Bas Godska, an international e-marketing veteran and one of the most prolific business angels in Eastern Europe, announces the launch of Acrobator Ventures. This startup fund plans to invest up to €20 million in the coming three years “from pre-seed stage to later stages.” Its sweet spots will be SaaS, Big Data/ML/AI and HR tech, …
Crunchbase and East-West Digital News, the publisher of UADN.NET, are teaming up to cover key tech and venture trends from Eastern Europe and Central Asia. Thus, since January 2019, EWDN chief editor Adrien Henni has offered a monthly column to highlight the most notable industry facts and trends as well as promising tech innovations from the region, including Ukraine. …
Crunchbase-EWDN tech investment review: February 2019 in Eastern Europe and Central Asia Read More
Five year after Russia took control of the peninsula, the sovereignty dispute between Russia and Ukraine over Crimea is still sensitive for online service providers. Thus, in an effort to comply with local laws regarding the depiction of international borders, Google has just “corrected an error that caused a small number of Russian iOS users” to …
In December last year Vostok New Ventures (VNV), a major Swedish investment firm operating internationally, invested $4.5 million in online bus ticketing platform Busfor, in addition to the $4 million it had injected in the company in mid-2018. The latest transaction was revealed Wednesday by business daily Kommersant, based on VNV’s latest financial report and exchanges with Busfor’s founder …
Swedish investor VNV injected $8.5 million in Busfor in 2018 Read More
CrunchBase has teamed up with East-West Digital News, the publisher of Ukraine Digital News, to cover key tech and venture trends from Russia, Ukraine, Belarus and Kazakhstan. Starting from now, EWDN chief editor Adrien Henni publishes a monthly column in this famous industry resource, highlighting the most notable deals as well as promising tech innovations from …
CrunchBase and EWDN team up to cover tech and venture trends in Eastern Europe Read More
Da Vinci Capital, a major EBRD-backed private equity firm based in Moscow, has invested an undisclosed amount in DataArt in exchange for “a substantial, non-controlling interest” in the company. Founded in 1997, DataArt is a New York City-headquartered company with roots and R&D teams in Ukraine and Russia. It has become a major global tech consultancy …
Da Vinci Capital invests in DataArt, a global tech consultancy with R&D teams in Ukraine Read More
Swedish investment firm Vostok New Ventures (VNV) invested $4 million in Busfor, an online bus ticketing platform with Ukrainian roots operating across Eastern Europe. The transaction, which has been disclosed in the firm’s most recent financial report, took place at the end of the second quarter of this year. Busfor — previously known as Gillbus — aims …
Startups from Ukraine, or founded by Ukrainian entrepreneurs, raised $265 million in 2017, according to the latest edition of “The Dealbook of Ukraine.” This annual report is published by AVentures Capital, a Kyiv-based venture fund, in partnership with local industry associations UVCA and UAngel as well as Ukraine Digital News. In spite of a threefold …
Report: Ukrainian startups attract growing amounts from local and global VCs Read More
Eastern-European engineers seem to have some special skills, or secret sauce, to develop face recognition and related AR technologies, if judging by the number of startups with roots in this region that have made the news over the past few years. Emerging from Russia, Belarus and Ukraine in particular, they have topped international contests, received …
Why startups from Eastern Europe are so strong in face recognition and augmented reality Read More
Two weeks after the Ukrainian authorities banned leading Russian Internet sites as part of sanctions affecting 468 Russian legal entities, Yandex announced that the Ukrainian Security Service (SBU) conducted searches at the company’s offices in Kiev and Odessa. Yandex.Ukraine management and employees are accused of having gathered personal data of Ukrainian users and transmitted them to Russian …
Yandex’s Ukrainian offices searched by security service Read More
Earlier this week Luxoft, a NYSE-listed provider of software development services and innovative solutions and a part of Russia’s IBS Group, announced the acquisition of IntroPro. The details of the transaction have not been disclosed. Established in 2008, IntroPro is an engineering consultancy that employs development teams in Ukraine to serve essentially clients in North America. Its expertise covers consulting, architectural design, development as well as quality assurance services for …
Luxoft acquires Ukrainian software development company IntroPro Read More
In late October Yandex, the Russian search giant, launched taxi booking service Yandex.Taxi in Ukraine. The service – which operates exclusively in partnership with taxi companies – is available exclusively in Kiev (Kyiv), but Yandex plans to expand it beyond the Ukrainian capital. “Our next targets are Odessa, Kharkiv (Kharkov) and Dnipro [previously known as Dnipropetrovsk],” said Elina …
