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.

avatar

Ukrainian-founded startup raises $3 million to “revolutionize” online image editing

Let’s Enhance, an image processing startup born in Ukraine but headquartered in San Francisco, has just secured $3 million from three VC firms and two business angels. The investor pool included San Francisco-based Chamaeleon, which led the round; Hype Ventures, founded by Swedish-Finnish serial entrepreneur Mathias Eklöf; and Acrobator VC, co-founded by Kiev-based Dutch businessman Bas …

Ukrainian-founded startup raises $3 million to “revolutionize” online image editing Read More

VistaPrint acquires Ukrainian Depositphotos for $85 million

Ukrainian creative content provider Depositphotos announced today its acquisition by VistaPrint, a global leader in custom-printed products for SMEs. This is a full acquisition, paid in cash at a value of $85 million, the Depositphotos press service told Ukraine Digital News. VistaPrint is buying the Depositphotos group with its various entities, including Depositphotos, Lightfield, Bird In Flight and WAS, as …

VistaPrint acquires Ukrainian Depositphotos for $85 million Read More

Ukrainian-founded threat detection marketplace raises $11 million in the US

Last week SOC Prime, a Ukrainian-founded cybersecurity firm based in Boston, announced the completion of a $11 million Series A round. The deal involved three US-based funds:  DNX Ventures — which led the round, — Streamlined Ventures and Rembrandt Venture Partners. SOC Prime touts itself as “the only threat detection marketplace where researchers monetize their content to help security …

Ukrainian-founded threat detection marketplace raises $11 million in the US Read More

Ten years after start in Ukraine, GitLab lands on Nasdaq at $11 billion valuation

GitLab, a San Francisco-based software startup founded by Ukrainian entrepreneur Dmitry Zaporozhets and Dutch-born Sid Sijbrandij, made its debut today on the Nasdaq at a valuation of $11 billion. Priced at $77 late Wednesday, the ‘GTLB’ stock opened this Thursday at $94.25, pushing GitLab’s market cap to $13.5 billion, reports CNBC. This is about 58 …

Ten years after start in Ukraine, GitLab lands on Nasdaq at $11 billion valuation Read More

Russian and Ukrainian roots, US exit: Jelastic acquired by Virtuozzo

Last week Jelastic, a multi-cloud Platform-as-a-Service (PaaS) company established in Silicon Valley with Russian and Ukrainian roots, announced its acquisition by Seattle-based Virtuozzo. The terms of the deal were not disclosed.  Jelastic’s cloud services combine platform and container capacities in a single package for hosting providers, enterprises and developers. Virtuozzo is a leader in virtualization and hyperconverged software: its …

Russian and Ukrainian roots, US exit: Jelastic acquired by Virtuozzo Read More

EU and EBRD help Ukrainian innovators combat climate change

Earlier this month six Ukraine-based companies received ‘climate innovation vouchers’ (CIVs). Offered by the EU and the European Bank for Reconstruction and Development (EBRD), these vouchers are intended to cover 75% of eligible costs (up to €50,000) related to developing high tech solutions addressing climate change. The beneficiaries were:  The Good Plastic Company, which offers recycled …

EU and EBRD help Ukrainian innovators combat climate change Read More

Ukrainian CIG group acquires stake in Israeli next-gen battery maker

Earlier this month, Ukrainian Chernovetskyi Investment Group (CIG) announced the acquisition of a stake in Israeli startup StoreDot. Neither the size of the stake nor the amount of the transaction were disclosed. StoreDot develops materials to produce new generation batteries, intended to change the electric car market shortly. As noted by CIG, StoreDot has created …

Ukrainian CIG group acquires stake in Israeli next-gen battery maker Read More

Ukrainian-founded Revenue Grid raises $20 million “to revolutionize revenue intelligence”

Revenue Grid, a Ukrainian-founded sales automation startup now headquartered in California, has secured $20 million in equity funding. Valuing the company at $70 million, according to Forbes Ukraine, this Series A round was led by US VC firm W3 Capital and Ukrainian ICU Ventures. The previous round ($1.5 million) took place back in 2006. Previously known as InvisibleCRM, Revenue Grid …

Ukrainian-founded Revenue Grid raises $20 million “to revolutionize revenue intelligence” Read More

Security service busts Russia-backed bot farm attacking Crimea Platform

Ukraine’s Security Service (SBU) detained four Kyiv residents suspected of operating a bot farm to spread disinformation about the Crimea Platform summit on social media. The suspects used 15,000 fake online accounts, the so-called bots, to write disparaging content about the results of thesummit, posing as ordinary users of Facebook, Instagram and TikTok, SBU said on Aug. 28. …

Security service busts Russia-backed bot farm attacking Crimea Platform Read More

A new Ukrainian-founded unicorn: People.ai raises $100 million at $1.1 billion valuation

Earlier this week People.ai, a San Francisco-based startup with Ukrainian roots, announced a $100 million Series D funding round — reaching a $1.1 billion post-money valuation. The round was co-led by Akkadian Ventures and Mubadala Capital, the Emirati sovereign wealth fund, with participation from existing investors including ICONIQ Capital and Lightspeed Venture Partners.  “On rare occasions, we come across a company that will forever change how …

A new Ukrainian-founded unicorn: People.ai raises $100 million at $1.1 billion valuation Read More

Eastern Europe quarterly review : Entrepreneurs attracted funding abroad while domestic venture activity remained modest

Crunchbase and Ukraine Digital News are teaming up to cover key tech and venture trends from Eastern Europe with a column by EWDN Chief Editor Adrien Henni highlights the most notable industry facts and trends across the region. The second quarter of this year was marked, in particular, by the emergence of new funds targeting …

Eastern Europe quarterly review : Entrepreneurs attracted funding abroad while domestic venture activity remained modest Read More

Ukrainian VC Genesis backs Estonian edtech startup 99math in $1 million funding round

Ukrainian venture firm Genesis Investments  has led a $1 million round of investment in Estonian edtech gaming startup 99math. The other participants in the round are Estonian VC fund Change Ventures as well as five angel investors from leaders at companies including Bolt, Transferwise, and Pipedrive. Neither the individual contributions of deal participants nor the terms of the …

Ukrainian VC Genesis backs Estonian edtech startup 99math in $1 million funding round Read More

Scroll to Top
Everything you ever wanted to know about Ukraine's digital industries
Conveniently delivered to your mailbox, every week
  • Latest industry news
  • Information on startups in Ukraine
  • Market data and reports
  • Interviews with key players
  • Upcoming events
  • Recommended services
* we never share your details with third parties.