Hewlett-Packard’s Corporate Venture Fund Eyes Ukrainian Startups

Last month HP Tech Ventures, the venture arm of the US computer company launched in May, joined the Ukrainian Venture Capital and Private Equity Association (UVCA).

The fund has not opened an office in Ukraine, but has appointed Vitaliy Golomb to represent its interests in the country. The fund is “delighted to support the growing startup ecosystem of Ukraine,” stated Golomb.

HP Tech Ventures usually invests from $3 million to 5 million in early-stage startups. Among the targeted segments are 3D printing, Internet-of-Things, augmented and virtual reality, robotics and AI — in line with HP’s corporate interests.

“Today there’s a variety of Ukrainian projects to choose from: the number of startups at various stages amounts to 2,500 and keeps growing,”

commented UVCA Executive Director Olga Afanasyeva.

The UVCA was launched two years ago with the stated goal of becoming “the front door for foreign investors considering investing in Ukraine.”

Source: Ukraine Digital News