With a focus on Ukraine, Horizon Capital attracted more than USD 250 million.
On April 28, 2023 Horizon Capital Growth Fund IV (HCGF IV) exceeded its expected target size, doubling the investments to USD 254 million since the first stage.
2X Flagship Fund
It became the first fund in Central and Eastern Europe (CEE) which received the status of 2X Flagship Fund (2X Flagship Fund). The foundation is now one of ten worldwide funds which achieve this distinction, and one of only two foundations founded and led by women, — Horizon Capital reports.
The new fund plans to invest the capital in the companies of visionary entrepreneurs in Ukraine and Moldova. The HCGF IV fund is managed by Horizon Capital, an American private investment company which invests in fast-growing technological and export-oriented companies in Ukraine and the surrounding region. The company is headed by Olena Kosharna.
Investment strategy
The Ukrainian IT sector continues demonstrating the improvement in gender balance, accelerated by the traditions of STEM education, as well as high demand for talent in the technological field. In addition to the rapid increase in the number of women in technology, from 7% in 2012 to 27% in 2021, the industry is known for numerous global success stories of female founders, such as Creatio or BetterMe. Therefore, the gender component will be the part of the HCGF IV investment strategy and will aim to create a portfolio with more than 30% of its investments, meeting the 2X criteria, maintaining its position among the investment funds further.
Read more about Ukrainian IT: Reclaim the Future. The theme for this year’s TNW Event
