Flyer One Ventures
Flyer One Ventures is an early-stage venture capital fund investing up to €1.5M at pre-seed and seed in CEE and Ukrainian founders building global software, currently managing a €50M Fund V backed by IFC and EBRD across 95 portfolio companies.
- Company typePrivate
- Founded2021
- HeadquartersWarsaw, Poland
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Flyer One Ventures does
Flyer One Ventures (F1V) is an early-stage venture capital fund headquartered in Kyiv, Ukraine, with a stated operational presence in Warsaw, Poland. Founded by entrepreneurs associated with Genesis — one of the largest product tech venture builders in Central and Eastern Europe — the fund invests up to €1.5M per company (average €500k) at the pre-seed and seed stages, targeting CEE and Ukrainian founders building the application layer of global software. To date, F1V has deployed nearly €39M across 95 portfolio companies and currently manages Fund V, a €50M vehicle closed in July 2025 with institutional commitments from IFC (up to €5M) and EBRD (€6.5M).
F1V's core "product" is its capital, but the fund differentiates through a layered value-add stack: a proprietary F1V Founders Portal providing compensation benchmarking, a 100-CEO directory, and access to 20+ external experts; a negotiated Perks Program with AWS, Meta, HubSpot, Google, Stripe, and others delivering 50+ benefits claimed to save portfolio companies up to $400,000 annually; full-cycle talent acquisition support across LATAM, EMEIA, and the U.S.; global PR infrastructure; and a curated network of ~80 portfolio founders accessed via closed networking events and exclusive workshops. The fund sources deals through a community-led, event-driven, and structured inbound process, and positions itself as operator-led "smart money" with 55% of portfolio reaching Series A and more than 75% of founders rating F1V as the most helpful VC on their cap table.
The business model is standard VC economics: management fees on committed and invested capital (typically ~2% annually) plus carried interest on profitable exits. Realized exits to date include VOCHI (acquired by Pinterest, December 2021) and Allset (acquired by SoundHound AI, 2024), with two unicorn outcomes (Fintech Farm and Chipper Cash, the latter valued at $2B in 2021). Geographic exclusions include hardware, crypto, web3, game studios, capital-intensive businesses, and deep tech; F1V's portfolio spans B2B SaaS, AI, fintech, martech, edtech, logistics, and consumer software. The fund is privately held, with control resting with General Partner Vital Laptenok, Co-founder/Partner Oleksii Yermolenko, and Partner Elena Mazhuha, supported by a team of approximately 15+ members across investment, operations, talent acquisition, and communications.
Flyer One Ventures firmographics
Firmographics- Name
- Flyer One Ventures
- Legal name
- Flyer One Ventures
- Website
- https://flyerone.vc
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Flyer One Ventures is an early-stage venture capital fund investing up to €1.5M at pre-seed and seed in CEE and Ukrainian founders building global software, currently managing a €50M Fund V backed by IFC and EBRD across 95 portfolio companies.
- Ownership category
- akta.pro rank
Flyer One Ventures industry classification
Industry- Product category
- Early-Stage Venture Capital
- NAICS
- Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)
- SIC
- Investment Advice (6282), Loan Brokers (6163)
- akta.pro primary industry
- Early-Stage Venture Capital (Series A/B) (FSANAAAB)
- akta.pro secondary industry
- Accelerators & Incubators (Investor-Operated) (FSANAAAM)
Keywords
Where Flyer One Ventures is headquartered
LocationHeadquarters
- HQ city
- Warsaw
- HQ country
- Poland
- HQ region
- Europe
Offices2 records
Markets served
Flyer One Ventures business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Fund V — Limited Partner Commitments: F1V Fund V is a €50M early-stage venture fund with limited partner commitments, including up to €5 million from IFC and €6.5 million from the EBRD. Returns are generated via standard VC economics: management fees on committed/invested capital and carried interest (carry) on profitable exits of portfolio companies.
- Successful Exits (Carried Interest): F1V earns carried interest from successful portfolio company exits, such as VOCHI (acquired by Pinterest in December 2021) and Allset (acquired by SoundHound AI in 2024). Additional exits referenced in the 2025 fund report (€50M Fund V, 10 new investments, and an exit: F1V's 2025).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Pre-seed and seed tickets ranging from €350k to €1.5M, with €500k average check size. |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels8 records
Flyer One Ventures product offering
Product offeringCore offering
Flyer One Ventures is an early-stage venture capital fund that invests up to €1.5M (average €500k) at the pre-seed and seed stages in CEE and Ukrainian founders building the application layer of global software. It has deployed nearly €39M across 95 startups and operates a current €50M Fund V backed by IFC and EBRD. Around its capital deployment, F1V delivers hands-on portfolio support through a proprietary Founders Portal, a negotiated perks program, talent acquisition services, PR/communications, and an 80-founder networking community.
