Zelensky’s office: Horizon Capital will send $254 million to Ukrainian businessmen

MOSCOW, April 29 – RIA Novosti. Volodymyr Zelenskyy met with the management and investors of the American-Ukrainian company Horizon Capitalfund raised $254 million to invest in the Ukrainian business.

Horizon Capital manages $1.4 billion in assets, including over $700 million in capital raised to support entrepreneurs from Ukraine and Moldova over the past five years. Last September, representatives of Horizon Capital, The Rockefeller Foundation, European Bank for Reconstruction and Development, Deutsche Investitions und Entwicklungsgesells and a number of other investors signed a document on participation in financing the new Ukrainian fund Horizon Capital Growth IV.

In a statement from Zelensky’s office, “Horizon Capital representatives announced that they have raised $254 million in the new Horizon Capital Growth Fund IV (HCGF IV), where Ukrainian companies will invest.” Investors from the USA, Germany, the Netherlands, France, Finland, Sweden, Switzerland and Denmark also attended the meeting.

Earlier, Volodymyr Zelensky said that the restoration of Ukraine will require “about” 600-800 billion dollars, the exact amount will be known after the end of the conflict. In March, the World Bank, along with the European Commission, the UN and the Ukrainian government, estimated the country’s need for recovery and restructuring at $411 billion. The updated estimate significantly exceeded the September estimate of 349 billion and is now equivalent to 2.6 of Ukraine’s 2022 GDP.