Connect with us

Technology

Horizon Capital Closes its Ukraine Fund IV at $350m, $100m above Target

Published

on

KYIV, Ukraine, Feb. 23, 2024 /PRNewswire/ — Horizon Capital, a leading U.S. private equity firm, is pleased to announce that its latest Ukraine-focused fund, Horizon Capital Growth Fund IV (“HCGF IV”, the “Fund”), has reached $350 million in commitments at its Final Closing held in Tokyo on February 19, 2024, boosting AUM to $1.6 billion. The Kyiv-based firm exceeded its initial target size of $250 million by 40%, while also concluding three attractive investments during the fundraising process. Horizon Capital’s team, strong track record and compelling strategy resonated with investors, who also backed raising the hard cap twice; first from $250 million to $300 million, then to $350 million. The Fund invests growth capital alongside visionary entrepreneurs leading fast-growing primarily tech and export-oriented companies, as well as select domestic champions, in Ukraine and Moldova (the “Region”), with a pipeline of 80+ investments. HCGF IV has distinguished itself as a 2X Flagship Fund, and the first, largest and leading fund raised since the onset of the full-fledged invasion, delivering both returns and impact to its investors.

 

 

HCGF IV is backed by investors with a combined capital base of over $700 billion, including international financial institutions IFC, EBRD, EIB through its EU for Ukraine Fund, DFC, DEG, FMO, JICA, Proparco, SIFEM, Swedfund, Finnfund, WNISEF, IFU, joining forces with global institutional investors, foundations and family offices. These private investors include funds managed by abrdn Private Equity, Blue Earth Capital, Zero Gap Fund, an impact investing collaboration between The Rockefeller Foundation and the John D. and Catherine T. MacArthur Foundation, Marcin Zukowski, Co-Founder of Snowflake, Andy Kurtzig, Founder and CEO of JustAnswer, investors and philanthropists George and Rayla Myhal, and other esteemed Limited Partners.

The Fund has already concluded three investments to fast-growing, innovative tech companies, providing growth capital to expand their R&D platforms in Ukraine and enhance their international reach. This is particularly significant given the IT sector plays a crucial role in Ukraine’s economic resilience, furthering digitalization and increasing hard currency inflows to the country. The Fund’s first three investments are:

Preply, transforming language learning by connecting learners with tutors via its online platform.GoIT, offering specialized IT education programs to address the tech industry’s skill shortage.Viseven, supporting pharmaceutical companies to accelerate their digital transformation.

Lenna Koszarny, Founding Partner and CEO of Horizon Capital, said: “This historic fund is dedicated to the visionary entrepreneurs of Ukraine. Your strength, courage and resilience in the face of adversity is inspiring, motivating our team to contribute our utmost at this critical time. We are truly honored that President of Ukraine Volodymyr Zelenskyy participated in two HCGF IV closings, commending our investors for backing the country at this pivotal moment, providing capital to support economic renewal and job creation when it is needed most, and signaling their firm belief in Ukraine’s future victory. We extend our deepest gratitude to our esteemed investors – your trust and partnership have made this fund possible, and enabled our team to experience firsthand, the global support and admiration for Ukrainians who are defending their country, powering its economic resilience and using resources provided to maximum effect. From Washington to Tokyo, London to New York, Luxembourg to Copenhagen, Paris to Cologne, Bern to Helsinki, Stockholm to the Hague, Edinburgh to Toronto, this fundraising journey has enabled us to witness the steadfast support for Ukraine, and unwavering commitment to its future recovery, revitalization and renewal. With this successful closing behind us, we embark on a new chapter, focused on partnering with Ukraine’s entrepreneur-champions to accelerate their growth and bolster the realization of their bold vision”.

Horizon Capital (www.horizoncapital.com.ua) is the leading private equity firm in Emerging Europe with $1.6 billion in assets from investors with a capital base exceeding $700 billion, raising over $800 million in growth capital to back visionary entrepreneurs from Ukraine and Moldova (the “Region”) in circa 6 years. Horizon Capital-managed funds have invested in over 170 companies employing more than 80,000 people in the Region.

Photo – https://mma.prnewswire.com/media/2346154/Horizon_Capital.jpg

CONTACT: Alona Kotsiubynska akotsiubynska@horizoncapital.com.ua +380 93 297 9487

View original content:https://www.prnewswire.co.uk/news-releases/horizon-capital-closes-its-ukraine-fund-iv-at-350m-100m-above-target-302069814.html

Continue Reading

Technology

62% of financial services professionals say an AI-generated error has reached a client

Published

on

By

New Macabacus report finds AI adoption has outpaced the guardrails needed to keep client-facing models and documents accurate.

