Horizon Capital

Horizon Capital is a private equity firm established in 2006 and headquartered in Kyiv, Ukraine, with an additional office in Chicago, Illinois. It specializes in buyouts, growth capital, and expansion investments, primarily focusing on later-stage opportunities in small and mid-cap companies. The firm invests in various sectors, including light manufacturing, information technology, financial services, fast-moving consumer goods, and e-commerce, with a particular emphasis on industry leaders and companies with consolidation potential. Horizon Capital manages four funds with assets exceeding $850 million and is backed by over 40 institutional investors. The firm actively seeks to partner with visionary entrepreneurs and aims to generate value through governance and operational improvements. Investments typically range from $5 million to $20 million, with a preference for acquiring control stakes, though minority interests are also considered. Horizon Capital generally seeks to exit its investments within three to five years via trade sales or initial public offerings. With a team that boasts over 75 years of regional investment experience, the firm is committed to integrity, transparency, and successful value creation.

Tetyana Bega

Investor Relations Director

Natalie Best

VP

Dmytro Boroday

Principal

Mark Burden

CFO

Natalie Chaus

Chief Financial Officer

Roman Cherepakha

Investment Director

Svitlana Dryhush

Investment Director

Denis Filatov

Investment Director

Ruslan Furtas

Principal

Maksym Kuznetsov

Investment Director

Konstantin Magaletskyi

Partner

Jeffrey C. Neal

Founding Partner and Chairman of Investment Committee

Liubomyr Romaniv

Investment Associate

Orest Ryvak

Investment Associate

Oleg Stadnik

Investment Director

Bogdan Svyrydov

Venture Director

Denys Sychkov

Investment Director

Vasile Tofan

Senior Partner

Dmytro Zabigaylo

Partner and General Counsel

Kateryna Zhuravska

Investment Director

Past deals in Ukraine

Miratech

Private Equity Round in 2022
Miratech is an IT services and outsourcing company that provides managed IT services to large and midsize multinational organizations. Founded in 1989, Miratech has its headquarters in Stockholm and Washington, DC; and R&D centers in Poland, Slovakia, and Ukraine. Miratech serves its customers internationally, covering 560 locations. Miratech has been ranked highly in major industrial ratings, including the Global Services 100; the Software 500®; the NOA’s Outsourcing Professional Award; The Global Outsourcing 100® and Best Five Companies in Eastern Europe, by IAOP®. Miratech is ISO 9001, CMM Level 3, and ISO 27001 certified.

Liki24

Venture Round in 2020
Liki24 is a Ukrainian company founded in 2017, based in Kyiv, that operates an online platform for ordering medications and health-related products. The platform enables users to search for drugs and other items such as cosmetics, medical devices, and sports nutrition across various pharmacies, providing information on prices and availability. Additionally, Liki24 offers a logistics solution that integrates deeply with partner pharmacies, clinics, and insurance companies, facilitating coordination, task management, and data management for its logistics team. This comprehensive approach positions Liki24 as a key player in the online pharmaceutical and health product market in Ukraine.

Makeup

Private Equity Round in 2020
OOO, MAKEUP is an online retail marketplace specializing in cosmetics and perfumes, offering a diverse range of products for both men and women. Founded in 2009 and based in Kiev, Ukraine, the company provides an extensive selection that includes makeup, nail care, hair care, skincare, and fragrances, as well as accessories and health-related items. Its platform allows customers to conveniently explore and purchase products from various brands, catering to both local and international markets. By focusing on a comprehensive assortment of beauty and personal care products, OOO, MAKEUP aims to meet the diverse needs of its clientele.

Dobrobut

Private Equity Round in 2019
Dobrobut is a network of clinics and medical institutions in Kyiv and Kyiv region, offering essential services to patients in Ukraine. The company owns a wide network of clinics and hospitals, staffed by strong professionals and equipped with modern medical equipment, providing quality care to their patients. The company continuously invests in digitalization of business processes, including mobile platform that allows patients to plan and pay for their visits online.

Ajax Systems

Series A in 2019
Ajax Systems Inc. is a manufacturer of smart security systems and sensors designed for residential use. Founded in 2011 and based in Kyiv, Ukraine, the company provides a range of products including wireless window and door opening sensors, movement sensors, leak detectors, fire detectors, and glass protectors. Ajax Systems also offers hubs that enable clients to integrate and manage multiple devices within their security systems, ensuring comprehensive protection for homes across Europe.

Yarych Confectionery

Private Equity Round in 2018
Yarych Confectionery LLC specializes in the production of semi-sweet biscuits and crackers. The company was founded in 1986 and is based in Lviv, Ukraine. As of October 16, 2018, Yarych Confectionery LLC operates 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 founded in 2002 and headquartered in Lviv, Ukraine, with additional offices in Kyiv, Odesa, and Berlin. The company specializes in providing software development services across various industries, including automotive, financial technology, location-based services, retail, IoT, and energy. Intellias offers a wide range of services, such as Automotive R&D, SaaS and platform development, data science, mobile app development, and UX/UI design. With a workforce exceeding 1,600 professionals, Intellias focuses on building and operating engineering teams in Eastern Europe for leading technology companies in the EU and North America. The firm's commitment to quality and productivity has earned it recognition in various industry rankings, including being listed among the fastest-growing privately held companies in Europe and one of Lviv's top IT employers.

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.

Rozetka

Private Equity Round in 2016
Rozetka.UA is the largest online store in Ukraine.

Biofarma

Private Equity Round in 2012
Biofarma operates as a pharmaceutical manufacturer. Biofarma manufactures medicinal products made of donated human blood, recombinant preparations and drugs based on spore-forming bacteria.

Ciklum

Venture Round in 2012
Ciklum ApS operates as a digital solutions company serving Fortune 500 companies and organizations. It offers services in the areas of application development, research and development, big data and analytics, support services, QA and software testing, Internet of Things, DevOps, and Chatbot development. The company was founded in 2002 and is based in Kyiv, Ukraine. It has development centres in Ukraine, Poland, Spain, Belarus, and Pakistan; and sales offices in Denmark, Israel, Switzerland, United Kingdom, the United Arab Emirates, and the United States.

UkrFinance

Private Equity Round in 2011
UkrFinance is a debt purchasing and collection agency. UkrFinance works with debt portfolios, as well as purchases distressed debts.

Vitmark

Private Equity Round in 2010
Vitmark operates as a manufacturer of non-alcoholic beverages. Vitmark brands include well-known Jaffa and Nash Sik. It currently operates two production sites in the Odessa region, processing plant in Rakhny and a nation wide distribution network with 12 regional sales offices. Jaffa and Nash Sik brands cover both premium and middle market segments.

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 for a recently formed Ukrainian food retail chain operating under the trade name Fresh. Evrotek offers a wide range of products: food and non-food groups, own-produced goods and a full range of additional services.