Ukrainian Business Support Fund Secures $350M, Surpassing Goal by 40% – Sky Bulletin
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Horizon Capital’s recent endeavor, Horizon Capital Growth Fund IV, has successfully procured $350M to back various Ukrainian firms. This private equity fund, which was initiated in 2022, proudly achieved this figure by the end of its fundraising period in Tokyo on February 19, 2024. With these additional funds, the total amount managed by Horizon Capital now tallies up to $1.6B. Remarkably, the firm surpassed its original goal of $250M by an impressive 40%. The fund size was twice augmented due to investor confidence, initially increasing from $250M to $300M and further to $350M. The fund shows promise with a robust portfolio of over 80 prospective investments, mainly targeting fast-growing, export-driven technologies. Contributing investors to the HCGF IV, with a combined capital strength of approximately $700B, include global financial entities such as the IFC, EBRD, EU Fund for Ukraine via the EIB, DFC, DEG, FMO, JICA, Proparco, SIFEM, Swedfund, Finnfund, WNISEF, IFU, and more.
FAQ Section
What is Horizon Capital?
Horizon Capital is a private equity fund management company that focuses on investments in the high-growth companies of Ukraine and the nearby region.
How much did Horizon Capital Growth Fund IV manage to raise?
The fund successfully closed at $350M, surpassing its initial target of $250M by 40%.
Who has invested in Horizon Capital Growth Fund IV?
The investors include numerous international financial institutions, such as IFC, EBRD, the EU Fund for Ukraine via the EIB, DFC, DEG, FMO, JICA, Proparco, SIFEM, Swedfund, Finnfund, WNISEF, IFU, among others.
What types of companies does Horizon Capital Growth Fund IV plan to invest in?
The fund aims to invest in fast-growing, export-oriented enterprises, particularly those in the technological sector.
What does the success of this fund mean for Ukrainian companies?
The capital secured through this fund promises to strengthen and grow Ukrainian companies by providing them with the necessary financial support, particularly focusing on technological advancements and export capacity.
Conclusion
The enormous fundraising success of Horizon Capital Growth Fund IV marks a significant milestone for private sector growth and support within Ukraine. Garnering $350M and significantly exceeding its initial target, the fund stands as a testament to the confidence and commitment of international investors towards the Ukrainian economy. With plans to foster a multitude of export-based, tech-driven enterprises, Horizon Capital is poised to spur innovation and business development in Ukraine, contributing to the country’s economic resilience and potential.
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