What AVentures Capital does

AVentures Capital is an early-stage venture capital firm founded in 2014 by Andrey Kolodyuk and Yevgen Sysoyev, headquartered in Kyiv, Ukraine with a secondary office in San Francisco. The fund invests in Ukrainian technology startups targeting global markets, spanning sectors including machine learning, big data, AR/VR, SaaS, cloud, storage, enterprise software, web, mobile, and IoT. The portfolio of approximately 17 named companies includes Augmented Pixels (computer vision SLAM SDK), Petcube (connected pet devices sold in 18 countries), Spinbackup/Spin.AI (cloud-to-cloud backup and cybersecurity for Google Apps), Rallyware (workforce engagement SaaS), Depositphotos (microstock marketplace), Bookimed (medical tourism marketplace), Influ2 (ML-driven B2B ad tech), Solargaps (smart solar blinds), and Ciklum (IT outsourcing). The fund is operated by two co-founders who take a hands-on advisory approach, sitting on portfolio boards and leveraging their combined entrepreneurial track record (over 10 companies founded with $1B aggregate revenues). Co-founder Kolodyuk also chairs UVCA, the Ukrainian Venture Capital and Private Equity Association, embedding the fund in the local ecosystem infrastructure.

The firm generates returns through equity investments in portfolio companies and realizes gains on exits. Its largest exit to date is Spin.AI (originally backed as Spinbackup with ~$500K in 2017), which was sold following an investment by U.S. fund K1 Investment Management — described as the fund's most significant venture return and one of the largest Ukrainian-related VC transactions in the preceding 12 months. The fund's value proposition is a bridge between Ukrainian engineering talent and global capital and customer markets, with deal sourcing driven primarily by founder networks, UVCA community leadership, and direct outreach to Ukrainian founders with international ambitions. Pricing and fund economics are not publicly disclosed, consistent with typical private VC fund confidentiality.

From a competitive positioning standpoint, AVentures Capital competes less on capital scale and more on founder-level credibility, dual-market presence, and ecosystem leadership. Its structural advantages are the founders' cross-border networks (Ukraine + Silicon Valley), their recognition within the Ukrainian tech community (Kolodyuk: WEF Young Global Leader 2008, UVCA Chairman; Sysoyev: BrainBasket board member), and the structural cost advantage of Ukraine-based R&D teams serving global markets. The fund's risk profile is shaped by its geographic concentration in Ukraine, its dependence on a small number of outsized exits to drive returns, and limited public disclosure of fund size, AUM, and realized performance beyond the Spin.AI event.

Name

AVentures Capital

Legal name

AVentures Capital

Website

https://aventurescapital.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

AVentures Capital is an early-stage venture capital firm founded in 2014 in Kyiv, Ukraine, investing in Ukrainian software-technology startups (AI, SaaS, IoT, cybersecurity) targeting global markets, with a secondary presence in San Francisco and a portfolio of 10+ companies.

Ownership category

akta.pro rank

Product category

Venture Capital

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Venture Capital Fund-of-Funds / Multi-Manager Platforms (FSANAAAJ)

Keywords

• Venture capital investing
• Early-stage startups
• Technology investment fund
• Startup advisory services
• Ukrainian tech ecosystem

Headquarters

HQ city

Kyiv

HQ country

Ukraine

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Venture Capital Returns: AVentures Capital generates returns through equity investments in early-stage startups. The fund invests capital in exchange for ownership stakes and realizes returns through portfolio company exits. Notable exit includes Spin.AI sold to K1 Investment Management, which was their largest exit, with initial investment of approximately $500,000 made in 2017.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

AVentures Capital is an early-stage venture capital firm that provides equity capital investment and hands-on strategic advisory to Ukrainian technology startups targeting global markets. The fund invests across software technology domains including machine learning, big data, AR, VR, SaaS, cloud, storage, enterprise, web, mobile, and IoT, while also advising IT businesses and other funds on strategy and execution. Operations are split between Kyiv and San Francisco to support portfolio companies' international expansion.

Product overview

AVentures Capital is a venture capital firm that invests in early-stage Ukrainian startups across multiple technology sectors. The fund's portfolio consists of diverse companies offering B2B SaaS platforms (Rallyware, SIXA), IoT connected devices (Petcube, Solargaps), computer vision and AI technologies (Augmented Pixels, Influ2), cloud security solutions (Spinbackup, nuPSYS), digital marketplaces (Depositphotos, Bookimed), and various software services. The portfolio companies operate globally with Ukraine-based R&D teams, serving markets ranging from pet care and education to enterprise software and streaming media.

Differentiator

Problem solved

Functional benefit

Products and services

• Early-Stage Equity Investment Equity capital investment in early-stage software technology startups primarily sourced from Ukraine, targeting companies in machine learning, big data, AR, VR, SaaS, cloud, storage, enterprise, web, mobile, and IoT. The fund takes ownership stakes in exchange for capital deployment and provides ongoing advisory support.
• Strategic Advisory Services Hands-on advisory services covering strategy and execution for portfolio companies, IT businesses across all stages, and other venture funds. Founders leverage their operating experience (over 10 companies built with $1B+ combined revenues) to support strategic planning, execution optimization, and cross-border expansion.

Quantifiable outcome

• Spin.AI exit generated largest return in AVentures history with initial $500K investment in 2017

Named customers17 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability8 records

Partnerships

Two partnerships are on record, tiered core.

• UVCA (Ukrainian Venture Capital and Private Equity Association)coreStrategic or Co-development Partner · 1 August 2014Andrey Kolodyuk initiated the foundation of UVCA in August 2014 and was selected as Chairman in November 2014. UVCA is the Ukrainian Venture Capital and Private Equity Association focused on building and supporting the venture capital ecosystem in Ukraine.
• BrainBasket FoundationcoreStrategic or Co-development PartnerYevgen Sysoyev is a member of the Supervisory Board of BrainBasket Foundation, an NGO with a mission to improve IT education in Ukraine. The foundation supports technology education and workforce development initiatives.

Scale indicators4 records

Recent moves5 records

Expansion highlights3 records

Direct peers

• TA Ventures: CEE/Ukraine-focused early-stage venture capital firm investing in software and internet companies with global ambitions. Directly comparable by geography, stage, and sector focus.
• Genesis Investments: Ukrainian-founded early-stage VC backing tech startups in CEE and globally, with a similar founder-supportive model and Ukrainian talent thesis.
• Digital Future: US-Ukrainian early-stage venture capital firm investing in software and hardware startups. Directly comparable in dual-market presence and sector breadth.
• Chernovetskyi Investment Group: Ukrainian private investment group with venture and growth investments across technology and digital media. Comparable by Ukrainian origin and tech focus.
• ICU Ventures: Kyiv-based investment firm with venture and growth capital activities across Ukrainian tech and growth-stage companies. Comparable by geography and general tech focus, though more PE-oriented.

Regional players

• Horizon Capital: Ukraine-focused private equity firm with technology and growth-stage exposure across CEE. Comparable by Ukrainian tech thesis, though typically larger checks and later-stage than AVentures.

Broad incumbents

• 500 Global: Large global early-stage venture firm and accelerator backing thousands of startups across geographies. Comparable as a broad early-stage software investor, though materially larger.
• Techstars: Global early-stage investor and accelerator with active programs in Eastern Europe. Comparable as an early-stage software investor serving founder-led startups globally.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/aventurescapital
• LinkedInlinkedin.com/company/aventures-capital

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

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

M&A

Investments29 records

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

Frequently asked questions about AVentures Capital