AVentures Capital, investing in innovative companies at initial phases, in the past 18 months (as of mid-December 2017) invested over $3.5 million in seven Ukrainian companies.
Managing partner of AVentures Andriy Kolodiuk told reporters on Thursday that average receipt of the fund starts from $500,000, and investment in companies during their expansion – up to $1.5 million.
Kolodiuk said that in 12 months the fund invested $500,000 each in Spinbackup and Bookimed (initial investment), around $500,000 in Teamfusion, invested its part in Petcube, the total volume of the round was $10 million (additional financing).
“Three more deals for $500,000-$1.5 million remain secret, including with two companies at the growth phase with over 100 employees. These are conditions of our contrast with them regarding confidentiality of some information,” Kolodiuk said.
He said that in most projects the fund was a first investor. The fund also helped actively attract financing from other investment funds (in particular, for Petcube AVentures helped to raise $8 million in 2017).
Kolodiuk said that the fund plans to close two or three more new deals in 2018 (in H1 2018), and active negotiations are being held with a dozen companies.
