What UFuture does

UFuture is a privately held Ukrainian holding company founded in 2017 by entrepreneur Vasyl Khmelnytsky that integrates diversified business and impact-investment projects across real estate, infrastructure, industry, renewable energy, pharmaceuticals, and IT. The company reports an estimated asset value of approximately $500 million and total capitalization of invested businesses of up to $1 billion, and operates from a Kyiv headquarters at UNIT.City with international offices in Brussels (Belgium, UFuture Investment Group BVBA) and Limassol (Cyprus).

Core operating assets include UNIT.City, Ukraine's first innovation park in Kyiv, with LEED Silver-certified B11 campus, a B12 building shortlisted for the Mies van der Rohe Award, a 5G Lab launched in October 2021 with the Ministry of Digital Transformation, and five additional 70,000 sq m business campuses being built by ICG Kovalska using BIM technology with a $70+ million commitment. ucode IT Academy is the group's EduTech product, using Challenge Based Learning and Oracle-automated code verification with industry partners Ajax Systems, Ubisoft, CISCO and ITernal Group. UDP Renewables operates a 570 MW solar and wind portfolio (including the 24.4 MW Gudzovka-Solar plant producing 33,600 MWh/year) in partnership with ACCIONA (Spain, €21 million Gudzovka-Solar investment) and Nebras Power (Qatar). Other core assets include majority-owned Kyiv Sikorsky International Airport (1.42 million passengers in 2021), the 70+ hectare Bila Tserkva Industrial Park (six operating residents, ~$250 million targeted investment), BIOFARMA biopharmaceutical facility (operational since 2015), Unit School of Business, and the K.Fund foundation for social/education projects.

UFuture generates revenue through a mix of asset appreciation, operational profits of portfolio companies, real-estate leasing of innovation and industrial parks, electricity generation from renewable plants, airport aeronautical and non-aeronautical services, IT-education tuition, pharmaceutical production, and strategic divestments (notably ITernal Group sold to UST in January 2022 and LvivTech.City sold in June 2024 to optimize the asset portfolio). Customers span tech startups and IT employers (UNIT.City tenants, partners like GlobalLogic and MobiDev), airlines (Wizz Air at Kyiv Sikorsky), industrial tenants (VIRASTAR, Nova Poshta), energy consumers (13,000+ households via Gudzovka-Solar), IT students (ucode) and Ukrainian authorities (5G Lab, Innovation Campus). The holding's ecosystem model intentionally cross-references real-estate development (UDP), talent pipeline (ucode), energy supply (UDP Renewables) and community infrastructure (UNIT.City) to reinforce portfolio resilience and long-term Ukraine competitiveness.

Name

UFuture

Legal name

UFUTURE INVESTMENT GROUP BVBA

Website

https://ufuture.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

UFuture is a private Ukrainian holding company founded in 2017 by Vasyl Khmelnytsky that integrates diversified business and impact-investment projects across real estate, infrastructure, renewable energy, pharmaceuticals, and IT, with an estimated $500 million asset base and up to $1 billion total capitalization of invested businesses.

Ownership category

akta.pro rank

Headquarters

HQ city

Kyiv

HQ country

Ukraine

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Asset Portfolio Management: UFuture generates returns through ownership and development of diversified assets including real estate developments (innovation parks, residential), infrastructure (airport), industrial facilities, renewable energy plants, and pharmaceutical manufacturing. Revenue derived from asset appreciation, operational profits of portfolio companies, and strategic divestments.
2. Renewable Energy Generation: UDP Renewables (UFuture portfolio company) operates solar power plants and wind energy projects generating electricity revenue. Gudzovka-Solar plant has 24.4 MW peak capacity generating ~33,600 MWh/year. Terslav PV PP has 20 MW capacity. Strategic partnerships with ACCIONA and Nebras Power Qatar.
3. IT Education Services: ucode IT Academy generates revenue from educational programs in programming and software development. Programs include IoT/GameDev world, DevOps world, Full Stack world, and free programs for starting IT careers. Revenue also comes from partnerships with tech companies (Ajax Systems, Ubisoft, CISCO, ITernal Group).
4. Real Estate Development: UDP (Ukrainian Development Partners) develops innovation parks, business campuses, and industrial facilities. Revenue from leasing and selling office/industrial space. Five business campuses totaling 70,000 sq m under construction by Kovalska at UNIT.City.

