Last week at the IDCEE international tech conference in Kyiv (Kiev) the Global Technology Foundation (GTF) awarded hardware startup Petcube a grant of 240,000 hryvnias (approximately $18,500). The Foundation’s jury believes Petcube is the best Ukrainian startup, due to the fact that it is now well-known in Europe and the US and that it has …
Pro-Ukrainian hackers have reported that they have hacked the Crimean cells of the Donetsk People’s Republic, as the insurgents of Eastern Ukraine call themselves (abbreviated as “DNR” in Russian). This has resulted in an online database of documents and photo-materials from the DNR, representatives of Russian nationalist organizations in Crimea, and representatives of government agencies …
Amid political turmoil, Russian investors have been involved in four of the five largest investment deals on the Ukrainian startup scene since early 2014. This trend was revealed by an analysis provided by Yevgen Sysoyev of AVentures Capital, a Kyiv (Kiev) based international fund. A $3 million deal involving Gillbus, a bus-ticket software developer, took place in June. Investors included …
Russians still actively invest in Ukrainian startups; Western VCs eye the market, too Read More
The first bitcoin embassy in the CIS has opened on Lviv Square in Kyiv (Kiev), reports tech blog AIN.UA The initiator of the project was Kuna, an agency dedicated to the sale of bitcoins. Kyiv is joining three similar bitcoin embassies in the world, located in Montreal, Tel-Aviv, and Warsaw. Within the embassy, there is a …
Bitcoin embassy opens in Kiev as the cryptocurrency could make Crimeans’ life easier Read More
In a new illustration of investor interest in Ukrainian e-commerce, Prom.ua, a major B2B and B2C marketplace owned by Poland’s Allegro Group, has aquired Zakupki-online.com, a platform that helps companies organize sales and purchases online without middlemen. The news was reported last week by the Ukrainian online edition of Forbes magazine, which estimates the transaction …
Allegro Group acquires B2B trading platform Zakupki-online Read More
Fidomobile, a virtual operator of mobile networks, has won a competition held by the Kyiv (Kiev) state administration for selecting an operator for a high-speed WiFi network in the city’s metro. The company plans to invest approximately 100 million hryvnias (approximately $7.7 million) in the project and to provide WiFi coverage throughout the metro, from escalators …
AmazingHiring, a Moscow-based service for finding IT professionals, has attracted $500,000 in a second seed round, with equal contributions brought in by SMRK, a Kyiv (Kiev) based venture fund, and Altair, the seed-stage fund backed by Russo-Austrian serial investor Igor Ryabenkiy. The startup is developing a search engine and browser plug-in for Chrome that recruiters can use …
China’s Xinwei Telecom Enterprise Group has made further inroads into the Ukrainian market with an agreement to invest about $400 million in the telecom and hi-tech projects of telecom operator Datagroup. Datagroup CEO Alexander Danchenko signed a memorandum of cooperation with his counterpart from Xinwei, Wang Jin. A press release announcing the agreement was posted …
China’s Xinwei and Ukraine’s Datagroup strike an investment agreement for $400 million Read More
Economists, reformers, public figures and businessmen are gathering in Kyiv (Kiev) this week to discuss potential models and tools for a much-needed Ukrainian “economic leap.” The First Kyiv International Economic Forum (KIEF) is set to take place on Thursday at the Hilton Kyiv Hotel in partnership with Ukraine Digital News. The organizers and speakers will focus on …
Last week, a new section for books appeared in the Ukrainian version of the Google Play store. Users can go there to purchase or download, for free, electronic publications in 11 categories, ranging from books on computers to fiction. The price of paid copies varies widely, with books for children available for cheaper than a …
Nowadays, implementation of innovations and using high technology can significantly contribute to reaching new goals of Ukraine’s national economic development. Achieving these goals will enable Ukrainians to build a new country with absolutely new formation – the country which can get back its high-quality specialists (especially in IT and R&D sector), develop relevant conditions to …
How tech innovations and partnerships can help Ukraine reach new goals Read More
Last week Zakaz.ua, a major Ukrainan e-commerce site, secured $2.5 million from Chernovetskyi Investment Group (CIG), an investment company backed by businessman and former Kiyv (Kiev) mayor Leonid Chernovetskyi. A groceries delivery company serving the inhabitants of Kyiv (Kiev), Zakaz.ua was launched in 2010 by Yegor Anchishkin – whose first startup, Viewdle, was acquired by …
E-commerce site Zakaz.ua secures $2.5 million from giant investment firm CIG Read More
