Local venture fund makes second investment in Ukraine’s IT sector of year

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April 10, 2013, 11:21 a.m. | Business — by Mark Rachkevych

AVentures Capital announced today that it bought a minority stake in nuPSYS, a visual network software developer that was founded by a Ukraine native with research and development based in Russia and Ukraine.

Mark Rachkevych

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AVentures Capital, an early stage Ukrainian venture capital fund that invests primarily in the region’s information technology sector, announced on April 10 that it made its second investment this year. The venture fund said it purchased a minority stake in nuPSYS, a leading visual network software developer with research and development bases in Ukraine and Russia.

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