Earlier this month, the state-backed Ukrainian Startup Fund (USF) announced the winners of the 21th and 22th editions of its Pitch Day. The jury selected 11 startups among 22 applicants. Winners received $25,000 and $50,000 grants totaling $350,000. Eight startups at the pre-seed stage received $25,000 grants: VR Inn., a full-body, free-roam VR content marketplace …
Ukrainian Startup Fund highlights 11 promising startups Read More
On March 30, the Ukrainian parliament passed a bill equating digital ID cards and passports to ordinary ones. The new legislation will come to force in August this year. Launched via the Diia e-government app in April 2020, digital IDs have been used only experimentally so far. Under the new legislation, the digital documents will …
Ukrainian digital ID cards and passports legally equated to ordinary ones Read More
In 2020, the total VC and PE investment volume in Ukrainian or Ukrainian-founded tech companies reached a record high $571 million. This data is provided by AVentures Capital, a major local VC firm, in its authoritative VC report published last month. The volume of seed deals more than doubled year-on-year to $42 million. Meanwhile, the volume of …
Investment in Ukrainian-founded startups reached record high $571 million in 2020 Read More
On April 8, the online fair ‘Your Next Move: Spotlight on the Baltics‘ will highlight the region’s fast-growing tech ecosystem and its opportunities for international talents, including from Ukraine and Russian-speaking countries. This online event aims to position Latvia, in particular, as a first-choice destination to build a professional carrier or do business within a number of …
New remote opportunities in the Baltics for tech talents worldwide (online fair, April 8) Read More
Ukrainian venture firm Genesis Investments will invest $100,000 in startups going through Y Combinator this year with Ukrainian or Belarusian roots. As reported by AIN.UA, Genesis Investment will invest on similar terms as Y Combinator under SAFE (Simple Agreement for Future Equity) agreements. Genesis Investments is a Ukrainian early-stage venture capital fund investing in seed-stage …
Earlier this week Playrix, a global Russian-founded gaming giant, announced the acquisition of Ukrainian game studio Boolat Games. The terms of the deal were not disclosed. Launched 20 years ago, Boolat Games creates multi-platform free-to-play and adventure games. Different genres are available, from casual to hardcore: RPG, time-management, hidden objects, strategy, etc. The studio’s portfolio features dozens of …
Russian gaming giant Playrix acquires Ukrainian Boolat Games Read More
Last week 3DLook, a Ukrainian-founded startup offering AI-enhanced mobile body measuring and fit solutions, announced it closed a $6.5 million round to expand its “US leadership team” and “open new R&D centers in the US and Western Europe.” 3DLook claims to have developed “the fastest and most engaging camera-enabled personalized shopping experiences for consumers and …
3DLook raises $6.5 million to assert itself on Western markets Read More
On May 12-14 EMERGE, a top tech conference covering Eastern Europe and Central Asia, will hold its third edition in an online format and in English language (more information and tickets here). One of the side events, ‘EMERGE CHALLENGE,’ is a pitching competition with a €10,000 prize. Among the investors who will attend are such leading funds as Almaz …
Earlier this week OVO, a Kyiv-based fruit and vegetable delivery service, received $150,000, a non-negligible amount by local standards. The funding was brought by Ukrainian investment firm TA Ventures and private investor club IClub. Launched during the lockdown in the spring of last year, the startup already generates some $110,000 in monthly turnover, according to …
Kyiv delivery service OVO raises $150,000 from local investors Read More
Last week Preply, an international language learning platform founded by three Ukrainian entrepreneurs, announced the completion of an impressive round of financing. No fewer than 13 investors were involved in this $35 million Series B round, led by Sillicon Valley VCs Full In Partners and Owl Ventures. The other investors are Point Nine Capital (Germany), …
Ukraine-founded language tutoring marketplace raises $35 million for “blitzscaling” Read More
Organization.GG, a Ukrainian marketplace that helps streamers interact with their fans through live gaming experiences, has raised $610,000 in pre-seed funding. The news was reported earlier this month by AIN.UA, based on an exchange with the company’s press service. The investor pool comprises WePlay Esports (an esports media holding company with offices in the USA, …
In November 2020 Upswot, an online banking solution provider founded by four Ukrainian entrepreneurs, brilliantly completed a Seed round of funding in the USA. Several institutional investors from this country, together with a plethora of business angels, brought $4.3 million to the startup, just 22 months after its inception. The deal was announced earlier this month by Upswot …
