Ukraine has gained another VC fund and venture builder, SMG Capital and SMG Builder, which were launched earlier this year to help Ukrainian founders. The fund is expected to be around $10 million, managing partner Oleksandr Shinkarev told.
Currently, the SMG Capital fund has managed to raise almost 50% of the planned amount from the own funds and from its partners. It was created on the basis of three venture funds from the USA, Europe, and Ukraine.
The investment focuses on companies with Ukrainian founders, focused to scale and develop in the US market. In total, the team plans to invest in 100 early-stage tech startups.
In addition, we are currently launching a three-month program for Ukrainian startup enthusiasts. Its purpose is to provide participants with the necessary knowledge, skills, and resources to successfully launch their own startups, join existing projects or form teams for future startups.
SMG Builder offers the following opportunities for startups:
- an investment of $25,000;
- the opportunity to become a co-founder of a startup;
- a chance to find a team to launch a startup;
- a recommendation for completing an internship from an international company.
Future partners of the builder can become startup co-founders, mentors, or consultants to help them enter the US market.
