Ukrainian Flyer One Ventures launches new €50M fund with support from EBRD and IFC

Ukrainian venture capital fund Flyer One Ventures (F1V) has announced the launch of a new €50 million investment fund. This was reported to AIN by the fund.

The fund has already been joined by the International Finance Corporation (IFC) and the European Bank for Reconstruction and Development (EBRD).

In particular, the EBRD is allocating €6.5 million with the possibility of increasing funding to €10 million, and the IFC is investing another €5 million, of which €3 million is provided by the Japanese government through the ERA program.

The new, fifth F1V fund will invest in startups focused on the global market and founded by entrepreneurs from Ukraine and Central and Eastern Europe. Investments will be up to $1.5 million at the pre-seed and seed stages.

Since its founding in 2018, F1V has invested nearly $45 million in more than 90 startups. Among the portfolio companies are Fintech Farm, Liki24.com, Mate academy, and Jome. The fund has two successful exits: VOCHI (sold to Pinterest) and Greenscreens (acquired by Triumph Financial).

In addition to financing, Flyer One Ventures provides startups with operational support, hiring, PR, sales, and fundraising. More than half of the fund’s portfolio companies have already raised subsequent Series A rounds and higher.

Read more: Austrian startup Heizma has raised €2.5M in its first funding round. Ukrainian F1V is among the investors