Horizon Capital raises $125M for its Ukraine and Moldova-focused fund

The US private-equity firm Horizon Capital announced the launch of a new Horizon Capital Growth Fund IV, L.P. (HCGF IV), with $125 million raised as of first close. It will invest in visionary entrepreneurs leading fast-growing tech and export-oriented companies in Ukraine and Moldova.

Horizon Capital raises $125M
The official signing ceremony took place at IFC’s London office. President of Ukraine Volodymyr Zelenskyy joined the Fund’s investors via video.
Photo: Horizon Capital
  • The target amount of the HCGF IV is $250 million, and the $125 million has already been raised. The firm has achieved a record-high first closing, reaching 50% and the highest first closing result in its history, Horizon Capital claims. 

“We are honored to make history by launching the first fund for Ukraine and Moldova since February 24th, and the first to back these countries since they achieved well-deserved and hard-won EU Candidate Status in June.

Ukrainians must have access to sufficient resources today to propel the economic rebound, renewal and revitalization of their country. Horizon Capital has stood with Ukraine since 2006, stands with Ukraine today and in the future,”

Lenna Koszarny, Horizon Capital’s Founding Partner and CEO, said.
  • The Fund’s first closing was backed by the European Bank for Reconstruction and Development, the International Finance Corporation, DEG, a subsidiary of KfW Bankengruppe, the Dutch entrepreneurial development bank, the Swiss Investment Fund for Emerging Markets, the Western NIS Enterprise Fund, and the Zero Gap Fund, an impact investing collaboration between The Rockefeller Foundation, and the MacArthur Foundation.  

About Horizon Capital

Horizon Capital is the leading private equity firm in Emerging Europe with over $1.2 billion in assets from investors with a capital base exceeding $570 billion, raising over $580 million in growth capital to back visionary entrepreneurs from Ukraine and Moldova in just over 5 years.

Horizon Capital’s portfolio includes more than 20 biggest Ukrainian companies and brands like Rozetka-EVO, Ajax Systems, Jooble, etc. In the digital engineering and consulting services sector, in addition to Miratech, EEGF III also previously invested in Intellias and Ciklum.