Horizon Capital acquires stake in Intellias

With the fresh capital, Intellias plans to increase its client service capabilities by expanding its delivery hubs beyond Lviv, having established a presence in Kyiv and Odesa. The company, co-founded by Vitaly Sedler and Michael Puzrakov, continues to be founder-run.

Horizon Capital launched its most recent fund, Emerging Europe Growth Fund III (EEGF III), in June 2016.  The target of the fund is $150m and it seeks to invest in fast-growing, mid-sized, export-oriented companies in Ukraine, Belarus and Moldova.

Company
Founded in 2002 and headquartered in Lviv, Intellias is a supplier of software development services with a core delivery base in Ukraine. It employs a staff of 1,100.

People
Intellias – Vitaly Sedler (co-founder, CEO); Michael Puzrakov (co-founder).
Horizon Capital – Lenna Koszarny (founding partner, CEO).

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• Topics
• Expansion
• CEE
• Technology
• Ukraine