Data & reports

Ukrainian IT service export slowed down but still grew in three first months of war

Central bank statistics published last month have confirmed the relative resilience of the Ukrainian IT services sector in wartime. The contribution of the country’s IT companies to National Bank’s foreign currency incomes reached $3.18 billion for the first five months of this year — including March, April and May, when Ukraine was already struggling against de Russian …

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Report: How Ukraine’s tech companies adapt to war time after breaking records in funding in 2021

AVentures Capital, one of Ukraine’s top venture firms, has just released a new edition of its Dealbook of Ukraine. Each year, this publication offers an overview of the deals and trends involving Ukrainian and Ukrainian-founded tech companies. A “record high VC and PE volume” is reported for 2021, with more than $830 million invested in …

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Russian is the social-media language of choice for Ukrainians

Data collected on Instagram shows that 50% of Ukrainian users post in Russian, 46% in Ukrainian, and 4% in English, according to researcher Sven Etienne Peterson. This is despite the fact that only 30% of Ukrainians reported Russian to be their native language, with a higher percentage in eastern and southern districts. Meanwhile, 67% reported Ukrainian as their …

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New ‘Investors’ Book’ highlights 3,000 companies of Ukrainian tech ecosystem

The Ukrainian Venture Capital and Private Equity Association (UVCA) announces today the publication of its ‘Investors’ Book 2021.’ The book reflects the contributions of more than 150 market players to map and navigate the country’s tech ecosystem. Some 90 investors from 14 countries and more than 3,000 portfolio companies are mentioned. This publication also received the …

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Report: Ukraine and Eastern Europe plagued by crypto scams

Earlier this week Chainalyis published the key findings of their 2021 Geography of Cryptocurrency report. According to this research, Eastern Europe is severely affected by illicit cryptocurrency-related activity. In relative terms, the region is second after Africa in terms of exposure — but its overall crypto economy is much larger than that of Africa.  Ukraine accounted for “most of …

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Report: Cost is no longer the only trademark of CEE IT service industry

Cost is no longer the only trademark of the CEE region, shows a whitepaper just released by Daxx, a software development and technology consulting service provider with development centers in Ukraine. The time for mere business processes outsourcing to countries like Ukraine just for the sake lowering costs is gone for good. As Central and …

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Swedish-Ukrainian IT company shows the way to “sustainable software development”

Beetroot, a Swedish IT service company that builds teams of tech experts in Ukraine, has just released a report on the “critical role” of sustainability in its operations — offering an example of how an IT company may put sustainable development principles into practice. The report identifies some of the ways the company has contributed …

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The Current Wave: New breed of Ukrainian tech entrepreneurs seek success in global markets, Part 5

Report: Ukraine ranks 34th among world’s best countries for startups

Foreign businesses and investors call Ukraine an inspiring country: Despite years of economic difficulties, it still manages “to create technology that is both scalable and global,” reads StartupBlink’s just released annual report on startup ecosystems. According to the report, Ukraine ranked 34th in the list of 100 startup-friendly countries — it lost five points compared …

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Yuliya Sychikova of AVentures Capital: “Almost all Ukrainian venture deals are made with entities registered in other jurisdictions”

The US-Ukraine Foundation (USUF) offers a new episode of its On the Digital Frontier webcast series, with Mike Buryk discussing with AVentures Capital Director Yuliya Sychikova and UADN Chief Editor Adrien Henni the country’s current venture trends. The discussion stems from the key findings of ‘The Dealbook of Ukraine 2021,’ an industry report released in …

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At 1.8% of net salary, Ukraine ranks 16th in Europe for broadband Internet expense

AddictiveTips.com, an online resource on apps, phone and the web, has calculated the cost of broadband Internet relative to users’ income across 37 European countries. Price data came from Cable.co.uk and salary data from Numbeo.  Ukraine ranks 16th as the average broadband expense in this country (€64.66 per year) accounts for 1.8% of Ukrainians’ net salary (€3.580 per year).  Albania features the highest …

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Investment in Ukrainian-founded startups reached record high $571 million in 2020

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

Report: Ukraine’s IT export exceeded $5 billion in 2020

Last month the Ukrainian online tech resource TechUkraine has released its annual report on the country’s tech sectors.  “While 2020 has been a year of groundbreaking changes, the Ukrainian tech sector has demonstrated its proactivity, flexibility, continued job creation, great kicks off, and investment deals,” believe the authors of the report.  These achievements came as the country …

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