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Flyer One Ventures: Venture capital firm investing in early-stage global software startups, focused on B2B SaaS, EdTech, mobile apps, and FoodTech.
Key people at Flyer One Ventures.
Flyer One Ventures was founded in 2018 by Alexey Yermolenko (Co-founder, Partner).
Flyer One Ventures is an early-stage venture capital firm based in Kyiv, Ukraine, that invests in software startups from Europe and North America across the Pre-Seed, Seed, and Series A stages. The firm targets companies operating in the B2B SaaS, enterprise software, educational technology, mobile application, and food technology sectors, typically requiring a minimum monthly recurring revenue of $10,000. To date, the firm has deployed nearly €38 million in capital across more than 90 portfolio companies and recently announced a €50 million fifth fund. This latest investment vehicle is backed by institutional limited partners including the International Finance Corporation and the European Bank for Reconstruction and Development, supporting a portfolio that features startups like Fintech Farm, Liki24, and Mate Academy. Flyer One Ventures was founded in 2018 by Vital Laptenok, Oleksii Yermolenko, and Olena Mazhuha.
Flyer One Ventures is an international early-stage venture capital firm specializing in investments in startups primarily from Central and Eastern Europe (CEE) and Ukraine. The firm focuses on sectors such as B2B SaaS, Enterprise Software, EdTech, Mobile, Gaming, and FoodTech, investing at pre-seed, seed, and Series A stages with check sizes ranging from $100K to $1M. Their mission is to empower ambitious founders by providing not only capital but also strategic guidance and operational support to accelerate startup growth and market success. Flyer One Ventures leverages a strong network and in-house expertise to foster entrepreneurship and innovation, helping startups scale effectively and achieve impactful outcomes in global markets[1][2][4][5].
Founded by entrepreneurs from the CEE region who previously built one of the largest tech companies in the area, Flyer One Ventures was established to support early-stage startups with high growth potential. The firm has offices in Kyiv, London, Warsaw, and Lisbon, reflecting its international reach and focus on the CEE and adjacent regions. Over time, Flyer One Ventures has evolved from a capital provider to a hands-on investor, deeply involved in operational support such as talent acquisition, digital marketing, product development, and legal and financial advisory. This evolution underscores their commitment to being practitioners rather than theorists in venture capital[1][2][4][5].
Flyer One Ventures rides the wave of increasing global interest in the CEE region as a hotbed for tech innovation, particularly in software and SaaS products. The timing is favorable due to the region’s growing pool of technical talent, rising startup activity, and expanding access to international markets. By focusing on the application layer of global software and supporting startups that address both local and global challenges, Flyer One Ventures contributes to strengthening the CEE ecosystem’s integration into the global tech economy. Their hands-on approach and cross-border presence help bridge gaps between emerging markets and established tech hubs, influencing the broader ecosystem by accelerating startup maturity and international expansion[1][2][4][5].
Flyer One Ventures is poised to continue its growth as a key player in early-stage venture capital in the CEE region, leveraging its operational expertise and network to back startups with global ambitions. Future trends shaping their journey include the increasing digitization of traditional industries, the rise of AI and SaaS solutions, and the growing importance of sustainable and impact-driven technologies. As the firm deepens its involvement in portfolio companies and expands its geographic footprint, its influence is likely to grow, helping to position the CEE region as a significant contributor to global tech innovation. Their commitment to "Smart Money" investing will remain a critical differentiator in a competitive venture landscape[1][4][5].
Key people at Flyer One Ventures.
Flyer One Ventures was founded in 2018 by Alexey Yermolenko (Co-founder, Partner).
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Mar 13, 2026 | Tower | $634.0M Seed | Dig Ventures, Speedinvest | Angel Invest, Benjamin Liebald, Celero Ventures, Chris Riccomini, Geeta Schmidt, Jeff Martens, Jordan Tigani, Maik Taro Wehmeyer, Martin Hentschel, Maximilian Eber, Oleksandr Yaremchuk, Olivier Pomel, Roosh Ventures, Simon Rosenberger (Bumm), Valentino Tereshko |