NEW YORK, Sept. 10, 2026 /PRNewswire/ — Macabacus, the leading M365 productivity platform for finance and professional services teams, today released the report: GenAI for Financial Services: Velocity and Verification. The report finds that AI now sits at the core of model creation and client presentation development, but most firms lack the review and verification layer needed to catch AI-generated errors before they reach clients.

New Macabacus report finds AI adoption has outpaced the guardrails to keep client-facing models and documents accurate

Drawing on a survey of Macabacus’ 75,000 users and analysis of conversations with hundreds of clients and prospects, the report quantifies the gap between how fast AI is being adopted and how slowly firms are building guardrails to ensure their clients can trust their deal content.

“AI is now involved in the majority of models and documents that reach clients, with 87% of firms saying they use AI daily or weekly for this work,” said Paul Ross, Chief Marketing Officer, Macabacus. “Deal teams should not slow down their use of AI. They need guardrails that let them move faster while maintaining accuracy and their clients’ trust. That is what Macabacus is built for.”

Key findings include:

62% of respondents believe an AI-generated error has reached a client or internal decision-maker in the past 12 months, with 46% saying an error has “probably” landed in a deliverable without anyone catching it.87% use AI daily or weekly to generate financial models and client presentations, but only 23% have comprehensive guardrails (approved tools, accuracy checks, brand compliance, and review workflows) in place.AI has created a divergence in confidence at the review handoff stage for models and presentations: 43% of analysts and associates say AI has made them more confident in their work, while only 29% VPs, directors, and MDs state the same. That leadership group is also 6 points more likely to say AI has made them less confident.

Download the report here:  https://macabacus.com/lp/2026-ai-report

About Macabacus

Macabacus is the leading Microsoft-native productivity platform for finance and professional services teams. When a deal document has to be right, professionals use Macabacus. Trusted by 3,000 firms and 75,000 users across investment banking, private equity, asset management, consulting, advisory, and corporate finance, Macabacus helps users rapidly create and check financial models and deal documents. By combining powerful productivity tools with AI-powered review and automation, Macabacus enables organizations to execute with greater speed, accuracy, and confidence. Learn more at www.macabacus.com

Media Contact

Paul Ross

paul.ross@macabacus.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/62-of-financial-services-professionals-say-an-ai-generated-error-has-reached-a-client-302874451.html

SOURCE Macabacus Inc.

Continue Reading

Technology

ChipMOS to Participate in UBS Taiwan Summit 2026

Published

on

By

HSINCHU, Sept. 10, 2026 /PRNewswire-FirstCall/ — ChipMOS TECHNOLOGIES INC. (“ChipMOS” or the “Company”) (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS), an industry leading provider of outsourced semiconductor assembly and test services (“OSAT”), today announced that it will present to institutional investors at UBS Taiwan Summit 2026, at the W Taipei Hotel on September 15 and 16, 2026.

Management from the Company, including Jesse Huang, Senior Vice President of Strategy and Investor Relations, will discuss the Company’s recent financial results, business trends and growth opportunities. The Company’s investor presentation is available on the investor relations’ section of its website at www.chipmos.com.

About ChipMOS TECHNOLOGIES INC.:

ChipMOS TECHNOLOGIES INC. (“ChipMOS” or the “Company”) (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS) (www.chipmos.com) is an industry leading provider of outsourced semiconductor assembly and test services. With advanced facilities in Hsinchu Science Park, Hsinchu Industrial Park and Southern Taiwan Science Park in Taiwan, ChipMOS is known for its track record of excellence and history of innovation. The Company provides end-to-end assembly and test services to leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries serving virtually all end markets worldwide.

Forward-Looking Statements:

This press release may contain certain forward-looking statements. These forward-looking statements may be identified by words such as ‘believes,’ ‘expects,’ ‘anticipates,’ ‘projects,’ ‘intends,’ ‘should,’ ‘seeks,’ ‘estimates,’ ‘future’ or similar expressions or by discussion of, among other things, strategies, goals, plans or intentions. These statements may include financial projections and estimates and their underlying assumptions, statements regarding current macroeconomic conditions, including the impacts of high inflation, foreign exchange rates and risk of recession, on demand for our products, consumer confidence and financial markets generally; changes in trade regulations, policies, and agreements and the imposition of tariffs that affect our products or operations, including potential new tariffs that may be imposed and our ability to mitigate with respect to future operations, products and services, and statements regarding future performance. Actual results may differ materially in the future from those reflected in forward-looking statements contained in this document, based on a number of important factors and risks, which are more specifically identified in the Company’s most recent U.S. Securities and Exchange Commission (the “SEC”) filings. Further information regarding these risks, uncertainties and other factors are included in the Company’s most recent Annual Report on Form 20-F filed with the SEC and in its other filings with the SEC.