Go-to-market motion2 records

Distribution channels6 records

Marketing channels6 records

Core offering

UFuture is a Ukrainian holding company that invests in, develops, and operates a diversified portfolio of innovation-infrastructure assets including the UNIT.City and LvivTech.City innovation parks, the Bila Tserkva Industrial Park, UDP Renewables solar and wind projects, Kyiv Sikorsky International Airport, the Biopharma pharmaceutical manufacturing facility, the ucode IT Academy, and the Unit School of Business. The company generates revenue through asset ownership, leasing of innovation and industrial space, sale of energy and pharmaceutical products, IT and business education tuition, and equity returns from strategic divestments.

Product overview

UFuture is a diversified Ukrainian holding company that operates primarily as an innovation ecosystem and infrastructure provider. The company manages multiple distinct business units including: UNIT.City (innovation park in Kyiv), ucode IT Academy (IT education), UDP Renewables (renewable energy), Kyiv International Airport, and Bila Tserkva Industrial Park. UFuture functions as a platform-plus-multiple-units architecture, where the core innovation ecosystem brings together real estate development, technology education, and industrial infrastructure. Additional portfolio companies include business education (Unit School of Business), acceleration hubs (Sector X, NEST), and technology platforms (5G Lab). The portfolio companies operate as independent business units under the UFuture umbrella, connected through shared physical innovation park locations and educational initiatives.

Differentiator

Problem solved

Functional benefit

Products and services

• UNIT.City Innovation Park Innovation park and ecosystem for technology companies, startups, and creative industries, located in Kyiv. Provides offices, co-working (including Spaces by IWG), business campuses, community events, acceleration programs (NEST Hub, Sector X), and the 5G Lab, with LEED-certified campuses built using BIM construction technology. For tech companies, startups, R&D centers, and accelerators.
• ucode IT Academy IT education program offering a 24/7 hybrid on-campus (UNIT.City Kyiv, Innovation Campus Kharkiv) plus online learning model using Challenge Based Learning and peer-to-peer methodology, with Oracle automated code verification. Programs include IoT/GameDev world (Ajax Systems, Ubisoft), DevOps world (CISCO), and Full Stack world (ITernal Group). For aspiring programmers, career changers, and IT students.
• UDP Renewables (solar and wind energy generation) Investment and development of solar and wind energy projects in Ukraine with a 570 MW project portfolio and a 300+ MW target capacity. Generates electricity sold to the Ukrainian power grid and industrial consumers, with the Gudzovka-Solar plant alone supplying energy to approximately 13,000 households and reducing CO2 emissions by 30,000 tons per year. For utilities, industrial energy consumers, and grid operators.
• Kyiv Sikorsky International Airport International airport named after aircraft designer Igor Sikorsky, with UFuture as majority shareholder. Provided airport services to 1,418,153 passengers in 2021 across 19,374 flights, with Wizz Air expanding with 5 new aircraft and 12 new routes. Features the ARPAN biometric verification system for identity checks. For airlines (Wizz Air, Ernest Airlines, flydubai, Nordica) and passengers.
• Bila Tserkva Industrial Park Industrial park spanning 70+ hectares offering industrial land with engineering infrastructure and ready-made production, logistics, and storage facilities for rent or purchase. Reduces typical industrial plant development cycles from 9-12 months to 3-6 months and saves tenants an estimated $200-300K versus market prices. Six resident companies operating as of early 2022 with five more plants under construction as part of Phase 1. For manufacturing companies and logistics operators.
• Biopharma pharmaceutical manufacturing Innovative biopharmaceutical research and production facility in Bila Tserkva, operational since June 2015. Submitted COVID-19 pathogen detection complexes to Ukrainian Ministry of Health labs in March 2020. For pharmaceutical distributors and the Ukrainian public health system.
• Unit School of Business Business school located at UNIT.City innovation park offering programs (Build, Start, Weekend, Anticrisis, and 100-day Business Coaching) for entrepreneurs and their teams. Programs run 10 weeks (2-3 months) with 80% practical work on the student's own business, adapted from UC Berkeley methodology. For SME owners, founders, and entrepreneur teams.
• Innovation Campus at NTU KhPI (Kharkiv) Educational cluster at NTU KhPI combining theoretical university training with practical IT skills, built on a 2,700 sq m renovated building with educational spaces, conference hall, co-working, and club offices for up to 300 students. Funded with UAH 8 million from UFuture and NIX Solutions and UAH 10 million from K.Fund for equipment. Students receive internship opportunities at GlobalLogic and MobiDev. For university students and partner IT employers.

