With more than two decades of successful experience investing in small and medium-sized companies in Ukraine and Moldova, Western NIS Enterprise Fund established u.ventures to invest in early stage technology startups with world-class teams and a global potential for growth.


We back local entrepreneurs who dare to build exciting global ventures.


Our Approach

We invest in early stage startups from Ukraine and Moldova, emerging leaders in their segments, quickly expanding into global markets. Our initial investment can range from 100,000 to 500,000 USD.

Start-ups from Ukraine and Moldova

Reputable co-investor

Motivated team with proven track record

Product with first traction targeting large addressable market

Western NIS Enterprise Fund (WNISEF) is a $150 million regional fund, a pioneer in Ukraine and Moldova with more than two decades of successful experience in investing in small and medium-sized companies. WNISEF was funded by the U.S. government via the U.S. Agency for International Development (USAID). Since its inception, WNISEF’s cumulative investments total over $168 million to 118 companies employing around 25 000 people and made it possible to unlock $1.5 billion for companies in Ukraine and Moldova.

In 2015 WNISEF has launched a $35 million legacy program focused on export promotion, local economic development, impact investing and economic leadership.



1991 Open Data Incubator

1991 Open Data Incubator is the first non-commercial incubator in Ukraine which is focused to develop projects based on open and big data.

Technovation Challenge

Technovation Challenge, a competition for IT entrepreneurship among schoolgirls started in Ukraine!

Beetroot Academy

Beetroot Academy is a Swedish-Ukrainian IT school. Students learn from teachers who are active in the industry, resulting in real.

UaTech Expo at CES

WNISEF jointly with UVCA, supports promising Ukrainian hardware startups participating in the world largest Consumer Electronic Show in Las Vegas.


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