Swedfund strengthens Ukraine’s economy through new investments
Introduction
Swedfund is investing more than EUR 50 million in Ukraine through four investment platforms to strengthen the country’s economic resilience. The investments target infrastructure, digitalisation, innovation, and companies operating in sectors of critical societal importance.
“In the current situation, it is crucial that investments can be implemented in practice. By working through platforms with a strong local presence, Swedfund can rapidly deploy capital into infrastructure projects such as energy, as well as provide financing to a larger number of Ukrainian companies,” says Maria Håkansson, CEO of Swedfund.
Since the full-scale invasion, Ukraine’s economy has been under severe pressure. At the same time, many companies have adapted their operations and continued to operate under the conditions of war. The adaptability of the private sector is central to economic resilience, but the lack of long-term capital and labour remains a significant challenge.
Against this background, Swedfund is investing through local platforms and established partners. This helps create more jobs, supports the development of critical infrastructure, and enables companies to remain and grow in Ukraine. The investments strengthen innovation and productivity in a market where access to labour is a decisive factor, while also creating conditions for the reintegration of veterans into the labour market.
“Investments in the private sector are important to enable companies to continue developing their operations and to create jobs. At the same time, the needs in Ukraine are substantial. Swedfund’s investments help ensure that capital reaches businesses that are important to Ukraine’s economy, even during the ongoing war,” says Benjamin Dousa, Swedish Minister for International Development Cooperation and Foreign Trade.
Several of the investments are made together with international investors and development finance institutions, creating the conditions to mobilise additional capital for Ukraine over time.
Swedfund’s new investments
Amber Dragon Ukraine Infrastructure Fund I
Investment of EUR 20 million in energy, logistics and digital infrastructure that is essential for maintaining the basic functions of society. The investment contributes both to sustaining economic activity during the war and to Ukraine’s long-term reconstruction.
Horizon Capital Catalyst Fund
Investment of EUR 20 million in companies operating in energy, industry, construction materials and digital infrastructure. The capital enables companies in critical sectors to continue their operations in a context where access to financing is limited.
Rebuild Ukraine Fund
Investment of USD 15 million in small and medium sized enterprises that are important for local economies and employment. The investment helps keep jobs, production, and services in the country.
Ukraine Phoenix Tech Fund
Investment of EUR 3.5 million in Ukrainian IT and technology companies, with a focus on innovation and digital services. The technology sector contributes to export revenues, skilled jobs, and future growth.