Ukraine Digital News

Established in 2014, Ukraine Digital News (UADN.NET) is the first English language international information platform dedicated to the Ukrainian digital and IT industries. As a free resource, it provides news, market data, business analysis and updates pertaining to the Internet, e-commerce, IT services, software development, hardware and other innovation in the country as well as to related investment activity and the legal environment. UADN also conducts or participates in research activities that provide local and international audiences with in-depth analysis and quality data on these industries. UADN is published by Belgian company International Digital News.

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‘Hack For Peace” invites developers, entrepreneurs, mentors and investors to create anti-war tech products (Oct. 21-23)

Sigma Software Group, a Swedish-Ukrainian IT company, and Tech Nation, a UK platform providing support services to forward-looking leaders and founders, have teamed up to host‘Hack for Peace.’ This cross-European hackathon aims to support the creation of anti-war tech products. The organizers welcome aspiring newcomers, advanced coders, professional entrepreneurs, mentors, investors, and all others who …

‘Hack For Peace” invites developers, entrepreneurs, mentors and investors to create anti-war tech products (Oct. 21-23) Read More

Stuck in Kyiv, Ukrainian co-founder sees his company Unstoppable Domains become a unicorn in Silicon Valley

Last week Unstoppable Domains, a San Francisco-headquartered company incepted four years ago, announced the completion of a $65 million funding round involving 19 investors and bringing its valuation to more than $1 billion.  The new unicorn specializes in “domains secured by blockchains”with such extensions as .crypto, .nft, .x, .wallet, .blockchain, etc. These domains are “more than …

Stuck in Kyiv, Ukrainian co-founder sees his company Unstoppable Domains become a unicorn in Silicon Valley Read More

DressX creates digital clothes for Meta and operates first-of-its-kind NFT marketplace

DressX, a digital fashion launched in 2020 in California by Ukrainian Natalia Modenova and Daria Shapovalova, provides Meta with clothes for its Avatar Store. The first collection was made available on July 19, report Vogue Business and AIN Capital. “What we do is all about people expressing themselves and connecting, and a huge part of that is what …

DressX creates digital clothes for Meta and operates first-of-its-kind NFT marketplace Read More

The Ukrainian venture scene in July 2022

In spite of the war, Ukrainian tech entrepreneurs and investors continue developing their businesses across the world. Here are notable venture events of July 2022, as reported by Ukraine Digital News and other media: US-based, Ukrainian-cofounded Unstoppable Domains was valued at $1 billion as it completed a $65 million funding round involving 19 investors. The new unicorn specializes in …

The Ukrainian venture scene in July 2022 Read More

Report: Ukrainian IT sector demonstrates resilience and growth despite Russian invasion

Since 2016, industry association Lviv IT Cluster has published an annual report on industry trends in this tech-friendly region of western Ukraine. This year, the research aims to reflect the key evolutions Ukrainian IT industry in wartime nationwide. While more than 5,000 respondents were surveyed in the Lviv, Ivano-Frankivsk, Rivne, Ternopil, Volyn, Chernivtsi and Zakarpattia regions, the …

Report: Ukrainian IT sector demonstrates resilience and growth despite Russian invasion Read More

Ukraine’s tech excellence is playing a vital role in the war against Russia

Russia’s invasion of Ukraine is now in its sixth month with no end in sight to what is already Europe’s largest conflict since WWII. In the months following the outbreak of hostilities on February 24, the courage of the Ukrainian nation has earned admiration around the world. Many international observers are encountering Ukraine for the …

Ukraine’s tech excellence is playing a vital role in the war against Russia Read More

At $6.40 per month, Ukraine has the cheapest Internet in the world

Ukraine has the cheapest fixed-line broadband internet globally at $6.40 per month, according to a TradingPlatforms.com data presentation. Tariffs in Moldova, Russia, Belarus and Kazakhstan are also among the lowest globally.   “Ukraine’s mobile and fixed broadband infrastructure is excellent, allowing internet providers to avail large data amounts at a lower average internet cost. This means that Ukrainians can enjoy …

At $6.40 per month, Ukraine has the cheapest Internet in the world Read More

Ukrainian-founded Preply, “the world’s leading brand in live language classes,” raises $50 million

Preply, a Ukrainian-founded online tutoring platform headquartered in Brookline, Massachusetts, has raised $50 million its Series C. The round was led Owl Ventures, a prominent edtech investor based in Silicon Valley, with participation from Preply’s previous investors Diligent Capital (Ukraine), Hoxton Ventures, Educapital, Evli Growth Partners as well as Grupa Pracuj co-founder Przemyslaw Gacek, alongside new …

Ukrainian-founded Preply, “the world’s leading brand in live language classes,” raises $50 million Read More

An inside look into the EU’s €20 million program in support of Ukrainian startup

In June the European Commission launched a tender for a €20 million action in support of the Ukrainian innovation community. In the framework of the 2022 European Innovation Council (EIC) work program, the action will aim to support at least 200 Ukrainian tech start-ups with up to €60,000 each, in addition to various forms of non-financial support. …

An inside look into the EU’s €20 million program in support of Ukrainian startup Read More

Pro-Russian authority in Kherson cuts access to Instagram and YouTube

The authority installed by occupying Russian troops in Ukraine’s southern region of Kherson announced yesterday that access to Instagram and YouTube was now blocked locally.  Officials acknowledge, however, that the American social networks are still available through VPNs, reports Meduza. In the Kherson and Zaporozhye regions, Russians were reported to have disabled mobile Internet service by Ukrainian …

Pro-Russian authority in Kherson cuts access to Instagram and YouTube Read More

Ukrainian-founded startup Adwisely backed by diverse pool of investors in Silicon Valley

Adwisely, a startup founded in Ukraine in 2018 — previously known as Retarget App — is making its way in Silicon Valley. Six months after moving its headquarters there, with a team of Ukrainian pros distributed across the world, the company has just announced the completion of a $1.5 million round of funding. London-based TMT …

Ukrainian-founded startup Adwisely backed by diverse pool of investors in Silicon Valley Read More

Ukrainian IT service export slowed down but still grew in three first months of war

Central bank statistics published last month have confirmed the relative resilience of the Ukrainian IT services sector in wartime. The contribution of the country’s IT companies to National Bank’s foreign currency incomes reached $3.18 billion for the first five months of this year — including March, April and May, when Ukraine was already struggling against de Russian …

Ukrainian IT service export slowed down but still grew in three first months of war Read More

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