Top 5 Medical Device VC (Venture Capital) Funds in Ukraine in May 2025

Last updated: May 2025 A list of 5 VC (Venture Capital) funds that invest in Medical device startups based in Ukraine. We rank investors based on the number of investments they made in Medical device companies from Ukraine. We update this investor list every month.

Top 5 Medical Device VC (Venture Capital) Funds in Ukraine in May 2025

Investor	Medical Device Ukraine investments
Ukrainian Startup Fund	3
YZR Capital	1
u.ventures	1
SMRK VC Fund	1
European Bank for Reconstruction and Development	1

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Investor list

USF originally set up to promote the development of the local startup ecosystem and today is the largest local angel investor with already 130 funded startups and the most extensive startups database and stakeholders (over 3,000 applications).

Investment focus

Software, Information Technology, SaaS
Pre-Seed, Seed, Grant
Ukraine, United States, Estonia

Portfolio highlights

Sitniks — Sitniks is a business process automation solution for retail on Instagram.
Banani AI — AI-powered UI design tool. Free text to UI design generation. Create stunning wireframes and high-fidelity designs fast. Edit designs with text prompts.
Crosscheck Sustainability Suite — The Sustainability Suite is a platform that simplifies external audits and accelerates compliance

YZR Venture Capital is a vertical Venture Capital Fund backing Health Tech Entrepreneurs.

Investment focus

Health Care, Software, Artificial Intelligence
Seed, Pre-Seed, Funding Round
Germany, Poland, Finland

Portfolio highlights

Biorce — Biorce is an innovating HealthAI startup committed to transforming drug development through the use of artificial intelligence.
Vetnio — Vetnio is an AI scribe that records conversations between veterinary professionals and pet owners, automatically generating clinical notes for the meetings. It saves veterinary professionals time, allowing them to focus more on their patients.
Univa Health — Univa's objective is to provide evidence-based clinical tools that address the detrimental impact of eating disorder diseases on both the individual and their families.

u.ventures invests in early stage technology startups with world-class teams and potential for global growth. Our goal is to support local entrepreneurs

Investment focus

E-Commerce, Software, Artificial Intelligence
Seed, Funding Round, Pre-Seed
United States, Germany, United Kingdom

Portfolio highlights

Jome — On our platform, you can search for and tour thousands of new construction homes and communities near you. Our new home experts are ready to guide you through the entire home-buying process and will help you turn your dream home into a reality
Osavul — Osavul is a software company focused on developing AI-powered solutions for information security. Protect states, businesses and society from disinformation, influence operations and foreign interference.
Esper Bionics — Solutions to transform the prosthetic industry and augment humanity

SMRK VC Fund is an investment firm that funds seed and early stage companies. Their projects are Allset, Preply, Competera and AJAX Systems. SMRK is a Ukraine-based company that was founded in 2013 by Oleksandr Kosovan and Andriy Dovzhenko.

Investment focus

Software, E-Commerce, Artificial Intelligence
Seed, Funding Round, Series A
Ukraine, United States, Finland

Portfolio highlights

Osavul — Osavul is a software company focused on developing AI-powered solutions for information security. Protect states, businesses and society from disinformation, influence operations and foreign interference.
Prengi — Prengi builds an extensive facility management platform with thorough reporting that keeps track of all maintenance procedures for shopping malls and retail chains.
Ability.ai — AI Agents for e-commerce business automation.

The European Bank for Reconstruction and Development (EBRD) invests in changing lives. Through our financial investments, business services and work on policy reform, we're doing more than ever before to build open, market economies across 3 continents.