EIB-backed Horizon Capital’s new fund provides growth equity to three Ukraine-based companies
February 13, 2024

EIB-backed Horizon Capital’s new fund provides growth equity to three Ukraine-based companies

The European Investment Bank has committed €24.7 million from the EU for Ukraine (EU4U) Fund to the Horizon Capital Growth Fund IV, aimed at strengthening small and medium-sized enterprises in Ukraine and Moldova. The signing ceremony took place on 8 February, at the EIB Group Forum in Luxembourg,

This funding aims to support the growth and development of about 20 visionary tech and export-oriented companies in Ukraine and Moldova. The EIB says HCGF IV had already made investments in its first three innovative tech companies, focusing on expanding their research and development platforms in Ukraine and enhancing their international reach.

The investments include:

  • Preply, which transforms language learning by connecting learners with tutors worldwide through its online platform.
  • GoIT, which offers specialised IT education programmes to address the tech industry’s skill shortage.
  • Viseven, which helps pharmaceutical companies accelerate their digital transformation.

EIB Vice-President Teresa Czerwińska, responsible for operations in Moldova and Ukraine, said the EIB’s investment in HCGF IV represents “significant, tangible support for Ukraine’s private sector. This is particularly crucial as IT becomes a vital export sector for Ukraine, bringing in much-needed foreign currency.”

HCGF IV is the first project under the EU4U Fund. The EU4U Fund is a part of the broader EU for Ukraine initiative, which aims to quickly address Ukraine’s urgent needs and bolster economic stability. The fund has so far gathered around €420 million in pledged contributions from the EU Member States.

Find out more

Press release


Interested in the latest news and opportunities?

This website is managed by the EU-funded Regional Communication Programme for the Eastern Neighbourhood ('EU NEIGHBOURS east’), which complements and supports the communication of the Delegations of the European Union in the Eastern partner countries, and works under the guidance of the European Commission’s Directorate-General for Neighbourhood Policy and Enlargement Negotiations, and the European External Action Service. EU NEIGHBOURS east is implemented by a GOPA PACE-led consortium. It is part of the larger Neighbourhood Communication Programme (2020-2024) for the EU's Eastern and Southern Neighbourhood, which also includes 'EU NEIGHBOURS south’ project that runs the EU Neighbours portal.

The information on this site is subject to a Disclaimer and Protection of personal data. © European Union,