An American entrepreneur launches the Green Flag Ventures fund for investment in Ukrainian startups.

Justin Zif does not disclose the exact investment amount, but the fund will invest at the pre-seed and Series A stages, writes AIN.UA.

The fund clarifies that they are interested in Ukrainian projects, and there are several criteria by which affiliation to Ukraine will be determined. First, the founders must be Ukrainians. Secondly, a significant part of the team should also be based in Ukraine. But this requirement is not absolute. If, for some reason, the team is outside of Ukraine, Green Flag Ventures representatives will pay attention to the projects that positively impact the country’s image or economic impact.

Justin Zif says he came to Ukraine for the first time in 2022 when he delivered humanitarian aid. Since then, he has paid extensive attention to local businesses, entrepreneurs, and the startup ecosystem.