KYIV, Nov 15 - Western NIS Enterprise Fund (WNISEF) has announced the launch of U.Ventures, a new fund focusing on investing in early-stage technology startups from Ukraine and Moldova.

U.Ventures will invest in early stage companies, from Seed to Series A, with investments ranging from $100,000 to $500,000.

WNISEF told Interfax-Ukraine on Wednesday that at the first stage the fund will manage $5 million, although it is planned to expand it to $10 million.