JobCannon, a Ukrainian-British company developing an AI-powered recruitment platform, has announced the launch of JobCannon Ventures, an initiative focused on investments and acquisitions rather than acting as a traditional venture capital fund.
According to co-founder Peter Kolomiiets, the initiative will focus on HR Tech and WorkTech sectors, targeting startups across Ukraine, Central and Eastern Europe, Israel, the UK, and the broader European market. Opportunities in Turkey and Central Asia may also be explored where there is strong synergy with JobCannon’s core platform.
Investment decisions will be made collaboratively, based on internal discussions with the team.
Kolomiiets emphasized that the initiative’s primary goal is to help startups expand internationally, particularly into the UK market, leveraging JobCannon’s investor network and business contacts. The focus is not just on capital deployment, but on strategic acquisition and integration of relevant startups into JobCannon’s ecosystem.
While JobCannon Ventures plans to attract external capital, it is also exploring alternative financing models, such as equity-backed loans, to access funding without diluting ownership.
The initiative will follow an evergreen model, reinvesting returns into new projects to maintain sustainable long-term growth.
