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Top 10 Medical VC Funds & Investors in Ukraine (October 2026)

The most active venture capital funds investing in Ukraine Medical startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Ukraine Medical startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
TA Ventures
VC Fund
6 United States, Germany, India Seed, Pre-Seed, Series A Software, E-Commerce, Health Care $150k–$28M
Ukrainian Startup Fund
VC Fund
5 Ukraine, United States, United Kingdom Grant, Pre-Seed, Seed Software, Information Technology, Health Care $25k–$150k
ICLUB VC
VC Fund
4 United States, Germany, Italy Seed, Pre-Seed, Series A Software, Health Care, FinTech $125k–$94M
Horizon Capital
VC Fund
3 Ukraine, Moldova, United States Private Equity, Series A Software, Information Technology, E-Commerce $5M–$112M
Flyer One Ventures
VC Fund
3 United States, Cyprus, United Kingdom Seed, Pre-Seed, Series A Software, Artificial Intelligence, Information Technology $250k–$15M
SID Venture Partners
VC Fund
2 United States, Ukraine, South Korea Seed, Pre-Seed, Series A Software, Information Technology, Artificial Intelligence $250k–$20M
AVentures Capital
VC Fund
2 United States, Ukraine, Israel Seed, Venture - Series Unknown, Series A Software, Enterprise Software, Information Technology $400k–$28M
N1
VC Fund
1 Czech Republic, United States, Germany Seed, Pre-Seed, Series A Software, Artificial Intelligence, Information Technology $243k–$9M
Eugene M. Lang Entrepreneurial Initiative Fund
VC Fund
1 United States, Spain, Ukraine Seed, Pre-Seed, Angel Education, Medical, Software $25k–$1.2M
Farmak
VC Fund
1 Ukraine, Estonia, United States Seed, Pre-Seed Health Care, Medical, Mobile $1M–$1.6M
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TA Ventures
VC Fund · Frankfurt, Hessen, Germany · 6 investments in Ukraine Medical startups

TA Ventures is a global, network-driven VC firm investing in early-stage tech startups that redefine the industries of tomorrow. We typically write initial checks of $100-250K for Pre-Seed and Seed companies and actively provide follow-on investments. We pride ourselves on swift execution, hands-on support, and leveraging our extensiveinternational network. By connecting our portfolio companies with growth-oriented co-investors, we help them scale effectively through subsequent funding rounds. Additionally, we draw on our deep industry expertise to offer portfolio companies and partner VCs access to top-tier, cost-efficient R&D talent.

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Investment focus

  • Industry: Software, E-Commerce, Health Care
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Germany, India

Investor stats

  • Total investments: 293
  • Round size: Seed $426k–$6M; Pre-Seed $150k–$2.3M; Series A $2.5M–$28M
  • Lead/follow: 4% lead, 96% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • Willidrop — Willidrop is a B2B automotive logistics platform that optimizes cross-border vehicle transportation. The company provides a unified digital coordination layer that integrates real-time pricing, carrier matching, live tracking, and digital proof of delivery into a single workflow.
  • SpeedLabs — The real-time market engine and foundational AI for sports.
  • Native Commerce — A unified e-commerce platform combining CMS, OMS, WMS, Delivery & Logistics to help modern retailers operate, scale & deliver great e-commerce experiences.
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Ukrainian Startup Fund
VC Fund · Kyiv, Kyyiv, Ukraine · 5 investments in Ukraine Medical startups

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).

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Grant, Pre-Seed, Seed
  • Geography: Ukraine, United States, United Kingdom

Investor stats

  • Total investments: 242
  • Round size: Seed $50k–$150k; Grant $25k–$50k; Pre-Seed $25k–$50k
  • Lead/follow: 83% lead, 17% follow

Portfolio highlights

  • Josti — Josti is a proptech platform that allows users to rent homes for one to twelve months without paying real estate fees.
  • Romtos — Romtos is a career path portal that connects IT firms, students, and freelancers.
  • PeopleForce — PeopleForce is one of the BEST and fastest growing online HR Software service provider, we consist​ of highly qualified and experienced members with dedicated team. we love the fact that our solution and software is making HR service more convenient and easy for our customer. Our Product Include Applicant Tracking Software: Our service help youfind the right person more faster and easier Staff Onboarding: Every phase of onboarding process with a new employer is important. By using our onboarding software you will increase employee retention and save more money and stress. Leave tracking: Leave tracking will help you to easily record leave for holidays, vacations, half-day etc.Electronic signatures: Tool to sign your documentHR Reporting: This prove report on all employee on annual salary and current employment status with date range.Performance management: Measure the effective and efficient manner to employee process that enhances your employee’s performance through aligned goals and development. employee directory: Employer master database, thus providing all the information about employee. Custom workflows: Design a custom workflow to fit your organization needs. At PeopleForce , we understand the difficulties in getting the best hands. We also understand the necessity to use good and reliable software and service. We're here to help all of our customers and their unique needs. PeopleForce we “OFFER THE BEST”
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ICLUB VC
VC Fund · Kyiv, Kyyiv, Ukraine · 4 investments in Ukraine Medical startups

ICLUB VC is a global network of private investors, established by a leading European VC fund TA Ventures.

