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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After two decades of US attraction, Europe is becoming a new haven for Ukrainian startups

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 …

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Ukrainian Jooble pursues expansion through investment in recruiter marketplace

Jooble, a global jobs portal founded and based in Kyiv, is pursuing its expansion with an investment in Teraz Work, a service that helps employers outsource their recruitment processes.  While the amount and the terms of the deal were not disclosed, Teraz Work told Ukrainian tech blog AIN that the investment will fuel their plan to expand to …

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Ukrainian Hypra backs IT service company Trinetix to support global expansion plans

Hypra Fund, an investment firm operating from Lisbon with a Ukrainian team, has backed IT service company Trinetix with a $10 million injection — a considerable amount by Ukrainian industry standards Registered in Nashville, Tennessee, with a team of 850 employees split between Ukraine and the USA, Trinetix is a provider of  technology design, development …

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New EBRD-backed acceleration program aims to help Ukrainian scale-ups “break the ceiling glass”

Startup Wise Guys, a leading European accelerator based in Estonia, is launching an acceleration initiative dedicated to Ukrainian scale-ups. Dubbed ‘Growth Ukraine,’ this four-month online program will provide 12 yet-to-be-selected companies with “unparalleled mentorship, tailored guidance, and fundraising support.” The free program runs in cooperation with the EBRD with its affiliate, the Taiwan Business-EBRD Technical Cooperation Fund, …

New EBRD-backed acceleration program aims to help Ukrainian scale-ups “break the ceiling glass” Read More

Two Ukrainian software developers make acquisitions in the EU

Illustrating the resilience of the IT sector amid the war, September saw two Ukrainian software development companies invest in Europe. The fist one is Beleven, a Lviv-based developer of digital and mobile solutions, which announced the acquisition of Swedish Agena Tech for an undisclosed amount.  Founded in 2020 and active across across the Nordic region, …

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Report: Half of Ukrainian funds stopped investing in the country amid the war

Out of 28 Ukrainian funds locally active before the war, only half (14) have continued investing domestically since February 2022, says a study published earlier this month by local tech news outlet AIN.   These funds are Angel One Fund, Burner, Flyer One Ventures, Geek Ventures, hi5 Ventures, Horizon Capital, Hypra, NetSolid Investments, N1 Investment Fund, …

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How Ukraine’s IT sector could benefit from the country’s EU membership 

EUKRAINA, a EU-sponsored campaign to support Ukraine’s EU integration, has analyzed the benefits that the Ukrainian IT sector may expect from its EU membership. Ukraine signed, in 2014, an Association Agreement with the EU, and received the status of candidate for EU membership in 2022.   “This process should create a powerful synergy effect for both sides in the field of information technology …

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EBRD and Greencubator launch new edition of green grant program for Ukrainian SMBs

In spite of the war, the EBRD has launched a new edition of its Climate Innovation Vouchers program in Ukraine. Operated by Greencubator, a Ukrainian non-profit for sustainable entrepreneurship, this €1.5 million program has provided grants of up to €50,000 to more than 35 startups so far.  The program targets innovative SMBs develop or implement technologies that reduce greenhouse gas …

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Ukrainian DeFi startup secures $3.5 million from international investors

In spite of the recent market downturn, investors have not lost their faith in the future of decentralized finance (DeFi). Illustrating this, Stroom, a Kyiv-based startup developing a liquid staking protocol, has just raised $3.5 million from international investors.  Stroom’s protocol bridges the Bitcoin Lightning Network (LN) with Ethereum Virtual Machine (EVM)-compatible blockchains. According to the …

Ukrainian DeFi startup secures $3.5 million from international investors Read More

US market leader acquires Ukrainian-founded HR performance software startup

Earlier this month Peoplelogic, a leading US platform for “organizational success in the future of work,” announced the acquisition of Plai, a Ukrainian-founded startup headquartered in Los Angeles. Neither the amount nor other details of the transaction were disclosed. Founded in 2019 by Ukrainian entrepreneurs Andrii Bas, Sasha Chepurnoi and Oleh Kryvytskyi, Plai has developed a people …

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Ukrainian AI startup gets $500,000 from Andreessen Horowitz to “Accelerate Games x Tech”

A Kyiv-based startup called Zibra AI is among the 32 participants — out of 1,600 applicants — in the first batch of Speedrun. Launched recently by Andreessen Horowitz (a16z), this accelerator aims to stimulate entrepreneur-led innovation in the gaming industry, which is often dominated by large companies. The Silicon Valley venture firm has committed up …

Ukrainian AI startup gets $500,000 from Andreessen Horowitz to “Accelerate Games x Tech” Read More

Mykhailo Fedorov: Ukraine can inspire governments worldwide as they will eventually go digital

In a blog post published by Atlantic Council, Ukraine’s Digital Transformation minister analyzes the progress of digitalization in his country amid the war and its significance. In spite of the horrors of the invasion, “Ukrainians continue to open new businesses, get married, pay taxes, and apply for financial assistance from the state.” To a large …

Mykhailo Fedorov: Ukraine can inspire governments worldwide as they will eventually go digital Read More

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