War is not the reason to stop economic development. War is the reason to do more and better to speed up business recovery and make up for losses. russia’s full-scale invasion has slowed the economy for some time but has not thwarted plans to open up new opportunities for startups in the country.
A new player has appeared in the investment market of Ukraine – the fund Burner, which provides SMART investments to digital projects at all stages of development (Idea, Pre-seed, Seed, Stage A). A distinctive feature of Burner is the option of not only financial support but also of strengthening startup teams with expertise in launching successful IT products.
Burner became a logical continuation and structuring of the investment activities of the international IT company Boosta. This direction began to develop in 2017, and has reached a fundamentally new level in 2022.
“After the first investment agreement, we were increasingly approached by teams that needed resources to launch a new project or bring an existing one to a new level. At some point, we realized that our experience and resources could be a springboard for budding teams to enter new markets and effectively meet goals,” said Dmytro Bondar, co-founder, and Advisor of Burner Investment Fund.
Among the projects that have already received investment are the digital design marketplace MasterBundles, SEO-agency SeoProfy, iGaming-company AdlerTeam, and others. In total, more than 10 projects have been invested since 2017.
“We not only provide financial resources for product development but also enrich them with our own experience and knowledge. The founders of startup ideas can focus entirely on business tasks, as Burner will free them from all operational processes (recruitment, finance, administrative tasks, etc.). And the synergy of diverse expertise helps achieve unprecedented results,” said Yaroslav Baklan, co-founder and Advisor of Burner Investment Fund.
Fund priorities:
- digital projects;
- targeting the markets of Western Europe and America with a volume of $300 million;
- work in B2C or B2C2C format.
Burner is ready to consider requests of up to $1 million at the start with the possibility of cash in financing up to $3 million within 2 years of cooperation.
The founders of the fund plan to pay special attention to projects in the areas of iGaming, Crypto, Dating, Finance, and Auto, but none of the applications will be ignored.
Please fill out the form on the fund’s website to apply for investment: http://brnr.co.