Early-stage VC fund backing CEE founders building global software companies
Flyer One Ventures is a €40M+ early-stage fund investing in Central and Eastern European and Ukrainian founders. The tech stack reveals dual operational tracks: a full web/mobile stack (React, React Native, TypeScript, GraphQL) supporting portfolio company engagement and internal tooling, plus infrastructure for robotics (ROS, embedded C++) and fintech (credit decision-making systems). Active hiring across engineering, marketing, and finance—with leadership gaps in CFO and Head of Marketing roles—indicates aggressive scaling of fund operations and portfolio support, alongside efforts to expand assets under management.
Notable leadership hires: Credit Risk Lead, Chief Financial Officer, Head of Marketing, Head of Finance, Marketing Lead
Flyer One Ventures invests in early-stage software companies founded by CEE and Ukrainian entrepreneurs, with a focus on productivity-enhancing, tech-first products. The fund has deployed nearly €40M across 95 startups, with typical checks of $500k (ranging $200k–$2M including follow-ons). The team operates with an entrepreneurial mindset, providing hands-on support to founders in growth, recruiting, PR, business development, and investor relations. Flyer One primarily backs seed-stage rounds, with occasional pre-seed tickets focused on repeat founders. Operations span seven countries, with active hiring concentrated in Ukraine, Poland, Romania, and Western Europe.
Flyer One targets seed-stage rounds with an average check size of $500k, ranging from $200k to $2M including follow-ons. The fund occasionally invests at pre-seed, prioritizing second-time founders.
Flyer One has 27 active roles across seven countries: Ukraine, Poland, Romania, Germany, Sweden, Brazil, and the United States. Current hiring is concentrated in engineering, marketing, and finance, with open leadership positions including CFO and Head of Marketing.
Flyer One focuses on software-first products with particular interest in AI, ML, AdTech, EdTech, Digital Health, and Wellness. The fund has backed 95 startups across these and adjacent productivity-enhancing sectors.
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