Horizon Capital closes its Ukraine Fund IV at $350M
Horizon Capital, a leading American private equity firm, has announced that its latest Ukraine-focused fund, Horizon Capital Growth Fund IV, has reached $350 million in commitments. The Final Closing was held in Tokyo on February 19, 2024, boosting AUM to $1.6 billion.
- The Kyiv-based firm exceeded its target size of $250 million by 40%, while also concluding three attractive investments during the fundraising process. Previous expansion to $298 million was made in September, 2023, while the first closing was a year prior, bringing $125 million.
- The Fund invests growth capital alongside visionary entrepreneurs leading fast-growing tech and export-oriented companies, as well as select domestic champions, in Ukraine and Moldova, with a pipeline of over 80 investments.
So far, Horizon Capital has invested in three Ukrainian startups, namely Preply, GoIT, and Vivesen.
Who are the LPs?
HCGF IV is backed by investors with a combined capital base of over $700 billion, including international financial institutions FC, EBRD, EIB through its EUfor Ukraine Fund, DFC, DEG, FMO, JICA, Proparco, SIFEM, Swedfund, Finnfund, WNISEF, IFU, joining forces with global institutional investors, foundations and family offices.
The private investors include funds managed by abrdn, Blue Earth Capital, Zero Gap Fund, an impact investing collaboration between The Rockefeller Foundation and the John D. and Catherine T. MacArthur Foundation, Marcin Zukowski, Co-Founder of Snowflake, Andy Kurtzig, Founder and CEO of JustAnswer, investors and philanthropists George and Rayla Myhal, and other esteemed Limited Partners.