# Investors based in Ukraine (2026 list)

> 213 investors based in Ukraine, 3% active in the last 12 months. Led by TA Ventures, ZBS CAPITAL, Ukrainian Startup Fund. Ranked by what they funded.

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

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

# Investors based in Ukraine

Updated 7 November 2026

Firms headquartered in Ukraine, ordered by what we have observed them do rather than by what they claim to invest in. Where a firm sits is not where it invests; for that, see investors in Ukraine.

[See all 213 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-based-in-ukraine)The top 25

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

**19** cheques in 12 months *-48%* against the market

**$2.9M** median round they joined *-64%* against the market median

**3%** 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 (6)

- 1 [TA Ventures](https://millionrounds.com/fund/ta-ventures) *Deploying now* VC firm · Ukraine **145** **$23M** median round **Sept 2026** last seen
- 2 [ZBS CAPITAL](https://millionrounds.com/fund/zbs-capital) quiet VC firm · Ukraine **66** **$2M** median round **Nov 2025** last seen
- 3 [Ukrainian Startup Fund](https://millionrounds.com/fund/ukrainian-startup-fund) *Deploying now* Government · Ukraine **51** **$156K** median round **Jul 2026** last seen
- 4 [AVentures Capital](https://millionrounds.com/fund/aventures-capital) quiet VC firm · Ukraine **8** **$1M** median round **Mar 2015** last seen
- 5 [SMRK VC Fund](https://millionrounds.com/fund/smrk-vc-fund) quiet VC firm · Ukraine **6** **$1M** median round **Sept 2015** last seen
- 6 [Angel One](https://millionrounds.com/fund/angel-one) *Deploying now* Angel network · Ukraine **5** **$2.1M** median round **Sept 2026** last seen
- 7 [WannaBiz](https://millionrounds.com/fund/wannabiz) quiet VC firm · Ukraine **5** **$50K** median round **Oct 2014** last seen
- 8 [CIG](https://millionrounds.com/fund/chernovetskyi-investment-group) quiet Family office · Ukraine **2** **$1.8M** median round **Sept 2015** last seen
- 9 [Dragon Capital](https://millionrounds.com/fund/dragon-capital) quiet VC firm · Ukraine **2** **$7.8M** median round **Oct 2025** last seen
- 10 [Digital Future](https://millionrounds.com/fund/digitalfuture) quiet VC firm · Ukraine **1** **$50K** median round **Dec 2014** last seen
- 11 [ICU Ventures](https://millionrounds.com/fund/icu-ventures) quiet Corporate VC · Ukraine **1** **$16M** median round **Feb 2025** last seen
- 12 [Roosh](https://millionrounds.com/fund/roosh) *Deploying now* Venture studio · Ukraine **1** **$21M** median round **Nov 2026** last seen
- 13 [SD Capital](https://millionrounds.com/fund/sd-capital) quiet Private equity · Ukraine **1** **$3M** median round **-** last seen
- 14 [Sigma Software Labs](https://millionrounds.com/fund/sigma-software-labs) quiet Accelerator · Ukraine **1** **$3M** median round **-** last seen
- 15 [TAS Group](https://millionrounds.com/fund/tas-group) quiet Family office · Ukraine **1** **$3M** median round **Aug 2019** last seen
- 16 [United Angels Network](https://millionrounds.com/fund/united-angels-network) quiet Angel network · Ukraine **1** **$1M** median round **Sept 2025** last seen
- 17 [Vesna Capital](https://millionrounds.com/fund/vesna-capital) *Deploying now* VC firm · Ukraine **1** **$2.7M** median round **Aug 2026** last seen
- 18 [hi5 Ventures](https://millionrounds.com/fund/hi5-ventures) *Deploying now* VC firm · Ukraine **1** **$6M** median round **Oct 2026** last seen
- 19 [AZ Ventures](https://millionrounds.com/fund/az-ventures) quiet VC firm · Ukraine **1** **$9M** median round **Oct 2023** last seen
- 20 [GR Capital](https://millionrounds.com/fund/gr-capital) quiet VC firm · Ukraine **1** **$20M** median round **Oct 2019** last seen
- 21 [1991 Charity Fund](https://millionrounds.com/fund/1991-charity-fund) unknown Investment firm · Ukraine **none observed** **-** median round **-** last seen
- 22 [1st Family Office](https://millionrounds.com/fund/1st-family-office) unknown Family office · Ukraine **none observed** **-** median round **-** last seen
- 23 [6037](https://millionrounds.com/fund/6037) unknown Venture studio · Ukraine **none observed** **-** median round **-** last seen
- 24 [7 Wings](https://millionrounds.com/fund/7-wings) unknown Investment firm · Ukraine **none observed** **-** median round **-** last seen
- 25 [727.ventures](https://millionrounds.com/fund/727-ventures) unknown Venture studio · Ukraine **none observed** **-** median round **-** last seen

