The EBRD is an international financial institution founded in 1990 and headquartered in London that provides project financing and advisory services to support private sector development and transformation in emerging markets. It finances banks, industries, and businesses, supports new ventures and investments in existing companies, and helps privatize and restructure municipal services in publicly owned entities. Through its banking and treasury activities, it offers loans, equity and quasi-equity investments, guarantees, and equity funds for smaller enterprises, along with trade finance and loan syndication. It works with commercial partners to invest in private enterprises across sectors including energy, manufacturing, ICT, infrastructure, agribusiness, and real estate, across Europe, the Middle East and beyond, including a significant footprint in Central and Eastern Europe, the Baltics, and the Caucasus. It provides policy reform dialogue and advisory services to support market modernization, governance, and reform. It has invested over €130 billion in more than 5,000 projects.

The Ukrainian Startup Fund was established to support the local startup ecosystem. It has become the largest angel investor in Ukraine, having funded 130 startups and maintaining the most comprehensive database of local ventures and stakeholders, with over 3,000 applications processed.

SMRK VC Fund is a Kyiv-based venture capital firm established in 2013 that provides seed and early-stage financing to information technology startups. It invests in software-focused ventures, including mobile OS applications, casual and business software, and services that enhance the online presence of offline businesses, with both B2B and B2C models. The firm typically pursues minority stakes and participates in rounds ranging from approximately $0.1 million to $1 million. Its geographic focus includes Ukraine, Russia, Belarus and Central Europe, while it may invest in other regions. Notable portfolio companies include Allset, Preply, Competera and AJAX Systems.

Adventures Lab is a Kyiv, Ukraine-based venture capital firm and web3 venture builder. The firm provides capital across early, growth, and late stages, with investments typically up to $500,000, $1 million, and $3 million respectively. It backs fast-growing B2C and B2B tech companies and supports entrepreneurs through its industry network and hands-on guidance. The firm focuses on online and mobile platforms, affiliate marketing, MarTech, gaming, digital health, content creation and publishing, health and beauty, and pet products and services.

TA Ventures is a global, network-driven venture capital firm founded in 2010 that backs early-stage tech startups across sectors including digital health, mobility and logistics, fintech, consumer tech, software, and AI-enabled enterprise software. It typically writes initial checks of $100,000 to $250,000 for pre-seed and seed rounds and provides follow-on capital. The firm leverages its international network to connect portfolio companies with growth-oriented co-investors and to grant access to cost-efficient R&D talent. It emphasizes swift execution and hands-on support, aiming to help portfolio companies scale and enter new markets through strategic, cross-border collaboration.

AVentures Capital is a Kyiv-based venture capital firm that concentrates on early-stage investments in Ukrainian and broader Eastern European technology companies. Founded in 1994, it seeks to partner with entrepreneurs building global software-enabled businesses across cloud, storage, enterprise software, web and mobile, e-commerce, Internet of Things, and related software tech sectors. The firm emphasizes opportunities in machine learning, big data, augmented and virtual reality, SaaS, and scalable digital platforms, with a preference for companies that can reach developed markets such as the United States and Western Europe. AVentures Capital engages in direct investments across incubation, seed, startup, and early growth rounds, and pursues co-investments and strategic allocations in venture funds. With offices spanning Eastern Europe and Silicon Valley, the firm collaborates closely with management teams to support product development, go-to-market strategy, and international expansion, aiming to help portfolio companies scale globally.

ICU Ventures is the venture investment arm of ICU Group. Based in Kyiv, Ukraine, it was founded in 2006 and focuses on early‑stage technology companies with Eastern European roots. The firm invests across fintech, deep tech, mobility, and enterprise software, and also engages with opportunities in gaming and gambling. ICU Ventures provides capital, strategic support, and access to a broad network to help portfolio companies scale internationally.

QPDigital is a Kyiv-based venture capital firm founded in 2020 that focuses on technology startups in artificial intelligence, blockchain, gaming, fintech, digital healthcare, and information technology logistics. It supports portfolio companies by helping to optimize business models, expand client networks, strengthen the technical core, and connect with providers to raise growth capital.

Chernovetskyi Investment Group is a Kyiv-based venture capital firm founded in 2012 that invests in startups across early to late stages. The firm focuses on internet, IT, cloud computing, mobile applications, data management and big data, electronic payment systems, and software, and seeks opportunities in innovative development and technologies. It emphasizes collaboration with current project owners rather than taking over ownership and supports projects through development at all stages.

