ICU Ventures
VC Fund
Kyiv, Ukraine
ICU Ventures is a venture investment branch of ICU, an independent asset management, private equity and investment advisory firm specialising in the emerging markets of CEE. Our main focus are early stage technology companies with Eastern European roots. This means it's preferable for us that either Founders or Engineering & Softwaredevelopment are from/located in Eastern Europe. We provide companies not only with a necessary capital but also with strategic support and a network of contacts in order to expand them internationally. Apart from gaming and gambling ICU is interested in investing across all the sectors.
- Total investments:
- 29
- Last investment:
- Lead investor:
- 17%
Last updated:
For AI agents: llms.txt
Industries ICU Ventures invests in
Stages ICU Ventures invests in
Countries ICU Ventures invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Round size
- Seed
- $1M–$1.8M
- Series A
- $25k–$20M
- Convertible Note
- $1.1M–$2M
Investment Focus
Industry
- Software 6 (21%)
- FinTech 4 (14%)
- Financial Services 4 (14%)
- Hardware 3 (10%)
- Computer Vision 3 (10%)
Stage
- Seed 5 (17%)
- Series A 5 (17%)
- Convertible Note 4 (14%)
- Series B 2 (7%)
- Series C 1 (3%)
Country
- United States 9 (31%)
- Pakistan 2 (7%)
- Egypt 1 (3%)
- Brazil 1 (3%)
- Germany 1 (3%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
|
Giles Farley
Director
|
Director | Total investments: 0 | Find email | |
|
Makar Paseniuk
Founder
|
Founder | Total investments: 0 | Find email | |
|
Roman Nikitov
Co-Head of Venture Capital and Tech Investments
|
Co-Head of Venture Capital and Tech Investments | Total investments: 4 | Find email | |
|
Konstantin Stetsenko
Founder
|
Founder | Total investments: 0 | Find email | |
|
Yana Mashenskaya
Analyst
|
Analyst | Total investments: 0 | Find email | |
| See all 6 team members → | ||||
Investments
| Company | Description | Round | Links |
|---|---|---|---|
|
|
Khazna is an Egyptian company that aims to improve and expand financial services for Egyptians through the mobile application. | $16M / Series B / Feb 04, 2025 | |
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|
Smartlane is a courier company that offers E-commerce delivery and operations solutions. | Seed / Jan 01, 2024 | |
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|
Gringo is a car app that helps in monitoring vehicle and driver's licenses, licensing vehicles and dividing fines into installments. | $27.1M / Series C / Sep 26, 2023 | |
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|
Founded by Jeffrey Liu and Justin Louie, Jenfi is an alternative revenue-based financing company for digital-native businesses and startups for Southeast Asia. Branded as Growth Capital as a Service (GCaaS), the asset class offers non-dilutive capital of up to US$500,000 for businesses to scale through marketing, inventory, and growth campaigns.Jenfi’s proprietary risk assessment engine is able to determine the creditworthiness of a business and also how efficient they are with their growth spending. Based on the assessment, Jenfi provides a more flexible and non-dilutive financing option for businesses. To date, Jenfi has backed over 100 businesses including B2B and SaaS businesses such as Tier One Entertainment, Pay With Split, and Homebase. Jenfi expects to deploy US$15 million in non- dilutive capital by July 2022. Prior to Jenfi, Jeffrey and Justin successfully built and exited fitness subscription company GuavaPass. Find out more at www.jenfi.com | $6.6M / Series B / May 15, 2023 | |
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|
Our mission is to make digital advertising easy and efficient. In our vision, human involvement in ads creation and optimization should be minimized. To get the maximum possible returns on advertising investments, people must focus on improving the product/service quality - the ads can be fully automated by software. | $1.5M / Seed / Jun 27, 2022 | |
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Hubpay is an independently regulated provider of cross-border money services designed to increase financial inclusion in emerging markets. | $20M / Series A / Feb 08, 2022 | |
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Gorillas is a grocery delivery provider as it aims to aggregate supermarket product ranges delivered to consumers within 10 minutes of ordering. Gorillas help customers get what they need when they need it. The company was founded in May 2020 and headquartered in Berlin, Germany. | $1B / Series C / Oct 20, 2021 | |
