Email marketing service TriggMine secures $300,000, plans to enter US and European markets

Last week TriggMine, a Kyiv (Kiev)-based startup which has developed a triggered email marketing solution, raised $300,000 from an undisclosed individual investor.

TriggMine’s triggered emails are intended for e-commerce sites to increase conversion, and recover abandoned carts. The company also offers a variety of email templates and real-time analytics to enhance emailing activity.

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WannaBiz, Ukraine’s last significant startup incubator, stops activity to focus on venture investment

Last month WannaBiz, a startup incubator based in Odesa (Odessa) in southern Ukraine, announced its transformation into a venture fund, setting the goal of raising from $5 million to $10 million from individual investors.

“We’re not completely stopping incubation activity, but our main focus will be on investment,” WannaBiz Managing Partner Vadim Rogovsky said in an exchange with tech blog AIN.UA.

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Ukrainian Institute of America

IT round table takes place in New York to promote Ukraine’s tech sector

America has up to 2 million people who claim Ukrainian roots — and some of them are busy helping promote Ukraine’s informational technology sector.

On Oct. 8, the IT Round Table took place with participation from executives of major Ukrainian software developers from DataArt, Eleks, EPAM and SoftServe. The venue was the non-profit Ukrainian Institute of America in New York.

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Industry event shows Lviv becoming capital of Ukraine’s IT industry

Lviv (Lvov), the unofficial capital of western Ukraine, is also the capital of IT business in Ukraine. And the city looked the part when it hosted the massive Lviv IT Arena tech conference on Oct. 2-4.

More than 1,400 participants from Ukraine and abroad gathered for the event – up from 800 who came to the first Lviv IT Arena in 2014. The event took place at the city’s impressive new Lviv Arena soccer stadium.

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Inner Chef

Indian food delivery service Inner Chef secures $1.7 million from Ukrainian, Russian and local investors

Inner Chef, an Indian adaptation of the US service Blue Apron, has raised $1.7 million from Kyiv (Kiev), Ukraine-based fund TA Ventures and several business angels.

These include Boris Ryabov, managing partner of Russia-based venture fund Bright Capital, as well as Indian entrepreneurs Phanindra Sama, Vijay Shekhar Sharma, Anupam Mittal Vishal Gondal and others.

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YouScan+yell acquires Ukrainian-Russian startup YouScan

Local search and user review service has acquired a controlling stake in Ukraino-Russian startup YouScan by buying the shares of the previous investors, while the founding team retained a minority stake. No further details of the transaction were disclosed.

Yell also announced that it will invest $1 million in the company’s further development.

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BrainBasket Foundation

BrainBasket Foundation: “Universities can’t keep up with the speed of development within the IT industry”

As the Ukrainian IT sector is still growing in spite of the economic turmoil, the country lacks qualified professionals to meet the expanding levels of international demand for skilled IT staff. If the Ukrainian IT sector is to reach its potential as one of the engines of the new Ukrainian knowledge economy, a fresh generation of IT experts needs to be nurtured.

The BrainBasket Foundation is leading current efforts to prepare this new generation of Ukrainian IT specialists. Launched in 2015, this foundation aims to facilitate the training of 100,000 new IT specialists by 2020 via a combination of informational support and educational initiatives. Business Ukraine magazine spoke to BrainBasket team about the vast potential of the Ukrainian IT sector and the challenges of keeping pace with developments in this most dynamic of industries.

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Penko Dinev

IBM Ukraine head unhappy with slow pace of reforms

Global technology players with offices in Ukraine are as disappointed as anyone with the halting pace of Ukraine’s post-revolutionary changes.

“Everybody observes that there is a certain, let’s say, decline in the speed of reforms… We see that the reforms that were promised year and a half ago are not taking place as fast as we would like,” says Penko Dinev, IBM Ukraine general manager.

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Blockchain Ukraine

Software developer Innovecs opens internationally-oriented Blockchain R&D center in Kiev

Earlier this month American-Ukrainian software development company Innovecs  launched a Blockchain research and development center in Kyiv (Kiev). The center was set up with the participation of Mikhail Chobanyan, co-founder of Bitcoin Foundation Ukraine (BFU).

A blockchain is a distributed database that maintains a continuously growing list of data records. This technology offers protection against tampering and revision, even by operators of the database. It is used as a distributed transaction ledger for some cryptocurrencies, including bitcoin.

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ukraine computer screen

Ukrainian government launches web portal to track use of public funds

Earlier this month the Ministry of Finances of Ukraine launched eData,  a portal to track the use of public funds and “defeat corruption.”

“We are introducing a revolutionary IT platform that will ensure more transparent use of public funds. After completion of the project, all citizens of Ukraine will be able to check the use of the state budget,” said finance minister Natalie Jaresko.

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