds were available to help economic revival and employment creation.
Lenna Koszarny, founding partner and CEO of Horizon Capital, stated that the company is honored to make history by establishing the first fund for Moldova and Ukraine since February 24 and the first to support both nations after they obtained the hard-won and well-deserved EU Candidate Status in June.
“They dedicate this Fund to the people of Ukraine, who amaze the world with their courage and perseverance in protecting their homeland, assuring a future in which Ukraine takes its proper place among European countries.
Ukraine needs investors who support the nation, stand shoulder to shoulder with its citizens, set an example for others, and stop at nothing to make sure that investment money is accessible right now, not only after the war is over.
Today, Ukrainians must have access to enough resources to support their nation’s economic recovery, restoration, and rejuvenation. Horizon Capital has been a supporter of Ukraine since 2006 and will remain so both now and in the future.
They are incredibly appreciative to their distinguished Limited Partners for committing funds that may be used right away, for their unwavering faith in their team, their past performance, their strategy, and their long-term goals, as well as for this powerful signaling effect on the market.
They are certain that this historic fund will offer both returns and influence in the upcoming years, and will be a resounding success. “He is proud of his fellow compatriots in Moldova for receiving more Ukrainian refugees per capita than any other country, as well as their fortitude and endurance throughout,” concluded Vasile Tofan, Senior Partner.
Technology businesses across the region, particularly in Ukraine, where the tech sector fuels a rapid pace of innovation and digitization, have shown a spirit of resilience by generating record-high export sales of $3.74 billion, with over $8 billion expected for 2022.
The new Fund will keep focusing on tech and export-oriented businesses run by visionary business owners who have a track record of utilizing cutting-edge platforms to achieve success on a global scale.
The new Fund will build on the accomplishments of their US$ 200 million vintage 2017 fund, whose exceptional outcomes are fuelled by the exceptional performance of the underlying businesses and their gifted founders and management teams as according to zelenskyyprnewswire.
They anticipate supporting founders in the future with an average of $10 to $30 million in growth capital in addition to their team’s significant value-add.
About Horizon Capital
The top private equity company in Ukraine is Horizon Capital, which has more than 40 institutional investors backing and manages six funds with more than $1.2 billion in assets.
Horizon Capital is a value-added investor that helps forward-thinking business executives in Ukraine and the neighboring region who are creating ground-breaking businesses. Stephenson Harwood LLP served as the Fund’s legal counsel.
Also read about..
Amount Secures $99 Million in Series D Funding Worth More Than $1 Billion
Berlin’s Visionaries Club Has Launched Two New €40 Million Seed Finances
China’s Based Black Lake Technologies Generates $77M To Give Digital Look to Factories
Clearbanc Rebranded As Clearco Raises $100M To Change The Face Of Fundraising
Cloud-Based Insurance Tech Startup Bolttech Raises $180 Million, It Brings Total Value $1b
Dallas-based LTK Raises 300M In Funding Round Led By Softbank Vision, Now Its Total Valuation 2B
Drivenets has Closed a $208M Series B Fundraising Round, Its Valuation is Now $1B
DroneDeploy Raises $50 Million In Series E Financing To Analyze Visual Data With Drones
Golden Raises $40M Funding Led by A16z For Web3 Data Protocol Golden
Gourmey Grabs $48 Million To Keep Working On Lab-Grown Foie Gras
Oyster Raised $20 Million For Its HR Platform A Series
Path Robotics raises $56 million to create the manufacturing of tomorrow
Patsnap Gets Funding of $300M Led By Softbank Vision Fund 2
Pie Insurance Gets $118 Million In Funding For SMBs
Pipe Acquires $250M at a $2B Valuation to Broaden its Financing Capabilities
President Zelenskyy Joins As Horizon Capital Launches $250M, Ukraine-Focused Fund
SaaS Management Platform Torii Raised $10M Series A Funding Led by Wing Venture
Seattle Startup Icertis Raises $80M Fund, It’s Valued at $280M, Investment Round Led by the Capital Group
Selfbook Funded $25M In Series A To Ease “One-click” Hotel Payments
SeQura Generates €150 Million To Expand Its BNPL Customer Support To The International Marketplace
Singapore Based Insurence Firm Bolttech Earns $180M, Funding Round Led By Activant Capital Group
Texas-based LTK has Raised $300M At A $2B Valuation Led By Softbank Vision Fund
Top Reasons Why Most Of The Startups Fails