Finance - Ukraine Digital News

Ukrainian-born serial entrepreneur Max Polyakov sells performance marketing company to US adtech major

March 9, 2023 March 16, 2023

Earlier this week Digital Media Solutions, a major US provider of high-tech digital advertising solutions, announced the acquisition of the ClickDealer’s media and technology assets, including the HomeQuote marketplace. ClickDealer was founded back in 2012 by three Ukrainian entrepreneurs: Max Polyakov, Tetiana Serediuk, and Dmytro Atamaniuk. Initially an affiliate network covering several niche verticals, the company …

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

From Kyiv, to Warsaw, to London, Ukrainian startups continue growing and raising funds

February 28, 2023 February 28, 2023

In yet another sign of resilience amid the war, at least five funding deals involving Ukrainian or Ukrainian-founded startups were reported in the course of February. Finmap landed €1 million in a round led by Polish-American venture fund Smok Ventures, a Warsaw, Poland-based fund. Launched in 2018 by Ukrainian entrepreneurs Ivan Kaunov and Oleksandr Solovei, Finmap is …

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French and US businessmen announce €50 million new fund for Ukrainian startups

January 24, 2023 February 1, 2023

A team of French and US industry veterans is in the process of raising €50 million to support Ukrainian startups. Dubbed ‘Ukrainian Phoenix Fund,’ the new venture fund plans to invest in around 150 startups at the pre-seed and seed stages, said co-founder Dominique Piotet in an exchange with Ukraine Digital News. Funding in its …

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A year in review: How Ukrainian tech resisted the war in 2022

January 4, 2023 January 5, 2023

Amid the destructions caused by the war, the Ukrainian tech industry demonstrated remarkable resilience. Most IT companies and startups managed to survive by moving their staff to a safer location inside the country or, more rarely, abroad. Many initiatives emerged to offer them assistance in both humanitarian and business terms. Meanwhile, on the digital front, …

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A crypto exchange with Ukrainian and Russian co-founders raises $5 million from US and Ukrainian funds

December 23, 2022 March 6, 2023

Tallinn-headquartered crypto exchange Utorg raised $5 million in a round led by US fund Dragon Fly with participation from Hypra and TA Ventures, two funds with Ukrainian roots. Completed in September but publicly announced only recently, the deal valued the startup at $50 million, Forbes Ukraine heard from an unnamed source. Founded in October 2020, …

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Ukrainian green tech startup wins €2.5 million grant to “revolutionize the paper industry”

December 22, 2022 February 27, 2023

Releaf Paper, a Ukrainian startup that transforms fallen leaves into paper products, will receive €2.5 million in grant money from EU Commission-backed EIC Accelerator. The startup “beat out more than 6,500 competing companies,” said its co-founder Valentyn Frechka, a 21-year old biotechnologist, in an exchange with Tech.eu. Not only does Releaf Paper avoid cutting trees to produce …

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Report: VC investment in CEE has doubled since 2020; Ukrainian startups show “incredible resilience”

November 24, 2022 November 29, 2022

Earlier this month Dealroom released the third edition of its annual report on Central and Eastern European (CEE) startups. Its main findings are as follows: CEE has shown resilience through uncertain market conditions — Combined venture capital investment in CEE has doubled since 2020. The region is on track to break its yearly venture capital investment record and raise €6.2 billion. CEE …

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The war changed this Ukrainian fund’s investment plans — but its team has come back to work

November 21, 2022 December 2, 2022

Ukrainian tech blog AIN met Nikita Izmaylov, founder of Ukrainian investment fund N1, which targets on fintech and crypto startups at the early stage. Izmaylov shared insights about his fund, the portfolio companies, and the challenges they have faced since the war broke out in February. N1’s plans to invest some $5 million in four or …

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Ukrainian, Eastern European and Israeli entrepreneurs pour €30 million into Western European venture fund

November 21, 2022 November 20, 2022

GR Capital, an international VC firm with offices in Berlin and Kyiv, has completed its first closing (€30 million) of its second early-growth fund, reports AIN.Capital. The money was attracted from Ukrainian and Eastern European entrepreneurs, said GR Capital Managing Partner Max Filippov, in an exchange with the Ukrainian tech news site. “About 60% of the …

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Russian-founded tech migration platform wins €1 million at Slush, spurring controversy over solidarity with Ukraine

November 19, 2022 November 22, 2022

Immigram, a UK-based tech immigration platform, has won the first prize at Slush, Helsinki’s yearly top tech event. The Russian-founded startup will receive €1 million in investment coming from top global investors including Accel, General Catalyst, Lightspeed, NEA and Northzone. According to CrunchBase data, Immigram had raised half a million just six months ago, earning trust …

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Ukrainian-founded Web3 startups raised $1 billion in four years

November 16, 2022 November 20, 2022

While Ukraine ranks third worldwide in the 2022 Global Crypto Adoption Index, Web3 startups with roots in this country raised nearly $1 billion in investments over the past four years. This and other interesting facts and numbers are contained in a report just published by Hypra, a Lisbon-based Web3 fund with a Ukrainian team. According to this …

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Major Swiss company acquires Ukrainian-founded proptech startup

November 16, 2022 November 21, 2022

Earlier this month Ringier, an established Swiss media and technology company, announced the full acquisition of Homsters, a leading SaaS-provider for new property developments. The two companies had developed a “successful strategic partnership since 2019 providing state-of-the-art technology to Ringier’s leading property portals in Switzerland and Poland,” says Ringier. Founded in Kyiv in 2015 by Ukrainian …

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