Over the past few years, Ukrainian industry associations and key market players supported notable initiatives to make their country’s IT assets visible at global industry events. Two key events, held in the beginning of each year, have concentrated their efforts: the Computer Electronics Show (CES) and the World Economic Forum (WEF). Thus, 10 startups from Ukraine were …
Ukrainian startups shine at Las Vegas CES and Davos WEF Read More
Bloomberg’s latest ranking of “the world’s most innovative countries,” published this Tuesday, puts Ukraine at the 53rd place, between Tunisia and India. The Eastern European country, which was ranked 46th in last year’s ranking, is among the economies which “sank the most,” dropping out of the top 50, the Bloomberg analysts note. Doing better than Ukraine …
Ukraine hits 53rd place in Bloomberg innovation ranking, between Tunisia and India Read More
Tech investment volumes in Eastern Europe and Central Asia were modest last year, if compared with the Chinese, US or Western European markets. However, 2018 was marked by giant corporate deals involving international players while a series of smaller venture transactions illustrated the diversity of the regional startup scene. In this review, which encompasses Russia, …
2018 Eastern Europe and Central Asia Tech Investment Overview Read More
Note: This story has been updated following new elements brought by one of Teleport’s founders Snapchat has hired some of the best developers of Teleport, a startup launched by tech entrepreneurs from Ukraine, Estonia and Russia. The US company is also said to have acquired the processing image technology developed by this company, which claims it …
Snapchat reportedly buys Teleport’s technology, woos its best developers Read More
Ukraine is soon to have 150 new ATMs for both buying and selling cryptocurrencies, with around 30 of the machines in place by the end of August, The Kiyv Post has learned from Mike Chobanyan, head of the Bitcoin agency in Ukraine. The devices will allow both selling and buying hryvnias, the national currency, and a …
Ukrainian entrepreneurs to deploy 150 Bitcoin ATMs to bypass the banking system Read More
Busfor, an online bus ticketing and distribution platform based in Kyiv (Kiev) and Moscow, has just raised $20 million from private equity funds Baring Vostok Capital Partners and Elbrus Capital. Launched in Ukraine in 2010, the company — previously known as Gillbus — had previoulsy received financial support from Intel Capital, InVenture Partners and FinSight in 2014, and from Ukraine’s Chernovetskyi Investment Group (CIG) …
Busfor secures $20 million “to reinvent bus travel” across Europe and beyond Read More
An art filter app launched by a Russian programmer, Alexey Moiseenkov, is leading Apple’s App Store ranking in Ukraine – as well as in Russia, Estonia, Kazakhstan, Latvia, Moldova and Uzbekistan – ahead of Whatsapp, VK, Instagram, Youtube, Skype and other traditional leaders. In a totally unexpected surge, the app has been number one in Ukraine everyday …
Russian mobile photo app Prisma leads App Store ranking in Ukraine Read More
DataProm, a startup which started two years ago in Dnipropetrovsk, Eastern Ukraine with just half a million USD in funding, is now providing its Big Data solution to e-commerce companies far beyond its native market. In this exchange with Ukraine Digital News, DataProm’s founder Anton Vokrug shared his vision of the growing role of Big Data …
How Ukrainian Big Data startup is overtaking US giants in Asia’s hot markets Read More
On March 1 PrivatBank, a leading Ukrainian bank, launched an advanced P2P and P2B lending service, allowing individuals and businesses to borrow money from each other directly. Christened ‘Profitable Investment Service,’ this offer aims, first of all, to “provide small businesses and individuals with an opportunity to borrow money quickly and at low interest rates,” PrivatBank …
Ukrainian bank lets you “lend money to your baker” Read More
Earlier this month Ukrainian-American startup Petcube, which has developed an interactive device to keep people connected with their pets, announced that it raised $2.6 million in its second round of funding. The round was led by Almaz Capital, an international venture fund with Russian origins, with the participation of AVentures Capital, a leading Ukrainian fund, and Y Combinator, …
AliExpress, the B2C subsidiary of Alibaba which last year became the number one online marketplace in Russia, has resumed delivery to Crimea. Just months ago, the Chinese platform had stopped serving the disputed peninsula. It was assumed that Alibaba was complying with western sanctions, which bar companies from working in this peninsula. The news was announced earlier this month …
Depositphotos, an international stock photo platform with Ukrainian roots, announces a $5 million funding round led by the European Bank for Reconstruction and Development (EBRD) with the participation of TMT Investments. With this capital injection, the company aims to “become a leader in emerging markets while continuing to challenge the market leaders in Western countries.” The …