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Revenue Grid empowers those who drive revenue by turning data into actionable intelligence. Leveraging our world-leading CRM activity capture technology, we prioritize a data-first approach to revenue intelligence, generating real-time actionable insights from all your customer interactions. Revenue Grid is highly configurable to meetthe unique needs of your organization, delivering value to all revenue-generating roles. With seamless integration capabilities, our solution fits right into your existing workflows and sales force automation platforms such as Salesforce. From AI-guided selling to accurate forecasting and enhanced pipeline visibility, Revenue Grid is your all-encompassing solution for revenue success. Trusted by companies across industries, including Hilton, Baxter, and Slalom, we have won prominent awards, like a spot in G2’s Top 50 Sales Products for 2023, and ranked highly by leading analyst firms. And with a rich legacy spanning over 15 years, we’re proud partners of global tech leaders like Oracle, Microsoft, and SAP. Whether you're setting strategy as a sales leader or driving its execution in an operational or frontline role, choose Revenue Grid for actionable revenue intelligence that fuels growth. | $20M / Series A / Sep 01, 2021 | |
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Revenue Grid empowers those who drive revenue by turning data into actionable intelligence. Leveraging our world-leading CRM activity capture technology, we prioritize a data-first approach to revenue intelligence, generating real-time actionable insights from all your customer interactions. Revenue Grid is highly configurable to meetthe unique needs of your organization, delivering value to all revenue-generating roles. With seamless integration capabilities, our solution fits right into your existing workflows and sales force automation platforms such as Salesforce. From AI-guided selling to accurate forecasting and enhanced pipeline visibility, Revenue Grid is your all-encompassing solution for revenue success. Trusted by companies across industries, including Hilton, Baxter, and Slalom, we have won prominent awards, like a spot in G2’s Top 50 Sales Products for 2023, and ranked highly by leading analyst firms. And with a rich legacy spanning over 15 years, we’re proud partners of global tech leaders like Oracle, Microsoft, and SAP. Whether you're setting strategy as a sales leader or driving its execution in an operational or frontline role, choose Revenue Grid for actionable revenue intelligence that fuels growth. | $20M / Series A / Sep 01, 2021 | |
|
|
Founded by Jeffrey Liu and Justin Louie, Jenfi is an alternative revenue-based financing company for digital-native businesses and startups for Southeast Asia. Branded as Growth Capital as a Service (GCaaS), the asset class offers non-dilutive capital of up to US$500,000 for businesses to scale through marketing, inventory, and growth campaigns.Jenfi’s proprietary risk assessment engine is able to determine the creditworthiness of a business and also how efficient they are with their growth spending. Based on the assessment, Jenfi provides a more flexible and non-dilutive financing option for businesses. To date, Jenfi has backed over 100 businesses including B2B and SaaS businesses such as Tier One Entertainment, Pay With Split, and Homebase. Jenfi expects to deploy US$15 million in non- dilutive capital by July 2022. Prior to Jenfi, Jeffrey and Justin successfully built and exited fitness subscription company GuavaPass. Find out more at www.jenfi.com | $6.3M / Series A / Aug 17, 2021 | |
| See all 29 investments → | |||
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FAQ
What does ICU Ventures invest in?
ICU Ventures invests primarily in Software, FinTech and Financial Services startups, most often at Seed and Series A stage. Most of the 29 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is ICU Ventures's check size?
ICU Ventures typically joins rounds of $1M–$1.8M at Seed, $25k–$20M at Series A and $1.1M–$2M at Convertible Note. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds ICU Ventures participates in.
How do I contact ICU Ventures?
Public channels for ICU Ventures include LinkedIn, the website linked on this profile and Facebook. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at ICU Ventures?
The team at ICU Ventures includes Giles Farley (Director), Makar Paseniuk (Founder) and Roman Nikitov (Co-Head of Venture Capital and Tech Investments), among 6 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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