Fundraising Fox

Dnipro

Venture capital

Palo Alto · Seed–Series A · 27 people tracked

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Investment thesis

Dnipro invests in early-stage global founders advancing artificial intelligence and cybersecurity. On the AI side, the firm backs technologies that enhance automation, improve decision-making, and build intelligent systems across industries. In cybersecurity, it supports solutions that safeguard data, secure networks, and defend against evolving threats. Operating from the heart of Silicon Valley, Dnipro pairs funding with hands-on support and a broad advisor network to help exceptional entrepreneurs scale.

Source: firm website, verified Aug 11, 2026.

Stage
Seed–Series A
HQ
Palo Alto, California, US
Instruments
Equity
Founded
2024
Tracked investments
44

Team · 27 people

from the firm's website & public directories
Alina Zagaytova· Strategic Advisor
Andy Kurtzig· Strategic Advisor
Angelika Blendstrup· Strategic Advisor
Arsen Kostenko· AI Advisor
Artem Petakov· Strategic Advisor
Ben Renda· Trust & Safety Advisor
Dave Willner· AI Policy Advisor
Dmytro Dzhulgakov· AI Advisor
Dmytro Zaporozhets· Strategic Advisor
Gerhard Eschelbeck· Cybersecurity Advisor
Igor Krivokon· AI Advisor
Irene Barvi· Investorin
Jeff Wu· Cybersecurity Advisor
Joe Levy· Strategic Advisor
Katherine Kostereva· Strategic Advisor
Kira Makagon· Strategic Advisor𝕏
Larry Augustin· Strategic Advisor
Marten Mickos· Cybersecurity Advisor
Oleg Kolesnikov· Cybersecurity Advisor
Oliver Friedrichs· Cybersecurity Advisor
Volodymyr Kuleshov· AI Advisor
Yevgeniy Dodis· AI Advisor
Roma Romaniv· Associatein

Founder mafia

2 people who came through Dnipro went on to found or lead other companies.

What they invest in

from 31 of 44 portfolio companies

AI & Machine Learning ×19SaaS ×14Enterprise Software ×11Cybersecurity ×5Developer Tools ×5Fintech ×5Healthtech ×4Data & Infrastructure ×3

HQs:United States×16Ukraine×2Estonia×1

Who they back

founder profiles across 22 portfolio companies
50%
solo founders
11 of 22 mapped founding teams
31%
repeat founders
of 13 founders with career history

Founding team size:solo founder×112 founders×53 founders×54+ founders×1

Where their founders studiedfrom 11 founders with education data

University of Waterloo ×2

Where their founders worked beforefrom 13 founders with career history

Meta ×2UC San Diego ×2Yale University ×2Yale University School of Medicine ×2

Accelerator rootsportfolio companies that came through a program

Y Combinator ×5Techstars ×3

Investments · 44 tracked

founders shown can be your intro path

By year:2025 · 12024 · 12018 · 13 dated

Applovin (Exit)applovin.comin𝕏NASDAQ: APPAug 2018

AppLovin operates a mobile advertising platform that helps businesses scale their products and marketing.

AdTechGamingMarketing TechPalo Alto, US

Adam Foroughi(Executive Officer, Director)Eduardo Vivas(Director)Maggie Jin(Executive Officer)

BoardHerald Chen(Director)

Co-investorsAUTHENTIC VENTURESFlex Capital PartnersNimble PartnersStreamlined VenturesWebb Investment NetworkGriffin Gaming Partners

Uberuber.comin𝕏NYSE: UBER

Uber operates a multi-sided platform providing ride-sharing, food delivery, freight logistics, and business fleet management services across various global markets.

Logistics & Supply ChainMarketplacesMobility & TransportationSan Francisco, US

Travis Kalanick(Co-founder & CEO)Garrett Camp(Co-founder)

Co-investors137 Ventures408 VenturesA*Across Capital PartnersAglae VenturesAkkadian Ventures+63 more

12New12new.aiin𝕏

Provides AI agents that automate procurement tasks including sourcing suppliers, negotiating prices and terms, comparing bids, and reviewing contracts to detect hidden risks and verify supplier compliance.

AI & Machine LearningEnterprise SoftwareSaaS

A20Lab

AI agents for procurement and compliance

AppLovin
AtlasGridatlasgrid.aiin𝕏

Atlas Grid provides data contextualization and access services.

