Flyer One Ventures
Overview
Flyer One Ventures (F1V) is a prominent venture capital firm engaged in supporting early-stage technology startups. Founded in 2018 and spearheaded by General Partner Vital Laptenok, along with partners Oleksii Yermolenko and Olena Mazhuha, the firm focuses on investing primarily in startups from Ukraine and Central and Eastern Europe (CEE) that are poised to make global impacts. Headquartered in Warsaw, Poland, F1V has successfully raised substantial funds over the years, becoming a pivotal player in the venture capital scene across the CEE region and beyond.
Recent Developments
- July 2025: Flyer One Ventures announced the launch of a new €50 million Fund V, aimed at supporting early-stage tech companies across Ukraine and CEE. This fund is backed by significant contributions from the International Finance Corporation (IFC) and the European Bank for Reconstruction and Development (EBRD).
- 2024 Activities:
- Secured 9 new deals, with its portfolio startups valued at $4.4 billion.
- Actively supported its portfolio companies through follow-on funding, contributing to successful Series A rounds and further expansion, particularly in the sectors like Fintech, AI, and consumer tech.
- Engaged in a notable €6.5 million financing round, demonstrating continuous robust financial activity in supporting tech startups.
- Notable Investments:
- Invested in the AI and Fintech sectors, focusing on high-potential startups like Fintech Farm and RemotePass.
- Supported significant rounds like RemotePass's $5.5 million Series A round.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2018 |
| Headquarters | Warsaw, Poland |
| Founders | Vital Laptenok, Oleksii Yermolenko, Olena Mazhuha |
| Revenue | Not publicly disclosed |
| Key Investors | IFC, EBRD, Genesis Tech |
| Industry | Venture Capital, Early-Stage Startups |
| Number of Employees | 11-50 |
Early History
Flyer One Ventures stemmed from an initiative led by its General Partner Vital Laptenok, who also co-founded Genesis Tech. Initially operating under the brand Genesis Investments, the firm set out to establish a robust venture capital environment by focusing on funding tech startups emerging particularly from low-access regions in the CEE. The company’s early strategy was heavily ingrained in providing not only financial investments but a comprehensive range of support services such as digital marketing, legal advising, and business development, facilitating the transition of startups to global benchmarks.
Company Profile and Achievements
Flyer One Ventures has developed a niche in investing in software-first products, focusing primarily on enterprise software, AI/ML, and consumer technology. The firm’s investment strategy spans early to late seed stages, with a significant emphasis on nurturing growth through operational support. Major achievements include gaining strategic partnerships and securing substantial funds from institutional investors like the EBRD and IFC.
- Achievements:
- The firm has closed over 80 investments and facilitated successful exits, including VOCHI to Pinterest.
- Portfolio companies have raised Series A and beyond, with a significant portion maintaining impressive growth and achieving global scalability.
- Growth and Expansion: Continuous expansion in CEE with established offices in London and Kyiv, supporting startups through personalized investment and effective mentorship.
Current Operations and Market Position
Flyer One Ventures is strategically positioned as a leading venture capital firm in the CEE region. Its operations encompass a wide range of industries, notably Fintech, EdTech, and HealthTech, emphasizing technology-driven solutions that offer sustainable growth. By building a collaborative ecosystem with firms such as AWS and Google, F1V remains committed to transforming startups into global players. Flyer One Ventures prides itself on its ability to provide additional financial support and strategic guidance throughout the development phases of its portfolio companies.
Conclusion
Flyer One Ventures represents a significant force in the venture capital landscape, supporting transformative technological initiatives across CEE and beyond. With its strong focus on collaboration and hands-on support, F1V not only facilitates financial growth but also ensures sustainable development, contributing critically to technological innovation in the region. The firm's forward-looking strategies illustrate a promising trajectory for continued expansion, aimed at elevating the tech ecosystem of Central and Eastern Europe to compete on a global stage.