Angel One, an angel venture fund, is starting to operate in Ukraine, which will invest in Ukrainian startups at the pre-seed and seed stages. Angel One will launch with a net worth of $1.5 million and continue its fundraising campaign in Ukraine and around the world. The fund's goal is to develop a startup culture in Ukraine and help Ukrainian startups implement their ideas.
Angel One Venture Fund was created by the UCU Foundation. The decision to support the teams at an early stage was made at the end of 2021. Then they raised funds for start-up capital. The fund will invest in Ukrainian startups from various industries in the amount of 50,000 to 200,000 US dollars. The focus will be on industries such as FinTech, SaaS, EdTech, AI/ML. However, a third of the investment will go to Edtech startups and those who seek to make a significant impact on solving global problems.
Ivan Petrenko, Managing Partner of Angel One, shared: "Over the past few years, we have seen the startup industry in Ukraine grow rapidly. More and more Ukrainian startups are becoming successful in global markets. It inspires young people to create their own startups and launch their products. And we believe that investing at the earliest stages (pre-seed) is exactly what our startup ecosystem lacks. With this mission, Angel One was created – we want to help startups grow and enter global markets."
According to Adrian Slywotzky, member of the Angel One Advisory Board: "Since 2007/2008, there has been a large bottom-up startup movement in Ukraine. In every major city of Ukraine. Moreover, this movement intensified during the war. These young people are building a new Ukrainian economy. Angel One will help them significantly increase their chances of success and the pace of their development. We invite everyone to join us, because the current realities need to change. As Steve said, "Leave an imprint on the universe." Ukrainian startups are capable of it, and they will do it."
Ukrainian angel venture fund Angel One will accompany startups throughout the entire period of their development. The fund will provide the necessary capital, contacts with entrepreneurial and venture communities, as well as, last but not least, expertise in management and marketing to bring products and services to global markets. Angel One will work closely with the founders to help them advance to the next round of funding and beyond.