Horizon Capital Holds First Closing of Ukraine-Focused Fund, at $125M

Horizon Capital

Horizon Capital, a U.S. private-equity firm investing in fast-growing tech and export-oriented companies in Ukraine and the near region, launched Horizon Capital Growth Fund IV, L.P. (HCGF IV), with $125m raised as of first close.

With the launch of HCGF IV, Horizon Capital has achieved the 50% of its $250m target. The Fund’s first closing was backed by the European Bank for Reconstruction and Development, the International Finance Corporation, Deutsche Investitions- und Entwicklungsgesellschaft and a subsidiary of KfW Group, 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 John D. and Catherine T. MacArthur Foundation.

Led by Founding Partner and CEO Lenna Koszarny, and Senior Partner Vasile Tofan, Horizon Capital is a private equity firm focused on 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 entrepreneurs from Ukraine and Moldova in over 5 years. Horizon Capital-managed funds have invested in over 160 companies employing more than 77,000 people in the Region.

FinSMEs

27/09/2022