The U.S. International Development Finance Corporation (DFC) has provided the Superhumans Center with $25 million in war risk insurance.
The Superhumans Center, which provides free services for prosthetics, rehabilitation, reconstructive surgery, and psychological support to those injured in the war in Ukraine, has received political risk insurance from the U.S. International Development Finance Corporation (DFC) totaling $25 million.
DFC’s political risk insurance will provide private donors with confidence in the safety of their contributions. Superhumans is a nonprofit organization without state funding, and all clinic services are completely free for patients. The trust of a powerful partner, the U.S. government agency, will enable Superhumans to expand and assist more Ukrainians.
DFC Chief Executive Officer (CEO) Scott Nathan said, “DFC is meeting a critical need for Ukraine through our political risk insurance work. Together with the private sector, we are building investor confidence where it’s needed most and mobilizing the capital required to strengthen Ukraine’s economy today and into the future. I’m proud that DFC is providing this vital support for the Superhumans Center – an organization that cares for the wounded and demonstrates the resilience and strength of the Ukrainian people amid this devastating war.”
Philipp Grushko, co-founder of Superhumans, expressed his pride in receiving DFC political risk insurance. “The center has been operating since April 2023 and is soon opening a reconstructive surgery department. For our partners, donors, and patients, this is a significant event that demonstrates the possibility of securing investments in war-torn Ukraine and investing in its recovery without waiting for the end of the conflict. We are proud to be a part of such an important initiative in Ukraine with such a reliable partner,” he said.
Political risk insurance from a strong American partner is a critically important market signal, indicating that investors and donors have reason to trust Ukrainian civil society organizations and businesses. DFC is one of the few organizations with the unique resources to provide political risk insurance to Ukrainian enterprises and charitable organizations during times of war. In addition to political risk insurance, DFC also offers debt financing, equity investments, and technical assistance. The U.S. government agency’s total portfolio in Ukraine stands at over $1 billion.
“This decision by DFC provides support to both international and Ukrainian investors, demonstrating that implementing projects in Ukraine is not only possible but also supported,” commented Yulia Svyrydenko, First Vice Prime Minister and Minister of Economy of Ukraine. “It is extremely important that Superhumans receives this insurance. This center is of great importance, as it is where Ukrainians restore their physical and psychological health,” she concluded.
Superhumans Center is a modern clinic providing prosthetics, rehabilitation, reconstructive surgery, and psychological support for military and civilian war victims in Ukraine. Superhumans is a nonprofit enterprise, and all clinic services are free for patients.
The center is financed by donors and partners. The first Superhumans Center was opened near Lviv, Ukraine, in April 2023, with plans to expand to other regions of Ukraine in the near future. The project was initiated by Ukrainian businessman Andrey Stavnitser. www.superhumans.comThe U.S. International Development Finance Corporation (DFC) is the U.S. Government’s development finance institution. DFC partners with the private sector to finance solutions to the most critical challenges facing the developing world today. DFC invests across sectors including energy, healthcare, infrastructure, agriculture, and small business and financial services. DFC investments adhere to high standards and respect the environment, human rights, and worker rights. www.dfc.gov