Horizon Capital invested in the Ukrainian IT-company Intellias

Horizon Capital invested in the Ukrainian IT-company Intellias

Intellias, one of the largest IT-companies in Ukraine raised investment from Horizon Capital

The amount of the investment, as well as the estimation which the company got during this transaction, is kept confidential. According to expert opinion the cost of the transaction with Intellias varied in a range between $5-20 million.

Today, there are more than 1,100 employees working in Intellias (compared to 150 employees in 2013). The headquarters is located in Lviv, other two offices are located in Kyiv and Odesa. The company is planning to open new offices in Kharkiv and Ivano-Frankivsk in the nearest future. There is also a bigger plan to open Intellias centers in the countries of Central and Eastern Europe.

”We are excited to share news about new investments raised from Horizon Capital, while we are expanding our presence in Ukraine and abroad”, – says Intellias co-founder and CEO Vitaliy Sedler.

The company was founded in Lviv in 2002 by Vitaliy Sedler and Mykhailo Puzrakov. As of 2018, Intellias provides a full-range of software development services, it is listed in various ratings of the best IT-employers within Ukraine and the fastest growing IT-services providers. According to Intellias, the business has grown more than 10 times within the last 6 years on the market.

Horizon Capital is one of the largest and most active investors in Ukraine. The company manages private equity funds with an aggregate capital of over $800 million. Horizon has invested in such companies as Rozetka, Jooble, Ciklum, Tinkoff Credit Systems and others.

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