Digital Future is a Kyiv-based venture capital firm founded in 2014 that provides late-seed and early-stage funding to technology-enabled startups. The firm focuses on advertising technology, digital marketing, artificial intelligence, security, the Internet of Things, SaaS, marketplaces, and B2B/B2C businesses, seeking revenue-enabled startups with traction and scalable models. It invests across Ukraine, Europe, Israel, and the United States, backing seed and early-stage rounds with flexible capital, and aims to support growth toward profitability. The firm does not invest in hardware, typically engages at early rounds with stakes around 10-15 percent, and invests through personal capital.

Specialist VC is a Tallinn-based venture capital firm founded in 2017 that backs early-stage startups, typically from pre-seed to Series A rounds. The firm focuses on companies operating in business-to-business software, software as a service, fintech, platforms, software-enabled hardware, and deep technologies. Its active geographic focus includes Estonia, Latvia, Lithuania, Finland, Ukraine, and Belarus, with a stated aim of supporting founders across these markets.

SID Venture Partners is a Ukrainian venture capital firm founded in 2021, investing in seed-, early-, and later-stage technology companies with a focus on B2B payments, manufacturing, blockchain, artificial intelligence, machine learning, and other technology-driven sectors.

hi5 Ventures is a Kyiv-based venture capital firm focused on seed-stage Ukrainian technology companies. It leverages more than 15 years of investment experience and the specialized expertise of its limited partners to support early-stage startups with capital and strategic guidance.

Lviv Tech Angels is an angel network and community of investors based in Lviv, Ukraine. It seeks to invest in Ukrainian startups and product companies, with the goal of boosting startup culture and expanding the regional innovation ecosystem. The network supports the development of early-stage ventures and contributes to establishing Lviv as an attractive location for startups and business by fostering collaboration among founders, investors, and other ecosystem stakeholders.

Detonate Ventures is an investment and management company based in Kyiv, Ukraine, founded in 2011. It acts as a seed and early-stage investor and also manages in-house projects, with funding from private Israeli investors. The firm is led by partners with broad expertise in technology, media, telecommunications, marketing and strategic consulting, and it takes an active, partner-driven approach to portfolio companies. The firm focuses on hands-on involvement in its ventures.

Integer.pl Group is a leading private postal group in Europe that has rapidly expanded its InPost parcel locker network across numerous countries worldwide. Within three years, the company deployed its locker technology in Australia, Chile, Great Britain, Italy, Ireland, Iceland, Lithuania, Latvia, Ukraine, Estonia, Poland, Russia, Saudi Arabia, Cyprus, Slovakia, Czech Republic, Colombia, Costa Rica, El Salvador, and Guatemala. The service has earned high customer satisfaction, reflected in a Net Promoter Score of 89% as of February 2019, and has received several industry awards, including the World Mail Awards 2013, Retail Innovation of the Year 2013, and Delivery Innovation Excellence UK 2014. Integer.pl Group continues to build a strong global footprint in the logistics sector through its innovative locker solutions.

IFU is a venture capital and private equity firm based in Copenhagen, Denmark, that specializes in providing equity, mezzanine financing, loans, and guarantees to projects in developing countries. Established in 1967, IFU focuses on creating and financing new businesses, joint ventures between Danish companies and local partners, and acquiring existing ventures. The firm primarily invests in sectors such as commercial services, biofuels, renewable energy, and irrigation systems, with a particular emphasis on climate and agribusiness. Investments are targeted at countries with a low gross national income per capita, as defined by specific criteria, and include regions across Africa, Asia, Europe, and Latin America. IFU typically invests between DKK 0.5 million and DKK 100 million and often seeks co-investment opportunities with Danish firms. The firm also supports small and medium-sized enterprises and provides advisory services for business investments in developing markets. With a preference for board membership, IFU aims to exit investments within five to seven years, ensuring a positive return for its stakeholders.

Fison is a Kyiv-based venture capital firm that concentrates on startup investments in Ukraine, supporting both portfolio investments and direct investments in startup projects through venture funding. The firm targets opportunities in mobile apps, e-commerce, and big data to back innovative early-stage ventures across the Ukrainian market.

Acrobator Ventures is a venture capital firm based in Amsterdam, with activity in Kyiv and Tbilisi, that backs early-stage to growth-stage technology companies. The firm focuses on B2B and B2C software, artificial intelligence and machine learning, fintech, infrastructure, data, cybersecurity, and related sectors, often seeking to connect Eastern founders with Western markets such as the United States. It emphasizes support through founders networks, data access, and market reach, and pursues opportunities across Western and Eastern Europe, the United States, and CIS regions.

Founded in 2021, Criterion VC is a venture capital firm based in Kyiv, Ukraine. It specializes in early-stage investments, focusing on blockchain technology, digital currency, and cryptocurrency sectors. The firm offers financial support and active guidance to promising projects, including market entry assistance, business contact facilitation, and solutions sharing.

