Finance

London-based new fund plans to invest £15 million in Ukrainian and CEE startup talent

A new fund, ‘1991 Ventures,’ has been launched in London to support Ukrainian startup entrepreneurs, both within and beyond their war-affected nation, along with other Central and Eastern European (CEE) startup talents.   The name ‘1991’ pays homage to the year of Ukraine’s independence amid the dismantlement of the Soviet Union.  With an initial endowment of …

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Ukrainian-founded startup in Italy aims to revolutionalize satellite servicing technology

Kurs Orbital, a Turin-based startup founded by Ukrainian space industry veterans, has closed a €3.7 million seed funding round to accelerate the commercialization of its satellite servicing technology.  The round was led by OTB Ventures, a prominent European DeepTech investor with a focus on Central and Eastern Europe. Other participants in the round include Czech Credo Ventures, Italian …

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Horizon Capital closes $350 million fund with massive international support

Yesterday Horizon Capital, a Kyiv-based, US registered private equity manager investing in Ukraine and Moldova, announced the final closing of its fourth fund. Christened Horizon Capital Growth Fund IV (HCGF IV), the new fund has received $350 million in commitments — well above the initial $250 million target and  the interim closing at $254 million in …

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Google annouces additional $10 million grant allocation to support Ukrainian startups

On February 17, Google announced the start of the second phase of financing of its support fund for startups in Ukraine, launched in March 2022. The US giant’s $10 million allocation will materialize in the form of up to $200,000 grants, in addition to “mentoring support, product support, and $300,000 in Google Cloud credits.” “This …

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How the EU’s €50 billion financial assistance package could support technology investment in Ukraine

On Feb. 1, the European Union’s leaders agreed on €50 billion of “regular and predictable” financial support to Ukraine between 2024 and 2027.  This “Ukraine Facility” will materialize in “up to €50 billion in grants and highly concessional loans” made available by the European Commission. While intended primarily for Ukraine to “keep its administration running, …

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Ukrainian-founded pricing optimization startup secures $3 million in the US, announces partnership with major consultancy

Founded in 2017 by Ukrainian entrepreneurs Alex Galkin, Andriy Mykhailov and Alex Sazonov, Computera aims to “automate pricing and make it more effective.” To help retailers “set optimal prices and increase customer trust,” the startup has “trained a neural network on proprietary and industry data.” It has thus developed algorithms that “continuously calculate and re-quantify billions …

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Ukrainian entrepreneurs and investor want to disrupt UK’s car finance industry

Last week a Ukrainian co-founded, UK-based fintech announced the completion of its £15.5 million Series A round. A bevy of top venture funds were involved, including Jaguar Land Rover’s investment arm InMotion Ventures, US-based fintech specialists QED Investors, Athens-based VentureFriends and Kyiv-based u.ventures. Co-founded in 2021 by Ukrainian and UK entrepreneurs (Igor Gordiichuk, Amy McKechnie, Aidan Rushby …

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EU-backed “Seeds of Bravery” startup support program starts with €10,000 business consulting grants

The long-awaited, EU-backed €20 million program to help Ukrainian startups integrate into the European tech ecosystem is being materialized at last. On December 20, “Seeds of Bravery” (UASEEDs) launched an open call for Ukrainian innovative tech companies to receive grants of up to €10,000.  These grants are aimed to cover business consulting costs in the fields of business …

EU-backed “Seeds of Bravery” startup support program starts with €10,000 business consulting grants Read More

A Polish IT giant’s acquisition spree in Ukraine: Three companies absorbed this year, more to come in 2024

Euvic Group, a major Polish IT group, acquired three Ukrainian IT companies this year.  The first deal was announced in April as Euvic absorbed Exoft, an award-winning Lviv-based software development provider. While the terms of the deal were not disclosed, a market insider estimated that the amount could be under $1 million. Announced earlier this month, the …

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US-based, Ukrainian-founded AI startup raises $3 million three months after launch

AiSDR, a US startup founded by two Ukrainian entrepreneurs in August 2023, has just raised $3 million to develop its AI-powered sales support solution.  “Just like a human SDR, AiSDR will reach out to your prospects on your behalf and engage them in personalized conversations with the goal of booking a meeting for you,” claims …

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“Book of Ukrainian Tech” navigates industry’s highs and lows since 2022

The Ukrainian tech news outlet AIN, the N1 investment fund and the online intelligence agency Molfar have just released an in-depth review of the Ukrainian tech industry in 2022 and H1 2023. Accessible online at no charge, the “Book of Ukrainian Tech” covers a variety of topics, from the service industry to startup investment to game …

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Horizon Capital supports GoIT to “redefine computer science education and digital learning”

Horizon Capital, an international PE/VC investor with a major focus on Ukraine and Moldova, has invested an undisclosed amount in GoIT.  This Kyiv-based startup, founded in 2014, helps aspiring students to learn programming and other digital skills. It claims 20,000 students with alumni in more than 850 tech companies in 15 countries.  Currently, the company is actively developing …

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