Dragon Capital

Name

Dragon Capital

Legal name

Dragon Capital

Website

https://dragon-capital.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Investment Banking

NAICS

Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Portfolio Management and Investment Advice (52394), Other Financial Investment Activities (5239), All Other Financial Investment Activities (52399)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Investment Advice (6282)

akta.pro primary industry

Corporate Finance & Capital Advisory (BPAHADAB)

akta.pro secondary industries

Capital Raising Advisory (Debt/Equity/Private Capital) (BPAHADAG), Capital Raising Advisory (Equity & Equity-Linked) (FSAEAGAC), Equity Capital Advisory (Private Equity Placements, Growth Capital) (BPAHAOAE), Equity Capital Markets Advisory (Equity Issuance Strategy & Readiness) (FSACAAAI)

Keywords

• Investment banking services
• Equity capital markets
• Private equity funds
• Securities brokerage
• Custody services

Headquarters

HQ city

Kyiv

HQ country

Ukraine

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. Investment Banking - Equity Capital Markets (ECM): Raising equity capital for Ukrainian companies through IPOs and private placements. Dragon Capital has raised nearly $10 billion from 2006 in equity capital for companies across nearly all sectors of the economy, ranking #1 in number of ECM deals completed.
2. Investment Banking - Debt Capital Markets (DCM): Debt financing including sovereign and quasi-sovereign debt, Eurobonds, structured finance, bilateral debt, local corporate and municipal bonds. Dragon Capital dominates the Ukrainian debt market.
3. M&A Advisory: Helping mid-sized and large multinational companies navigate acquisitions in Ukraine, evaluate local markets, develop entry strategies, and complete acquisitions. Also advises on selling businesses.
4. Sales and Trading: Ukraine's largest equity broker with market-leading fixed income desk trading Eurobonds and domestic debt. Acts as market maker in both domestic and international debt instruments. Services include equity sales, fixed income sales, and trading.
5. Custody Services: Full range of custody services to institutional and retail clients and issuers. Market leader by number of transactions processed in Ukraine, including securities accounts, safekeeping, settlement, income processing, corporate actions, and reporting.
6. Private Markets / Private Equity: Managing private equity funds (Rebuild Ukraine Fund, Dragon Capital New Ukraine Fund, Europe Virgin Fund), infrastructure funds (Amber Dragon Ukraine Infrastructure Fund I), and real estate investments. Revenue from fund management fees and carried interest.
7. Retail Brokerage Services: Full-range brokerage services for individuals including brokerage (stocks and bonds), government bonds (OVDP), military bonds, Eurobonds, and custody services.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels7 records

Core offering

Dragon Capital operates as Ukraine's largest independent investment bank, providing equity capital markets (ECM), debt capital markets (DCM), M&A advisory, sales and trading across Ukrainian equities and fixed income, comprehensive macroeconomic and equity research, custody services, and private market fund management (private equity, infrastructure, and real estate). The firm manages approximately $1 billion in AUM and has raised more than $10 billion for clients through 130+ transactions since inception, also serving retail investors with brokerage, government bonds (OVDP), and military bonds.

Product overview

Dragon Capital is Ukraine's largest independent investment bank and private investment management firm offering a comprehensive suite of financial services. The company operates as an integrated platform combining Investment Banking (ECM, DCM, M&A Advisory), Private Markets (Private Equity, Infrastructure, Real Estate), Sales and Trading, and Research. Key products include multiple investment funds: Rebuild Ukraine Fund (REBUF) for private equity, Amber Dragon Ukraine Infrastructure Fund I (ADUIF) for infrastructure, Dragon Capital New Ukraine Fund (DCNUF), and Europe Virgin Fund (EVF). For retail clients, Dragon Capital offers government bonds (OVDP), military bonds, and custody services. The firm also operates Power One, an energy initiative developing distributed generation assets, and provides principal investments across retail, food processing, machine building, and real estate sectors.