Quantifiable outcome

• Kyiv Sikorsky Airport doubled passenger traffic to 1,418,153 in 2021 despite pandemic, with forecasts accurate to 98%
• +5 more outcomes

Named customers14 records

Segments7 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

26 partnerships are on record, tiered core, minor and major.

• Nova PoshtacoreOthers · 22 March 2022Nova Poshta partnered with K.Fund during the 2022 war to distribute humanitarian aid across Ukraine. Nova Poshta is also a resident of Bila Tserkva Industrial Park with a 4,000 sq m logistics depot.
• KPMGminorOthers · 22 March 2022KPMG joined K.Fund's humanitarian aid effort during the 2022 Russian invasion of Ukraine, providing professional support for the charity operations.
• UkrzaliznytsiaminorOthers · 22 March 2022Ukrzaliznytsia (Ukrainian Railways) partnered with K.Fund during the 2022 war to support logistics for humanitarian aid distribution across Ukraine.
• FTI ConsultingminorOthers · 22 March 2022FTI Consulting joined K.Fund's humanitarian effort during the 2022 Russian invasion of Ukraine, providing consulting support for the charity operations.
• Ukrainian Red CrosscoreOthers · 22 March 2022Ukrainian Red Cross partnered with K.Fund, using the Bila Tserkva Industrial Park (remodeled into a logistics center) to distribute humanitarian aid around Kyiv and central Ukraine.
• National Technical University Kharkiv Polytechnic Institute (NTU KhPI)coreStrategic or Co-development Partner · 27 January 2022UFuture and K.Fund partnered with NTU KhPI to open Innovation Campus — a modern educational cluster combining theoretical university training with practical IT skills. UAH 8 million from UFuture and NIX Solutions for construction; UAH 10 million from K.Fund for equipment including 120 Apple computers. Ucocode specialists developed a four-year innovative educational program. Up to 300 students can study at the campus.
• K.Fund (Vasyl Khmelnytsky Foundation)coreStrategic or Co-development Partner · 27 January 2022K.Fund provided UAH 10 million for equipment of Innovation Campus at NTU KhPI, including 120 modern Apple computers. K.Fund is part of UFuture ecosystem supporting education and economic development. During the 2022 war, K.Fund refocused entirely on humanitarian aid, delivering medicines, food, mobile energy infrastructure, and specialized transport to Ukraine through EU-based logistics.
• NIX Solutions (Kharkiv IT Company)majorStrategic or Co-development Partner · 27 January 2022Kharkiv-based NIX Solutions, a Ukrainian IT company, co-funded UAH 8 million for construction of Innovation Campus at NTU KhPI when state funding was delayed at end of 2020. Part of UFuture's ecosystem development in Kharkiv.
• 5G Lab at UNIT.CitymajorTechnology or Integration · 28 October 20215G Lab opened at UNIT.City innovation park on October 28, 2021, in partnership with the Ministry of Digital Transformation. This is Ukraine's first 5G technology platform in an innovation ecosystem, enabling testing and development of 5G applications.
• Osvitoria (Ukrainian NGO)minorStrategic or Co-development Partner · 21 September 2021Osvitoria, a non-profit public organization, partnered with K.Fund and ucode connect to deliver programming education to schools across Ukraine under the K.Fund School project.
• LenovominorOthers · 21 September 2021Lenovo partnered with K.Fund and ucode connect as part of the K.Fund School project to deliver IT education to Ukrainian schools.
• INDAX Production AcceleratormajorStrategic or Co-development Partner · 9 June 2021INDAX, a system platform for supporting and scaling small and medium businesses in the industrial sector, partnered with UFuture to accelerate companies in the Bila Tserkva Industrial Park. VIRASTAR completed INDAX acceleration before becoming an industrial park resident. INDAX focuses on sectors where Ukrainian products can compete with Chinese and European goods.
• Diia.Business (Ukrainian Government)minorStrategic or Co-development Partner · 13 March 2021Diia.Business national entrepreneurship development project collaborates with K.Fund's Small and Medium Entrepreneurship School to support entrepreneurs across Ukraine.
• European Clean Hydrogen AlliancemajorStrategic or Co-development Partner · 11 March 2021UDP Renewables (UFuture strategic investor) joined the European Clean Hydrogen Alliance established by the European Commission under the '402 GW New Hydrogen Production Capacity Initiative'. UDP Renewables' project portfolio of 570 MW of solar and wind energy enables industrial-scale hydrogen technology installation. Ukraine received a quota for 10 GW of hydrogen capacity. Alliance includes EDF, E.ON, BMW, GE, Airbus, Alstom, BASF, Bosch, and over two dozen Ukrainian companies.
