Horizon Capital

Horizon Capital, established in 2006, is a private equity firm headquartered in Kyiv, Ukraine, with an additional office in Chicago, Illinois. The firm specializes in buyouts, growth capital, and expansion opportunities, focusing on later-stage investments in small and mid-cap companies. Horizon Capital primarily invests in Europe, Central and Eastern Europe, with a particular focus on Ukraine, Moldova, and Belarus. The firm seeks to invest between $5 million and $20 million in private companies, typically acquiring control stakes, and aims to liquidate investments within three to five years through trade sales or initial public offerings. Horizon Capital's investment strategy centers around industry leaders in fast-growing sectors, younger companies in consolidating sectors, and mature industries with growth potential. The firm prefers sectors such as light manufacturing, information technology, financial services, and consumer goods, among others. Backed by over 40 institutional investors, Horizon Capital manages funds with assets under management of over $1.1 billion, demonstrating a 25-year tenure in the region.

Andrii Brodetsky

Investment Analyst

Denis Filatov

Investment Director

Valeria Ketrysh

Senior Investment Associate

Maksym Kuznetsov

Investment Director

Solomiia Pikh

Senior Investment Associate

Liubomyr Romaniv

Investment Associate

Hanna Shuvalova

Principal

Arina Smykova

Senior Investment Associate

Denys Sychkov

Principal

Past deals in Ukraine

GoIT

Private Equity Round in 2023
GoIT is an international EdTech company, established in 2014, specializing in IT education. Headquartered in Kyiv, Ukraine, with operations in over 30 countries and physical branches in Ukraine, Poland, Turkey, Mexico, and the USA, GoIT aims to enhance IT learning globally. The company offers online and offline courses, empowering students to secure jobs in the IT sector. With a mission to facilitate individual success stories, GoIT has guided thousands of graduates into employment and has been recognized with several industry awards.

Miratech

Private Equity Round in 2022
Miratech is an IT services and outsourcing company that specializes in managed IT services for large and midsize multinational organizations. Established in 1989, the company is headquartered in Stockholm and Washington, DC, with research and development centers located in Poland, Slovakia, and Ukraine. Miratech serves clients across 560 locations globally, offering a diverse range of services, including digital engineering, IT consulting, customer experience consulting, software engineering, quality assurance, managed security services, and big data analytics. The company supports various sectors such as financial services, healthcare, technology, government, and telecommunications, aiding in their digital transformation efforts. Miratech has received numerous industry accolades, including recognition in the Global Services 100 and the Global Outsourcing 100, and holds certifications such as ISO 9001, CMM Level 3, and ISO 27001.

Dobrobut

Private Equity Round in 2019
Dobrobut operates a network of clinics and hospitals in Kyiv and the surrounding region, offering essential medical services to patients in Ukraine. Staffed by professional healthcare providers and equipped with modern facilities, Dobrobut ensures quality care for its patients. The company is committed to digitalizing business processes, including an online platform for appointment scheduling and payments.

Ajax Systems

Series A in 2019
Ajax Systems is a developer and manufacturer of smart security systems for homes and European markets. The company designs and produces wireless sensors, including window and door opening sensors, movement detectors, leak and fire detectors, glass protectors, and hubs, enabling customers to add devices to their systems and communicate effectively. Founded in 2011, Ajax Systems is based in Kyiv, Ukraine.

Yarych Confectionery

Private Equity Round in 2018
Yarych Confectionery LLC is a Ukrainian company established in 1986, located in Lviv. It specializes in the production of semi-sweet biscuits and crackers, catering to the packaged biscuits market. The company offers a variety of products, including its branded Maria biscuits, petit beurre, and a range of flavored crackers. Yarych Confectionery focuses on meeting retail customer demands with its diverse selection of cakes, long cookies, and crackers, reinforcing its position in the competitive confectionery sector. Since October 2018, it has operated as a subsidiary of Dilbeta Investments Limited and Sermola Holdings Limited.

