The Current Wave: New breed of Ukrainian tech entrepreneurs seek success in global markets, Part 5

From Kyiv, to Warsaw, to London, Ukrainian startups continue growing and raising funds

In yet another sign of resilience amid the war, at least five funding deals involving Ukrainian or Ukrainian-founded startups were reported in the course of February.

Finmap landed €1 million in a round led by Polish-American venture fund Smok Ventures, a Warsaw, Poland-based fund. Launched in 2018 by Ukrainian entrepreneurs Ivan Kaunov and Oleksandr Solovei, Finmap is now headquartered in London. It has developed a cash flow management service — “simple and convenient for modern businesses, with accessible functionality and a user-friendly interface.” In its previous round of January 2022, Finmap raised $1.2 million.

Deus Robotics, a company that designs and produces robots for logistics, announced a $1.5 million capital injection from SMRK VC, one of the most active Ukrainian VC funds. The fresh funding will be used to “attract new customers in the US and Europe and expand its line of robotic warehouse solutions,” AIN.Capital reported. Established in Kyiv in 2018, Deus Robotics claims to provide its clients with long-lasting yet affordable logistics solutions with help of AI-powered robots.

Harmix, a Kyiv-based startup that offers an “AI-powered music search engine,” secured $500,000 from unnamed Canadian investors, as reported by The company’s algorithm analyzes 50 parameters to select the music that best fits your video. 

In the UK, neo car finance startup Carmoola will receive £103.5 million, including £8.5 million in a Series A equity funding round and £95 million in debt facility, reports “Get a budget in 60 seconds, buy your car from anywhere, buckle up and hit the road,” promises the startup, which has British and Ukrainian co-founders. 

As reported earlier this month by Ukraine Digital News, Kolibrio closed a $2 million first round from a consortium of Web3 investors. This Ukrainian DeFi startup is developing a solution to help blockchain transaction originators “get ownership of the order flow they create and have the option to monetize it via a system of on-chain order flow auctions (OFAs).”

Topics: Startups, AI & Big Data, Blockchain, Finance, Financial technologies, International, News, Payments & fintech, Robotics
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