Euvic Ukraine, one of the fastest-growing companies within the Euvic Group, has secured EUR 4 million in financing in an investment round led by TCEE Fund IV, managed by 3TS Capital Partners, with the participation of a private investor. As part of the transaction, the Euvic Group also increased its commitment, reaffirming its long-term confidence in the potential of the Ukrainian technology market. The capital raised will be used to further develop the Group company, whose ambition is to build a significantly larger international IT business focused on several market segments.
An international pillar of the Euvic Group
Founded in September 2023, Euvic Ukraine was established as a consolidation platform for Ukrainian technology companies. In less than two years, the company has become a significant delivery center for the entire Euvic Group.
Today, it comprises six specialized technology companies (Exoft, ARTKAI, Lampa, 7Devs, SmartTek, and Diya), employing more than 400 IT professionals in total. In 2026, it plans to achieve approximately USD 20 million in revenue. Euvic Ukraine’s business model was designed from the outset with international markets in mind. Nearly 100% of its revenue comes from a diversified portfolio of international clients, primarily from the United States, the United Kingdom, the DACH region, and Scandinavia.
To date, the company’s development and initial acquisitions have been financed, among other sources, through debt financing provided by PFR FIZAN Ventures. Securing capital from a growth capital fund marks the beginning of a new stage of development and international expansion for the entire Euvic Group.
This transaction is an element of Euvic S.A.’s international strategy. Our objective is the consistent development of international centers of excellence, market consolidation, and the creation of a strong technology group capable of delivering increasingly complex projects for global clients. Partnering with a renowned investment fund enables us to pursue these ambitions more effectively..
Partnership with 3TS and validation of the business model
As part of the transaction, TCEE Fund IV, managed by 3TS Capital Partners, will acquire a significant minority stake in Euvic Ukraine. Euvic S.A. will remain the majority shareholder. For the company’s management, this represents a major milestone.
We view the addition of a financial investor to the Euvic Ukraine project as an important vote of confidence in the direction we have chosen. It provides crucial support for our acquisition and integration plans. We are pleased that a professional fund with extensive experience has validated our operating model. The involvement of 3TS will support the company’s continued growth while bringing valuable know-how in the areas of value creation, business scaling, and portfolio company integration..
Investor perspective
The growth potential of Euvic Ukraine has also been recognized by 3TS Capital Partners.
Euvic Ukraine attracted our attention thanks to its unique combination of top-tier technological expertise and its ability to deliver specialized IT services to the most demanding clients in the United States and Europe. This aligns perfectly with 3TS’s strategy of supporting engineering talent from Central and Eastern Europe and building technology leaders originating from our region. Combined with the experience and backing of the Euvic Group, we believe the company has strong foundations to become a significant international player in the specialized IT services market. At the same time, this investment is an excellent example of effective cooperation between institutional and private capital in supporting the growth of innovative businesses with global ambitions..
Consolidation and strategic objectives for the coming years
The funds raised will be used primarily for further acquisitions and the integration of companies. Euvic Ukraine’s goal is to triple the scale of its operations within two years and join the ranks of the largest IT companies in Ukraine.
At the same time, a process of full operational and legal integration of all companies within Euvic Ukraine will be carried out. Within two years, they are expected to operate as a single integrated organization managed by a common leadership team. Following the completion of consolidation, the company’s business will be built around complementary pillars: consulting (including AI adoption consulting), software development, outsourcing, ERP system implementations, and ongoing IT infrastructure support and management.
About 3TS Capital Partners
3TS Capital Partners is a growth capital fund investing in technology companies during their growth and expansion stages across Central and Eastern Europe. 3TS provides growth financing to businesses in the technology and internet, media and communications, and technology-enabled services sectors. The combination of strong financial backing, strategic support, and an extensive network of contacts across Europe and the United States forms the foundation of 3TS’s strategy, which is focused on supporting international expansion and the continued development of portfolio companies. The total value of current and historical funds managed by 3TS exceeds EUR 450 million. Its investors include the European Investment Fund (EIF), Tesi, SZTA, Erste, Cisco, OTP, the European Bank for Reconstruction and Development (EBRD), AWS, Sitra, KfW, and 3i. More information is available at 3tscapital.com.
