Horizon Capital launches new investment fund, raises USD 125m at first closing

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Horizon Capital, a U.S. private equity firm investing in fast-growing export-oriented businesses in Ukraine and the region, has launched a new Horizon Capital Growth Fund IV, L.P. (HCGF IV). The company attracted $125 million in the first round, which is 50% of its $250 million target and the “highest first close result in the firm’s history,” the press office of Horizon Capital informed.

According to the announcement, the Fund’s first closing was backed by the European Bank for Reconstruction and Development (“EBRD”), the International Finance Corporation (“IFC”), Deutsche Investitions- und Entwicklungsgesellschaft (“DEG”), and a subsidiary of KfW Group, the Dutch Entrepreneurial Development Bank (“FMO”), the Swiss Investment Fund for Emerging Markets (“SIFEM”), the Western NIS Enterprise Fund, and the Zero Gap Fund.

The new Fund will focus on tech and export-oriented companies led by visionary entrepreneurs with a proven track record of leveraging competitive platforms to succeed globally, the company noted in a release.

“We look forward to continuing to back founders with an average of $10-30 million in growth capital, as well as the strong value-add contribution of our team,” Vasile Tofan, Senior Partner at Horizon Capital, said.

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