Intellias

Private Equity Round in 2018
Intellias Ltd. is a custom software engineering company established in 2002, headquartered in Lviv, Ukraine, with additional offices in Kyiv, Odesa, and Berlin. The company specializes in providing tailored services primarily for the automotive, location-based services, and financial technology sectors. Its offerings include Automotive R&D, FinTech solutions, SaaS and platform development, data science, IoT and embedded systems, UX/UI design, mobile app development, and DevOps and cloud services. Intellias serves as a technology partner for various organizations, aiding them in accelerating their digital transformation through innovative product development and leveraging emerging technologies to enhance operational efficiency and product capabilities.

DataGroup

Acquisition in 2016
Datagroup PJSC is a prominent telecommunications service provider in Ukraine, catering to both corporate clients and residential customers. Founded in 2000 and headquartered in Kiev, the company offers a wide range of services, including fixed-line and digital telephony, internet access, data transmission, video conferencing, and surveillance solutions. Datagroup also operates data centers and provides IT infrastructure services, making it a key player in the telecommunications market. The company serves diverse sectors, including corporate businesses, banks, hospitality, education, and government, ensuring tailored solutions that support their operational needs. Notably, Datagroup leads the VSAT satellite communication segment in Ukraine and holds significant market shares in various telecommunications segments, reflecting its extensive network and commitment to enhancing communication services across the region.

Jooble

Private Equity Round in 2014
Jooble is a global employment platform founded in 2006, operating in over 67 countries. Its primary product is an international job search website aggregating thousands of job openings daily. With a mission to help people find work efficiently, Jooble has grown from a startup to a global team of 280+ professionals speaking 25 languages.

Ciklum

Venture Round in 2012
Ciklum is a Danish IT outsourcing company that specializes in nearshore software development, primarily in Eastern Europe, notably Ukraine and Belarus. Founded in 2002, Ciklum employs over 1,700 IT specialists and serves more than 150 global clients through dedicated software development teams. The company offers a range of services including software development outsourcing, quality assurance, IoT, big data analytics, and engineering consulting, which support clients in their digital transformation efforts. Ciklum's unique business model emphasizes a collaborative approach, combining human interaction with technological expertise to foster growth and adaptability in fluctuating markets. The company provides both project-based services and short-term resources to address specific client needs efficiently. Ciklum operates development offices across Ukraine, Belarus, and Pakistan, with representative offices in several European countries. It has received multiple accolades for its innovation and quality of service, including recognition as one of the top IT employers in Ukraine. Ciklum is also an active member of various industry associations, reinforcing its commitment to the IT sector.

Fortis Life Insurance Ukraine

Acquisition in 2010
Fortis Life Insurance Ukraine provides life insurance services. Fortis Life Insurance Ukraine insurance products, which include life insurance products for children's education, weddings, and retirements.

DataGroup

Private Equity Round in 2010
Datagroup PJSC is a prominent telecommunications service provider in Ukraine, catering to both corporate clients and residential customers. Founded in 2000 and headquartered in Kiev, the company offers a wide range of services, including fixed-line and digital telephony, internet access, data transmission, video conferencing, and surveillance solutions. Datagroup also operates data centers and provides IT infrastructure services, making it a key player in the telecommunications market. The company serves diverse sectors, including corporate businesses, banks, hospitality, education, and government, ensuring tailored solutions that support their operational needs. Notably, Datagroup leads the VSAT satellite communication segment in Ukraine and holds significant market shares in various telecommunications segments, reflecting its extensive network and commitment to enhancing communication services across the region.

Evrotek

Venture Round in 2008
Evrotek is a holding company that operates a newly established food retail chain in Ukraine, branded as Fresh. The company manages a diverse network of supermarkets and grocery stores, including mini-markets and home-based stores. Evrotek offers a comprehensive assortment of products, encompassing both food and non-food items, as well as own-produced goods. In addition to these offerings, Evrotek provides a full range of supplementary services to enhance the shopping experience for its customers.
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