FinanceInvestments

Fund of Funds in Ukraine for US investors.

Tuesday, September 14, 2021

The Minister of Digital Transformation of Ukraine, Mykhailo Fedorov, has presented an idea of launching a Fund of Funds in Ukraine for US investors. “The state will not only invest in startups but will also direct funds to the world’s best venture capital funds to invest in Ukrainian startups. This will allow the number of startups to grow, and allow large strategic investors to enter the Ukrainian market. So, we will create a better environment for the development of the startup ecosystem and the Ukrainian IT sector as a whole,” the minister said. The Fund of Funds is in the process of being implemented. Its launch is scheduled for 2022.

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In other upgrades to its network, Smilyanksy announced Ukrposhta plans to computerize another 1,250 villages with a population of up to 1,200 people by February 2022.

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