The IFC may allocate €5M to the Flyer One Ventures investment fund for projects in Ukraine.

The International Finance Corporation (IFC) from the World Bank Group may contribute €5M to the Flyer One Ventures (F1V) Fund to invest in technology companies in Ukraine, as well as in Central and Eastern European countries. The Board of Directors plans to consider this project on June 20 of this year. The project is expected to be supported by donors under the Economic Resilience (ERA) program for Ukraine; Japan will invest up to $3M in the project as part of blended financing.

The IFC believes that investment in Flyer One Ventures will help support the sustainability of digital entrepreneurship in Ukraine and preserve the local venture capital market.

Flyer One Ventures is an investment fund specializing in financing startups at early stages of development. F1V has already invested almost $43M in 87 startups, including Liki24, Fintech Farm, VOCHI, and Mate Academy.