German funds target Ukraine with new investments

Hamburg based investment house eVentures Capital Partners has acquired an interest in, a Ukrainian startup which uses maps to advertise local services and directories. The deal purportedly values the startup at $2.5 million. Mapia is the first investment by eVenture in a CEE country with further deals expected later this year.

The major investor is ECP is the German-based Otto Group, the world’s second biggest Internet retailer with a turnover of about 12 billion Euro per year. Vivex Сapital Group, Ukrainian-Polish investment holding with a strong business focus on tech was an early investor. Vivex and eVenture plan a long-term collaboration over investing int the Ukrainian market, which has a population of 46m.