The AI startup Distribution Demon, founded by Ruslan Lynnyk, managing partner of the investment fund Majinx Capital, has raised $200,000 from five Ukrainian entrepreneurs. The round was closed in January 2026, when the product was still at the idea stage. Lynnyk spoke about this in an interview with AIN.
Among the investors is the former director of a large agricultural holding. Lynnyk does not disclose the names of the other four investors. According to him, the investors have exit experience.
The funds raised made it possible to finance the development of the startup.
What is known about Lynnyk's startup
Distribution Demon is developing a platform for creating and managing virtual influencers. The startup's goal is to bring leads to businesses from advertising videos.
According to Lynnyk, the campaigns have already generated over 500 million views. Among the clients are businesses, marketing agencies, and creators. Currently, the team is simultaneously developing a SaaS platform, the first group of users of which it plans to allow to test within a month and a half.
Distribution Demon has more than 10 paying clients and $23,000 in monthly recurring revenue (MRR). The startup has also opened a $1.7 million Seed round, which it plans to close by the end of 2026.