Angel One Fund, a venture fund operating within the Ukrainian Catholic University ecosystem, has successfully closed its second fund, with total commitments of approximately $3 million. The fund plans to invest in up to 12 Ukrainian startups throughout 2026.
The second fund will continue Angel One’s focus on early-stage technology companies with global growth potential. The investment strategy now places greater emphasis on seed-stage opportunities, prioritizing startups that demonstrate early traction through initial revenue or user growth.
“The main change is the shift in focus from early pre-seed to seed-stage investments. To qualify for funding, a startup now needs to demonstrate initial sales or measurable traction in terms of user growth,” said Ivan Petrenko, Managing Partner of Angel One Fund, in an interview with Forbes Ukraine. “While we previously planned for 70% of deals to be at the pre-seed stage and 30% at seed, we are now purely a seed-stage fund.”
Since its launch in 2021, Angel One Fund has invested approximately $4 million across 17 portfolio companies spanning both civilian and defence technology sectors. The portfolio’s unrealized valuation reached approximately $550 million in 2026, reflecting strong growth dynamics among the portfolio companies.
Angel One Venture Fund was established by the Ukrainian Catholic University Foundation to back Ukrainian founders, help translate ideas into scalable companies, and foster the long-term development of Ukraine’s startup ecosystem.
The second fund is expected to allocate capital across both civilian technology and defence innovation. The defence track remains a strategic priority given its growing global relevance and the accelerating development of Ukrainian dual-use and defence technologies.
