Horizon Capital, a U.S. private-equity firm investing primarily in fast-growing tech and export-oriented companies in Ukraine, announced that its latest fund, Horizon Capital Growth Fund IV has reached $254 million at its Interim Closing.
The fund received support from the International Finance Corporation, the European Bank for Reconstruction and Development, Société de Promotion et de Participation pour la Coopération Économique, as well as the U.S. International Development Finance Corporation (“DFC”), the Swedfund International, Finnish Fund for Industrial Cooperation, and Danish Investment Fund for Developing Countries. They joined existing investors, including Deutsche Investitions- und Entwicklungsgesellschaft (“DEG”) and a subsidiary of KfW Group, the Dutch Entrepreneurial Development Bank (“FMO”), the Swiss Investment Fund for Emerging Markets (“SIFEM”), 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.
The vehicle will consider investment opportunities in high-growth, high-impact tech and export-oriented companies, including light manufacturing, food processing, innovative consumer goods, fintech and more. Fund investments are expected to contribute to Ukraine’s ongoing resilience, including supporting growth and job creation, expanding the tax base, increasing availability of capital for SMEs, and promoting gender equality.
Led by Lenna Koszarny, Founding Partner and Chief Executive Officer, Horizon Capital is a private equity firm with $1.4 billion in assets, raising over $700 million in growth capital to back visionary entrepreneurs from Ukraine and Moldova in just over 5 years.
Horizon Capital-managed funds have invested in over 160 companies employing more than 77,000 people in the Region.
FinSMEs
01/05/2023