Venture/Private equity - Ukraine Digital News

Investment in Ukrainian tech companies set new record in 2019, says industry report

May 6, 2020

In late April the Ukrainian Venture Capital and Private Equity Association (UVCA) released an overview of the Ukrainian venture market in 2019. Investments in tech startups and IT companies registered or born in Ukraine reached $510 million, up 50% from the previous year. This number may seem modest by international standards, but it set a …

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Elision secures $150,000 to develop “the next big thing in podcasting”

May 4, 2020

A Kyiv-based venture fund, Genesis Investments, has injected $150,000 million in podcast visualization startup Elision. The details of the deal, which was reported by AIN.UA, have not been disclosed. Founded in November 2019, Elision has developed an “intuitive podcasting platform” which allows listeners and podcasters to enhance their podcasting experience, adding visualization through RichAudio. In its beta version, the platform offers more than …

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Valued at $10 million, Ukrainian fashion marketplace plans to develop across Europe

April 30, 2020

The Ukrainian fashion marketplace Love&Live has attracted funding for the second time from SMRK VC. The amount of the deal was not disclosed, but the company was valued at $10 million, as reported by local tech blog AIN.UA. Love&Live needed fresh money to strengthen its positions on the domestic market and develop on the Polish market, …

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Small round but big ambitions for Ukrainian HR tech startup Skyworker

April 22, 2020

The Ukrainian startup Skyworker has just raised an initial round of funding, as reported by the local tech blog AIN.UA. The deal might not be considerable by its amount (undisclosed), if judging by the $1.5 million valuation – but it is worth of notice given the track record of the startup and the investor. Skyworker was founded just one …

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Ukrainian venture market: Invitation to international webinar

April 18, 2020

On Wednesday, April 22, the Ukrainian Venture Capital and Private Equity Association (UVCA) and Deloitte Ukraine will hold a webinar in English language to discuss VC and PE trends and prospects in the country. This initiative enjoys the support of Innovation DTEK. UVCA CEO Olga Afanasyeva and Deloitte Partner Volodymyr Yumashev will present the key …

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E-commerce company Zakaz.ua secured €5 million from Chernovetskyi Investment Group

April 15, 2020

Zakaz.ua, an online service to order from popular grocery chains, secured €5 million in February from Chernovetskyi Investment Group (CIG). No public announcement was made, but the deal appeared on CrunchBase. The company was founded in 2010 by Ukrainian entrepreneur Yegor Anchyshkin – whose first startup, Viewdle, was acquired by Google in 2012. In 2014, Zakaz.ua …

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Shaken by Covid crisis, meal ordering startup Allset manages to secure $8.25 million funding round

April 2, 2020

Allset, a Ukrainian-founded meal ordering startup now headquartered in Silicon Valley, has just raised a $8.25 million Series B round. The EBRD led the round, joined by Andreessen Horowitz (San Francisco), Greycroft (New York City), SMRK VC Fund (Ukraine) and Inovo Venture Partners (Poland). As reported by Tech Crunch, the startup was hoping to secure as much as …

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Ukraine-born tutoring platform Preply secures $10 million from Western European investors

April 1, 2020

Preply, a Ukraine-born private language tutoring platform, is pursuing its international development path with a $10 million round of funding closed in January. According to CrunchBase, the investment consortium was led by London-based venture capital firm Hoxton Ventures with participation from a variety of investors mostly from Western Europe: Point Nine Capital (Germany), Educapital (France), The Family …

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Report: Ukraine-born startups raised more than half a billion USD in 2019

March 12, 2020

In 2019, the VC/PE funding volume for Ukrainian and Ukrainian-founded tech startups reached $544 million (up from $323 million in 2018 and $265 million in 2017), says AVentures Capital’s latest industry report, “DealBook of Ukraine.” Annual early-stage funding for Ukraine-born tech companies The performance was mostly due to a few large rounds involving companies with Ukrainian roots having …

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Ukrainian “deepfake-for-good” startup Respeecher raises $1.5 million

March 4, 2020

Ukrainian-founded AI startup Respeecher has landed a $1.5 million in funding for its voice transformation and transfer technology aimed at the entertainment industry. The round was led by ff Venture Capital, with participation from Acrobator Ventures, ICU Ventures, Network VC, and several angel investors. Respeecher provides an AI-based toolkit to change recorded voice or “transfer” the voice …

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Da Vinci Capital gets €30 million from Germany’s DEG to invest in Ukraine, Belarus and Kazakhstan

February 21, 2020

Private equity fund manager Da Vinci Capital has agreed with DEG, a state-owned German development finance institution, a €30 million contribution to its new fund, ‘Da Vinci Capital Technology Fund III.’ The agreement is still subject to standard closing conditions. Da Vinci expects to attract other LPs in the course of the year to reach the fund’s initial $100 million (€‎90 …

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2019 in Eastern Europe: Russia moved towards digital isolation, Ukraine exported IT services and gifted entrepreneurs

January 17, 2020

Crunchbase and East-West Digital News are teaming up to cover key tech and venture trends in Eastern Europe. Since January 2019, EWDN chief editor Adrien Henni has offered a regular column to highlight the most notable industry facts and trends as well as promising tech innovations from this region. This full-year 2019 review lists the most important investment and …

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