Finance

Ukrainian-American Zeely attracts $1 million to help entrepreneurs develop mobile business

Earlier this month Zeely announced the completion of a $1 million round of funding to develop further its mobile web store and ad builder for small business owners. The Ukrainian-founded, US-headquartered startup was backed by Vesna.Capital, Angel One Fund and ZAS Ventures, three funds with Ukrainian roots; Imaguru Ventures, based in Spain with Belarusian roots; as …

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Ukrainian designer-to-client matching platform Awesomic raises $800,000

Awesomic, a Ukrainian platform that matches businesses with designers, has secured $800,000 in equity funding, reports Tech.eu.  Among the investors are three funds — including Flyer One Ventures, based in London but with Ukrainian roots, and Pioneer Fund, a serial investor in Y Combinator startups — as well as two Y Combinator executives, Michael Seibel …

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

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

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 …

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

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

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

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

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”

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”

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 …

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

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

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

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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