Euvic Ukraine, part of Poland’s Euvic Group, has raised €4 million in investment to expand its business in Ukraine. The financing was provided by private equity fund 3TS Capital Partners, which led the investment round, as well as a private investor. The company will use the funds raised to implement its mergers and acquisitions strategy, focusing on the acquisition of Ukrainian technology companies.
As part of the transaction, 3TS Capital Partners received a minority stake in Euvic Ukraine, while control over the Ukrainian division remained with the Polish parent company Euvic SA. Łukasz Czarnecki, President of Euvic Ukraine and Vice President of Euvic Group, noted that attracting a financial investor will strengthen the company’s position in the Ukrainian market and accelerate the implementation of new acquisitions of local IT companies.
Euvic Ukraine was established in September 2023 as a platform for consolidating Ukrainian technology businesses. The company carries out all mergers and acquisitions in the Ukrainian market together with investment adviser Mergewave Capital, which acts as its exclusive M&A adviser. Since its launch, Ukrainian IT companies Artkai, 7Devs, Exoft, Lampa Software and Diya have already joined the group.
Euvic Ukraine currently employs around 500 specialists, while the company’s market value is estimated by investors at approximately $10 million. According to Taras Bachynskyi, co-founder of Mergewave Capital, in 2026 the company will focus on acquiring Ukrainian IT outsourcing companies with around 100 employees. In addition, Euvic Ukraine is considering partnership opportunities with companies operating in IT administration and digital governance.
Founded in 2005, Poland’s Euvic Group brings together more than 30 IT companies and employs over 6,000 people in Poland, Ukraine, Sweden, the United States and other countries. The group’s combined annual turnover exceeds $230 million. Its core business areas include software development outsourcing, business digital transformation, cloud technologies and the implementation of corporate IT infrastructure.
The company considers the Ukrainian market one of the key directions for its development. In the coming years, Euvic Group plans to more than double the headcount of its Ukrainian division to over 1,000 specialists. An additional factor strengthening the group’s position was its listing in March 2026 on NewConnect, the alternative market of the Warsaw Stock Exchange, through a reverse merger, which opens up additional opportunities for raising capital and further business expansion.
