Last month, the Ukrainian Venture Capital and Private Equity Association (UVCA) achieved a significant milestone in establishing a fund-of-funds to support Ukrainian startup entrepreneurship. The “Ukrainian Fund of Funds” is now formally established with a legal entity registered in Luxembourg. The vehicle is managed by an experienced fund-of-funds manager, Ertan Can. “We are now starting …
Last month Ukrainian syndicate Toloka announced a €1 million investment in FINN, a Munich-based car service company. This capital injection complements a €100 million Series C round completed in January this year. Established just a year ago, Toloka already boasts six startups in its portfolio, the syndicate’s COO Anna Bilyk told Ukraine Digital News. Notable …
In recent weeks, Ukraine has witnessed a surge in defense tech innovation initiatives, signaling progress in this crucial sector. Among the news was the launch of Defence Builder, a startup accelerator aimed at fostering collaboration between Ukraine’s military, business and startup communities to develop technologies requested by the army. Defence Builder’s four-month program, tailored each time …
Is the focus of internationally-oriented Ukrainian startups switching from the USA to the European Union? This could be an unexpected result of Russia’s war on Ukraine, which started in Feb. 2022. Traditionally, the better part of globally-oriented Eastern European startups moved their headquarters and a substantial portion of their activities to the USA. California was their main …
After two decades of US attraction, Europe is becoming a new haven for Ukrainian startups Read More
Recently Sifted, a major tech news outlet in Europe, met the founders of “some of the continent’s most resilient startups.” These Ukrainians are the heroes of a special podcast that appeared last week on the Sifted website. The program shows how these entrepreneurs, their teams and investors, sometimes “trapped in basements with Russian troops on …
How Ukrainian startups survive “amid bombs, blackouts and evacuations” (podcast) Read More
Ukrainian DeFi startup Kolibrio has announced its first round of funding, having raised $2 million from a consortium of Web3 investors. Jump Crypto led the round, with participation from Delta Fund and Everstake Capital alongside unnamed individual investors. The company is developing a solution to help blockchain transaction originators “get ownership of the order flow they …
Tallinn-headquartered crypto exchange Utorg raised $5 million in a round led by US fund Dragon Fly with participation from Hypra and TA Ventures, two funds with Ukrainian roots. Completed in September but publicly announced only recently, the deal valued the startup at $50 million, Forbes Ukraine heard from an unnamed source. Founded in October 2020, …
On December 13 the French capital played host to the “Bilateral Conference for the resilience and reconstruction of Ukraine.” Touted as an initiative from the French president Emmanuel Macron and his Ukrainian counterpart Volodymyr Zelensky, the conference aimed to “outline [Ukraine’s] needs to ensure its economic resilience during the war and its medium-term reconstruction, as well as to encourage …
Yesterday Immigram, a UK-based but Russian-founded tech immigration platform, opted out from the Slush competition, just a couple of days after winning the first prize. Almost simultaneously, Slush formally revoked the win “in light of new information on the extent of [Immigram’s] operations in Russia.” The attribution of the Slush prize to a Russian-founded startup had shocked a number of …
Slush revokes €1 million prize from Russian founded-startup after international outcry Read More
3×4, a Ukrainian-founded Web3 fundraising platform for non-profits, is launching its first campaign to support Children of Heroes. Teaming up with artists, this charity helps children who lost one or both parents during the war in Ukraine. It claims to have already supported 725 children as of Sept. 15, 2022. 3×4 is now raising funds …
Newly launched Ukrainian startup “leverages the power of NFTs for charities” Read More
Would you like to wear a beautiful made-in-Ukraine silk scarf, enhance your skin with natural cosmetics from a Kyiv-based firm, decorate your home with stain glass produced by Sumy craftsmen? You can order these items, and many more, on ‘Made With Bravery,’ a marketplace promoting thousands of locally-made products with worldwide delivery. “The world gave us three days to last,” …
New marketplace wants “the entire world to fall in love with Ukrainian products” Read More
Is France about to become a harbor for Ukrainian startups in these troubled times? Thus far — in spite of its size and its thriving innovation ecosystem — this country has not been a major point of destination for Ukrainian or other Eastern European tech entrepreneurs seeking international growth or relocation opportunities. These entrepreneurs were more …
