Fundraising Fox

Horizon Capital

Private equity

Kyiv · Growth · 25 people tracked

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Investment thesis

Horizon Capital invests growth and expansion capital in fast-growing, export-oriented companies in Ukraine, Moldova and the broader CEE region, leveraging the region's cost-competitive advantage to generate global revenues. The firm backs strong companies led by visionary entrepreneurs, focusing primarily on technology and export champions, as well as select domestic leaders. Its newer Catalyst Fund targets minority investments alongside lead partners in Ukraine's essential asset-heavy sectors such as energy, digital infrastructure and construction, addressing the critical equity capital shortage tied to reconstruction. The firm emphasizes transparency, integrity, strong corporate governance, and responsible investment aligned with ESG and IFC standards.

Source: firm website, verified Aug 11, 2026.

Stage
Growth
HQ
Kyiv, UA
Instruments
Equity
Founded
2006
AUM
$1.8B
Tracked investments
21

Team · 25 people

from the firm's website
Lenna Koszarny· Founding Partner & CEO

Founding Partner and CEO of Horizon Capital with over 30 years based in Ukraine.

Dmytro Zabigaylo· Partner, General Counsel
Bohdan Svyrydov· Principal

Promoted to Principal at Horizon Capital in May 2026.

Denys Sychkov· Principal
Hanna Shuvalova· Principal
Maksym Kuznetsov· Principal

Promoted to Principal at Horizon Capital in May 2026.

Andrii Brodetsky· Investment Associate
Anna Kovalenko· Compliance Analyst
Arina Smykova· Senior Investment Associate
Dmytro Bondar· Compliance Director
Liliia Shydlovska· Compliance and ESG Analyst
Maksym Maidebura· Investment Director
Mark Burden· Chief Financial Officer
Maryna Rymkina· Investment Director for Impact & ESG Advisory
Nadiia Stechyshyna· Investment Director
Oleg Strekal· Investment Director
Olga Kovalchuk· Human Resources Director, People Advisory
Roman Cherepakha· Investment Director
Solomiia Pikh· Investment Director
Tetiana Tsyrkun· Investment Director, Finance Advisory
Tetyana Torchylo· Senior Investment Associate
Vitalii Pustovyi· Investment Director, Legal Advisory

What they invest in

from 3 of 21 portfolio companies

AI & Machine Learning ×3Enterprise Software ×2SaaS ×2B2B Marketplaces ×1Cloud Computing ×1Developer Tools ×1EdTech ×1Future of Work ×1

HQs:United States×2

Investments · 21 tracked

founders shown can be your intro path
Ajaxajax.systemsin𝕏

Smart security systems manufacturer.

Aurora
Biofarma

Leading pharma manufacturer (exited).

Ciklumciklum.comin

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)Petr Lukasik(Chief Digital Officer)Robert Easter(Chief Revenue Officer)Sathishkumar Soundararajan(Chief Growth Officer)

Creatiocreatio.comin𝕏

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)

BoardRajeev Dham(Director)Sean Cantwell(Director)Roger Hurwitz(Director)JD Sherman(Director)Denis Tafintsev(Director)

Datagroup

#1 B2B fixed telecom operator in Ukraine.

Ergopack

Household goods producer (exited).

GCC/GCPrim

Leading Moldovan glass company (exited).

GoIT

Global edtech company democratizing engineering education.

HOLYWATER TECH

AI-first entertainment technology company pairing creators with AI to produce and distribute stories globally.

Intellias

Fast-growing IT outsourcing company.

Jooble
Liki24liki24.com
MAIB

#1 commercial bank in Moldova.

Makeup

Niche e-commerce champion for beauty products.

Miratech

Global IT services and consulting company.

Preplypreply.comin

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)Kyrylo Bigay(Executive Officer, Director)Charlie Wickers(Executive Officer)Boris Shakhnovich(Executive Officer)

BoardAllen Mask(Director)Lars Fjeldsoe-Nielsen(Director)

Purcari

Exited (IPO): leading wine producer in CEE.

Rozetka-Evo
Viseven

Global provider of digital marketing solutions for the pharma and life sciences industry.

Yarych

Portfolio news

latest coverage across their companies

Frequently asked questions

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.

Media · Podcasts & interviews

featuring the team

2024 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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