Ukrainian business angels invested $1.6 million in 21 deals in H1 2015

While celebrating its first anniversary last week, the UAngel association announced that its members have closed no fewer than 60 deals since the association inception in June 2014.

Of these deals, 21 took place in the first six month of 2015, totalling more than $1.6 million, reported Ukrainian tech blog AIN.UA.

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​Israeli entrepreneur sees Ukraine as tech land of plenty

War and economic crisis have scared away many foreign business people but for Ukraine’s technology industry the future looks bright.

Lior Tal, a 45-year-old serial entrepreneur from Israel, arrived in Ukraine for the first time in late May to participate in the Tech Bridge Israel-Ukraine networking event. He talked to young tech entrepreneurs and Kyiv university students about the effect that social media can make on people’s professional lives.

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PayPal in Ukraine

Ukraine calls PayPal to make service fully available in the country

Following a Facebook campaign and intense lobbying from IT activists, the Ukrainian government is putting public pressure on PayPal to make its payment services fully available to Ukrainian residents.

Today PayPal offers a limited set of features in the country: Ukrainians may open a PayPal account and use it to send payments — but not to receive payments. These restrictions make life more difficult to thousands of Ukrainian free lancers — in particular, in the IT business — who work with foreign clients or partners.

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Metro + Mastercard

Mastercard contactless payments introduced in Kyiv’s subway

Kyiv (Kiev) became the fifth city in the world on June 19 to let MasterCard holders pay for subway rides with cards that have chips using the so-called PayPass technology.

Kyivsky Metropoliten, the city-owned company that manages Kyiv’s subway system, installed 17 turnstiles with MasterCard payment terminals, according to a June 19 company news release. Only London, St. Petersburg, Chicago and Bucharest have such turnstiles installed.

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ukraine computer screen

Ukrainian IT companies claim superior value in global outsourcing market

Around 60,000 employees of IT outsourcing and consulting firms in Ukraine produce almost a half of $5 billion industry’s value. Ukraine, though, does not always market all competitive advantages of its tech specialists.

During the Business Sweden forum held in Kyiv on June 16, the representatives of software development and IT consulting firm Sigma Software tried to prove the relatively higher value of Ukrainian IT specialists compared to the cheaper tech labor force of Asian countries.

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Seed Forum Odessa 2015

Seed Forum Odessa 2015 to showcase the best of Ukrainian and Moldavian startups

A part of a series of international investment conferences in more than 45 countries, Seed Forum Odessa 2015 will take place on June 15 in Odessa, a large city in southern Ukraine and a hot spot on the country’s innovation map.

The event will present seven startups from Ukraine and neighboring Moldova. Representatives of the investment community, top executive of local and international businesses, public figures, diplomatic circles and important media will be there.

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EcoisMe launches smart energy-management device, over reaches crowdfunding target

Ecoisme, a Ukrainian startup which moved its headquarters last year to Poland, has launched its device to “track energy usage of any device, get tips to reduce it and alerts about devices left turned on.”

Presented as “the world’s most intelligent home energy monitoring system,” the Ecoisme device is currently available on Indiegogo, where it over reached the crowdfunding target with almost $60,000 raised in just 24 days.

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Kwambio + GVMachines + US

Two Ukrainian startups join TechStars in Boston, with Kwambio obtaining $650,000

Two Ukrainian startups, Kwambio and GVMachines, have entered the 3-month-long summer program at the TechStars accelerator in Boston, joining a class that includes 12 teams from various countries.

Ukrainian tech blog AIN.UA has learned that Kwambio has also obtained $650,000 from TechStars and business angels. The amount of investment for GVMachines has not been reported.

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Ukrainian smart home-security startup raises $1 million from local fund SMRK

After falling by nearly half last year, is the Ukrainian venture market showing some signs of recovery? Just weeks after Clickky, a mobile-marketing app service headquartered in Odessa, raised $2 million, here comes Ajax Systems, maker of smart devices for home security, announcing that they have raised $1 million from SMRK.

This injection of capital is only the first part of a financing deal, the potential total amount of which has not been disclosed.

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Nadiya Vasylieva

How Microsoft is helping Ukrainian government and academia with IT amid political and business instability

In October 2014 Nadiya Vasylieva was appointed the new head of Microsoft’s Ukrainian division, while Dmitry Shimkiv, who had served as Microsoft’s Ukraine chief since 2009, joined the presidential administration to carry out reforms.

In an interview with The Kiyv Post and Ukraine Digital News, Ms. Vasylieva commented on the group’s situation in Ukraine, its cooperation with the government and current business prospects.

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