Active

ICU

Investor type

VC

Founded

2006

AUM

$500 M

Location

Kyiv, Ukraine

Investment Ticket

$0-1 m

Investment Stage

Seed Series A

Region of investment

Europe
Investor profile last updated: 03 May, 2025

Profile

We are a venture capital firm based in Kyiv that invests in technology companies with Eastern European DNA. This means that the founders are from Eastern Europe or the engineering & software development is done in the region.

We believe Eastern Europe can be globally competitive in technology and that tech companies are going to account for an increasing amount of global GDP going forward. We are a Ukrainian company so it makes sense that we would jump in the pool and make a significant allocation of capital to this new economy.

We focus on late seed and series A investments across the tech spectrum. We avoid gaming and gambling. Otherwise, the door is open. We work hard to keep our minds flexible and remain curious.

We invest more than capital. We provide our founders with strategic support and a network of contacts in the United States and Europe to expand their companies internationally and accelerate growth. Even when we source opportunities from other geographies – especially the U.S. – we help our portfolio companies link up with talented engineers from Ukraine’s massive and growing IT sector.

The access we offer to high-quality, low-cost Ukrainian engineering talent is the key reason established venture capital and technology firms in the United States invite us to join their cap tables.

Industry

Electronics Fashion/Beauty Financial Services Fintech Marketing and Advertising Media and Entertainment Robotics SaaS Software Technology Infrastructure Energy Security

ICU Funds

Name Type
Questionare
Industry
Questionare
Stage
Questionare
Region
Size AUM Launch date
ICU Global Equity Index
Private Equity (PE)
Fashion/Beauty
Financial Services
Fintech
Robotics
Security
Series B
Late Stage (Series C+)
North America
Asia
$5-10 m
—
December 2018

Contacts

Name
Title
Email
avatar
Grigoriy Ovcharenko Director, Head of Local Asset Management
Director, Head of Local Asset Management
g•••@•••
avatar
Konstantin Stetsenko Founding Partner
Founding Partner
k•••@•••
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Investment-team contacts for ICU — including verified work emails and LinkedIn profiles — are available to Private Equity List subscribers.
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Contacts sourced from the firm's website and LinkedIn, re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.

FAQs about ICU

ICU is a venture capital firm. It backs companies at Seed and Series A, writing tickets of $0-1 m.
ICU is located in Kyiv, Ukraine.
ICU was founded in 2006.
ICU invests in companies and startups in Electronics, Fashion/Beauty, Financial Services, Fintech, Marketing and Advertising, Media and Entertainment, Robotics, SaaS, Software, Technology, Infrastructure, Energy, Security.
ICU invests in companies and startups in Europe.
ICU invests in companies and startups at Seed, Series A.
ICU usually invests $0-1 m on average.
ICU has around $500m assets under management.
ICU last fund was created/launched in 2018-12-04
ICU can be reached through its website icu.ua, its LinkedIn page and its X account. Its general enquiries address is info@icu.ua. Cold-mailing a general inbox rarely reaches a partner, so Private Equity List also lists the investment-team contacts for ICU — names, roles, verified work emails and LinkedIn profiles — available on a Pro plan from $129/month (see pricing). Contacts are sourced from the firm's website and LinkedIn and re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.
Yes. Every field on this page — profile, funds, investment criteria, portfolio and investment-team contacts — is available programmatically through the Private Equity List REST API and MCP server, so AI assistants such as Claude and ChatGPT can query ICU directly instead of scraping this page. One subscription covers both the web app and machine access — see API & MCP.
Private Equity List re-verifies investor profiles on a rolling cycle, pulling from the firm's own website and LinkedIn rather than a one-off import. This profile was last updated on 03 May, 2025. Something out of date here? Report it — we re-run that firm within 48h and get back to you.