Dnipro VC Palo Alto, California
Palo Alto venture investor focused on AI and cybersecurity, backing Ukrainian founders globally at pre-seed through Series A according to its founders’ September2025 interview. Earlier partner investment history is separate from current Dnipro portfolio.
Founded 2024
Type Venture capital 0 No funds on record yet.
— $100K – $5M Menlo Park, California — — – — — — – — — — – — — — – —
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No co-investors on record yet.
team@apexlogos.ai · 6 hours ago
Investment-fund research reviewed 2026-10-06. Publicly identified funds, dates, amounts and fundraising status are below. Undisclosed commitments remain unknown; this is not a complete register of private SPVs or parallel entities.
Fund size, checks and stage mandate
| Item | Finding | Evidence and limits |
|---|---|---|
| Fund capital / AUM | **Not publicly verified** | Searches for Dnipro VC fund launches, closes, capital and newer 2026 funds found no usable announcement of a named fund, vintage, closed size or target size. The official homepage does not disclose them. |
| Partner-reported checks | **USD $250,000–$1 million per deal** | [Partner interview, 2025-09-08](https://scroll.media/en/2025/09/08/dnipro-vc-interview/ ); also [Spendbase coverage, 2025-08-26](https://scroll.media/en/2025/08/26/spendbase-secures-investment-from-dnipro-vc/ ). Latest-known dated direct strategy evidence located, not guaranteed current. |
| Signal profile checks | **USD $100,000–$5 million; $1.5 million sweet spot** | Directly read Signal pages above; materially broader than the partner statement. Preserve source and date rather than silently combining ranges. |
| Stage mandate | **Pre-seed, seed, through Series A** | Explicit partner answer in [2025-09-08 interview](https://scroll.media/en/2025/09/08/dnipro-vc-interview/ ). |
| Formation and geography | **Founded in 2024; Ukrainian founders with global ambitions** | Founders’ statements in that interview. The website’s global-founder wording is broader, so confirm whether Ukrainian ties remain a requirement. |
The same interview says Dnipro had completed 18 investments, but the partners’ earlier approximately 60-company track record and 16 exits belong to their combined history. Those figures are neither fund size nor Dnipro exits. Nick also described a preference for AI rather than hardware; the historical hardware logos do not establish a current hardware mandate. [Interview, 2025-09-08](https://scroll.media/en/2025/09/08/dnipro-vc-interview/ ).
A newer firm social post describes **USD $3 million of aggregate soft commitments by ten YEP partner funds**, not Dnipro fund size or a closed fund. The page provides relative publication timing only; accessed 2026-10-06. [Official Dnipro post](https://www.linkedin.com/posts/dnipro-vc-llc_venturecapital-startups-dniprovc-activity-7463291861449838592-D1uL ).
Funds recorded in Adex after this review:
No independently verifiable standalone fund recorded for this entity; see the research findings above. SHOW MORE
team@apexlogos.ai · 7 hours ago
Match research 2026-10-06 / DniproVC / sha256:af3cf7baed9213c4a167e3012b4644842b8883653d6ff89e0b4fd8c2555f9bb3 / part 2 of 2
Imported completed research. Baseline Adex/Signal statements describe prior state, not independent verification. Retain cited attribution, date, currency and classification caveats.
Revalia’s organ/tissue drug-development platform is adjacent biomedical research, not verified direct neurotechnology. Its co-founder biography calls Milad Alucozai a neuroscientist, which does not by itself establish a neurotech product. That [company about page](https://www.revaliabio.com/about-us ) was search-index accessible but returned HTTP 403 on direct browser access, accessed 2026-10-06. Likewise, computer-vision “neural networks” at Let’s Enhance refer to algorithms, not human neural interfaces.
Search results surfaced a neuroscience/EEG-related North AI founder who attended a Dnipro summit. Event attendance is not investment evidence; no attribution was established. [Indexed founder profile, accessed 2026-10-06](https://uk.linkedin.com/in/oleh-kurtianyk ).
## Concrete review notes for a later Adex update
1. Keep the exact entity `DniproVC`; do not confuse it with Ukrainian corporate funds named Dnipro Development or other Dnipro entities.
2. Review the ten previous-investment records separately from current portfolio and identify actual legal investor/vehicle before attributing partner-history companies to Dnipro. Do not assume a transfer from Slava Ventures solely because the interview describes initiatives merging.
3. Candidate profile additions: 2024 formation and pre-seed–Series A mandate, with dated partner-interview attribution. Resolve broader global-founder wording against Ukrainian-founder focus.
4. Preserve the conflict between partner check range and Signal; do not store either as fund size. Leave fund size/AUM unknown pending an official close or reliable legal filing.
5. Add PeopleForce’s dated Pre-Series A only after checking current round deduplication. Its USD $5.38 million is the company round, not this investor’s check.