Data & InfrastructureDeveloper ToolsEnterprise SoftwareSan Francisco, US

Oleg Kostour(Founder)inAram Aghababyan(Founder)inAnton Krutiansky(Founder)in

Co-investorsGarage CapitalSterling RoadY Combinator

AttackIQattackiq.comin𝕏

AttackIQ provides automated red team exercise software that scales security testing across organizations without increasing headcount.

CybersecurityEnterprise SoftwareLos Altos, US

Rajesh Sharma(Executive Officer, Director)Brett Galloway(Executive Officer, Director)Danielle Murcray(Executive Officer)

BoardKevin Dillon(Director)Shardul Shah(Director)inBrian Byun(Director)in

Co-investors408 VenturesBeyond CapitalIndex VenturesKeshif VenturesTitanium VenturesVoyager Capital+3 more

BeeSafe AIbeesafe.aiin

BeeSafe AI operates a fraud prevention platform that identifies mule accounts and fraudulent infrastructure by engaging directly with scammers in real-time.

AI & Machine LearningCybersecurityEnterprise SoftwareFintechSan Francisco, US

Daniel Spokoyny(Founder & CEO)inAriana Mirian(Founder)inNikolai Vogler(Founder)in

Co-investorsDG Daiwa VenturesY Combinator

BuildCheckbuildcheck.aiin

Buildcheck provides a web application that scans architectural and construction drawings and specifications to detect errors, omissions, and inconsistencies before they become field problems.

AI & Machine LearningConstruction TechSaaS

Co-investorsXfund

BuildCheck AI

Construction document review for error prevention

Cardamon

Compliance automation for regulated financial institutions

Cequence
Cequence Securitycequence.aiin𝕏

Cequence Security protects web, mobile, and API applications and governs AI agent activity for large enterprises.

Ameya Talwalkar(Founder)in

Co-investorsCerity Partners VenturesIcon VenturesKPN VenturesMenlo VenturesMonta Vista CapitalProsperity7 Ventures+4 more

ComplexChaoscomplexchaos.aiin

Strategic alignment for globally distributed teams

Co-investorsNewtopia VC

Crosscheckcrossxcheck.comin

Crosscheck helps organizations prepare for regulatory and supply chain certifications (ISCC, GMP+, FSC, EUDR, etc.) by aggregating supplier and company documentation, using AI for compliance analysis, and coordinating with certification experts.

AI & Machine LearningEnterprise SoftwareNew York City, US

Bohdan Dreihaupt(Co-Founder)Nikita Fordui(Co-Founder)

Co-investorsTechstars

Deskreedeskree.comin𝕏

Tetrix builds a knowledge graph that maps a software system's source code, cloud infrastructure, service topologies, and engineering standards into a persistent, searchable context for AI.

AI & Machine LearningData & InfrastructureDeveloper Tools

Co-investorsFlair VenturesFlyer One VenturesTachles VCLOI Venture

Eclypsiumeclypsium.comin𝕏

Eclypsium provides hardware and firmware security solutions for enterprises to identify and address vulnerabilities in chips, low-level code, and digital supply chains.

CybersecurityDefense TechEnterprise SoftwareHardwarePortland, US

Yuriy Bulygin(Co-founder)Alex Bazhaniuk(Co-founder)Alex B(Founder)John Ewert(Executive Officer)

BoardAlex Doll(Director)inTimothy Porter(Director)in

Co-investorsAlumni VenturesAndreessen HorowitzAV8 VenturesaVentureBasecamp FundGlobal Brain+13 more

Empatempat.techin𝕏

Empat is a software development agency operating since 2013 that builds AI-driven products and offers services including custom AI development, CTO-as-a-service, mobile app development, and fintech software development.

AI & Machine LearningDeveloper ToolsFuture of Work

Field Completefieldcomplete.com

Field Complete is an ERP platform for home services contractors that handles scheduling, dispatch, job management, estimates, invoicing, and integrated payments and card processing.

Construction TechFintechSaaSAtlanta, US

Roman Rusev(Executive Officer, Director)inSergey Glushchak(Founder)inTimofey Tyslyuk(Director)

Co-investorsChampion Hill VenturesNotation CapitalSID Venture PartnersWonder Ventures

Flowstepflowstep.aiin𝕏

Flowstep builds an AI-powered design tool that converts text descriptions into editable UI, using its "Imagination Algorithm." It is aimed at product teams looking to align and ship designs faster.