ZBS Capital is a Kyiv-based venture capital firm focused on investing in early-stage blockchain, crypto and web3 companies to advance a decentralized world. Originating during the 2017 ICO era, it has assembled a global team with experience in blockchain, marketing, and finance and provides financing and advisory support to portfolio projects. The firm conducts fundamental research through analysts and traders, evaluating technical development, tokenomics, social impact, awareness, upcoming news and events, and the likelihood of achieving project goals.

TPY Capital is an Israeli investment firm based in Tel Aviv that operates as a private equity and venture capital firm, focusing on early-stage, pre-revenue, revenue-stage, and growth technology companies. It is an active investor that typically leads rounds and concentrates on sectors such as quantum computing, cloud infrastructure, data and analytics, fintech, enterprise software, machine learning, enterprise digitalization, and human augmentation. The firm backs Israeli startups, generally pursuing minority positions and supporting companies through multiple growth stages. Founded in 2011, TPY Capital aims to support innovative technology firms across Israel.

Flyer One Ventures is an international early-stage venture capital firm based in Warsaw, Poland, investing in startups from Central and Eastern Europe and beyond in sectors such as Mobile, Health Tech, EdTech, Fitness & Wellness, B2B SaaS, Gaming, FoodTech and AI/ML. It backs teams with global market potential and provides active portfolio support, including guidance on digital marketing, hiring R&D staff, product development, and fundraising for Series A and Series B rounds. The firm emphasizes mentorship and daily hands-on involvement to help portfolio companies scale internationally, particularly in regions with limited access to early financing.

Presto Ventures is a Prague-based venture capital firm founded in 2016 by Přemysl Rubeš. It invests in early-stage technology startups across NATO and allied nations, focusing on seed and Series A rounds. Based in the Czech Republic, the company provides portfolio founders with resources and guidance to accelerate development and achieve local and global success, prioritizing impactful, fast-growing tech companies in the Central and Eastern Europe region.

MTech Capital is a venture capital firm with offices in Santa Monica and London that backs technology companies across insurtech, wealthtech, asset management, health and wellness, employee benefits, and enterprise software. Founded in 2018, the firm invests across stages and focuses on opportunities in North America and Europe, with activity also noted in Israel.

Based in Paris, A Plus Finance is an independent investment firm specializing in venture capital and the management of funds dedicated to innovation. It focuses on information technology, environment and e-business in France, and also pursues opportunities in real estate and private equity. The team combines financiers and entrepreneurs, providing practical management insight and a long-term development perspective for portfolio companies. The firm manages about €220 million in assets and typically invests between €1 million and €4 million per project, reflecting a goal of supporting growth-stage and promising early-stage ventures in the French market.

Trind Ventures is a Tallinn-based venture capital firm that backs early-stage European startups. It invests across Northern and Central Europe in marketplaces, consumer solutions, and PLG-driven B2B products, as well as software and information and communications technology, supporting both business-to-business and business-to-consumer models.

Geek Ventures is a New York City-based venture capital firm founded in 2021 that backs early-stage technology startups in the United States, focusing on pre-seed and seed rounds. It invests in immigrant founders building scalable technology, spanning B2B software, B2C software, hardware, and deep tech.

Globalive is a startup studio and global investment firm led by Anthony Lacavera, with partners Brice Scheschuk and Simon Lockie and a team with over a century of startup, operating, and investing experience. It collaborates with founders to build and fund new ventures, providing hands-on support across early-stage opportunities. Globalive focuses on technology and infrastructure sectors, including HR tech, realtech, fintech, healthtech, biotech and drone technology, and pursues investments from seed to Series A worldwide. Headquartered in Toronto, Canada, the firm has pursued opportunities in the United States, Canada and beyond, with activity spanning telecommunications, media, real estate and financial services.

Network VC is a venture capital firm established in 2019 and located in Menlo Park, California. The firm focuses on investing in startups across various sectors, leveraging a robust ecosystem to access a diverse pool of investment opportunities. This ecosystem is primarily built through initiatives like Unicorn Battles and CUP Startup, which create a significant funnel of startups. By tapping into this extensive network, Network VC aims to identify and support high-potential startups, thereby enhancing its investment success.

