While Ukraine ranks third worldwide in the 2022 Global Crypto Adoption Index, Web3 startups with roots in this country raised nearly $1 billion in investments over the past four years.
This and other interesting facts and numbers are contained in a report just published by Hypra, a Lisbon-based Web3 fund with a Ukrainian team.
According to this report:
- More than 80 Ukrainian or Ukrainian-founded Web3 startups were launched over the p&ast four years;
- 10 Ukrainian funds invest in blockchain projects and crypto (including TA Ventures, Roosh Ventures, SID Fund, ZBS Capital and Hypra itself);
- Some 50 Ukrainian blockchain development companies serve clients worldwide.
Hypra also shares a map of the Ukrainian blockchain ecosystem, and lists the top 15 Web3 companies with Ukrainian roots by valuation.
The Ukrainian blockchain ecosystem
$25 million in smart money for Web3 startups
Launched in March 2022, Hypra claims to have already raised over $25 million.
The fund’s team aims to help Web3 entrepreneurs “efficiently set up operational processes, create dream teams” and “build massive future businesses.”
Hypra’s support also may involve “ready-to-work [in-house] blockchain development teams”
In July 2022, Hypra invested $500,000 in EvaCodes, a blockchain development service company based in Kyiv.
Ukrainian-founded Web3 startups raised $1 billion in four yearsRead More