AI & Machine LearningDeveloper ToolsSaaSTallinn, EE

Svyatoslav Polishchuk(Founder)

Co-investorsSupernode GlobalTera VenturesIron Wolf CapitalSpecialist VC

Futureprinciplefutureprinciple.comin𝕏

Principle is a simulation engine that models a user's business environment to test decisions such as market entries, competitor moves, acquisitions, or regulatory shifts against a range of plausible future scenarios.

AI & Machine LearningEnterprise SoftwareSaaS

Anton Polishko(Founder)

HealthHelperhealthhelper.coin

HealthHelper provides AI-powered automation combined with white-labeled coordinators that integrate with a practice's EHR to handle patient outreach, care scheduling, care gap closure, and care management.

AI & Machine LearningDigital HealthHealthtech

Josh Kahane(Chief Executive Officer & Co-Founder)Jake Kahane(Chief Product Officer & Co-Founder)Vlad Lipunov(Chief Technology Officer & Co-Founder)

Hellotheahellothea.ai

Thea offers an app with AI-driven guidance for aesthetic skincare, covering concerns such as acne, anti-aging, peptides, over-the-counter products, and laser treatments.

AI & Machine LearningConsumerWellness & Fitness

Co-investorsCartan Capital

Instockinstock.com

InStock develops software-driven goods-to-person robotics and automation systems for eCommerce fulfillment operations.

E-commerceLogistics & Supply ChainRoboticsSaaSSan Carlos, US

Yegor Anchyshkin(Executive Officer, Director)Victor Smetaniuk(Director)

Co-investorsCommerce VenturesOne Way VenturesCybernetix VenturesLux Capitalu.ventures

Lamar Healthlamarhealth.comin

Lamar Health provides workflow automation software for specialty pharmacies and infusion organizations, enabling teams to manage prior authorization processes and patient access workflows.

AI & Machine LearningHealthtechMedia & EntertainmentSaaSSan Francisco, US

Eesha Sharma(Founder)in

Co-investorsHealthy VenturesY Combinator

Let's Enhanceletsenhance.ioin𝕏

LetsEnhance is an AI-powered image upscaler and enhancement tool that increases photo resolution up to 16x and corrects color, sharpness, and lighting without artificial-looking processing.

AI & Machine LearningConsumerSaaSKyiv, UA

Sofi Shvets(Founder)

Co-investorsSID Venture PartnersTechstarsAcrobator Ventures

Liki24liki24.com

Co-investorsFlyer One VenturesHorizon Capital

Meridianmeridian-ai.comin

Meridian is a CRM and data platform for venture capital and investment firms that centralizes deal history, automates workflow logging, and enriches records with a bundled database of 26 million company records and verified contacts.

AI & Machine LearningFintechSaaS

Alex Sen(Founder & CEO)inAlex Zagoro(Chief Technology Officer)in

Co-investors645 VenturesAndreessen Horowitz

NeoLensneolens.aiin

Neolens builds technology tools to help mechanics maintain foreign-made military equipment, developed through customer discovery with defense stakeholders.

AI & Machine LearningDeep TechDefense TechEnterprise Software

James(Co-founder)inOstap Korkuna(Co-founder)in

Oliveolive.legal

Olive uses AI to convert large, unstructured medical records into a date-ordered chronology with summaries and tables, flagging relevant pre-injury medical events and cross-referencing medical bills to detect missing records.

AI & Machine LearningLegalTechSaaS

Olive LegalAug 2025

Medical record chronologies for personal injury lawyers

Somerville, US

Brian Thurber(Executive Officer)Trevor Arashiro(Executive Officer)Greg Volynsky(Director)

People.aipeople.aiin𝕏

People.ai builds AI-powered insights for revenue teams to analyze deal pipelines and provide actionable answers about sales performance based on a company's own deal history.

AI & Machine LearningEnterprise SoftwareSaaSSales TechSan Francisco, US

Oleg Rogynskyy(Founder/CEO)in

Co-investorsAkkadian VenturesFrontline VenturesNotable CapitalUpVentures CapitalY CombinatorZillionize+4 more

PeopleForcepeopleforce.ioin𝕏

PeopleForce is an HR management platform that automates tasks such as onboarding, offboarding, time tracking, applicant tracking, performance reviews, and employee engagement surveys.

