# Investors based in Kyiv (2026 list)

> 125 investors based in Kyiv, 2% active in the last 12 months. Led by ZBS CAPITAL, Ukrainian Startup Fund, AVentures Capital. Ranked by what they funded.

Source: https://millionrounds.com/lists/investors-based-in-kyiv (Millionrounds; every figure on the page links to its filing or article)

[Investor Lists](https://millionrounds.com/lists)

# Investors based in Kyiv

Updated 7 November 2026

Firms with an address in Kyiv. A head office is a fact about the firm; where it invests is on its own page.

[See all 125 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-based-in-kyiv)The top 25

**125** investors on the list No change this week

**4** cheques in 12 months *-79%* against the market

**$3M** median round they joined *-62%* against the market median

**2%** wrote a cheque in 12 months

**0%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (3)

- 1 [ZBS CAPITAL](https://millionrounds.com/fund/zbs-capital) quiet VC firm · Ukraine **66** **$2M** median round **Nov 2025** last seen
- 2 [Ukrainian Startup Fund](https://millionrounds.com/fund/ukrainian-startup-fund) *Deploying now* Government · Ukraine **51** **$156K** median round **Jul 2026** last seen
- 3 [AVentures Capital](https://millionrounds.com/fund/aventures-capital) quiet VC firm · Ukraine **8** **$1M** median round **Mar 2015** last seen
- 4 [Dragon Capital](https://millionrounds.com/fund/dragon-capital) quiet VC firm · Ukraine **2** **$7.8M** median round **Oct 2025** last seen
- 5 [Digital Future](https://millionrounds.com/fund/digitalfuture) quiet VC firm · Ukraine **1** **$50K** median round **Dec 2014** last seen
- 6 [SD Capital](https://millionrounds.com/fund/sd-capital) quiet Private equity · Ukraine **1** **$3M** median round **-** last seen
- 7 [Sigma Software Labs](https://millionrounds.com/fund/sigma-software-labs) quiet Accelerator · Ukraine **1** **$3M** median round **-** last seen
- 8 [TAS Group](https://millionrounds.com/fund/tas-group) quiet Family office · Ukraine **1** **$3M** median round **Aug 2019** last seen
- 9 [Vesna Capital](https://millionrounds.com/fund/vesna-capital) *Deploying now* VC firm · Ukraine **1** **$2.7M** median round **Aug 2026** last seen
- 10 [hi5 Ventures](https://millionrounds.com/fund/hi5-ventures) *Deploying now* VC firm · Ukraine **1** **$6M** median round **Oct 2026** last seen
- 11 [AZ Ventures](https://millionrounds.com/fund/az-ventures) quiet VC firm · Ukraine **1** **$9M** median round **Oct 2023** last seen
- 12 [1st Family Office](https://millionrounds.com/fund/1st-family-office) unknown Family office · Ukraine **none observed** **-** median round **-** last seen
- 13 [6037](https://millionrounds.com/fund/6037) unknown Venture studio · Ukraine **none observed** **-** median round **-** last seen
- 14 [727.ventures](https://millionrounds.com/fund/727-ventures) unknown Venture studio · Ukraine **none observed** **-** median round **-** last seen
- 15 [A7 CAPITAL](https://millionrounds.com/fund/a7-capital-2) unknown Investment firm · Ukraine **none observed** **-** median round **-** last seen
- 16 [A7 Group](https://millionrounds.com/fund/a7-group) unknown VC firm · Ukraine **none observed** **-** median round **-** last seen
- 17 [Adventures Lab](https://millionrounds.com/fund/adventures-lab) unknown VC firm · Ukraine **none observed** **-** median round **-** last seen
- 18 [Agricol Finance Engineering LLP](https://millionrounds.com/fund/agricol-finance-engineering-llp) unknown Investment bank · Ukraine **none observed** **-** median round **-** last seen
- 19 [Aldiva](https://millionrounds.com/fund/aldiva) unknown VC firm · Ukraine **none observed** **-** median round **-** last seen
- 20 [Alumni Fund Ukraine](https://millionrounds.com/fund/alumni-fund-ukraine) unknown Government · Ukraine **none observed** **-** median round **-** last seen
- 21 [Anix Group](https://millionrounds.com/fund/anix-group) unknown Company · Ukraine **none observed** **-** median round **-** last seen
- 22 [ArkasFund](https://millionrounds.com/fund/arkasfund) unknown Investment firm · Ukraine **none observed** **-** median round **-** last seen
- 23 [Atlantic Group Limited](https://millionrounds.com/fund/atlantic-group-limited) unknown Company · Ukraine **none observed** **-** median round **-** last seen
- 24 [Atria Capital Partners](https://millionrounds.com/fund/atria-capital-partners) unknown Investment firm · Ukraine **none observed** **-** median round **-** last seen
- 25 [Axendra](https://millionrounds.com/fund/axendra) unknown Investment firm · Ukraine **none observed** **-** median round **-** last seen

**100 more on this list**

All 125 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000.