6. Revalia is the strongest deep-tech evidence, but investment vehicle, round/date and amount remain missing. Do not infer Dnipro participation in every company financing.
7. Current website shows additional portfolio entries beyond the baseline, including FieldComplete and Spendbase; this indicates snapshot incompleteness, not permission to mutate records. Verify financing and exact identities first.
All undated pages above were accessed 2026-10-06. Research was saved early and refined; no database mutations, MCP Patch calls or commits were performed. SHOW MORE
team@apexlogos.ai · 7 hours ago
Match research 2026-10-06 / DniproVC / sha256:af3cf7baed9213c4a167e3012b4644842b8883653d6ff89e0b4fd8c2555f9bb3 / part 1 of 2
Imported completed research. Baseline Adex/Signal statements describe prior state, not independent verification. Retain cited attribution, date, currency and classification caveats.
# Dnipro VC
- **Exact Adex ID:** `DniproVC`
- **Canonical Adex URL:** https://adex.page/firms/DniproVC
- **Research date:** 2026-10-06
- **Status:** Research handoff only; no Adex or database changes made.
Dnipro VC is a Palo Alto investor focused on AI and cybersecurity. The best dated mandate evidence is a September 2025 interview with its founders: pre-seed through Series A, backing Ukrainian founders worldwide. Its current portfolio includes the research-intensive biotechnology company Revalia Bio. Public fund size was not established. Several apparent hardware/deep-tech investments in Adex require attribution review because the firm presents them as previous investments, distinct from its portfolio.
## Starting evidence: Adex and NFX Signal
The exact-ID snapshot `data/research/_sources/DniproVC.adex.json`, retrieved 2026-10-06, describes “Palo Alto early-stage venture firm investing in global AI and cybersecurity founders.” It has no founding date, no check minimum/maximum/sweet spot and no dated rounds. Its firm sources are https://www.dnipro.vc/ and https://signal.nfx.com/firms/dnipro-vc , with underlying research dated 2026-09-14. These imported claims are a starting point, not independent confirmation.
The snapshot includes Marianna Bonechi and Mikola (Nick) Bilogorskiy as managing partners, Roma Romaniv as associate, Irene Barvi as investor and Vlad Voskresensky as growth partner. The official team page corroborates those roles. [Official firm site, undated; accessed 2026-10-06](https://www.dnipro.vc/ ).
Its 25 investment records, all with unknown amounts and dates and sourced to the homepage, are A20Lab; AppLovin; AttackIQ; BuildCheck; Cardamon; Cequence; ComplexChaos; Crosscheck; Deskree; Eclypsium, Inc; Flowstep; HealthHelper; Instock; Lamar Health; Let’s Enhance; Liki24; Meridian; Olive Legal; People.ai; PeopleForce; Respeecher; Revalia; Uber; Very Good Security; and ZeroAvia. They should not be treated as independently verified financing participations.
**Signal was directly read**, both the [firm page](https://signal.nfx.com/firms/dnipro-vc ) and [Marianna Bonechi profile](https://signal.nfx.com/investors/marianna-bonechi ), accessed 2026-10-06. The firm page lists Bay Area location, Bonechi as managing partner, a **USD $100,000–$5 million investment range** and **USD $1.5 million sweet spot**, plus AI/DeepTech Seed categories. The refreshed investor page agrees on Dnipro affiliation and check fields. An earlier cached retrieval title labeled her Slava Ventures, so stale index metadata exists; it does not supersede the directly refreshed Dnipro affiliation. Intro paths require login. Signal supplies directory claims, not evidence of fund capital, an executed check, or particular deep-tech deals.
## Fund size, checks and stage mandate
| Item | Finding | Evidence and limits |
|---|---|---|
| Fund capital / AUM | **Not publicly verified** | Searches for Dnipro VC fund launches, closes, capital and newer 2026 funds found no usable announcement of a named fund, vintage, closed size or target size. The official homepage does not disclose them. |
| Partner-reported checks | **USD $250,000–$1 million per deal** | [Partner interview, 2025-09-08](https://scroll.media/en/2025/09/08/dnipro-vc-interview/ ); also [Spendbase coverage, 2025-08-26](https://scroll.media/en/2025/08/26/spendbase-secures-investment-from-dnipro-vc/ ). Latest-known dated direct strategy evidence located, not guaranteed current. |
| Signal profile checks | **USD $100,000–$5 million; $1.5 million sweet spot** | Directly read Signal pages above; materially broader than the partner statement. Preserve source and date rather than silently combining ranges. |
| Stage mandate | **Pre-seed, seed, through Series A** | Explicit partner answer in [2025-09-08 interview](https://scroll.media/en/2025/09/08/dnipro-vc-interview/ ). |
| Formation and geography | **Founded in 2024; Ukrainian founders with global ambitions** | Founders’ statements in that interview. The website’s global-founder wording is broader, so confirm whether Ukrainian ties remain a requirement. |
The same interview says Dnipro had completed 18 investments, but the partners’ earlier approximately 60-company track record and 16 exits belong to their combined history. Those figures are neither fund size nor Dnipro exits. Nick also described a preference for AI rather than hardware; the historical hardware logos do not establish a current hardware mandate. [Interview, 2025-09-08](https://scroll.media/en/2025/09/08/dnipro-vc-interview/ ).
