On February 26, AVentures Capital, a significant early-stage equity capital fund based in Ukraine, revealed that it acquired a minority stake in CoreValue, a Ukraine-based IT outsourcing business. The quantity of the offer has actually not been revealed.
“We are grateful to partner up with the leading salesforce designer in CEE and one of the fastest growing contracting out companies in the region,” said Yevgen Sysoyev, managing partner of AVentures Capital, who joined the Board of Directors at CoreValue.In the span of twelve years, CoreValue has opened its R&D offices in 7 regions of Ukraine&and Poland. The business has grown to 350 workers”adding to delivery of sophisticated innovation solutions for both large and medium business from the US and Europe.””CoreValue, the premier innovation provider in the area of public and personal cloud, will gain from working with AVentures’expertise and contacts in the industry, as we continue our growth,”commented Igor Kruglyak, CEO and co-founder of CoreValue.CoreValue declares a top-level knowledge in application development”showing constant abilities and commitment to customers in pharmatechnology, fintech and health care verticals.”CoreValue is the second growth phase company in AVentures’portfolio. The offer has actually marked the change of the fund into”a stage-agnostic investment firm targeting business from late seed phase, to Series A, to development or buy-out stage, “stated Sysoyev.In late 2017, the fund invested$500,000 in Bookimed, a Kyiv-(Kiev-)based health care service operating globally.This past fall, AVentures Capital injected an undisclosed amount in TeamFusion, a Los Angeles-based B2B startup which provides”
simple, reliable and highly personalized”personnel training to business utilizing Microsoft Workplace 365. Source: AVentures Capital