Western NIS Enterprise Fund Launches New Fund to Invest in Promising Startups from Ukraine and Moldova.
Western NIS Enterprise Fund (WNISEF), with more than two decades of successful experience investing in small and medium-sized companies, announced the launch of U.Ventures, a new fund focusing on investing in early-stage technology startups from Ukraine and Moldova. U.Ventures will back start-ups from Ukraine and Moldova that typically have a product with the first traction, targeting large addressable markets, with a technology edge, driven by motivated teams with proven track record, and reputable co-investors.
“Ukraine is in the midst of an economic revival led by the efforts of innovative young men and women, who are developing globally competitive companies, revolutionary new products, and ideas. We founded U.Ventures to help ambitious startup teams navigate through the complex entrepreneurial journey from concept to significant shareholder value creation, working in a supportive and respectful manner as full lifecycle partners. We look forward to providing capital and expertise to tomorrow's technology leaders," – said Jaroslaw Z. Johnson, President, and CEO of Western NIS Enterprise Fund.
U.Ventures has invested approximately $2.3 million so far in 6 leading in their market segments companies that are emerging to occupy a significant niche in the global market.Credit to the sorce: Western NIS Enterprise