**188 more on this list**

All 213 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-ukraine)

## The Newest Cheques

Rounds this list's investors joined most recently

- **5** Nov **[Numica](https://millionrounds.com/company/numica)** Growth · $21M *With* [Roosh](https://millionrounds.com/fund/roosh)
- **6** Oct **[Comparables.ai](https://millionrounds.com/company/comparables-ai)** Seed · $6M *With* [hi5 Ventures](https://millionrounds.com/fund/hi5-ventures)
- **30** Sept **[DOD Solution](https://millionrounds.com/company/dod-solution)** Pre-seed · $2.1M *With* [Angel One](https://millionrounds.com/fund/angel-one)
- **18** Sept **MIND** Series B · $72M *With* [TA Ventures](https://millionrounds.com/fund/ta-ventures)
- **24** Aug **[Embedd](https://millionrounds.com/company/embedd)** Pre-seed · $2.7M *With* [Vesna Capital](https://millionrounds.com/fund/vesna-capital)
- **15** Jul **[Vigilant Works](https://millionrounds.com/company/vigilant-works)** Round *Led by* [Angel One](https://millionrounds.com/fund/angel-one)

## Stages This Year

19 rounds

- Seed **26%**
- Series B **16%**
- Pre-seed **11%**
- Series A **11%**
- Venture **11%**
- Other **26%**

## What They Backed

Sectors, last 12 months

- AI **14**
- Energy **3**
- Robotics **2**
- Big Data & Analytics **2**
- Defence Tech **2**
- SaaS **2**

## Cheques by Quarter

Led Joined

11 Q1 25

12 Q2 25

7 Q3 25

3 Q4 25

7 Q1 26

5 Q2 26

5 Q3 26

2 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [Investors based in United States 73,439](https://millionrounds.com/lists/investors-based-in-united-states)
- [Investors based in United Kingdom 8,136](https://millionrounds.com/lists/investors-based-in-united-kingdom)
- [Investors based in Canada 3,879](https://millionrounds.com/lists/investors-based-in-canada)
- [Investors based in India 3,865](https://millionrounds.com/lists/investors-based-in-india)
- [Investors based in Germany 3,455](https://millionrounds.com/lists/investors-based-in-germany)
- [Investors based in China 3,027](https://millionrounds.com/lists/investors-based-in-china)
- [Investors based in United Arab Emirates 2,916](https://millionrounds.com/lists/investors-based-in-united-arab-emirates)
- [Investors based in Australia 2,592](https://millionrounds.com/lists/investors-based-in-australia)
- [Investors based in France 2,280](https://millionrounds.com/lists/investors-based-in-france)

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

## Quick answers about investors based in Ukraine

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

By cheques observed, the most active are TA Ventures, ZBS CAPITAL, Ukrainian Startup Fund, AVentures Capital and SMRK VC Fund.

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

213 are on record. 3% made an investment in the last 12 months.

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

Of the rounds with a named stage in the last 12 months, mostly Seed (36%) and Series B (21%).

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

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

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

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

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

Recent rounds include Numica (Growth, Nov 2026, with Roosh), Comparables.ai (Seed, Oct 2026, with hi5 Ventures) and DOD Solution (Pre-seed, Sept 2026, with Angel One).

### How is this list of investors based in Ukraine 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 213 investors based in Ukraine?

The top 25 are here. All 213 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)