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Ukrainian Aventures launches $50m high-tech fund

Ukrainian venture capital firm Aventures has launched a $50m technology fund, with commitments already secured from a number of local investors and one US investor. Aventures is co-sponsoring the fund with the National Space Agency of Ukraine and several other Ukrainian government agencies.

The fund will invest in innovative companies across a diversified spectrum of high-tech sectors in Ukraine. It will focus on dynamically growing tech-based companies that have potential to become market leaders in the region and that produce innovative products for Western markets.

As part of its fundraising efforts, Aventures is going out on a road show to the US in November this year to secure further commitments from US investors. The firm will be bringing about 20 of the fund's potential investee companies to the US to present them to potential investors.

‘We have had a great start with the support from local investors and we are looking to get commitments from a number of US and European investors,' said Aventure's president and CEO, Andriy Kolodyuk. ‘Therefore, after the US, we will continue our road show in the UK, Germany and other European countries at the beginning of next year.'

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