A venture fund, Vatra Group, has been launched in Ukraine with a target volume of up to $50 million, which will invest in AI startups and SaaS companies at the Seed and Series A stages.
A venture fund, Vatra Group, has been launched in Ukraine with a target volume of up to $50 million, which will invest in AI startups and SaaS companies at the Seed and Series A stages.
This was told to AIN by the foundation’s co-founders Jim Curry and Daria Vishnevska.
“We have started raising capital. We already have interested investors, mostly related to Ukraine. In the last week alone, three potential Western investors have approached me in Kyiv, ready to invest significant amounts,” said Vyshnevska, who previously worked at Google and Grammarly.
According to her, the main source of capital will be private individuals, and the founders aim to start investing next year. At the same time, they plan to reserve up to 20% of the fund for reinvestment in portfolio companies.
“We will invest $250,000–500,000 in Seed. In Series A rounds — $3–5 million. The fund’s goal for the first year is to invest in 5-7 companies,” she shared her plans.
According to Vyshnevskaya, the fund will focus on AI and SaaS companies with B2B and B2B2C models.
Among other things, the fund will assist portfolio companies with market entry and sales, hiring, and team management, with one of its focuses being entry into the US market.
Vishnevska says they don’t plan to have a very large portfolio. “If you work with 20 companies at once, you won’t have enough time for each one. Instead, you can work more deeply with two or three companies,” she explains.
As dev.ua reported, the co-investment fund of the global network of entrepreneurs Endeavor Catalyst announced the final closing of its fifth fund (Fund V) for $320 million. Investor demand exceeded the planned volume, and the total amount of assets under management (AUM) of Endeavor Catalyst increased to over $850 million.
