SMG Capital: a new venture fund of Ukrainian origin for $10 million

A new venture capital fund SMG Capital has started its work in Ukraine with a volume of 10 million dollars to support Ukrainian startups founded in Ukraine. Partner Oleksandr Shinkarev shared that the fund was raised 50% from own and partner funds and is based on three venture funds from the USA, Europe and Ukraine. SMG Capital is focused on investing in Ukrainian companies targeting the American market. It is planned to invest in 100 technology startups in the early stages of development. In addition, a three-month program for startup enthusiasts has been launched, which aims to prepare participants to successfully launch their own startups, join existing projects or create teams for future startups," says Oleksandr Shinkarev, managing partner of the fund. SMG Builder, which is part of part of SMG Capital, offers an investment of $25,000, the opportunity to become a co-founder, combine a team and receive guidance from an international company. Prospective partners will also have the opportunity to become co-founders, mentors or consultants to help startups enter the US market. Fond SMG Capital was was legally established in 2021, but only really began its work this year after a full-scale launch.

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Discussion of the topic – SMG Capital: a new venture fund of Ukrainian origin for $10 million

2024-02-20

The Ukrainian venture fund SMG Capital launched with $10 million for startup founders. Learn about its development and goals.

Larisa Shishkova
Larisa Shishkova Copywriter Elbuz

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