• Ministry of Digital Transformation of UkrainemajorStrategic or Co-development Partner · 10 March 2021Ministry of Digital Transformation signed a memorandum with UNIT.City and announced 5G internet testing in the innovation park. UNIT.City opened a 5G Lab on October 28, 2021, as Ukraine's first 5G technology platform in an innovation ecosystem.
• UAE Public Investment Fund (Mubadala)majorStrategic or Co-development Partner · 16 February 2021UFuture and UNIT.City signed a memorandum with the UAE public investment fund during an official UAE delegation visit, exploring investment and cooperation opportunities in innovation infrastructure.
• O2IT.Recruitment (UNIT.Recruitment)minorChannel Partner/ Reseller/ Distributor · 1 February 2021O2IT.Recruitment merged with UNIT.City as a partner under the new brand UNIT.Recruitment, integrating recruitment services into the innovation park ecosystem.
• Ministry of Education and Science of UkraineminorOthers · 27 January 2021Ukraine's Ministry of Education and Science provided support for the Innovation Campus project at NTU KhPI, endorsing the transition from declarative to project-based learning scheme developed by UFuture's ucode specialists.
• ACCIONA (Spain)coreStrategic or Co-development Partner · 5 November 2020ACCIONA, a world-leading Spanish renewable energy company operating in 20 countries, partnered with UDP Renewables to commission two stages of Gudzovka-Solar power plant in Izmail, Odessa region. Investment of approximately €21 million. ACCIONA's initial entry into Ukrainian market with €54.7 million initial investment. The partnership aims to develop Ukraine's renewable energy sector and demonstrate investment attractiveness to international strategists.
• ICG KovalskacoreStrategic or Co-development Partner · 24 September 2020ICG Kovalska, Ukraine's leading construction materials producer and developer valued at $520 million with 13 enterprises and over 4,500 employees, partnered with UFuture to invest $70+ million in five new business campuses (70,000 sq m total) at UNIT.City innovation park. Construction using BIM technologies, LEED Silver certification targeted. Kovalska hired APA Wojciechowski (European architectural firm) and TEBIN (international engineering company). Expected completion in four years.
• APA Wojciechowski (Architectural Firm)majorImplementation/ SI/ Consulting Partner · 24 September 2020European architectural firm APA Wojciechowski was hired by Kovalska to design new business campuses (B04, B06) at UNIT.City innovation park. B04 has a dynamic three-dimensional crystal shape; B06 is a seven-storey building with cantilevered two-storey extension.
• TEBIN EngineeringmajorImplementation/ SI/ Consulting Partner · 24 September 2020International engineering company TEBIN hired by Kovalska for development of UNIT.City campus projects, providing engineering expertise for B04 and B06 campus construction.
• Global Eco-Industrial Parks Programme (GEIPP)majorStrategic or Co-development Partner · 12 March 2020Bila Tserkva Industrial Park joined the Global Eco-Industrial Parks Programme in Ukraine (GEIPP), a project aimed at saving natural resources and promoting sustainable industrial development.
• InSoft PartnerscoreStrategic or Co-development Partner · 3 March 2020InSoft Partners, an investment company specializing in IT business value increasing, scaling, and M&A, co-founded ucode IT Academy with UFuture in 2020. InSoft Partners sold its share of ITernal Group to UST in January 2022 and transferred its ucode stake to UFuture. Founded by Vitaly Gorovoy, with projects including Core Value and Cloudfresh.
• SCHNEIDER GROUPminorGTM or Marketing Partner · 8 June 2017Kyiv office of SCHNEIDER GROUP signed a memorandum of cooperation with Bila Tserkva Industrial Park aimed at promoting Ukraine as an investment destination for international businesses.
• German-Ukrainian Chamber of Industry and CommerceminorGTM or Marketing Partner · 28 March 2017Bila Tserkva Industrial Park confirmed as a permanent member of the German-Ukrainian Chamber of Industry and Commerce (AHK Ukraine), promoting Ukraine's industrial investment opportunities to German businesses.

