The Ukrainian venture fund SID Venture Partners has invested in three promising American startups: Iris Finance, Vendora and Relari, working in the fields of e-commerce, revenue control using artificial intelligence, and development of platforms for simulating generative AI models.
New investments
Artificial intelligence and optimization
SID Venture Partners, the leading Ukrainian venture capital fund, joined the financing of three newest startups with founders from the USA. Among them are Iris Finance - a platform for monitoring and forecasting the profits of consumer goods brands using artificial intelligence, Vendora - a SaaS solution for optimizing delivery and increasing online sales of retailers, as well as Relari - an open source platform for modeling, testing and validating products with generative AI models.
Expanding the geography of investments
General partner of the fund Dmytro Vartanyan noted that the priority of SID Venture Partners there are companies with Ukrainian founders, but the fund is also looking for promising projects in other markets, in particular in the USA. The partners have significant experience in America, which helps to expand the geography of investments. According to Vartanyan, the startups invested in are working in very promising markets.
Continuation of investment activity
Despite the difficult situation in Ukraine due to the full-scale war, SID Venture Partners continues to actively invest. According to Dmytro Vartanyan, since the beginning of the Russian invasion, the fund has concluded 22 deals, investing about $4.5 million. Previously, the fund was recognized as the best investor in Ukraine by Ukrainian Startup Funds and Startup Awards by Lift99. Currently, it has more than 20 portfolio startups and 13 partners.
Glossary
- SID Venture Partners is a leading Ukrainian venture fund founded in 2021 by a number of IT companies.
- Iris Finance - a platform for controlling and planning the profits of consumer goods brands using artificial intelligence.
- Vendora is a SaaS platform for optimizing delivery and increasing online sales of retailers.
- Relari is an open source platform for modeling, testing and validating products with generative AI models.
- Y Combinator is a well-known American acceleration program for startups, through which Vendora and Relari passed.
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Discussion of the topic – SID Venture Partners: Ukrainian investor with a US focus
Ukrainian venture fund SID Venture Partners invested in three startups with American founders: Iris Finance, Vendora and Relari. This deal was the first for a fund with exclusively American founders.
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Степан
Great news about SID Venture Partners' investments in promising new startups! I'm particularly interested in Iris Finance 🤖💰 - their AI for optimizing brand profits sounds extremely relevant in the age of digital transformation.
Оксана
Yes, it is really exciting! I heard about Iris from a colleague who works with clean.io - they say their tools have helped greatly improve the marketing of the product. It's interesting to see how they apply AI in this field 🔥
Євген
But Vendora interests me as an online store owner. Optimizing delivery and increasing sales is a must-have for any online retailer. I will follow their development 📦🛒
Грегор
Don't you guys think there's too much hype about yet another silly startup? 🙄 It's AI for profit, it's delivery optimization... Wouldn't it be better to focus on something really useful, like growing organic products or community development?
Анна
Let's not be too skeptical, Gregor! 😄 Technology opens up new opportunities in various fields, and I advise you not to dismiss them in a hurry. Take at least Relari - their open source platform for testing GenAI sounds very promising for the development of this revolutionary technology.
Ігор
I am personally impressed that SID Venture Partners invests not only in Ukrainian startups. This opens up new horizons for cooperation and exchange of experience at the international level. 🌍 It will be interesting to see how their portfolio companies will develop in the coming years.
Марта
I agree with Igor! I read that the founders of Relari are graduates of Y Combinator and former employees of NVIDIA. The combination of technical expertise and the support of a well-known accelerator is a powerful cocktail for success. 🚀 I will be happy to follow their achievements.
Михайло
And I am attracted by the fact that among the new portfolio companies there are startups from various fields - from e-commerce to AI. This shows the foresight of investors and the desire to diversify risks. 📈 It will be interesting to watch how these diverse projects will develop in the future!