| Oct 1, 2025 | Limitless Labs | $10.0M Seed | 1confirmation | 10100, Abstract Ventures, Kevin Hartz, Brainchild, Divergence Ventures, Founders Fund, General Catalyst, New Form Capital, Polychain Capital, Robot Ventures, Sound Ventures, The Hit Forge, Thrive Capital, Balaji Srinivasan, Diego Berdakin, Dylan Field, Mark Pincus, Sahin Boydas, Stani Kulechov, Vitalik Buterin, Arrington Capital, Coinbase Ventures, Collider, Digital Currency Group, F-Prime Capital, Node Capital, SID Venture Partners |
| Jun 5, 2024 | Field Materials | $3.5M Seed Extension | Breton Birkhofer, Flyer One Ventures, Navitas Capital, Zelda Ventures | Blumberg Capital, S16VC, Zacua Ventures |
| Apr 1, 2024 | ForActive | $2.0M Seed | ff Venture Capital, Michał Olszewski | Market One Capital, Konrad Howard, Vital Laptenok |
| Mar 5, 2024 | RemotePass | $5.5M Series A | Ali Karabey | A15, Access Bridge Ventures, Endeavor Catalyst, Khwarizmi Ventures, Oraseya Capital, Swiss Founders Fund |
| Feb 1, 2024 | Competera | $3.0M Seed | StratMinds VC | Alex Medovoi, SMRK VC Fund, Transform VC, Ulad Radkevitch |
| Nov 1, 2023 | Scalestack | $1.0M Seed | — | Forum Ventures, Play Ventures, Martin Villig |
| Sep 1, 2023 | Deskree | $1.0M Seed | — | ZAKA Ventures, AAl VC, Flair Ventures, Vital Laptenok, Jonah Midanik, Hustle Fund, League of Innovators, N49P, Vesna Capital |
| Jun 14, 2023 | NewHomesMate | $5.5M Seed | — | Adrian Slywotzky, Benny Czarny, Dave Morrison, John Gu, Jonathan Wasserstrum, Asymmetry Ventures, Gaingels, Ihar Mahaniok, Pragmatech Ventures, SID Venture Partners, Unpopular Ventures, u.ventures, Verras Capital |
| Mar 14, 2023 | Awesomic | $800K Other Equity | — | Jared Friedman, Michael Seibel, Vital Laptenok, Pioneer Fund, Red Rooster Ventures |
| Dec 1, 2022 | Spike Technologies | $700K Seed | — | Geek Ventures, Goodwater Capital, Kima Ventures, Yury Mazanik |
| Oct 1, 2022 | Makea Games | $1.0M Seed | — | Play Ventures, Martin Villig |
| Jun 1, 2022 | 99math | $2.0M Series U | — | Play Ventures, Rainfall Ventures, Ian Hogarth, Joakim Achren, Martin Sinner |
| Feb 2, 2022 | Cargofy | $2.0M Seed | JKR Investment Group | Hannu Turunen, Murat Abdrakhmanov |
| Feb 1, 2022 | Heygo | $20.0M Series A | Northzone | Abstract Ventures, Kevin Hartz, AirAngels, Alt Capital, Alumni Ventures, Banana Capital, Creandum, Earl Grey Capital, Encomenda Smart Capital, Jenny Fielding, Scott Hartley, Founders Fund, HealthQuest Capital, Jude Gomila Rolling Fund, Kearny Jackson, Koch Fund, LAUNCH, Lightspeed Venture Partners, Menlo Ventures, Meritech Capital Partners, Mischief Venture Capital, Offline Ventures, Pioneer Fund, Point Nine Capital, Polaris Partners, Rainfall Ventures, Stripe, Sweet Capital, YLEM, Abe Burns, Dan Wright, David Petersen, Eilert Giertsen Hanoa, Eric Quidenus-Wahlforss, Eric Ries, Frederic Kerrest, Gordon Wintrob, Ian Hogarth, Jeremy Cai, Joe White, Jon Runyan, Martin Sinner, Mathilde Collin, Max Mullen, Paul Rios, Ryan Carlson, Ryan Chan, Scott Belsky, Simon Beckerman, Siqi Chen, Stefan Blom, Tellef Thorleifsson, Tony Xu, Zack Kanter, Bastian Lehmann, Guillaume Pousaz, Lawrence Leuschner, Matt Robinson, Pippa Lamb, Richard Mabey, Scott Chacon, Ascension, TQ Ventures |
| Jan 13, 2022 | Fintech Farm | $7.4M Seed | Vladimir Mnogoletniy, Solid | AVentures Capital, Jiji, TA Ventures, u.ventures |
| Jan 10, 2022 | Kodland | $9.0M Series A | Eugene Belov | Alexander Nevinsky, Baring Vostok, Vital Laptenok, Kismet |
| Jan 5, 2022 | 3Dlook | $3.5M Series A Extension | Spidertek | Startup.Network |
| Jan 1, 2022 | DigiDoe | $1.0M Seed | — | FunCubator, True Global Ventures |
| Jan 1, 2022 | Linguix | $1.0M Seed | — | FunCubator, True Global Ventures |
| Dec 1, 2021 | Awesomic | $2.0M Seed | — | Acrobator Ventures, Chamaeleon, Helium-3 Ventures, Pioneer Fund, Soma Capital, Y Combinator, Dan Siroker, James Park, Julie Zhuo, Martin Henk, Martin Villig, Matt Bellamy, Ragnar Sass, Stuart Gardner, Taavi Kotka, Alexander Khuda, Andrew Surzhynskyi, Bas Godska, Max Ischenko, Mikko Silventola, 10x Value Partners, Elena Mazhuha, Pretiosum Ventures, SID Venture Partners |
| Nov 1, 2021 | Educate Online | $4.0M Seed | — | FunCubator, Marat Kichikov, Angelsdeck, Softline Venture Partners, TMT Investments, Eugene Timko |
| Nov 1, 2021 | Accel Club | $190.0M Series A | — | Flashpoint VC, Misha Lyalin |
| Oct 1, 2021 | Prodly | $10.0M Series A | Leta Capital | AltaIR Capital, AvanTech Ventures, Norwest Venture Partners, Shasta Ventures, TMT Investments |
| Oct 1, 2021 | Neatsy.ai | $1.0M Seed | — | Frontier Path VC, FunCubator, Cabra.vc |