Headway Inc has become the first company with Ukrainian roots to attract investment from Endeavor Catalyst. The investment was part of an extension of the Series A round led by Bullhound Capital, according to the company’s press release dated January 13. Endeavor Catalyst joined the second closing of the round, which took place in January 2026. Headway Inc announced its first external funding round in July 2025. That round became the largest initial investment round for a company with Ukrainian roots since the start of the full-scale invasion, as well as the largest investment made by Bullhound Capital’s sixth fund.
Endeavor Catalyst co-invests exclusively in companies founded by entrepreneurs from the Endeavor community and currently has 66 portfolio companies valued at over $1 billion. The fund is known for early-stage investments in unicorn companies and is a global leader in the number of such investments outside the U.S., China, and India.
The Ukrainian office of Endeavor notes that the investment in Headway Inc is indicative for the market, as it expands access for Ukrainian companies to international investors and global capital. “When a fund with more than 60 unicorns in its portfolio invests above its standard check size in a company with Ukrainian roots, it is a signal of both market and company maturity,” said Sviatoslav Sviatnenko, Managing Director of Endeavor in Ukraine.
The Series A second-closing investment involving Bullhound Capital and Endeavor Catalyst is part of a phased capital-raising strategy. The financial terms of the deal were not disclosed.
Headway Inc is a global IT company with Ukrainian roots. Its portfolio includes five educational EdTech products: Headway, Impulse, Nibble, AddMile, and Skillsta. The company operates an R&D lab and offices in Kyiv, Madrid, Warsaw, and Nicosia. TIME, Global Silicon Valley, and Holon IQ have recognized Headway Inc as one of the most influential companies transforming digital learning and professional skills worldwide. According to TIME, Headway Inc ranks among the world’s top five EdTech companies. More than 160 million people worldwide use the company’s products.
Bullhound Capital is the investment arm of GP Bullhound, working alongside founders building category-leading technology companies. With over €1 billion in assets under management and 25 years of experience, the firm has invested in global leaders such as Spotify, Klarna, Revolut, Slack, Unity, Connex.ai, and EcoVadis. With 13 offices worldwide, Bullhound Capital provides hands-on support to founders on strategy, growth, and execution. The firm backs global leaders applying AI to real-world challenges, from quantum technologies to the entertainment industry.
Endeavor Catalyst is the co-investment fund of the global Endeavor entrepreneurial network, investing in companies founded by Endeavor entrepreneurs. The fund has $540 million in assets under management and has invested in more than 390 companies across 35 markets.