Scale indicators21 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• EastOne: Ukrainian diversified investment holding with assets across metals, energy, real estate, and infrastructure. Most direct domestic analog to UFuture's multi-sector holding model in the Ukrainian market.
• DCH Group: Ukrainian diversified holding controlled by Oleksandr Yaroslavsky with interests in real estate, industrial production, and infrastructure. Comparable multi-sector strategy and Ukrainian operating base.
• Smart Holding: Ukrainian diversified investment group with assets in metals, energy, agriculture, and real estate. Similar portfolio diversification approach within the Ukrainian market.

Regional players

• Dragon Capital: Leading Ukrainian private equity and venture capital firm active in IT, real estate, and renewable energy. Comparable investment focus on Ukrainian innovation and infrastructure assets.
• Penta Investments: Central European diversified investment holding with healthcare, financial services, retail, and media assets. Comparable multi-sector holding model operating across CEE markets.
• Sistema PJSFC: Russian diversified holding company with assets in telecoms, healthcare, technology, and real estate. Conceptually similar holding structure, though operating in different geography.

Broad incumbents

• EXOR N.V. International diversified investment holding (Agnelli family) with controlling stakes in Ferrari, Stellantis, Juventus, and The Economist. Comparable diversified holding model with long-duration capital and ecosystem approach.
• LetterOne: International diversified investment holding with assets in telecoms, technology, and health. Similar model of deploying patient capital across multiple sectors and geographies via operating companies.

Others

• Minderoo Foundation: Australian diversified impact-investment vehicle combining for-profit businesses and social initiatives. Comparable hybrid model of commercial and philanthropic activity through UFuture and K.Fund.
• Cambridge Innovation Center (CIC): US-based operator of innovation campuses providing co-working, office, and venture support. Direct operational analog for UNIT.City and LvivTech.City's innovation park business.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UC6i025kxBRDwH7qZefqEPdQ

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about UFuture