A newer firm social post describes **USD $3 million of aggregate soft commitments by ten YEP partner funds**, not Dnipro fund size or a closed fund. The page provides relative publication timing only; accessed 2026-10-06. [Official Dnipro post](https://www.linkedin.com/posts/dnipro-vc-llc_venturecapital-startups-dniprovc-activity-7463291861449838592-D1uL ).
## Previous deep-tech investments
“Deep tech” below is a research judgment about underlying technology, not an automatic consequence of an AI label.
| Company | Technology and classification | Dnipro attribution / financing evidence |
|---|---|---|
| **Revalia Bio** | Strongest verified current deep-tech fit: donated human organs/tissues generate multimodal biological data for drug and device development. The combination of experimental organ infrastructure and computational biology supports a biotech/deep-tech classification. [Company homepage, undated, accessed 2026-10-06](https://revaliabio.com/ ). | Listed in Dnipro’s current portfolio; Bonechi independently identifies it as a portfolio investment in the [2025-09-08 partner interview](https://scroll.media/en/2025/09/08/dnipro-vc-interview/ ). Company homepage dates a seed raise to 2024, but no source checked ties Dnipro to that specific round or gives its check/date. |
| **Let’s Enhance** | Computer-vision candidate: image super-resolution and diffusion-based reconstruction. Company technical description establishes more specific technology than ordinary administrative SaaS, but a defensible proprietary research moat was not independently evaluated. [Company post, 2026-01-14](https://letsenhance.io/blog/all/how-to-upscale-images/amp/ ). | Current portfolio attribution supported by [2025-08-26 reporting](https://scroll.media/en/2025/08/26/spendbase-secures-investment-from-dnipro-vc/ ). Dnipro round/date/amount not established. Treat as advanced-AI candidate rather than conclusively a frontier deep-tech investment. |
| **ZeroAvia — historical attribution caution** | Aerospace hydrogen-electric propulsion, fuel cells and hydrogen storage are clear engineering/deep-tech technologies. [Official company site, accessed 2026-10-06](https://zeroavia.com/ ). | Dnipro’s homepage places it among previous investments; it is not evidence of a Dnipro fund transaction. No Dnipro-specific round/date verified. Keep outside verified firm investment count pending vehicle attribution. |
| **Instock — historical attribution caution** | Autonomous warehouse robots moving inventory in three dimensions, integrated with storage structures and orchestration software: robotics/deep-tech fit. [Official company site, accessed 2026-10-06](https://instock.com/en/ ). | Also among Dnipro homepage previous investments, requiring separation from current portfolio. No dated Dnipro participation verified. |
The homepage’s previous-investment block also includes People.ai, Uber, Very Good Security, AppLovin, Eclypsium, Respeecher, AttackIQ and Cequence. It must not be flattened into current Dnipro financing records. Homepage layout was checked both through browser text and raw HTML to resolve headings. [Official firm site, accessed 2026-10-06](https://www.dnipro.vc/ ).
For a financing anchor outside deep tech, the investee’s announcement directly confirms Dnipro participation in **PeopleForce’s USD $5.38 million Pre-Series A, 2025-04-16**, led by Pracuj Ventures and u.ventures. The round total is not Dnipro’s investment amount. HR automation alone does not establish deep tech. [Official PeopleForce announcement](https://peopleforce.io/uk/blog/peopleforce-zaluchyla-5-mln-u-pre-series-a-raundi ).
## Neurotechnology
**No verified neurotech investment found in the sources checked.** Searches included Dnipro VC with neurotech, brain and neuroscience terms, the official portfolio, Adex baseline, Signal and Revalia sources. No firm-attributed brain interface, neural sensing or neuromodulation company was established. SHOW MORE
team@apexlogos.ai · 22 days ago
MATCH 
PeopleForce
ZeroAvia
Very Good Security
Uber
Revalia
Respeecher
People.ai
Olive Legal
Meridian
Liki24
Let's Enhance
Lamar Health
Instock
HealthHelper
Flowstep
Eclypsium, Inc
Deskree
Crosscheck
ComplexChaos
Cequence
Cardamon
BuildCheck
AttackIQ
AppLovin
A20Lab