February 4, 2019

Ciklum Raises New Investment Led by Dragon Capital With AVentures Capital Co-Investment

Ciklum Raises New Investment Led by Dragon Capital With AVentures Capital Co-Investment
Today, Ciklum announced that Dragon Capital and AVentures Capital have acquired minority stakes in the company.

Michael Boustridge, Chief Executive Officer of Ciklum, said “We are excited to welcome Dragon Capital and AVentures Capital to our shareholder base. This investment will continue to propel Ciklum’s rapid growth in delivering cutting edge technologies to clients around the globe.”

“We believe that ongoing global digital transformation will support increasing demand for IT solutions and services, and that Ciklum is very well positioned to capitalize on this sustainable trend. Founded in 2002 and headquartered in London, Ciklum has one of the largest footprints in Ukraine, great expertise and access to IT talent. We are enthusiastic about the opportunity to support one of the leading companies in the segment, which is run by great management and shareholders”, said Andriy Nosok, Managing Director, Co-Head of Private Equity at Dragon Capital.

“I’ve known the company from the very beginning and have been serving Director of the Board in Ciklum since 2015. It was a natural decision for AVentures to invest at this round and share our confidence and belief in management and company’s future”, said Andrew Kolodyuk, Managing Partner of AVentures Capital.

About Ciklum

Ciklum is a leading global digital services and software engineering company, serving Fortune 500 and fast-growing organizations across industries. Ciklum has 3,000+ developers, designers, product managers and data scientists around the world building tailored digital solutions that leverage emerging technologies.

About Dragon Capital

Dragon Capital is one of the largest groups of companies in Ukraine that works in the field of direct investments and financial services, providing a full range of investment banking and brokerage services for corporate and private clients. The company was founded in 2000 in Kyiv and has a successful 18-year track record of private equity investments in Ukraine.

About AVentures Capital

AVentures Capital is a leading investment firm that invests in early and growth stage IT companies since its foundation in 2012. The firm invests and provides M&A advisory services across IT outsourcing, software, e-commerce, cloud services, mobile technology, IoT and other sectors. AVentures Capital has over 15 companies in its portfolio that operate in the US and EU market and leverage R&D in Ukraine and CEE.