President of Ukraine

Volodymyr Zelenskyy holds meeting with management, investors of Horizon Capital, raising over $250 million for investment in Ukraine

29 April 2023 - 15:20

Volodymyr Zelenskyy holds meeting with management, investors of Horizon Capital, raising over $250 million for investment in Ukraine

President of Ukraine Volodymyr Zelenskyy held a meeting with Founding Partner and Chief Executive Officer of the Horizon Capital investment company Lenna Koszarny and international investors from eight countries: the United States, Germany, the Netherlands, France, Finland, Sweden, Switzerland, Denmark, as well as from two international organizations.

Horizon Capital representatives announced raising $254 million for its new Horizon Capital Growth Fund IV (HCGF IV). The fund will invest in Ukrainian companies.

The Head of State thanked those present for participating in the fund and investing in Ukraine.

"It's important because it's your trust. And I want to thank you because it is priceless. It is very important to trust and believe in our joint success and our joint victory over this aggression. Because Russia commits aggression not only against Ukrainian land but also against freedom," the President said.

Zelenskyy said that Ukraine is interested in investments and cooperation that will contribute to the development of our economy and industry, modernization, and progress of new technologies. Among the priority directions, he named the development of the IT sector and energy, agrarian business, etc.

The Head of State expressed gratitude to the countries and investors who are ready to be with Ukraine in this difficult period and have supported it since the first days.

Deputy Head of the Office of the President Rostyslav Shurma said that Horizon Capital Growth Fund IV is not only a powerful step by investors but also the beginning of further cooperation.

"It is the first big, symbolic investment since the onset of the full-scale aggression of the Russian Federation. This fund is a clear signal that global business and investors believe in Ukraine's victory," Shurma said.

For her part, Koszarny thanked the fund backers for their participation and its quick formation.

She said that Horizon Capital will also not delay investing funds in those representatives of Ukrainian businesses that need support and investments.

"We plan to conclude the first investments within 30 days. We will not wait and waste time. We understand that right now Ukrainian entrepreneurs need capital," Koszarny said.

Representatives of investors who participated in the meeting expressed their readiness to support Ukraine in these difficult times, in particular, the private sector of the country's economy. In their opinion, investments will contribute not only to the growth of the Ukrainian economy, but will also become the basis of its successful future.

Horizon Capital is the leading private equity firm in Emerging Europe with $1.4 billion in assets from investors with a capital base exceeding $630 billion, raising over $700 million in growth capital to back visionary entrepreneurs from Ukraine and Moldova (the "Region") in just over five years.