Monday, July 14
The EBRD allocates $25M to Dragon Capital’s Fund and Horizon Capital raises funds for a new $300M Catalyst Fund.
Tuesday, July 15, 2025
The EBRD has approved a $25M investment in the Rebuild Ukraine Fund, created by investment firm Dragon Capital. The fund aims to invest in equity and related investments in small, medium, and mid-cap companies in Ukraine to promote long-term growth. The fund’s declared target size is $250M.
Dragon Capital’s top executive, Andriy Nosok, recalled at URC2025 that the company launched the Rebuild Ukraine Fund LP (REBUF) a year ago and has already invested $20M of its own money. The first closing is scheduled for September this year. The target size for REBUF is $200-250M, with investments per company ranging from $7 to $30M.
Additionally, at URC2025 in Rome, Horizon Capital announced fundraising in June for the new Horizon Capital Catalyst Fund SCSP, with a declared volume of €300M. Its goal is to attract investors who support Ukraine now, not after the war ends, raising at least €300M to mobilize €3.5B in investment across various assets and themes locally. The first closing is planned for the fourth quarter of 2025. The fund is expected to invest in mid-cap companies, with projects ranging from €20 to €50M. Currently, over 30 potential deals exceeding €2B in capital needs are under consideration.
