Finance

Allegro Group acquires B2B trading platform Zakupki-online

In a new illustration of investor interest in Ukrainian e-commerce, Prom.ua, a major B2B and B2C marketplace owned by Poland’s Allegro Group, has aquired Zakupki-online.com, a platform that helps companies organize sales and purchases online without middlemen. The news was reported last week by the Ukrainian online edition of Forbes magazine, which estimates the transaction …

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Russian startup AmazingHiring attracts $500,000 from Ukrainian fund SMRK and Russo-Austrian angel investor Igor Ryabenkiy

AmazingHiring, a Moscow-based service for finding IT professionals, has attracted $500,000 in a second seed round, with equal contributions brought in by SMRK, a Kyiv (Kiev) based venture fund, and Altair, the seed-stage fund backed by Russo-Austrian serial investor Igor Ryabenkiy. The startup is developing a search engine and browser plug-in for Chrome that recruiters can use …

Russian startup AmazingHiring attracts $500,000 from Ukrainian fund SMRK and Russo-Austrian angel investor Igor Ryabenkiy Read More

China’s Xinwei and Ukraine’s Datagroup strike an investment agreement for $400 million

China’s Xinwei Telecom Enterprise Group has made further inroads into the Ukrainian market with an agreement to invest about $400 million in the telecom and hi-tech projects of telecom operator Datagroup. Datagroup CEO Alexander Danchenko signed a memorandum of cooperation with his counterpart from Xinwei, Wang Jin. A press release announcing the agreement was posted …

China’s Xinwei and Ukraine’s Datagroup strike an investment agreement for $400 million Read More

The current turmoil will stimulate high tech investment from large Ukrainian groups

Many oligarchs as well as financial and industrial groups are beginning to understand that physical assets will be hard to preserve. Considering the demographic and cultural movements in Europe and the United States, we cannot consider our world stable in the long term. Looking at the dynamic political, economic, demographic, national and religious maps of …

The current turmoil will stimulate high tech investment from large Ukrainian groups Read More

E-commerce site Zakaz.ua secures $2.5 million from giant investment firm CIG

Last week Zakaz.ua, a major Ukrainan e-commerce site, secured $2.5 million from Chernovetskyi Investment Group (CIG), an investment company backed by businessman and former Kiyv (Kiev) mayor Leonid Chernovetskyi. A groceries delivery company serving the inhabitants of Kyiv (Kiev), Zakaz.ua was launched in 2010 by Yegor Anchishkin – whose first startup, Viewdle, was acquired by …

E-commerce site Zakaz.ua secures $2.5 million from giant investment firm CIG Read More

Online ad platform ClickGanic raises $300,000 and prepares itself for international expansion

Last month, ClickGanic, an online ad platform based in Kyiv (Kiev) and launched in February of this year, secured a $300,000 investment from business angel Evgeny Medvednikov and Clickky, an internationally oriented Ukrainian company offering a mobile app marketing platform. The deal valued ClickGanic at $557,000 (pre-money), 24-year-old co-founder Evgeny Kukharchuk told Ukraine Digital News. …

Online ad platform ClickGanic raises $300,000 and prepares itself for international expansion Read More

Oleksii Vitchenko launches seed-stage startup investment fund

Ukrainian entrepreneur Oleksii Vitchenko has launched Digital Future, a new investment company which analyses the Ukrainian startup landscape, seeks out the best new projects and takes them to the global market. Digital Future invests in startups at various stages of development, focusing on e-commerce, digital marketing and mobile technology. The company usually looks to invest from …

Oleksii Vitchenko launches seed-stage startup investment fund Read More

Ukraine’s first VC association aims to be “the front door for foreign investors”

Illustrating a willingness to reshape and open their industry to the global market, Ukraine’s venture capitalists have launched their own association. Joining the initiative are 30 industry players including not only such major Ukrainian funds as AVentures Capital, Horizon Capital, TA Venture or Vostok Venture, but also the EBRD and the Ernst & Young Venture …

Ukraine’s first VC association aims to be “the front door for foreign investors” Read More

Ukrainian startup Ritot accused of fraud after raising $1 million on Indiegogo

Ritot, a Ukrainian startup seeking crowdfunding on Indiegogo for a what they present as the “first projection watch,” has raised a considerable amount of funding, but garnered criticism and accusations of fraud in the process. With less than a week left in their Indiegogo campaign, the company has far surpassed its original target of $50,000 …

Ukrainian startup Ritot accused of fraud after raising $1 million on Indiegogo Read More

Russia’s Quadro Capital Partners and Forex Club ready to invest in Ukraine

Last week Russian venture fund Quadro Capital Partners (FXC-QCP VC) and online trading service provider Forex Club announced investment plans in the field of Internet trading on the international stock market. The target geography includes Russia, Ukraine, other states of the former Soviet Union, and Europe. The total volume of investments could reach up to $200 million, a Forex Club executive …

Russia’s Quadro Capital Partners and Forex Club ready to invest in Ukraine Read More

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