🦊/Investors

Horizon Capital

Private equity

Kyiv · Growth · 25 people tracked

Find your way into Horizon Capital

706 people in our graph share verified history with the Horizon Capital team — schools, employers, funds. One of them is your warm intro.

Anthony Linunlockedknows Jeffrey C. Neal · together at Merrill Lynch & Co. (overlapped)
×2knows the team · via Techstars
knows the team · via Harvard Business School
×3knows the team · via Merrill Lynch & Co.
knows the team · via Tilburg University
knows the team · via Harvard College
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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 15, 2026.

Stage
Growth
HQ
Kyiv, UA
Instruments
Equity
Founded
2006
AUM
$1.8B
Tracked investments
21
Unicorns
1

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 Counselin
Bohdan Svyrydov· Principal

Promoted to Principal at Horizon Capital in May 2026.

Denys Sychkov· Principal
Maksym Kuznetsov· Principalin

Promoted to Principal at Horizon Capital in May 2026.

Arina Smykova· Senior Investment Associate
Dmytro Bondar· Compliance Director
Liliia Shydlovska· Compliance and ESG Analyst
Maksym Maidebura· Investment Director
Oleg Strekal· Investment Director
Olga Kovalchuk· Human Resources Director, People Advisoryin
Solomiia Pikh· Investment Directorin
Tetiana Tsyrkun· Investment Director, Finance Advisory
Tetyana Torchylo· Senior Investment Associate

What they invest in

from 7 of 21 portfolio companies

AI & 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 path
Ajaxajax.systemsin𝕏

Ajax 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

Ciklumciklum.comin𝕏

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)inAnjan Sur(Chief Financial Officer & Chief Operating Officer)inPetr Lukasik(Chief Digital Officer)inRobert Easter(Chief Revenue Officer)Sathishkumar Soundararajan(Chief Growth Officer)

Co-investorsAVentures Capital

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)in

BoardRajeev Dham(Director)inSean Cantwell(Director)inRoger Hurwitz(Director)inJD Sherman(Director)Denis Tafintsev(Director)

Co-investorsSapphire VenturesVolition Capital

HOLYWATER TECHholywater.techin

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

Intelliasintellias.comin𝕏

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

Preplypreply.comin𝕏

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

Visevenviseven.comin𝕏

Viseven builds eLearning solutions and omnichannel marketing platforms tailored for pharmaceutical, life sciences, and healthcare organizations.

AI & Machine LearningDigital HealthEdTechHealthtechMarketing TechSaaSBridgewater, US

Nataliya Andreychukin

Co-investorsAVentures Capital

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

AuroraBiofarmaDatagroupErgopackGCC/GCPrimGoITJoobleLiki24MAIBMakeupMiratechPurcariRozetka-EvoYarych

Portfolio news

latest coverage across their companies

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 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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