Vistara Growth, formerly Vistara Capital Partners, is a North American growth capital firm offering flexible debt and equity solutions to mid-to-late-stage technology companies. Founded in 2015 and headquartered in Vancouver with an office in Toronto, it targets software, technology-enabled services, and IT sectors, delivering tailored capital structures to support organic growth, acquisitions, or liquidity events. Typical commitments range from roughly 5 to 30 million, with portfolio companies generating tens of millions in revenue; investments may be debt, equity, or blended structures, often with minority positions and terms of two to four years. The firm operates across the United States and Canada, with emphasis on the West Coast and Canadian markets.

Next47 is a global independent venture firm backed by Siemens AG that invests in enterprise-focused startup companies leveraging emerging technologies. It pursues fast decision-making and works closely with the teams it backs to unlock maximum potential. The firm leverages Siemens' global footprint and ecosystem spanning multiple industries and regions to support portfolio companies.

Insight Partners is a global software investor that partners with growth-stage technology and software companies. Headquartered in New York City with offices in London, Tel Aviv, and Palo Alto, it concentrates on growth-stage software, internet, and data services, with notable focus areas including fintech, cybersecurity, AI/ML, DevOps, and healthcare. Founded in 1995, Insight Partners manages over $75 billion in regulatory assets under management and has invested in more than 750 companies worldwide, with over 55 portfolio companies achieving an IPO. The firm combines capital with hands-on, right-sized software expertise to support portfolio companies on their growth journey from first investment to IPO.

Creandum is a European early-stage venture capital firm headquartered in Stockholm with offices in London, Berlin, and San Francisco. It backs technology and consumer businesses across Europe and North America, providing capital as well as strategic and operational support to help portfolio companies scale from seed to exit. The firm leverages a broad network and hands-on involvement to help founders recruit, grow, and navigate international markets. Notable portfolio companies include Spotify, Klarna, Depop, Trade Republic, Pleo, and Neo4j.

Almaz Capital is an international venture capital firm investing in early-stage, capital-efficient technology companies. Headquartered in Silicon Valley, it serves as a bridge between Eastern European and former Soviet engineering talent and the U.S. market to help build global businesses. The firm targets high-growth sectors such as artificial intelligence, blockchain, data engineering, cybersecurity, industrial Internet of Things, and networking infrastructure. Its investors include Cisco, the European Bank for Reconstruction and Development, and the International Finance Corporation. Founded in 2008, Almaz Capital has backed more than 30 portfolio companies and nine exits to date.

IA Capital Group is a New York-based venture capital and private equity firm founded in 1992, specializing in insurtech and fintech. The firm backs early and growth-stage companies and also incubates startups, with investments spanning venture, growth equity, and buyouts in insurance technology, payments, and broader financial services sectors. It pursues opportunities in the United States, Canada, and North America, and often takes both majority and minority stakes. IA Capital collaborates with insurers through strategic venture programs and has a long track record of partnering with innovative companies in insurance technology and financial services to accelerate growth and scale adoption.

Cultivation Capital is a St. Louis, Missouri-based venture capital firm that backs seed- to Series B–stage companies in the United States. Its focus includes life sciences, healthcare, agriculture technology, and related software, information technology, and geospatial sectors, with investments spanning early rounds to support product development and market entry.

OTB Ventures is a European venture capital firm founded in 2017 with offices in Amsterdam and Warsaw. It specializes in deep tech investments across Europe, targeting late seed to Series A/B rounds for startups developing technologies in SpaceTech, AI and data, Enterprise AI, Physical AI, Novel Computing, FinTech and Cybersecurity. The firm emphasizes access to Central and Eastern European deal flow and is described as the largest VC originating from the CEE, managing over $300 million in assets.

Allied Venture Partners is an angel network and syndicate based in Calgary, Canada, founded in 2020. It provides early-stage capital to software and technology startups across Canada and the United States, and is described by Crunchbase as Western Canada’s largest angel syndicate.

Vertex Ventures is a global network of operator-investors and venture capital firms that supports technology and healthcare startups across the United States, China, Israel, India and Southeast Asia. It partners with entrepreneurs by offering hands-on operating experience and broad access to capital, talent, partners and customers to help build global businesses. The firm focuses on early to growth-stage investments in software infrastructure, developer tools, data, security, vertical SaaS, enterprise software and healthcare technologies, drawing on a wide international footprint that includes the US, Israel, Singapore and China. Vertex Ventures emphasizes active portfolio involvement and leverages the broader Vertex network to create value for portfolio companies through strategic guidance and partnerships.

Established in 2020, the European Innovation Council supports innovative startups and researchers with promising ideas, focusing on early-stage companies with positive environmental, social, or governance impacts. It co-invests alongside private investors.

