Horizon Capital
Private equityKyiv · Growth · 25 people tracked
Investment thesis
Horizon Capital provides growth and buyout capital to fast-growing, export-oriented companies leveraging Central and Eastern Europe's cost-competitive advantages to generate global revenues, alongside select domestic champions in Ukraine and Moldova. Its strategy centers on backing visionary entrepreneurs building tech, IT and export-driven businesses, transforming local leaders into regional and global champions. More recent vehicles include a growth fund for tech and export companies and a reconstruction-focused Catalyst Fund making minority investments in asset-heavy essential sectors such as energy, digital infrastructure and construction. The firm emphasizes high governance standards, integrity, value creation and responsible investing aligned with international institutional investors.
Source: firm website, verified Sep 1, 2026.
Team · 25 people
from the firm's website
What they invest in
from 7 of 21 portfolio companiesAI & Machine Learning ×7Enterprise Software ×4SaaS ×4Cloud Computing ×2Developer Tools ×2EdTech ×2B2B Marketplaces ×1Consumer ×1
HQs:United States×3Ukraine×2
Investments · 21 tracked
founders shown can be your intro pathAjax Systems produces wired and wireless intrusion protection devices for professional security installations, offered through two product lines: Baseline for general projects and Ajax Superior for advanced, high-security applications that require partner accreditation and training.
AI & Machine LearningCybersecurityEnterprise SoftwareHardwareIoT
Co-investorsEndeavor CatalystEcoR1 Capital
Leading pharma manufacturer (exited).
Ciklum is a global product engineering and digital services company that combines software development, human-centered design, and applied AI to build digital products for clients.
AI & Machine LearningDeveloper ToolsEnterprise SoftwareFuture of Work
Raj Radhakrishnan(Chief Executive Officer)Anjan Sur(Chief Financial Officer & Chief Operating Officer)inPetr Lukasik(Chief Digital Officer)Robert Easter(Chief Revenue Officer)Sathishkumar Soundararajan(Chief Growth Officer)
Co-investorsAVentures Capital
Creatio is an AI-native CRM and workflow automation platform that enables users to build agents and applications through AI coding agents and no-code visual designers.
AI & Machine LearningCloud ComputingEnterprise SoftwareSaaSBoston, US
Katherine Kostereva(Executive Officer, Director)in
BoardRajeev Dham(Director)inSean Cantwell(Director)inRoger Hurwitz(Director)inJD Sherman(Director)Denis Tafintsev(Director)
Co-investorsSapphire VenturesVolition Capital
#1 B2B fixed telecom operator in Ukraine.
Household goods producer (exited).
Leading Moldovan glass company (exited).
Global edtech company democratizing engineering education.
HOLYWATER TECH is an AI-first entertainment company that produces short-form vertical video series, including microdramas, and offers a book marketplace for global audiences.
AI & Machine LearningConsumerMedia & EntertainmentKyiv, UA
Intellias is an AI-enabled product engineering and digital solutions company that builds custom digital products and provides engineering services for clients across mobility, healthcare and life sciences, financial services and insurance, and retail.
AI & Machine LearningCloud ComputingData & InfrastructureDeveloper ToolsEnterprise SoftwareSaaS
Co-investorsDniproFlyer One Ventures
#1 commercial bank in Moldova.
Niche e-commerce champion for beauty products.
Global IT services and consulting company.
Preply is a language learning platform that serves corporate employees through its B2B offering Preply Business, enabling companies to provide language education to their workforce.
AI & Machine LearningB2B MarketplacesEdTechHR TechMarketplacesSaaSBrighton, US
Dmytro Voloshyn(Director)inKyrylo Bigay(Executive Officer, Director)Kirill Bigai(Co-Founder and Chief Executive Officer)inSergey Lukyanov(Former Co-Founder)inCharlie Wickers(Executive Officer)inBoris Shakhnovich(Executive Officer)
Co-investorsAcurio VenturesCogito Capital PartnersEducapitalEvli Growth PartnersFlashpoint Venture CapitalFull In Partners+9 more
Exited (IPO): leading wine producer in CEE.
Portfolio news
latest coverage across their companiesAjax · durhamradionews.com · Aug 22, 2026
Creatio · siliconangle.com · Jul 17, 2026
Preply · techcrunch.com · Jul 5, 2026
Frequently asked questions
- How many investments has Horizon Capital made?
- Horizon Capital has 21 tracked investments.
- What stage does Horizon Capital invest at?
- Horizon Capital invests at the Growth stage.
- What sectors does Horizon Capital focus on?
- Horizon Capital focuses on Advanced Manufacturing, AgTech, AI & Machine Learning, Construction Tech, E-commerce, EdTech, Energy, Enterprise Software, Fintech, FoodTech, Marketplaces, Media & Entertainment, SaaS, Sector Agnostic.
- Where is Horizon Capital located?
- Horizon Capital is headquartered in Kyiv, UA.
- Who does Horizon Capital co-invest with?
- Horizon Capital most often shares deals with Hoxton Ventures, One Way Ventures, Owl Ventures, among 18 tracked co-investors.
Media · Podcasts & interviews
featuring the team2024 Tryzub Awards honour Lenna Koszarny CEO of Horizon Capital with Leadership Award
Kontakt Ukrainian TV · Lenna Koszarny
Lenna Koszarny, AmCham Ukraine Board of Directors Chair, Founding Partner & CEO of Horizon Capital
ChamberUkraine · Lenna Koszarny
Lenna Koszarny, CEO Horizon Capital at Ukrainian House
Kontakt Ukrainian TV · Lenna Koszarny
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