VC firm from Georgia provides Ukrainian startups with seed funding

VC firm from Georgia provides Ukrainian startups with seed funding
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VC firm from Georgia provides Ukrainian startups with seed funding
      Recently there appeared a new venture fund in Kiev, offering seed investments of $10 000 – 50 000 to IT startups. The fund belongs to a Georgian company known as Spribe, which is involved in developing gambling software and owns an online casino brand JokerBros. Six months ago Spribe Labs opened their office in Kiev and is now launching a branch of venture investing and consulting.

      David Natroshvili, the founder and main investor in Spribe Labs, expressed a major concern with Ukrainian market and promised to organize individual meetings with perspective startuppers. David used to work as head of the National Investment Agency in Georgia and also held the position of economic development minister’s deputy, then agriculture minister’s deputy. Like other members of Spribe Labs team, he is a qualified professional with grand experience in business, investing and Internet technologies.

      Georgian venture fund was attracted by numerous Ukrainian young talents within the tech industry, who are very likely to come up with highly promising business ideas. According to David Natroshvili, there is a high global potential among Ukrainian startups, which implies considerable growth opportunities. That is why also Spride Labs are especially interested in cooperation with IT startups. The fund is waiting to process applications of all possible types and origins, as long as the startup idea brings some innovative impact: both established teams and individual developers are welcome to apply and demonstrate their skills and tech knowledge. Moreover, Spride Labs are ready to consider startups at any development stages, even including prototypes or just ideas without any physical realization. In return for provided funds, startuppers will have to give a certain business share to the investor.

     So if you think of launching a tech project in Ukraine, it is worth doing some research in the local VC market. But please, remember about Spribe Labs: besides investing and consulting services, the company offers to coach, provides technical equipment, working space and even support in development for all perspective entrepreneurs engaged in IT industry.

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