Finance

New angel fund aims to “invest in Ukrainian founders with a global mindset”

The UCU Foundation of the Ukrainian Catholic University has established an angel venture fund called Angel One Fund. It will “invest in Ukrainian founders with a global mindset,” says Angel One Fund’s website, covering such fields as edtech, fintech, SaaS and AI/ML The average ticket size will range from $50,000 to $200,000 per startup at the …

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Ukrainian Roosh invests in US and UK AI companies

Last week Roosh, a Kyiv-headquartered company that develops international AI technologies, announced an investment in Neurons Lab.  This UK company provides research, development and consulting services for SMBs to create solutions in the field of artificial intelligence — typically in health tech, energy tech and other segments. Neurons Lab claims to develop up to ten projects per …

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Where’s funding going in former Soviet states? Not Russia

When the Soviet Union splintered into separate nations in the early 1990s, it contained exactly zero hubs for venture-backed tech startups. Three decades later, of course, the picture is quite different. Metro areas in multiple former Soviet countries now have a rich concentration of tech founders. Capital has followed. But as one might expect, geopolitics …

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International financial institutions back new fund to support Ukrainian tech and export-oriented SMEs

A bevy of international financial institutions have agreed to back Horizon Capital Growth Fund IV (HCGF IV), a fund aiming to support tech and export-oriented small and medium-sized enterprises in Ukraine and Moldova. The focus industries include the IT sector, e-commerce, innovative consumer goods and financial technologies. These institutions included the EBRD (which has committed “up …

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US venture firm launches new fund with exclusive Ukrainian focus

Earlier this month ffVC, an international VC firm comprised of several funds in the US and Europe, announced the launch of a new fund exclusively dedicated to Ukrainian founders and startups. Christened ‘ff Blue & Yellow Heritage Fund,’ this fund will “invest in startups led by Ukrainian founders, startups relocated from Ukraine and startups that employ Ukrainian refugees.” …

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

Ukraine’s tech scene finds creative ways to do business amid a full-scale war

When the Russian invasion of Ukraine began in February, Ukrainian venture capitalist Nathan Kay’s priorities shifted overnight. Kay, who’s CEO of crypto-focused VC firm Mempool Ventures, had new problems — instead of growth for his company and his employees, the immediate-term became all about survival. “Each and every member of our team will never be …

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While Ukrainian startups demonstrate their resilience, VCs keep investing in Central and Eastern Europe

“Despite the ongoing conflict in the region, international VCs are more interested than ever in CEE startups,” notes Sifted, an online publication covering the European startup scene. The war has not stopped the surge of investment that the region has seen for the past two years. On the contrary: “while experts have predicted that the …

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Stuck in Kyiv, Ukrainian co-founder sees his company Unstoppable Domains become a unicorn in Silicon Valley

Last week Unstoppable Domains, a San Francisco-headquartered company incepted four years ago, announced the completion of a $65 million funding round involving 19 investors and bringing its valuation to more than $1 billion.  The new unicorn specializes in “domains secured by blockchains”with such extensions as .crypto, .nft, .x, .wallet, .blockchain, etc. These domains are “more than …

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The Ukrainian venture scene in July 2022

In spite of the war, Ukrainian tech entrepreneurs and investors continue developing their businesses across the world. Here are notable venture events of July 2022, as reported by Ukraine Digital News and other media: US-based, Ukrainian-cofounded Unstoppable Domains was valued at $1 billion as it completed a $65 million funding round involving 19 investors. The new unicorn specializes in …

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Belarus-founded startup Peech attracts $550,000 from Ukrainian Flyer One Ventures

In his native Belarus, 30-year-old tech entrepreneur Andrey Poznyak was once a political prisoner. He spent six months behind bars for protesting Belarusian dictator Alexander Lukashenko’s brutal crackdown on civil society following fraudulent elections in 2020.  Poznyak later made his way to Ukraine, along with thousands of fellow techies, and in the fall of 2021 …

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Ukrainian-founded Preply, “the world’s leading brand in live language classes,” raises $50 million

Preply, a Ukrainian-founded online tutoring platform headquartered in Brookline, Massachusetts, has raised $50 million its Series C. The round was led Owl Ventures, a prominent edtech investor based in Silicon Valley, with participation from Preply’s previous investors Diligent Capital (Ukraine), Hoxton Ventures, Educapital, Evli Growth Partners as well as Grupa Pracuj co-founder Przemyslaw Gacek, alongside new …

Ukrainian-founded Preply, “the world’s leading brand in live language classes,” raises $50 million Read More

Ukrainian-founded startup Adwisely backed by diverse pool of investors in Silicon Valley

Adwisely, a startup founded in Ukraine in 2018 — previously known as Retarget App — is making its way in Silicon Valley. Six months after moving its headquarters there, with a team of Ukrainian pros distributed across the world, the company has just announced the completion of a $1.5 million round of funding. London-based TMT …

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