AVentures Capital Has Acquired a Minority Stake in an Outsourcing Company CoreValue

AVentures Capital, venture fund investing in innovative companies, announced a new deal - an investment in CoreValue. The amount of the deal was not disclosed, but it is known that the fund acquired a minority stake, and its representative entered the Board of Directors of the company.

Kyiv, Ukraine, February 28, 2018 --(PR.com)-- CoreValue is a fast-growing IT-outsourcing company based in Ukraine. Over the last 12 years it has opened R&D offices in 7 regions of Ukraine and Poland and grew up to 350 employees contributing to delivery of advanced technology solutions for both large (Fortune-50, 500) and medium enterprises from the United States and Europe.

CoreValue is a Salesforce Consulting Partner and a Microsoft Gold Partner in Application Development competency which demonstrates consistent capabilities, expertise, and customer commitment in vertical areas of Pharmatechnology, Financial technology and Healthcare.

“We are glad to partner up with the leading Salesforce developer in CEE and one of the fastest growing outsourcing companies in the region,” said Yevgen Sysoyev, managing partner of AVentures Capital, who joined BoD at CoreValue. “AVentures Capital has already invested into two companies at the growth stage, becoming stage agnostic investment firm that invested from late seed to Series A to growth or buy out stage.”

Igor Kruglyak, CEO and co-founder of CoreValue: “I am excited about many opportunities to work closely with AVentures Capital. CoreValue, premier technology provider in the area of public and private cloud, will benefit from working with AVentures' expertise and contacts in the industry, as we continue our growth.”

AVentures Capital Founded in 2012, AVentures Capital is a leading Venture Capital fund focused on global companies that leverage R&D in Ukraine and CEE. The fund targets the following IT categories: software, e-commerce, cloud services, mobile technology, IoT and others. AVentures Capital has over 10 companies in its portfolio, including Augmented Pixels, nuPSYS, Petcube, Spinbackup, StarWind Software, Rallyware, Bookimed, Teamfusion and others. AVentures Capital co-invested with Almaz Capital, Y Combinator, Vegas fund, and the Hive and other widely recognized funds.

CoreValue,Software and Technology Services firm, provides Mobility and traditional Cloud based CRM implementation services, Mobile applications in industries such as Pharmatech, Healthcare, and Finance. Customers trust CoreValue to provide Infrastructure services utilizing qualified and experienced staff in Data Science, Data Management, Database Services, Quality Assurance and traditional development.
AVentures Capital
Natalia Piddubenko