Ukrainian IT company Vakoms raised funds from InSoft.Partners

Ukrainian IT company Vakoms raised funds from InSoft.Partners

Kyiv-based software development holding InSoft.Partners has informed about the investments in Vakoms, a company specializing in IoT and Embedded.

Its the seventh investment for InSoft.Partners since the beginning of the full-scale war.

Vakoms has been operating since 2010. The company primarily provides IT consulting and development services in the IoT and Embedded niches. The company has 130+ employees in three offices in Ukraine, Poland, and Switzerland.

InSoft.Partners buys stakes in IT companies, then gets involved in their operations to maximize growth. Strategically, InSoft.Partners helps with transformations of companies for their scaling and in conducting M&A deals.

Among the recent projects of InSoft.Partners are the investment in Poland-founded IT company Digis and acquiring a stake in Noltic.

“The offer of cooperation with InSoft strategically coincided with our vision of the company’s future. I am convinced that the existing developments in the InSoft ecosystem will open new opportunities for the development of Vakoms. An important factor for the partnership was open communication for a long time and the opportunity to see concrete examples. This will be a new stage in our company,” Pavlo Peleh, CEO and co-founder of Vakoms commented.

The parties didn’t disclose the size and details of the agreement. It is known that managemet team of the company has not changed.

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