Finance

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 …

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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

Ukrainian fund Fison injects half a million dollars into e-commerce recommendation startup with global ambitions

The Ukrainian investment fund Fison has invested $500,000 in DataProm, a Kyiv (Kiev) -based startup developing data-driven recommendation solutions for online retailers. The deal – which valued the startup at $2 million – was closed in May but made public only last week. “We’ve been paying attention to the Big Data segment for a long time …

Ukrainian fund Fison injects half a million dollars into e-commerce recommendation startup with global ambitions Read More

Ukrainian startup myTips receives $75,000 and a place at Californian incubator 500 Startups

The myTips team has been accepted into the famous American incubator 500 Startups, and has moved to San Francisco. The team received an investment of $75,000 from the incubator, and now intends to develop its business in the USA. myTips is developing interactive online tutorials for complex interfaces without coding. Previously, the startup had already …

Ukrainian startup myTips receives $75,000 and a place at Californian incubator 500 Startups Read More

Kyiv startup Advice Wallet secures $1.5 million from Russia’s Life.SREDA

Life.SREDA, a Moscow-based venture capital firm focusing on mobile and online fintech startups, is to invest $1.5 million in Settle, a mobile payment service developed by Kyiv (Kiev) -based startup Advice Wallet. Combining mobile payments and a loyalty scheme in one app, Settle makes it possible to both order and then pay your bill at a restaurant or café through …

Kyiv startup Advice Wallet secures $1.5 million from Russia’s Life.SREDA Read More

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