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Investment focus

  • Industry: Software, Health Care, FinTech
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Germany, Italy

Investor stats

  • Total investments: 62
  • Round size: Seed $350k–$6M; Pre-Seed $125k–$1.4M; Series A $5.3M–$94M
  • Lead/follow: 2% lead, 98% follow

Portfolio highlights

  • Liki24 — Liki24 is a logistics company that features a software platform that utilizes deep integration with partner pharmacies, clinics, and insurance companies. Its software is designed for logistics team coordination, task management, and data management.
  • Cube3.ai — CUBE3.AI is a web3 security platform that provides real-time transaction protection for smart contracts, safeguarding against cyber exploits, fraud, and compliance risks.
  • Berry Street — Get personalized nutrition therapy from registered dietitians, covered by your insurance. Book an online 1:1 session today.
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Horizon Capital
VC Fund · Kyiv, Kyyiv, Ukraine · 3 investments in Ukraine Medical startups

Horizon Capital is a private equity firm in Ukraine backed by over 40 institutional investors, managing funds with assets under management of over $1.1 billion and a tenure of 25 years in the region. The firm is an active, value-added growth equity investor, investing alongside visionary entrepreneurs leading transformational businesses in Ukraineand the near region. Our investment strategy focuses on export champions in technology, e-commerce and other innovative industries. We are known for our strong team, high integrity and governance, value creation and track record of successful investments.

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Investment focus

  • Industry: Software, Information Technology, E-Commerce
  • Stage:Private Equity, Series A
  • Geography: Ukraine, Moldova, United States

Investor stats

  • Total investments: 44
  • Round size: Series A $5M–$22M; Private Equity $7M–$112M
  • Lead/follow: 68% lead, 32% follow
  • Last fund: Likely actively investing — fund raised in 2026

Portfolio highlights

  • Viseven — Discover the future of pharma marketing with Viseven martech solutions. Elevate strategies, bridge gaps, and unlock growth!
  • HOLYWATER TECH — HOLYWATER is a tech company reshaping entertainment. From books to audiobooks, interactive stories and video series, we build worlds you can explore and personalize.
  • NOTUS energy — NOTUS energy development is a planning, implementing and operating wind energy company.
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Flyer One Ventures
VC Fund · London, England, United Kingdom · 3 investments in Ukraine Medical startups, 6 in the past 12 months

Flyer One Ventures is an international early-stage venture capital firm focused on early-stage startups from CEE region. The fund invests in future-proof startups, founded by exceptional teams, and operating on global markets worth more than $10 billion. Flyer One Ventures funds startups in Mobile, Health Tech, EdTech, Fitness & Wellness, B2BSaaS, Gaming, FoodTech, and AI/ML industries and helps them scale on international markets. Founded by the co-founder of BetterMe and supported by Genesis Tech, Flyer One Ventures has deep expertise in Digital Marketing, Product, PR, Branding, and Recruiting. Along with the financial investment, Flyer One Ventures actively supports its portfolio companies, helping them optimize Digital Marketing campaigns, hire R&D staff, build user-friendly products, and fundraise Series A and Series B rounds. Flyer One Ventures' ultimate goal is to support early-stage startups in the geographies with low access to early financing and help them become global leaders by mentorship and daily support.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Cyprus, United Kingdom

Investor stats

  • Total investments: 104
  • Round size: Seed $550k–$7.4M; Pre-Seed $250k–$2M; Series A $1M–$15M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: Likely actively investing — fresh fund, raised $54M in 2025

Portfolio highlights

  • GRAI — GRAI is an AI music research company building interactive music products
  • Tower.dev — Data flow orchestrator for pipelines and agents with optional data management in Iceberg-based lakehouses
  • Astute — Astute is the world's first B2B new media company. Reach your buyers through the newsletters, podcasts and creators they already trust.
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SID Venture Partners
VC Fund · 2 investments in Ukraine Medical startups

First Ukrainian high-technology venture capital firm established by IT experts for IT geeks, investing in early-stage tech companies

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Ukraine, South Korea

Investor stats

  • Total investments: 39
  • Round size: Seed $1M–$10M; Pre-Seed $250k–$4M; Series A $9M–$20M
  • Lead/follow: 26% lead, 74% follow
  • Last fund: Likely still investing — raised $500k in 2023

Portfolio highlights

  • Liki24 — Liki24 is a logistics company that features a software platform that utilizes deep integration with partner pharmacies, clinics, and insurance companies. Its software is designed for logistics team coordination, task management, and data management.
  • GO TO-U — GO TO-U is an innovative operating system for EV charging management, providing CPOs with tools to maximize efficiency, profitability, and driver experience
  • Limitless Labs — Trade on future outcomes with Limitless, a prediction market for crypto prices, sports matches, politics, and major world events.
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AVentures Capital
VC Fund · Kyiv, Kyyiv, Ukraine · 2 investments in Ukraine Medical startups

AVentures Capital invests at early stage and looks to team up with amazing entrepreneurs from Eastern Europe, particularly Ukraine, who build global businesses. The Fund's investment focus will be across software tech space, including cloud, storage, enterprise solutions, web, mobile, IoT and other software tech related.