Future of WorkHR TechSaaS

Co-investorsChicago VenturesRLC VenturesSturgeon Capitalu.ventures

Phasesphases.aiin

Phases provides AI-powered oversight for clinical trials, using automated agents to detect operational issues, maintain data standards, and ensure regulatory compliance without manual intervention.

AI & Machine LearningHealthtechSan Francisco, US

James Wall(Co-founder & CEO)inAnton Zaliznyi(Co-founder & Chief AI Officer)inJonathan van Wersch(Co-founder & CTO)in

Co-investorsTRAC (Third Round Analytics Capital)Y Combinator

Principle

Simulating competitors and markets to pressure-test strategy

Ravenraven.ioin𝕏

Raven.io provides code security analysis that detects deployment issues and supports "shift left" development practices to improve production security posture.

Cloud ComputingCybersecurityDeveloper Tools

RoiinGuyinOmerin

Co-investorsNorwest Venture PartnersUpWest

Respeecherrespeecher.comin𝕏

Respeecher develops proprietary deep learning technology to create high-quality synthetic speech for filmmakers, game developers, advertisers, podcasters, and content creators.

AI & Machine LearningCreator EconomyGamingMedia & EntertainmentSaaSKyiv, UA

Oleksandr Serduik(Executive Officer, Director, Promoter)Grant Reaber(Executive Officer, Director, Promoter)Alex Serdiuk(Founder)in

BoardJohn Frankel(Director)

Co-investorsBADideas.fundCathexis VenturesHartmann CapitalICU VenturesSID Venture PartnersTechstars+2 more

Revalia

Human tissue testing for pharmaceutical development

Revalia Bio, Inc.revaliabio.comin𝕏Oct 2024

Revalia Bio uses AI to convert donated human organs and tissues into multi-modal biological datasets and decision-ready insights for drug and device development.

AI & Machine LearningBiotechHealthtechNew Haven, US

Greg Tietjen(Co-Founder & Chief Executive Officer)inJenna DiRito(Co-Founder)Kourosh Saeb-Parsy(Co-Founder)Helen Hughes(Co-Founder & Chief People Officer)Peter Buniak(Co-Founder & Advisor)Jenna DiRito, PhD(Founder)in

Co-investorsAmerica's Frontier FundConnecticut InnovationsSierra VenturesBoxOne VenturesEntrepreneur First

Spendbasespendbase.coin

Spendbase builds a multi-product fintech platform that helps companies control and optimize their spending and operations.

Enterprise SoftwareFintechSaaS

Thea

AI skin scanning and personalized product recommendations

Very Good Securityverygoodsecurity.comin

VGS is a payment tokenization and credential management platform that secures sensitive payment data for Fortune 500 companies, merchants, fintechs, and banks.

CybersecurityData & InfrastructureEnterprise SoftwareFintech

Marshall Jones(CTO & Co-Founder)in

Co-investors408 VenturesAndreessen HorowitzBrighter CapitalGMO VenturePartnersGraph VenturesNyca+6 more

ZeroAvia x-tech-roboticszeroavia.comin𝕏

ZeroAvia develops hydrogen-electric powertrain technology for aircraft, aiming to enable zero-emission aviation.

CleantechClimate TechDeep TechMobility & TransportationHollister, US

Valery Miftakhov(Executive Officer, Director, Promoter)Sergey Kiselev(Director)inJames McMicking(Chief Strategy Officer)in

BoardGeoff Eisenberg(Director)inMatt Eggers(Director)inChristine Ourmieres-Widener(Director)

Co-investorsAP VenturesBreakthrough Energy VenturesEcosystem Integrity FundHorizons VenturesScottish National Investment BankSGH Capital+8 more

Exits · 2

IPOs and acquisitions across the tracked portfolio

Applovin (Exit)NASDAQ: APPUberNYSE: UBER

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Dnipro made?
Dnipro has 44 tracked investments, 1 of which have exited via acquisition or IPO, including 2 dated in the last 24 months.
What stage does Dnipro invest at?
Dnipro invests at the Seed, Series A stages.
What sectors does Dnipro focus on?
Dnipro focuses on AI & Machine Learning, Cybersecurity.
Where is Dnipro located?
Dnipro is headquartered in Palo Alto, US.
Who does Dnipro co-invest with?
Dnipro most often shares deals with Y Combinator, SID Venture Partners, Techstars, among 108 tracked co-investors.

Images

Dnipro photo

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