[See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-based-in-kyiv)

## The Newest Cheques

Rounds this list's investors joined most recently

- **6** Oct **[Comparables.ai](https://millionrounds.com/company/comparables-ai)** Seed · $6M *With* [hi5 Ventures](https://millionrounds.com/fund/hi5-ventures)
- **24** Aug **[Embedd](https://millionrounds.com/company/embedd)** Pre-seed · $2.7M *With* [Vesna Capital](https://millionrounds.com/fund/vesna-capital)
- **1** Jul **[Elomia Health](https://millionrounds.com/company/elomia-health)** Venture *With* [Ukrainian Startup Fund](https://millionrounds.com/fund/ukrainian-startup-fund)
- **1** May **[SorbiForce](https://millionrounds.com/company/sorbiforce)** $162K *With* [Ukrainian Startup Fund](https://millionrounds.com/fund/ukrainian-startup-fund)
- **1** Nov **[Lympid](https://millionrounds.com/company/lympid)** Venture *With* [ZBS CAPITAL](https://millionrounds.com/fund/zbs-capital)
- **16** Oct **[Chari](https://millionrounds.com/company/chari)** Series A · $12M *With* [Dragon Capital](https://millionrounds.com/fund/dragon-capital)

## Stages This Year

4 rounds

- crowdfunding **25%**
- Pre-seed **25%**
- Seed **25%**
- Venture **25%**

## What They Backed

Sectors, last 12 months

- AI **3**
- Energy **1**
- Fintech **1**
- SaaS **1**
- Semiconductors **1**
- Software **1**

## Cheques by Quarter

Led Joined

6 Q1 25

9 Q2 25

3 Q3 25

2 Q4 25

Q1 26

1 Q2 26

2 Q3 26

1 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [Investors based in London 4,496](https://millionrounds.com/lists/investors-based-in-london)
- [Investors based in CA 3,746](https://millionrounds.com/lists/investors-based-in-ca)
- [Investors based in NY 3,658](https://millionrounds.com/lists/investors-based-in-ny)
- [Investors based in WA 2,473](https://millionrounds.com/lists/investors-based-in-wa)
- [Investors based in San Francisco 2,377](https://millionrounds.com/lists/investors-based-in-san-francisco)
- [Investors based in TX 2,250](https://millionrounds.com/lists/investors-based-in-tx)
- [Investors based in Dubai 1,922](https://millionrounds.com/lists/investors-based-in-dubai)
- [Investors based in Los Angeles 1,261](https://millionrounds.com/lists/investors-based-in-los-angeles)
- [Investors based in Chicago 1,255](https://millionrounds.com/lists/investors-based-in-chicago)

[All investor lists *→*](https://millionrounds.com/lists)

## Quick answers about investors based in Kyiv

### Who are the most active investors based in Kyiv?

By cheques observed, the most active are ZBS CAPITAL, Ukrainian Startup Fund, AVentures Capital, Dragon Capital and Digital Future.

### How many investors based in Kyiv are there?

125 are on record. 2% made an investment in the last 12 months.

### Which stages do investors based in Kyiv back?

Of the rounds with a named stage in the last 12 months, mostly Pre-seed (50%) and Seed (50%).

### How big are the rounds investors based in Kyiv join?

The typical (median) round among the leading investors here is $3M.

### Which sectors do investors based in Kyiv back most?

In the last 12 months, mostly AI, Energy and Fintech.

### What have investors based in Kyiv invested in recently?

Recent rounds include Comparables.ai (Seed, Oct 2026, with hi5 Ventures), Embedd (Pre-seed, Aug 2026, with Vesna Capital) and Elomia Health (Venture, Jul 2026, with Ukrainian Startup Fund).

### How is this list of investors based in Kyiv ranked?

By cheques observed, from the rounds and filings we watched, and never by anything anyone paid for. It is rebuilt every night.

### Can I see all 125 investors based in Kyiv?

The top 25 are here. All 125 are in the app, with filters for stage, sector, market and cheque size. A free account shows 10 per search, Pro up to 1,000.

Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)