Western NIS Enterprise Fund


Western NIS Enterprise Fund (WNISEF) is a $150 million regional fund, a pioneer in Ukraine and Moldova with 28 years of successful experience in investing in small and medium-sized companies. WNISEF was funded by the U.S. government via the U.S. Agency for International Development (USAID). Since its inception, WNISEF’s cumulative investments total over $188 million to 136 companies employing around 26,000 people and made it possible to unlock $2.3 billion for companies in Ukraine and Moldova.

In 2015 WNISEF has launched a $35 million legacy program focused on export promotion, local economic development, impact investing and economic leadership.


WNISEF is funding innovative, high-impact, reform focused programs and aims to support Ukraine and Moldova at this critical period by developing sound economic policy and leadership.


WNISEF is governed by an independent Board of Directors comprised of leading representatives of the U.S. business community. WNISEF was established by the U.S. Congress and funded by the U.S. government via USAID.

We believe that these funds will be the catalyst that will expedite the transformative process and cement its results for the longer term – until ordinary people feel a tangible impact on their lives and join the ranks of reformers.

Jaroslawa Zelinsky Johnson

President and CEO of Western NIS Enterprise Fund


Lublin Urban Club. The City Is Me

November 28, 2022

Lublin Urban Club. The City Is Me – this is the motto of the first youth urban club in Lublin, opened on Friday, November 18. For five weeks children and youth from Poland and Ukraine will be attending free workshops along with Polish and foreign experts to design an environmentally friendly city together. To join the Club, one needs only to register at the link. Participation in the Club meetings is free.

USAID and WNISEF to award 700 scholarships to study at GlobalLogic, Ciklum and SoftServe IT courses on Prometheus platform

October 28, 2022

Ukraine’s largest educational platform Prometheus launches affordable IT courses in partnership with IT industry leaders GlobalLogic, Ciklum, and SoftServe. The best graduates will get invitations to the interviews and continue cooperation with the companies. 700 applicants will be able to join the educational programs for free due to scholarships. The project is supported by the United States Agency for International Development (USAID) and WNISEF.

USAID-Backed Western NIS Enterprise Fund Commits $10 million to Horizon Capital’s Latest Fund for Ukraine and Moldova

September 26, 2022

Western NIS Enterprise Fund (“WNISEF”) has committed $10 million at the first closing of Horizon Capital Growth Fund IV, LP (“HCGF IV”), managed by Emerging Europe’s leading regional private equity firm, Horizon Capital. WNISEF’s commitment supported Horizon Capital in raising $125 million at the first closing, exceeding its $100 million target due to the momentum achieved based on the dedicated support of existing investors including WNISEF. With the backing of WNISEF and other first close investors, Horizon Capital has achieved a record high first closing, reaching 50% of its $250 million target, and the highest first close in the firm’s history. WNISEF’s Chairman of the Board as well as its President & Chief Executive Officer, were present at the signing ceremony held today at IFC’s London office, with the President of Ukraine Volodymyr Zelenskyy participating virtually in the official ceremony to mark this important event.

Want to speak Ukrainian? Now it’s even easier to start! Western NIS Enterprise Fund supports The United project

September 15, 2022

Western NIS Enterprise Fund (WNISEF) has supported The United project aimed to ease the transition to the Ukrainian language. Since April the project has been actively implemented by the Teach in Ukrainian initiative.


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Made in Ukraine – Nazar Bilous. LaMetric

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Made in Ukraine – Viktor Kopach and Vasyl Dub. Animal ID

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WNISEF 25th Anniversary Reception