Differentiator

Problem solved

Functional benefit

Brands

• Rebuild Ukraine Fund (REBUF): Generalist private equity fund focused on financing resilient Ukrainian businesses, targeting SMEs and mid-cap companies with $250 million target size.
• Amber Dragon Ukraine Infrastructure Fund I (ADUIF I)
• Dragon Capital New Ukraine Fund (DCNUF)
• Europe Virgin Fund (EVF)
• Power One
• KP-Dragon Index

Products and services

• Investment Banking
• Private Markets
• Sales and Trading
• Research
• Principal Investments
• Custody Services
• Rebuild Ukraine Fund (REBUF)
• Amber Dragon Ukraine Infrastructure Fund I (ADUIF)
• Dragon Capital New Ukraine Fund (DCNUF)
• Europe Virgin Fund (EVF)
• Government Bonds (OVDP)
• Military Bonds
• Retail Brokerage Services
• Power One

Quantifiable outcome

• Raised over $10 billion in new capital through 130+ deals since inception
• +2 more outcomes

Named customers15 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core.

• Negen (Ukraine)coreStrategic or Co-development Partner · 26 June 2026Energy company partnering with Dragon Capital through EBRD financing for Power One project. Negen co-founded Power One which is building distributed power generation assets including gas-fired generation and battery storage systems across Ukraine.
• Multilateral Investment Guarantee Agency (MIGA)coreStrategic or Co-development Partner · 31 March 2026MIGA provides 10-year war risk guarantee for M10 Lviv Industrial Park, enabling development near the Polish border. This guarantee supports the project's viability despite ongoing hostilities.
• Amber InfrastructurecoreStrategic or Co-development Partner · 1 January 2026Dragon Capital and Amber Infrastructure co-manage Amber Dragon Ukraine Infrastructure Fund I (ADUIF I), the first-ever specialized infrastructure fund investing fully in Ukraine. The partnership focuses on energy, transport, and digital infrastructure projects supporting Ukraine's reconstruction. Amber brings demonstrated expertise in international infrastructure investment with track record overseeing investment of approximately €1 billion across Central and Eastern European markets.
• Auerbach, Grayson & Co.coreChannel Partner/ Reseller/ DistributorDragon Capital has an exclusive cooperation agreement with US-based Auerbach, Grayson & Co., making Dragon the sole investment bank in Ukraine with access to their broad network of US institutional investors.

Scale indicators16 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Concorde Capital: Ukrainian investment bank offering ECM, DCM, M&A advisory, brokerage, and asset management, with direct overlap in Ukrainian mid-to-large cap deal flow. Direct local competitor to Dragon Capital's investment banking and trading franchise.
• ICU Group: Kyiv-based investment company providing investment banking, asset management, and securities trading in Ukraine. Direct competitor across ECM/DCM advisory, fixed income trading, and government bond brokerage where Dragon Capital dominates.
• Horizon Capital: Ukraine-focused private equity firm managing multiple growth equity funds backed by EBRD, IFC, and Western institutional LPs. Directly comparable as a Ukraine PE platform with overlapping LP base and fund strategy.
• SigmaBleyzer: Texas-based private equity firm with one of the largest dedicated CEE/Ukraine investment portfolios, including The Bleyzer Foundation. Directly comparable as a long-duration Ukraine/EM PE investor with parallel fund vintages.
• Renaissance Capital: Historically the leading CIS/EM-focused investment bank providing ECM, equities research, and brokerage. Closest historical analog as a regional IB franchise covering frontier markets with institutional research distribution.

Broad incumbents

• Mid Europa Partners: One of the largest Central European PE firms, having deployed billions across the region. Comparable as a CEE/EM PE platform with institutional LPs, though more regional than Ukraine-concentrated.
• Advent International: Global private equity firm with significant Central/Eastern European and emerging markets exposure. Comparable as a large-scale EM PE platform with institutional LPs and operating capability.
• BlackRock: Global asset manager with EM/CEE mandates. Comparable as a massive-scale AUM-driven investment platform, providing benchmarks for AUM multiples and fund management economics relevant to Dragon Capital's $1B AUM business.
• Citigroup: Global universal bank with emerging markets investment banking, sales & trading, and custody businesses. Comparable as a full-service institutional platform relevant to understanding Dragon Capital's positioning as a scaled local incumbent.

Others

• EBRD (European Bank for Reconstruction and Development): Core investor and partner across REBUF, ADUIF I, and the European Flagship Fund for Ukraine Reconstruction. Not a direct competitor but the dominant capital provider shaping Ukraine's financial ecosystem in which Dragon Capital operates.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/DragonCapitalUkraine

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries5 records

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments8 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Dragon Capital