Product overview
Flyer One Ventures (F1V) is a single early-stage venture capital fund (not a software product). Its core service is capital deployment — investing up to €1.5M (average €500k) at pre-seed and seed in CEE and Ukrainian founders building global software, with nearly €39M deployed across 95 startups to date. The current Fund V is a €50M vehicle backed by IFC and EBRD. Around this core investment service, F1V offers several value-add modules to portfolio companies: the F1V Founders Portal (a members-only platform with perks, guides, and a directory), the F1V Perks Program (negotiated discounts with AWS, Meta, Google, HubSpot, Stripe, Notion, etc.), the F1V Workshops Program, the F1V Networking Program (closed events and 1:1 meetings across European cities), F1V Talent Acquisition Support (full-cycle hiring across LATAM/EMEIA/U.S.), F1V Communications/PR Support, and the public F1V Library (weekly published insights). F1V also maintains SFDR regulatory disclosures aligned with EU sustainability rules.
Differentiator
Problem solved
Functional benefit
Products and services
- Flyer One Ventures Early-Stage VC Fund Core venture capital fund investing up to €1.5M (average €500k) at the pre-seed and seed stages in CEE and Ukrainian founders building the application layer of global software; €39M deployed across 95 startups to date.
- Flyer One Ventures Fund V (€50M) The €50M fifth-generation fund of Flyer One Ventures, backed by IFC (up to €5M) and EBRD (€6.5M), focused on investing in Ukrainian and CEE founders.
- F1V Founders Portal An online platform provided to portfolio companies offering perks, benefits, an events agenda, workshops, in-depth recruitment market studies (U.S. and LATAM), a directory of 100 portfolio CEOs/CCOs/key employees, direct access to experts from 20+ external companies, and dozens of marketing, PR, and recruiting guides.
- F1V Perks Program Pre-negotiated discounts with AWS, Meta, HubSpot, Google, Zendesk, Notion, Amplitude, and Stripe plus 50+ benefits to help portfolio companies save up to $400k a year via exclusive promo codes.
Quantifiable outcome
- €39 million invested across 95 startups (cumulative)
- +8 more outcomes
Companies that use Flyer One Ventures
Customer profileNamed customers59 records
Segments3 records
Ideal customer profiles2 records
Flyer One Ventures technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration8 records
Feature2 records
Flyer One Ventures partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core and flagship.
- AWS (Amazon Web Services)coreF1V has negotiated with AWS (alongside Meta, HubSpot, Google, Zendesk, Notion, Amplitude, and Stripe) to provide portfolio companies with discounts for their services, as part of 50+ perks saving up to $400k a year.
- MetacoreF1V negotiated discounts with Meta (alongside AWS, HubSpot, Google, Zendesk, Notion, Amplitude, Stripe) for portfolio companies through the F1V perks program.
- HubSpotcoreF1V-negotiated HubSpot discount available to portfolio companies as part of the perks program (50+ benefits).
- GooglecoreF1V-negotiated Google discount available to portfolio companies as part of the perks program (50+ benefits).
- ZendeskcoreF1V-negotiated Zendesk discount available to portfolio companies as part of the perks program (50+ benefits).
- NotioncoreF1V-negotiated Notion discount available to portfolio companies as part of the perks program (50+ benefits).
- AmplitudecoreF1V-negotiated Amplitude discount available to portfolio companies as part of the perks program (50+ benefits).
- StripecoreF1V-negotiated Stripe discount available to portfolio companies as part of the perks program (50+ benefits).
- Genesis (venture builder)coreFounded by F1V General Partner Vital Laptenok, Genesis is the venture builder that previously developed global tech businesses born in CEE; F1V's operator DNA is rooted in Genesis.
- Pinterest (acquirer of VOCHI)flagshipIn December 2021, Pinterest acquired portfolio company VOCHI, representing a high-profile exit for the F1V portfolio (F1V sat on the board pre-exit).
- SoundHound AI (acquirer of Allset)flagshipIn 2024, SoundHound AI acquired portfolio company Allset, a notable F1V portfolio exit enabling AI voice ordering capabilities.
