Lviv-based VC firm Angel One has closed its $3 million second fund, which will support 12 seed-stage startups in 2026, evenly split between civilian and defence technologies.
- Launched in 2021, Angel One Fund has already invested approximately $4 million in 17 startups, with a portfolio spanning sectors such as AI, quantum computing, software, and defence technology, and a combined valuation exceeding $500 million.
- The firm typically provides investments of $50,000 to $200,000 in pre-seed and seed-stage companies.
- The new $3 million fund marks a shift from pre-seed to seed-stage investments, targeting startups that already demonstrate early revenue or strong user traction.
- In 2026, Angel One Fund plans to support 12 Ukrainian startups, split evenly between civilian and defence technologies, prioritizing teams with proven growth potential and a clear product-market fit.
"We at Angel One are extremely happy about this momentum. It offers hope for Ukraine’s founders and shows that even in challenging times, world‑class innovation is being recognized and funded," commented Angel One's team on LinkedIn.
- The fund is backed by seven limited partners: two from Ukraine, one from Canada, and four from the United States. It operates under the Ukrainian Catholic University Foundation and is led by managing partner Ivan Petrenko.
