Congratulations to UVCA member SID Venture Partners on the first exit in the fund's history, which took less than three years to complete! The deal №1 was Elai.io, a startup with Ukrainian roots that converts text into video content, which is then narrated by an AI avatar. The company was acquired by Panopto, an AI-based video learning platform with more than 10 million users worldwide. The exact amount of the agreement was not disclosed.

An interesting detail is that the fund invested in the startup in March 2022, while it was in the middle of the war. As you can see, the bold decision has paid off.