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Investment focus

  • Industry: Software, Enterprise Software, Information Technology
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: United States, Ukraine, Israel

Investor stats

  • Total investments: 43
  • Round size: Seed $400k–$3.5M; Series A $7.5M–$28M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: May invest from a new fund soon — raised $100M in 2015

Portfolio highlights

  • Dexalot — A revolutionary decentralized exchange aiming at bringing the traditional centralized exchange look and feel through a decentralized on-chain application
  • Fintech Farm — Creating successful neobanks in emerging markets
  • Ledger Works — Blockchain consumers face significant and increasing cyber-crime. And Web3 security efforts focus on DeFi providers, not retail users. A crypto account holder should be able to receive the same fraud alerts and protection they have come to expect from their bank or credit card accounts. Our service provides account notification and cyber-crimeprotection to Crypto account holders.
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N1
VC Fund · Prague, Hlavni mesto Praha, Czech Republic · 1 investments in Ukraine Medical startups

NATION 1 IS “DAY 0” INVESTOR, THE 1ST CHOICE FOR THE 1ST INVESTOR & PARTNER FOR BUILDING A SUCCESSFUL COMPANY.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Czech Republic, United States, Germany

Investor stats

  • Total investments: 68
  • Round size: Seed $500k–$3.5M; Pre-Seed $243k–$1.1M; Series A $1M–$9M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: May invest from a new fund soon — raised $39M in 2019

Portfolio highlights

  • Flick.art — Flick is an AI-powered platform reimagining the future of filmmaking. It offers creators an open canvas where words, images, and moving pictures can grow and connect freely. Instead of working through prompts or rigid tools, filmmakers engage in a dialogue with an “AI director,” allowing stories, characters, and worlds to unfold organically. Byweaving together multiple advanced models, Flick enables a process that feels intuitive, narrative-driven, and collaborative.
  • Freya Voice — Voice AI Agents That Sound Human, Stay Compliant, And Deliver End-to-End
  • Paratus Health — Paratus Health is an application that allows doctors to automate pre-appointment, patient interviews saving time and improving accuracy.
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Eugene M. Lang Entrepreneurial Initiative Fund
VC Fund · New York, New York, United States · 1 investments in Ukraine Medical startups

Eugene M. Lang Entrepreneurship Center catalyzes best-in-class startups and investors that are shaping the future.

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Investment focus

  • Industry: Education, Medical, Software
  • Stage:Seed, Pre-Seed, Angel
  • Geography: United States, Spain, Ukraine

Investor stats

  • Total investments: 29
  • Round size: Seed $25k–$1.1M; Pre-Seed $25k–$1.2M
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • Verteel — Verteel specializes in building, managing, and integrating operations of unmanned aerial delivery systems using off-the shelf aircraft and expert operators.
  • WearOpal — We believe everyone has the right to feel safe and secure. WearOpal is a thoughtfully designed smart ring that can discreetly alert 911.
  • AVEC — Premium, low sugar mixers made with real juice, real fruit, and all natural ingredients. Low in calorie, high in flavor. Don't compromise what you mix with your spirit.
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Farmak
VC Fund · Kyiv, Kyyiv, Ukraine · 1 investments in Ukraine Medical startups

Farmak is a leader in the production of medicinal products in Ukraine and a leading exporter of national products to the markets of more than 50 countries. High quality and constant innovation have allowed us to maintain our leadership for more than 13 years

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Investment focus

  • Industry: Health Care, Medical, Mobile
  • Stage:Seed, Pre-Seed
  • Geography: Ukraine, Estonia, United States

Investor stats

  • Total investments: 5
  • Round size: Seed $1M–$1.6M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Altris.AI — AI for Ophthalmology & Optometry is the future of eye care. It will set high diagnostic standards for the industry and bring better patient outcome as a result. Together we will solve the preventable blindness problem.
  • DrugCards — DrugCard - AI-powered pharmacovigilance tools & services for automated literature monitoring, regulatory intelligence and adverse events management.
  • ComeBack Mobility — Smart Crutch Tips & Mobile apps is a dynamic tool to instruct correct weight-bearing and monitor patient compliance throughout the entire rehabilitation period
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Medical VC funding in Ukraine at a glance

Stats across 42 deals from 28 investors.

28
investors
in Ukraine Medical startups
42
deals
in Ukraine Medical startups
$52k
median round
in Ukraine Medical startups
68%
lead investors
lead at least one round
43%
Grant
most common funding stage

Access all 28 VC funds in Ukraine Medical startups.

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