# Varangians

> Varangians is a VC fund backing Space Travel and Internet Radio. See 2 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Total investments: 2
- Last investment: Dec 2025
- Lead investor: 50%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/varangians
- Website: https://varangians.se

Varangians is an investment firm.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $1M–$2.5M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Space Travel | 1 | 50% |
| Internet Radio | 1 | 50% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| HIMERA | Himera is a defense technology startup, manufactures communication radio stations. | $2.5M | Seed | Dec 18, 2025 |  |
| NORDA Dynamics | NORDA Dynamics is an autonomous UAV piloting system for carrying out missions in areas with limited connectivity. | $1M | Seed |  |  |

2 of 2 investments shown.

## Co-investors
- [Freedom Fund VC](https://shizune.co/investors/profile/freedom-fund-vc) — VC Fund, 2 deals together
- [Green Flag Ventures](https://shizune.co/investors/profile/green-flag-ventures) — VC Fund, 2 deals together
- [United Angels Network](https://shizune.co/investors/profile/united-angels-network) — VC Fund, 2 deals together
- [Angel One](https://shizune.co/investors/profile/angel-one-61f2) — VC Fund, 1 deal together
- [Big Defence](https://shizune.co/investors/profile/big-defence) — VC Fund, 1 deal together
- [MITS Capital](https://shizune.co/investors/profile/mits-capital) — VC Fund, 1 deal together

## Similar investors

### Similar industry
- [Accel](https://shizune.co/investors/profile/accel) — VC Fund
- [Kleiner Perkins](https://shizune.co/investors/profile/kleiner-perkins-caufield-byers) — VC Fund
- [True Ventures](https://shizune.co/investors/profile/true-ventures) — VC Fund

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund

### Similar country
- [Ukrainian Startup Fund](https://shizune.co/investors/profile/ukrainian-startup-fund) — VC Fund
- [SMRK VC Fund](https://shizune.co/investors/profile/smrk-vc-fund) — VC Fund
- [European Bank for Reconstruction and Development](https://shizune.co/investors/profile/european-bank-for-reconstruction-and-development-ebrd) — VC Fund

## Featured in investor lists
- [All VC Funds in Ukraine](https://shizune.co/investors/vc-funds-ukraine)
- [Transportation Investors in Ukraine](https://shizune.co/investors/transportation-investors-ukraine)
- [Transportation VC Funds in Ukraine](https://shizune.co/investors/transportation-vc-funds-ukraine)

## FAQ

### What does Varangians invest in?

Varangians invests primarily in Space Travel and Internet Radio startups, most often at Seed stage. Most of the 2 investments tracked by Shizune back companies in Ukraine. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Varangians's check size?

Varangians typically joins rounds of $1M–$2.5M at Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Varangians participates in.

### When did Varangians last invest?

The most recent investment recorded for Varangians closed in Dec 2025. Shizune tracks 2 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### 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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