K.FUND launches a humanitarian effort to preserve and provide for the people of Ukraine

25 March 2022, 10:00 AM
Company news


Amid the destructive Russian war against Ukraine, K.FUND, a 7-year old impact investment vehicle created by UFuture, is launching a humanitarian effort to preserve the most valuable resource of Ukraine - our people.

The following is a press release by UFuture, a Ukrainian investment group founded by entrepreneur Vasyl Khmelnytsky.

For over three weeks, Russia has been bombing Ukrainian cities, destroying residential buildings and maternity wards, TV towers, hospitals, schools, and theaters. Thousands of Ukrainians have already died, including hundreds of children. Entire cities have no access to water, food, light, communication, and other basic necessities. Humanitarian needs are increasing every hour. Ukrainians are terrified and seek safety and protection. Most businesses are incapable of continuing their operations. Companies are losing assets and their people, and and Ukraine's talents are being forced out of their homes and country.

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All of UFuture’s assets are located in Ukraine. Capital flows have been cut and terminated, as have international transactions. Ukraine is in calamity. Therefore, UFuture's management has decided to focus their efforts and their expertise to launch a humanitarian initiative under the K.FUND umbrella. The main mission of the fund at the moment is to preserve and provide for the most valuable resource of Ukraine - its people, and to create effective opportunities for partners from all over the world to help Ukraine.

The company’s team has been working for many years to ensure that Ukraine is included in the global business community in terms of access to capital, reputation, and respect in the international arena, so that Ukraine's best and brightest remain in the country, developing their own futures alongside Ukraine. To this end, the company has been investing for decades in creating ecosystems for talent, investors, and partners, such as UNIT.City Innovation Park, an Industrial park and accelerators for start-ups. For that reason, today the team is focused on helping the country to endure, to help Ukrainians and talents return to the country as soon as possible, to rebuild it, and get on with their lives.

The fund is a non-profit charity organization. For over seven years, K.FUND and its team have been implementing and supporting education and economic development projects, often in cooperation with international organizations and donors.

"Since the outbreak of full-scale war, UFuture has been repurposed to provide humanitarian aid to Ukraine. Our employees coordinate aid deliveries from Poland through warehouses in the Lviv region and Volyn regions. Our industrial park in Bila Tserkva has been remodeled into a logistics center to distribute aid around Kyiv and central Ukraine, including cooperation with the Ukrainian Red Cross. The activity of K.FUND will now focus entirely on humanitarian aid to Ukrainians. We are ready to attract partners and friends from all over the world to deliver effective and timely aid to Ukraine", said Nicholas Tymoshchuk, now CEO of the K.FUND.

K.FUND accumulates resources in the EU. It collects donations and contributions from foreign partners, donors, and organizations, procures essential goods and services outside Ukraine, and then delivers them into the country. The fund focuses on the following areas: medicines and medical equipment, specialized food products for humanitarian disaster areas, elements of mobile energy infrastructure, and specialized transport.

The fund possesses a logistics ecosystem and trusted partners in Ukraine to deliver aid directly and quickly to where it is needed the most. K.FUND cooperates closely with municipal and civilian public administrations and volunteer organizations. Fund partners include Nova Poshta, KPMG, Ukrzaliznytsia, and FTI Consulting.

The supervisory board includes Vazil Hudak, former Vice President of EIB and now advisor to the Czech National Development Fund, Michal Tomasz Kaminski, Deputy Marshal of the Polish Senate, and Arturo Bris, Professor of Finance at the International Institute of Management Development (IMD) and Director of the IMD World Competitiveness Center.

"Our main strength today is unity. We all unite to support Ukrainians. To fight for freedom and independence of our country, for the right to be free, for a peaceful sky over Ukraine and Europe. Together we can prevail. At this moment I am appealing to the world to support us," said Vasyl Khmelnytsky, founder of K.FUND, UFuture, and UNIT.City innovation park.

The fund calls upon international partners, investors, organizations, and citizens to join its assistance and provide financial support.

"The war in Ukraine concerns the future of democracy and freedom in Europe and possibly beyond. The international community must unite to support the people of Ukraine to resist the Russian invasion. The business community both in Ukraine and abroad has a special responsibility to mobilize resources to address the humanitarian crisis in Ukraine. This fund could be instrumental in coordinating humanitarian aid from the business community," stressed Vazil Hudak, Supervisory Board member of K.FUND.

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To donate — use the official accounts of K.FUND in US dollars and euros:

Beneficiary Name: K Fund Raising Organisation Beneficiary bank: Raiffeisen Bank International AG, Vienna
Payment details/designation/purpose: “Charity Payment”

EUR Account
IBAN AT473100000156878457 
USD Account
IBAN AT763100007056878457  
Sort Code 31000

Correspondent Banks:
EUR payments
Correspondent Bank: DZ Bank AG, Frankfurt
Account number DE37500604000009011447

USD payments
Correspondent Bank: Standard Chartered Bank, New York
Account number 3582039831001

You can find out more information about the Fund and follow its activities by following the link

About UFuture

UFuture is a holding of Ukrainian entrepreneur Vasyl Khmelnytsky that integrates his business and impact-investment projects. The company has a diversified portfolio of assets in infrastructure, industry, renewable energy, pharmaceuticals, real estate and IT. UFuture's assets are valued at $500 million and the total capitalization of the businesses it has invested in is up to $1 billion.

UFuture is the majority shareholder in theUDP development company (specializing in large infrastructure projects) and the Kyiv Sikorsky International Airport (the second international airport in Ukraine by passenger traffic), a strategic investor in Biopharma (pharmaceuticals) and UDP Renewables (renewable energy).

The company invests in new business and impact projects, including UNIT.City innovation parks in Kyiv and Kharkiv, LvivTech.City in Lviv, Bila Tserkva Industrial Park, Unit School of Business, INDAX production accelerator.

With Vasyl Khmelnytsky, the K.FUND foundation, and independent partners, UFuture develops and supports various social projects in the fields of education and economics, specifically the Kyiv International Economic Forum (KIEF), Lean Institute Ukraine, Novopecherska School, ucode IT academy, and the entrepreneur club WIN-WIN Club, an interdisciplinary project to improve the professional level of young designers, the development of creative teams in the European Design Upgrade: Transnational Capacity Building (EDU), and more.

UFuture is an ecosystem of partners, investors and talents. Their mission is to enable the growth of businesses and new ideas.

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