To support Ukraine’s economic resilience in times of geopolitical tensions, adverse demographics, and low investment rates, SIFEM commits USD 15m to Horizon Capital Growth Fund IV (HCGF IV) managed by Horizon Capital, a leading private equity firm in emerging European markets. The Fund invests in fast-growing tech and export-oriented medium-sized enterprises in Ukraine and Moldova.
SIFEM’s investment will provide capital to an economy where financing has almost fully dried up. Still, the tech sector has proven to be resilient and plays a crucial role in job creation and security. Also, the women-led Fund Manager is expected to contribute further to women’s economic empowerment and gender parity in the local IT sector.
SIFEM invests alongside other DFIs such as European Bank for Reconstruction and Development (EBRD), International Finance Corporation (IFC), Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG), Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO), as well as Western NIS Enterprise Fund (WNISEF) and the Zero Gap Fund, an impact investing collaboration between The Rockefeller Foundation and the John D. and Catherine T. MacArthur Foundation.