Euvic Ukraine has secured €4 million in financing from 3TS Capital Partners and a private investor. The capital will support further acquisitions, company integration and the international expansion of the Ukrainian pillar of the Euvic Group.
Euvic Ukraine, one of the fastest-growing companies within the Euvic Group, has raised €4 million in an investment round led by TCEE Fund IV, managed by 3TS Capital Partners, with the participation of a private investor. Euvic Group also increased its involvement in the transaction, confirming its long-term confidence in the potential of Ukraine’s technology market.
The newly raised capital will be used to support the further development of the 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, it has become an important delivery centre for the wider Euvic Group.
The company currently includes six specialised technology businesses — Exoft, ARTKAI, Lampa, 7Devs, SmartTek and Diya — employing more than 400 IT professionals in total. In 2026, Euvic Ukraine expects to generate approximately $20 million in revenue.
From the outset, Euvic Ukraine’s business model has been designed for international markets. Nearly 100 percent of its revenue comes from a diversified portfolio of foreign clients, primarily in the United States, the United Kingdom, the DACH region and Scandinavia.
Its previous growth and initial acquisitions were financed, among other sources, through debt financing provided by PFR FIZAN Ventures. Securing capital from a growth equity fund marks the beginning of a new stage of development and international expansion for the wider Euvic Group.
“This transaction is part of Euvic S.A.’s international strategy. Our goal is to consistently develop international competence centres, consolidate the market and build a strong technology group capable of delivering increasingly complex projects for global clients. Partnering with a reputable fund allows us to pursue these ambitions more effectively,” said Wojciech Wolny, President of the Management Board of Euvic S.A.
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 team, the transaction represents an important milestone.
“We see the entry of a financial investor into the Euvic Ukraine project as a significant 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 enable the company to continue growing while bringing valuable know-how in value creation, business scaling and the integration of portfolio companies,” said Łukasz Czernecki, President of the Management Board of Euvic Ukraine and Vice President of Euvic S.A.
The growth potential of Euvic Ukraine has also been recognised by 3TS Capital Partners.
“Euvic Ukraine attracted our attention through its unique combination of high-quality technology capabilities and its ability to provide specialised IT services to highly demanding clients in the United States and Europe. This fits perfectly with 3TS’s strategy of supporting engineering talent from Central and Eastern Europe and building technology leaders originating from our region.
“We believe that, combined with the experience and resources of the Euvic Group, the company has solid foundations to become a significant international player in the specialised IT services segment. At the same time, this investment is an excellent example of effective cooperation between institutional and private capital in support of innovative companies with global ambitions,” said Zbigniew Łapiński, Senior Partner at 3TS Capital Partners.
Consolidation and Growth Targets for the Coming Years
The funds raised will be allocated primarily to further acquisitions and the integration of companies within the group. Euvic Ukraine aims to triple the scale of its business within two years and join the ranks of Ukraine’s largest IT companies.
At the same time, the company will continue the process of full operational and legal integration of all businesses belonging to Euvic Ukraine. Within two years, they are expected to operate as one integrated organisation managed by a shared leadership team.
Following the completion of the consolidation process, the company’s operations will be built around complementary business pillars: consulting, including AI adoption advisory services; software development; outsourcing; ERP system implementation; and ongoing IT infrastructure support and management.