Contacts:

In Taiwan

Jesse Huang

ChipMOS TECHNOLOGIES INC.

+886-6-5052388 ext. 7715

IR@chipmos.com

In the U.S.

David Pasquale

Global IR Partners

+1-914-337-8801

dpasquale@globalirpartners.com

View original content:https://www.prnewswire.com/news-releases/chipmos-to-participate-in-ubs-taiwan-summit-2026-302873463.html

SOURCE ChipMOS TECHNOLOGIES INC.

Continue Reading

Technology

NGP VAN Overhauls Bulk Upload, Making a Critical Campaign Workflow Faster and Easier

Published

on

By

New experience catches errors before imports begin and reduces the manual work required to bring data into NGP VAN

WASHINGTON, Sept. 10, 2026 /PRNewswire/ — NGP VAN, the leading technology provider for Democratic and progressive campaigns, today announced major improvements to Bulk Upload, making one of the platform’s most frequently used workflows faster, more intuitive, and less prone to errors.

The improved Bulk Upload experience addresses longstanding pain points for campaign staff and data managers. The new workflow automatically detects the file type, identifies formatting and matching issues before an import runs, and intelligently maps spreadsheet columns to the appropriate fields in NGP VAN.

“Bulk upload is something we do constantly, and the struggle has always been real,” said Laurie Van Hall, Partner at Bee Compliance. “Smarter column mapping and catching errors up front before the import runs is the kind of upgrade that actually changes how a day goes. Really glad to see NGP VAN tackling this one.”

The improvements arrive as campaigns and organizations head into the busiest stretch of the election cycle, when the volume and urgency of critical data moving into NGP and VAN peaks. By surfacing potential issues before an import begins and reducing repetitive manual mapping, the redesigned workflow helps users spend less time troubleshooting uploads and more time acting on their data.

“The new Bulk Upload workflow lowers the learning curve for new NGP VAN users,” said Candy Emmons, Executive Director of the Democratic Party of Oregon. “With new people joining our team throughout the cycle, making these tools more intuitive helps staff become confident, independent users much more quickly.”

The updated experience includes:

Automatic file-type detection that eliminates the need for users to manually identify the data type they’re importing.Pre-validation checks that surface formatting and matching issues before an import runs.Improved column mapping that automatically matches spreadsheet columns to NGP VAN fields and reduces repetitive setup.A redesigned upload experience, with streamlined opening steps, a cleaner mapping screen, and a refreshed status page built on a modernized foundation.

“We’re hyperfocused on our users and how we can make their jobs easier every single day. Nearly every user I’ve spoken with has had something to say about Bulk Upload – and rarely was it good,” said Francis Brown, Senior Product Manager at NGP VAN. “We listened, pulled together a team, and went after the things that were creating the most frustration. This is exactly the kind of investment we want to make in the core NGP VAN experience – improving the workflows our users rely on every day. The response from beta testers has been incredibly encouraging, and I’m excited for users to get their hands on the new experience. “

The improved Bulk Upload experience does not change existing upload specifications, data models, field mappings, access permissions, or supported file formats. It will be optional at launch, and the existing Bulk Upload workflow will remain available.

About NGP VAN
NGP VAN is the winningest technology platform in the history of democratic and progressive causes, working tirelessly to innovate and advance the technology our clients rely on to bolster our democracy. A proud unionized employer, we help power the trailblazers, campaigners, and advocates fighting up and down the ticket for equality, racial justice, reproductive freedom, democracy, climate reform, and more—including the national Democratic committees and progressive organizations, thousands of Democratic campaigns, hundreds of labor unions, advocacy organizations, progressive and non-partisan PACs, and other organizations.

Press Contact:
Simone Hassan-Bey
NGP VAN
press@ngpvan.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/ngp-van-overhauls-bulk-upload-making-a-critical-campaign-workflow-faster-and-easier-302874469.html

SOURCE NGP VAN

Continue Reading

Trending