Ukrainian tech company S-PRO raises funding from SARS Capital
Ukrainian outsourcing company S-PRO has raised financing from investment banking company SARS Capital. Representatives of S-PRO informed AIN.UA about it. The amount of the transaction is not disclosed.
According to a press release, S-PRO intends to enter the enterprise segment with the support of the investor. SARS will also help the software company to find new customers in the Western European market and further scale its business.
S-PRO is a Ukrainian full-cycle software development company, incorporated in 2014. It specializes in digital solutions with AI and blockchain technologies; UI/UX-design and branding, cross-platform development, and the creation of mobile applications. The main focus of S-PRO is a fintech segment.
The company also provides consulting, development, and support services for SaaS-platforms in healthcare, renewable energy, and other industries.
“This deal is the smart money, which is so often spoken about in the market. Together with the financing, we gain experience and networking of our partner, thanks to which we plan to sign the first deals with enterprise customers,” says Igor Izraylevych, founder and CEO of S-PRO.
In the next five years, the company plans to reach the mark of 1,000 professionals. Now S-PRO has 150 employees in Kyiv and Zaporizhzhia.
About SARS Capital
SARS Capital is an international private investment banking company specializing in corporate finance consulting in Central and Eastern Europe. The company has made over $3 billion worth of transactions in the market for over 20 years.
“The Ukrainian IT industry has been demonstrating high growth rates for the last decade. I am convinced that this potential has not been exhausted yet,” commented Dmitry Kushnir, Partner at SARS Capital and new partner at S-PRO, who was involved in forming the company’s strategy and expanding its business contacts.