Horizon Capital buys minority stake in Ukrainian IT company Miratech

American Horizon Capital has announced that its EM 200 million Emerging Europe Growth Fund III, LP (EEGF III) has acquired a minority stake in the Ukrainian IT company Miratech, becoming its largest financial investor.

At the moment, the financial terms of the transaction were not disclosed.

The main office of the IT company, which was founded in 1989, is located in Kiev. In total, it has more than 700 employees in 25 countries.

Miratech teams provide digital engineering and consulting services to companies in the financial services, healthcare, technology, debt management, telecommunications, and government organizations.

According to Miratech CEO Valery Kutsy, over the past year, the company has evaluated a number of offers from major investors from all over the world. Now they are very enthusiastic about the joint future partnership.

Horizon Capital expects to help Miratech accelerate its ongoing global expansion of digital product development and customer experience design services for well-known global companies.

Elena Kosharnaya, founder and CEO of Horizon Capital, explained that the fund invests capital and expertise to support Miratech's ambitious plans for geographical expansion and further growth together with its visionary founders, "whose dedication and deep knowledge of the market have allowed us to create exceptional digital competencies and a strong employer brand."

"This company joins our strong portfolio of investments in fast-growing technology companies and export — oriented enterprises," she stated.

As you know, Horizon Capital is considered one of the leading investment companies in Central and Eastern Europe, which manages private equity funds (more than 40 institutional investors with a total capital of more than 5 570 billion) with assets of more than.1.1 billion and more than 28 years of investment experience in the region.

At the same time, the company is an active investor that supports visionary entrepreneurs who are transforming the business environment in Ukraine and the region. In particular, Horizon's portfolio includes companies such as Rozetka, Jooble, Intellias, Ciklum, Tinkoff Credit Systems, etc.

Earlier, Miratech was included in the annual ranking of the best outsourcing companies in the world, the 2022 Global Outsourcing 100.