Finance

Mobile navigation startup QROK secures $500,000 from Estonian investor and prepares move to Austria

Last month, Ukrainian startup QROK, which has developed a mobile app for navigation within buildings and malls, received a capital injection of half a million US dollars from an unnamed Estonian investment company. “The investor will launch its activities officially across the CIS in a few weeks, and it might be a big surprise for …

Mobile navigation startup QROK secures $500,000 from Estonian investor and prepares move to Austria Read More

How business angel practice is emerging in Ukraine

Business angel practice — a term that covers a variety of individual situations and approaches — has grown slowly but noticeably over the past few years in Ukraine. Not only did the political tumult of this year not stop this development, 2014 even saw the creation of a dedicated association, UAngel, along with that of UVCA, which gathers venture capitalists. UAngel chairman Natalia …

How business angel practice is emerging in Ukraine Read More

Pavel Aleshin and Kirill Mazur of Imperious Group: “There are greater economic and political risks in investing in Russian projects, so we have begun looking more at the Ukrainian market”

Launched in 2010 in Russia, Imperious Group began investing in Ukrainian startups last year. Regardless of the political tumult, the fund’s interest in this market was maintained this year to such an extent that has it has become one of the most active funds in Ukraine with more than $3 million invested so far. This …

Pavel Aleshin and Kirill Mazur of Imperious Group: “There are greater economic and political risks in investing in Russian projects, so we have begun looking more at the Ukrainian market” Read More

EBRD considers launching tech fund of up to $60 million for Ukrainian companies

The European Bank for Reconstruction and Development plans to launch a fund with a volume of $50 million-$60 million early in 2015 to invest in Ukrainian high-tech companies, according to EBRD director for Ukraine Sevki Acuner. As reported by Interfax.ua, the volume of the fund is expected to be around $50 million-$60 million. The structure …

EBRD considers launching tech fund of up to $60 million for Ukrainian companies Read More

Californian startup with Ukrainian roots launches low-cost private jet service and attracts $400,000 from Russia’s Imperious Group

In California, Ukrainian developers have launched the startup JetMe, a service which allows users to reserve and pay for flights on private jets to any point around the globe. One of the startup’s founders is Yuriy Romanyukha, an associate for Russia-based fund Imperious Group. Almost immediately after the project launched, JetMe obtained $400,000 in funding …

Californian startup with Ukrainian roots launches low-cost private jet service and attracts $400,000 from Russia’s Imperious Group Read More

Ukrainian startup Jeapie obtains $50,000 from Digital Future

Founded in 2013, Jeapie is a mobile notification-delivery service aiming to increase the quality of interactions with clients or co-workers through the introduction of smart push notifications. What’s more, thanks to user data collection and analysis, Jeapie’s customers receive the opportunity to more deeply understand the behavior of users after receiving messages. In the future, customers …

Ukrainian startup Jeapie obtains $50,000 from Digital Future Read More

Automated mail reminder startup MyRobot raises $60,000 and eyes global expansion

Ukrainian startup MyRobot.io, which defines its solution as a “mail robot secretary,” has attracted $60,000 from a group of angels through the investment platform Startup.ua. As part of a deal, the startup’s founder Bohdan Oleksandruk gave up control of 35% of the company. The MyRobot solution reminds users of deadlines for tasks by email. Luanched just weeks …

Automated mail reminder startup MyRobot raises $60,000 and eyes global expansion Read More

Russia’s Imperious Group injects $250,000 in Ukrainian startup Multitest to conquer Western markets

In a new illustration of the maintained interest of several Russian funds in Ukrainian startups, Imperious Group has invested $250,000 in Multitest, a Kiyv (Kiev) -based startup that helps Internet users choose their ISP. The funds will be used to redesign the platform and penetrate new markets. The startup’s founder Artem Beloded is considering, in …

Russia’s Imperious Group injects $250,000 in Ukrainian startup Multitest to conquer Western markets Read More

New site Prosto.ua aims to unify B2C and C2C in single e-commerce platform

Universal Commerce Group (UCG), an affiliate of international investment fund Noosphere, has launched Russian-language e-commerce platform PROSTO.UA. The site aims to become a “unified multifunctional platform that combines the features of an online trading platform (in the segment of B2B) and a board of classified ads (in the segment of C2C).” The news was reported …

New site Prosto.ua aims to unify B2C and C2C in single e-commerce platform Read More

Odessa e-marketing agency Netpeak acquires Bulgarian company and gets 10% stake in Russia’s Q-Page

Earlier this week the Odessa-based e-marketing agency Netpeak announced it has acquired a 51% stake in Bulgarian agency Optimization.bg as well as 10% of Q-Page, a Russian company that help individual entrepreneurs and SMBs create or optimize online sales pages. Netpeak paid $100,000 for the stake in Q-Page. The details of the deal with the Bulgarian company …

Odessa e-marketing agency Netpeak acquires Bulgarian company and gets 10% stake in Russia’s Q-Page Read More

“While the traditional sectors are in crisis, IT is undoubtedly the most promising field,” say Ukrainian investors

Because of the complex political and economic situation in the country, made even more complicated by the military actions in the eastern part of the country, investment in Ukrainian startups fell in 2014. According to Yevgen Sysoyev, managing partner of AVentures Capital, the total volume of investment in Ukrainian projects this year has been significantly …

“While the traditional sectors are in crisis, IT is undoubtedly the most promising field,” say Ukrainian investors Read More

How American VC Bill Reichert inspired a Ukrainian startup’s rap-style investor pitch

Dating service WishDates read out a rap to a potential investor and published it on YouTube. The team is looking for as much as $1.5 million. Last year, the startup claimed to have attracted millions of users and started generating revenues with zero advertising budget. However, the service needed investors and not stingy ones. “We …

How American VC Bill Reichert inspired a Ukrainian startup’s rap-style investor pitch Read More

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