Munich-based investment firm YZR Capital and the Ukrainian Startup Fund have announced the introduction of a collaborative investment program designed to help out healthtech startups with funding. The firm plans to invest around €250,000 — €12.5 million per company.
The applications to participate in the program are open until October 1, 2023, here.
Who can get the funding?
Within this initiative, YZR Capital is looking for teams that meet the following criteria:
- Operating in one of YZR’s key investment areas: digital medtech, digital health, digital health services.
- Have a bold founders team developing a disruptive technology
- Stage: Pre-Seed, Seed, or Series A.
- Possible check: around €250,000 – €12,5 million per company in total, depending on the proposed solution.
“In today’s context, providing support to Ukraine’s healthcare industry has become vital. The development of innovative solutions can significantly benefit the healthcare sector, which is currently under a substantial workload. This is the reason why I am pleased to introduce the collaborative program between YZR Capital and the Ukrainian Startup Fund, designed to empower health tech startups seeking investments,”
Pavlo Kartashov from Ukrainian Startup Fund commented.
About the initiators
YZR Capital is a €100 million Munich-based investment firm with a European early-stage health tech focus backing startups with a strong impact footprint. In addition to its investment activities, YZR established YZR Non-Profit, an NGO leading initiative to support Ukraine, e.g. by delivering medical supplies.
The Ukrainian Startup Fund (USF) is a state fund launched on the initiative of the Cabinet of Ministers of Ukraine. The mission of the fund is to promote the creation and development of technological startups in the early stages (pre-seed and seed), in order to increase their global competitiveness.
