Ukraine's venture capital landscape has demonstrated remarkable resilience and adaptability amid the ongoing conflict with Russia. Despite the challenges posed by war, the country's startup ecosystem continues to thrive, driven by innovation and strategic investment. This article highlights some of the most active venture capital firms in Ukraine, exploring their leadership, investment activity, and notable portfolio companies.

Digital Future

• 🏦 HQ: Kyiv, Ukraine

• 👨‍💻👩‍💻 Leadership: Oleksii Vitchenko, Dmytro Bilash

• 🔢 Number of Investments in 2024: 1-10

• 👜 Notable 2024 Investments: OneNotary, GetOrder

Flyer One Ventures

• 🏦 HQ: Warsaw, Poland

• 👨‍💻👩‍💻 Leadership: Vital Laptenok, Oleksii Yermolenko, Elena Mazhuha

• 🔢 Number of Investments in 2024: 1-10

• 👜 Notable 2024 Investments: RemotePass, Scalestack, ForActive

Green Flag Ventures

• 🏦 HQ: Kyiv, Ukraine

• 👨‍💻👩‍💻 Leadership: Deborah Fairlamb, Justin Zeefe

• 🔢 Number of Investments in 2024: 1-10

• 👜 Notable 2024 Investments: Himera, Kara Dag Technologies, Swarmer

ICU Ventures

• 🏦 HQ: Kyiv, Ukraine

• 👨‍💻👩‍💻 Leadership: Makar Paseniuk, Konstantin Stetsenko

• 🔢 Number of Investments in 2024: 1-10

• 👜 Notable 2024 Investments: Smartlane, MARS

MITS Capital

• 🏦 HQ: Kyiv, Ukraine

• 👨‍💻👩‍💻 Leadership: Perry Boyle, Denys Gurak

• 🔢 Number of Investments in 2024: 1-10

Roosh Ventures

• 🏦 HQ: London

• 👨‍💻👩‍💻 Leadership: Serhiy Tokarev, Den Dmytrenko, Kyle Ukho

• 🔢 Number of Investments in 2024: 1-10

• 👜 Notable 2024 Investments: Artie, Gladie, Toothio

SID Venture Partners

• 🏦 HQ: Kyiv, Ukraine

• 👨‍💻👩‍💻 Leadership: Dmytro Vartanian

• 🔢 Number of Investments in 2024: 1-10

• 👜 Notable 2024 Investments: Ability.Ai, Relari, Elai.io

SMRK VC Fund

• 🏦 HQ: Kyiv, Ukraine

• 👨‍💻👩‍💻 Leadership: Andriy Dovzhenko

• 🔢 Number of Investments in 2024: 1-10

• 👜 Notable 2024 Investments: Osavul, Competera, Ability.ai

TA Ventures

• 🏦 HQ: Kyiv, Ukraine

• 👨‍💻👩‍💻 Leadership: Viktoriya Tigipko

• 🔢 Number of Investments in 2024: 1-10

• 👜 Notable 2024 Investments: Gameto, Impress, Dynamiq

u.ventures

• 🏦 HQ: Kyiv, Ukraine

• 👨‍💻👩‍💻 Leadership: Jaroslawa Z. Johnson

• 🔢 Number of Investments in 2024: 1-10

• 👜 Notable 2024 Investments: Fagura, Carmoola, Dynamiq

Vesna Capital

• 🏦 HQ: Kyiv, Ukraine

• 👨‍💻👩‍💻 Leadership: Andriy Fedoriv

• 🔢 Number of Investments in 2024: 1-10

• 👜 Notable 2024 Investments: Submix, memoryOS, Jome

ZAS Ventures

• 🏦 HQ: Kyiv, Ukraine

• 👨‍💻👩‍💻 Leadership: Andrew Zinchuk

• 🔢 Number of Investments in 2024: 1-10

• 👜 Notable 2024 Investments: Mantis Analytics, Fintellect, Input Soft

In the face of adversity, Ukraine's venture capital firms have not only sustained but also adapted their investment strategies to support startups that address wartime challenges. Notably, there has been a significant increase in investments in defense technology and dual-use innovations. Despite the ongoing conflict, these venture capital firms continue to play a pivotal role in supporting startups that are not only reshaping industries but also contributing to Ukraine's defense and economic stability.