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Top 10 Medical VC (Venture Capital) Funds in Ukraine in January 2026

Last updated: Jan 2026 A list of 10 VC (Venture Capital) funds that invest in Medical startups based in Ukraine. We rank investors based on the number of investments they made in Medical companies from Ukraine. We update this investor list every month.

Top 10 Medical VC (Venture Capital) Funds in Ukraine in January 2026

Investor	Medical Ukraine investments
TA Ventures	4
Ukrainian Startup Fund	4
Flyer One Ventures	3
ICLUB VC	3
Horizon Capital	3
Flyer One Ventures	2
Farmak	1
SID Venture Partners	1
Eugene M. Lang Entrepreneurial Initiative Fund	1
AVentures Capital	1

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Investor list

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.

Investment focus

E-Commerce, Software, Health Care
Seed, Series A, Funding Round
United States, Germany, India

Portfolio highlights

Bipi — Bipi is a car subscription startup offering consumers a hassle-free alternative to car ownership with fully-flexible, all-inclusive monthly subscriptions to quality new and used cars for a single, all-inclusive monthly payment and a digital-first, 100% online transaction process. Its platform lets users book cars, subscribe, swap, and cancel it atany point in time that enables customers to revolutionize the way they access cars.Bipi was co-founded by Hans Christ and Alejandro Vigaray in 2017 and it is headquartered in Madrid, Spain.
AccessOwl — AccessOwl is an Access Governance and SaaS management tool. Allowing customers to automate user account provisioning, access requests, approvals and reviews as well as Shadow IT detection.
Tortoise — Tortoise is an automated delivery platform for the retail and logistics industries. It was founded by David Graham and Dmitry Shevelenko. Companies like Lyft, Microsoft, and Samsung have brought David in when developing novel technologies and concepts. Meanwhile, Dmitry oversaw the new modality partnership strategy at Uber and led Uber’s firstdeals with JUMP, Getaround, and the public transit ticketing system Masabi. Together, the two have identified some of the biggest pain points in logistics and shared micromobility and are setting out to tackle them together.

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

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.

Investment focus

Software, Artificial Intelligence, Information Technology
Seed, Series A, Pre-Seed
United States, United Kingdom, Cyprus

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
Heizma — Heizma make climate-neutral heating possible and easy for every family. It offers complete solutions that include not only heating systems, but also photovoltaic systems, power storage, e-charging stations, and intelligent energy management systems.
Scalestack — Scalestack AI brings all of your GTM data together, suggests prioritized actions and helps your reps to execute your sales plays. Unlock a new level of sales productivity and generate more pipeline.

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

Investment focus

Retail, Medical, Wellness
Seed, Pre-Seed
United States, Belarus

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.
Fintech Farm — Creating successful neobanks in emerging markets

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.

Investment focus

E-Commerce, Software, Financial Services
Private Equity, Funding Round, Series A
Ukraine, Moldova, United States

Portfolio highlights

Maib — Moldova Agroindbank is a universal bank.
Viseven — Discover the future of pharma marketing with Viseven martech solutions. Elevate strategies, bridge gaps, and unlock growth!
GoIT — GoIT is an EdTech company that offers instructor-led in IT courses, coding boot camp, programming, and web design courses.

Investment focus

Software, Education, Artificial Intelligence
Seed, Series A, Pre-Seed
United States, Cyprus, United Kingdom

Portfolio highlights

99math — 99math is e-sports in school math! Global online tournaments for kids. They get excited and start achieving in math.
Peech — text to speech
Cooper Pet Care — Just Russel honden- en kattenvoeding op maat. Op basis van ras, leeftijd, gezondheid en gewicht. Makkelijker voor jou, beter voor je huisdier!

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

Investment focus

Health Care, Medical, Mobile
Funding Round, Seed, Pre-Seed
Ukraine, Estonia, United States

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 — Local literature screening will be under control with DrugCard. It's: continuous, regular, transparent, multi-language, and cost-effective.
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

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

Investment focus

Software, Artificial Intelligence, Blockchain
Pre-Seed, Seed, Series A
United States, Ukraine, Bahamas

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
AiSDR — Launch AI-powered outreach in 3 clicks. From finding prospects ready to buy to value-driven omnichannel conversations with multimedia. Get your demo
Iris Finance — Discover Iris Finance, the most innovative AI-powered finance platform for your consumer brand. Maximize profits effortlessly with real-time financial intelligence, data science insights, and strategic planning.

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

Investment focus

Education, Medical, Food and Beverage
Seed, Angel, Pre-Seed
United States, Spain, Ukraine

Portfolio highlights

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.
JOCO — JOCO Powers Delivery in Urban Environments. Our premium light electric vehicles (LEVs) are built to last and our platform removes all the hassle of owning, storing, charging and maintaining a LEV; just focus on doing the deliveries! With carbon emissions at an all time high, we’re on a pursuit to bring cleaner air to the world.
mint&rose — mint&rose is a fashion lifestyle brand that offers shoes, bags, and accessories collections made in Spain. The brand designs, manufactures, and retails Made-In-Spain, high quality, contemporary collections focusing in shoes bags and other accessories. They leveraging and preserving techniques that have been used for centuries, usinghigh-quality materials. mint&rose was founded in 2012 and is headquartered in Valladolid, Spain.

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.

Investment focus

Software, Information Technology, Enterprise Software
Seed, Funding Round, Series A
United States, Ukraine, Israel

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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