Chernovetskyi Investment Group

CIG is an investment company and a one of the largest venture capitalist in East Europe. The company helps to develop projects at all stages of development – from start-ups operations to firms that have been active for several years. CIG aims to seek to scout out the most talented, creative future partners who are ready to take their businesses to the next level. The CIG investment philosophy is based on a cooperation with the current owners of investment projects, rather than commercial takeover. CIG’s primary investment priorities lie within the sphere of innovative development and technologies – particularly those that focus on the IT sector and the Internet.

Volodymyr Kryvko

Managing Partner

Past deals in Eastern Europe

Zakaz.ua

Series A in 2020
Zakaz.ua is an online grocery delivery service founded in 2010 and based in Kyiv, Ukraine. The company operates in 15 cities across Ukraine, as well as in Chisinau, Moldova, and Tashkent, Uzbekistan. Zakaz partners with major grocery retail chains such as Auchan, METRO, and Novus, allowing customers to order groceries at shelf prices without any additional mark-ups. The platform is designed to facilitate the efficient acceptance, processing, and delivery of orders, offering both same-day delivery and scheduled delivery options. Zakaz.ua aims to provide a convenient shopping experience for customers while ensuring high service quality in collaboration with its retail partners.

Kray Technologies

Seed Round in 2017
Kray Technologies is a manufacturer of aerial drones specifically designed for crop protection, catering primarily to mid-size farmers. Established in 2015 and based in Kyiv, Ukraine, the company offers the Kray Protection UAS, a next-generation drone solution that effectively replaces traditional agricultural planes and ground sprayers. These drones significantly reduce the costs associated with crop protection applications and minimize the use of pesticides, while also preventing yield losses by enabling whole field processing without causing soil compaction. By requiring less fuel, maintenance, and manpower than conventional methods, Kray Technologies' drones enhance crop protection and boost overall productivity for farmers.

Foodout Group

Series A in 2017
Foodout Group is transforming the way people order food online. It provides the easiest way to order favourite food via Internet and Mobile. Foodout – makes food takeout experience COOL for both: hungry people and local restaurants. Foodout is No.1 player in 3 Baltic countries and Ukraine, also with strong presence in Belarus and Iran. Now aiming to become region leader in CIS/CEE markets. Since the company was founded in November 2014, the company has already fulfilled more than 100,000 orders, which have appreciated the quality of restaurant offerings, ordering convenience, food delivery, and customer service, saving not only their time but also money.

Zakaz.ua

Series A in 2014
Zakaz.ua is an online grocery delivery service founded in 2010 and based in Kyiv, Ukraine. The company operates in 15 cities across Ukraine, as well as in Chisinau, Moldova, and Tashkent, Uzbekistan. Zakaz partners with major grocery retail chains such as Auchan, METRO, and Novus, allowing customers to order groceries at shelf prices without any additional mark-ups. The platform is designed to facilitate the efficient acceptance, processing, and delivery of orders, offering both same-day delivery and scheduled delivery options. Zakaz.ua aims to provide a convenient shopping experience for customers while ensuring high service quality in collaboration with its retail partners.

DOC.ONLINE

Seed Round in 2014
Doc.online it's a medical technology marketplace where patient can arrange appointment with doctor, receive a telemedicine consultation and get prescription filled in any pharmacy. Doc.online provides service in Ukraine, Kazakhstan, Uzbekistan, Moldova, Georgia and Azerbaijan. Currently company is expanding to GCC region.
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