Scale indicators15 records
Recent moves7 records
Expansion highlights7 records
Flyer One Ventures competitors and assessment
Company assessmentDirect peers
- TA Ventures: Ukraine- and CEE-focused early-stage VC with a similar founder-led thesis and seed-stage check sizes. Direct peer given overlapping geography, stage focus, and operator background.
- Inovo VC: Polish early-stage VC investing in CEE founders at pre-seed and seed. Direct peer given overlapping CEE geography, recent co-investment with F1V in GRAI, and comparable application-layer software thesis.
- Speedinvest: Multi-stage European seed/early-growth VC with a CEE presence and recent co-investment with F1V in Tower.dev. Direct peer on European seed-stage geography and operator-led value-add model.
- RTP Global: Global early-stage VC founded by Target Global alumni investing across emerging markets and CEE. Direct peer in thesis of backing globally ambitious founders from emerging geographies at seed stage.
- Hoxton Ventures: London-based seed-stage VC investing across Europe including CEE at similar check sizes. Direct peer on early-stage European SaaS/consumer thesis and emerging-market founder backing.
Emerging players
- Khosla Ventures: US-based, AI-heavy seed-to-growth VC that co-led GRAI alongside F1V. Comparable as a high-conviction, founder-led seed investor but operates at much larger fund size and broader sector mandate.
Broad incumbents
- Index Ventures: Global multi-stage VC with a strong European presence investing across SaaS, fintech, AI, and consumer. Broad incumbent peer given overlapping application-layer software thesis and CEE founder outreach.
- Accel: Global seed-to-growth VC with a long-running European franchise (London). Broad incumbent peer given overlap in backing CEE/EU founders in B2B SaaS, fintech, and consumer software.
- Andreessen Horowitz (a16z): US-based multi-stage VC with a global a16z Scout Fund that co-invested in F1V's GRAI deal. Broad incumbent peer given overlap in application-layer software and global seed-stage ambition.
Regional players
- Roosh Ventures: Ukraine-rooted early-stage investor and operator that co-invested with F1V in Tower.dev. Regional peer with strong overlap in Ukrainian founder community and seed-stage checks.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks5 records
Key highlights7 records
Customer concentration
Flyer One Ventures social profiles
Digital presenceFlyer One Ventures compliance and trust
Trust signalCompliance1 record
Flyer One Ventures financial estimates
Financial estimateRevenue estimate
Valuation estimate
Flyer One Ventures leadership team
Management profileNumber of profiles
Profiles15 records
Flyer One Ventures subsidiaries and ownership
Company hierarchySubsidiaries1 record
Flyer One Ventures funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Flyer One Ventures M&A and investment
M&A and investmentM&A
Investments78 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Flyer One Ventures
What does Flyer One Ventures do?
Flyer One Ventures is an early-stage venture capital fund that invests up to €1.5M (average €500k) at the pre-seed and seed stages in CEE and Ukrainian founders building the application layer of global software. It has deployed nearly €39M across 95 startups and operates a current €50M Fund V backed by IFC and EBRD. Around its capital deployment, F1V delivers hands-on portfolio support through a proprietary Founders Portal, a negotiated perks program, talent acquisition services, PR/communications, and an 80-founder networking community.
Is Flyer One Ventures a public or private company?
Flyer One Ventures is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Flyer One Ventures founded?
Flyer One Ventures was founded in 2021. It employs 11 to 50 people.
Where is Flyer One Ventures based?
Flyer One Ventures is headquartered in Warsaw, Poland, in the Europe region.
How does Flyer One Ventures make money?
Two revenue lines are on record. Fund V — Limited Partner Commitments are the primary driver. The others are successful Exits (Carried Interest).
Who are Flyer One Ventures's main competitors?
Direct peers on record are TA Ventures, Inovo VC, Speedinvest, RTP Global and Hoxton Ventures. Khosla Ventures is listed as an emerging player. Broad incumbents are Index Ventures, Accel and Andreessen Horowitz (a16z). Roosh Ventures is listed as a regional player.
Does Flyer One Ventures have an API?
No public API is recorded for Flyer One Ventures.
What industry is Flyer One Ventures in?
Flyer One Ventures's product category is Early-Stage Venture Capital. Its primary akta.pro industry code is FSANAAAB, Early-Stage Venture Capital (Series A/B), with a secondary code of FSANAAAM, Accelerators & Incubators (Investor-Operated). Its NAICS code is 523940 and its SIC code is 6282.