Horizon Capital Growth Fund IV
Introduction
Horizon Capital Growth Fund IV targets investments in Ukraine and Moldova’s IT sector, a sector that has rapidly adapted to meet the new conditions following Russia's full-scale invasion of Ukraine.
Swedfund's investment contributes to more jobs and export revenues for Ukraine and Moldova, as well as continued sustainable private sector development.
Co-investors include Proparco, Finnfund, DFC, DEG, IFG and FMO.
Swedfund qualified the investment in Horizon Capital Growth Fund IV for the 2X Challenge in 2023.
Read more in our press release: Swedfund invests USD 15 million into Horizon Capital Growth Fund IV to back leading high-growth tech and export-oriented companies in Ukraine and Moldova
Facts
SDG in Focus
No Poverty
End poverty in all its forms everywhere.
Gender Equality
Achieve gender equality and empower all women and girls.
Decent Work and Economic Growth
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.
Sector
Sustainable Enterprises
The Sustainable Enterprises sector increases the availability of equity directly or indirectly, contributing to the sustainable development and growth of the private sector in developing countries.
Value creation
Our Impact
The investment contributes to the strengthening of the private sector and economic development in a war-affected country. The investment also contributes to women's economic empowerment and to jobs and other income-generating opportunities locally.
ESG
We are working closely with the fund manager to develop their environmental and social management system to address issues related to labour and working conditions. We are also working closely with the fund manager to strengthen their anti-corruption management system.
Additionality
Our investment is financially additional as it is made in a difficult context where access to capital is limited and the business climate is poor, and as it is expected to contribute to mobilising capital. The investment is value additional through a strong focus on active value creation during the investment phase, where environmental, sustainability and corporate governance issues are prioritised.