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Ukraine-Moldova American Enterprise Fund

UMAEF and Doina Vin: GROW Moldova and Scale-Up Moldova

UMAEF (the Ukraine-Moldova American Enterprise Fund) is an American non-profit fund set up by the US Congress in 1994 that finances investments and programmes for companies in Ukraine and Moldova. Doina Vin has taken part in two UMAEF-funded programmes: the GROW Moldova grants, run by ANTRIM in 2025, and Scale-Up Moldova, run by GLIA Impact Hub, where the winery pitched its business to investors on 12 March 2026.

Book a winery visit The UMAEF website (external site, opens in a new tab)

Facts checked on 28 October 2026; the sources are at the end of the page.

UMAEF's programmes and the winery's part

UMAEF did not work with the winery directly: it funded programmes run by ANTRIM and GLIA Impact Hub.

The winery in Răzeni in photos

  • The winery's production yard with steel tanks, buildings and a row of firs
    The winery's production yard
  • The winery's tasting room, with wine racks on a brick wall and a wooden door
    The tasting room and its wine racks

Questions and answers

What is UMAEF?
The Ukraine-Moldova American Enterprise Fund, an American non-profit fund set up by the US Congress in 1994 and first funded by the US government through USAID. Until 2024 it was called the Western NIS Enterprise Fund (WNISEF). In Moldova it invests directly in SMEs and funds programmes for companies.
Did Doina Vin receive money directly from UMAEF?
No. The winery received a GROW Moldova grant from ANTRIM, out of UMAEF funds, and went through GLIA Impact Hub's Scale-Up Moldova programme, supported by UMAEF.
What did the winery do in Scale-Up Moldova?
It was selected for the first edition in October 2025, followed the sessions on investment, financial indicators and valuation, and on 12 March 2026 pitched its business to investors at the closing event.

Sources

  1. UMAEF, official website (about the fund) (external site, opens in a new tab)
  2. UMAEF, 12 March 2026: “Scale-Up Moldova Program Prepares High-Growth Companies to Attract Investment” (external site, opens in a new tab)
  3. UMAEF, 2024: the launch of the WESA programme (external site, opens in a new tab)
  4. UMAEF, the SME direct investment programme (external site, opens in a new tab)
  5. Logos Press, 30 May 2025: the 20 GROW Moldova grantees (external site, opens in a new tab)
  6. Winery documents: agreement GROW-04 (May 2025); Scale-Up Moldova selection (30.10.2025); Investment Showcase agenda (12.03.2026)

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