Vendep Capital is a Finland-based venture capital firm that specializes in early-stage B2B software companies in the Nordics and Baltics. Founded in 2013 and headquartered in Espoo, Finland, it targets pre-Series A investments in software and TMT with emphasis on SaaS and B2B marketplaces. The firm backs ambitious founders by providing capital along with its SaaS expertise and extensive networks to speed growth. Typical initial tickets range from 0.1 to 3 million euros, with investments extended across multiple rounds as companies scale. Vendep focuses on the Nordics and Baltics regions, supporting software entrepreneurs at a pivotal growth stage and aiming to build a portfolio of validated SaaS and related software ventures.

NJJ Capital is a Paris-based venture capital firm and investment vehicle associated with Xavier Niel. Founded in 2010, it supports seed-, early-, and late-stage companies in information technology and the technology, media, and telecommunications (TMT) sectors, with investments in the United States and France.

Viola Group is an Israel-based technology-focused investment group with multiple dedicated arms, including Viola Ventures, Viola Growth, Viola Credit, Viola Partners and Viola FinTech. Founded in 2000, the group provides long-term capital and value-added support to tech companies across stages, from early venture to growth and credit financing, with a broad geographic reach in Israel and globally. Viola Group manages over three billion dollars in assets and has backed more than 200 technology companies, leveraging specialized teams, extensive networks, and strategic partnerships to help portfolio companies scale in sectors such as software, cybersecurity, fintech, semiconductors, and deep technology. The firm operates as a multi-strategy house, allowing independent arms to pursue distinct investment approaches while sharing services and expertise to drive durable returns for global institutional investors and private partners. Its approach combines capital with hands-on partnership to build transformational technology businesses.

Innovestor is a Helsinki-based Nordic venture capital investor and financial services company that provides growth funding and strategic insight to technology, life science and health startups. Founded in 2014, the firm operates through affiliated investment entities and maintains offices in Helsinki. It supports early and growth-stage companies by offering capital and access to industry expertise through a team of professionals and specialists. Innovestor targets sectors including software, information technology, healthcare, life sciences, cleantech, and industrial technologies, and maintains regulatory oversight by the Finnish Financial Supervisory Authority.

VNV Global is a Stockholm, Sweden–based investment company focusing on growth capital, venture investments, and select buyouts in unlisted online marketplaces, as well as consumer-focused and business-to-business companies. It targets ventures with strong network effects and potential for value creation, investing across incubation, seed and startup phases through late-stage venture and growth opportunities. The firm seeks significant minority or majority stakes and actively manages its portfolio through board representation, pursuing global opportunities (excluding China).

TMT Investments is a venture capital firm founded in 2010 and based in Saint Helier, United Kingdom. It invests in early-stage technology companies across sectors including technology, media and telecommunications, big data, cloud solutions, e-commerce, ad tech, SaaS and marketplaces. The firm has a portfolio that includes a significant number of Silicon Valley investments and has backed more than 65 companies to date. Its objective is to generate attractive returns for investors primarily through capital appreciation.

SEED Capital Denmark is a Copenhagen-based venture capital firm focused on seed- and early-stage technology investments in Denmark and the Nordic region. Founded in 2004, it backs technology-driven companies across software, information technology, and TMT sectors and supports Danish startups with global ambitions. The firm has managed multiple funds including SEED Capital Denmark II, III and IV, and makes investments across Denmark and other Nordic markets such as Finland, Iceland, Norway and Sweden depending on the fund. Typical ticket sizes vary by fund, with documented ranges from about 5 million to 75 million Danish kroner, and late-seed rounds sometimes reported in the low single-digit millions of euros. Through its funds, SEED Capital Denmark aims to build early-stage portfolios of Danish tech companies and guide them toward international growth.

SOSV is a global venture capital firm based in Princeton, New Jersey, founded in 1995, that focuses on seed to growth investments in deep technology across health, environmental tech, hardware, robotics, and cross border software, with a particular emphasis on Asia. The company runs accelerator style startup development programs, including HAX and IndieBio, which provide facilities, engineering resources, and lab equipment to help founders accelerate product development, acquire customers, and attract later stage funding. SOSV pursues a limited number of high potential startups, offering extensive hands on support to speed commercialization and scale, and aims to back innovations that improve human and planetary health.

Fenway Summer Ventures is a Washington, D.C.-based venture capital firm that focuses on early-stage fintech and financial services startups in the United States. Founded in 2013, the firm backs pre-seed and seed-stage companies, offering capital and guidance to entrepreneurs building innovative financial services platforms, software, and brands. Its investment approach centers on partnering with founders reinventing the financial services industry, with a history of supporting ventures through early growth and, at times, promising growth-stage opportunities. The firm emphasizes US-focused opportunities in software and financial services, aiming to help companies scale with strategic insights and hands-on support.