Venture/Private equity

November 2019 in Eastern Europe: IT firms merge in Belarus and Ukraine, Sberbank expands its empire in Russia, Baring Vostok cancels new fund

Crunchbase and East-West Digital News are teaming up to cover key tech and venture trends from Russia and neighboring countries in Eastern Europe and Central Asia. Since January 2019, EWDN chief editor Adrien Henni has offered a monthly column to highlight the most notable industry facts and trends as well as promising tech innovations from these countries. The November review highlights a …

November 2019 in Eastern Europe: IT firms merge in Belarus and Ukraine, Sberbank expands its empire in Russia, Baring Vostok cancels new fund Read More

Genesis Investments puts $1 million in Russian-founded edtech startup

A Kyiv-based venture fund, Genesis Investments , has just injected $1 million in Russian-founded edtech startup IntellectoKids.  The news was reported earlier this week by Rusbase, which cited exchanges with the startup’s press service. The details of the transaction were not disclosed.  Founded in 2016, IntellectoKids presents itself as a media, entertainment and education platform for …

Genesis Investments puts $1 million in Russian-founded edtech startup Read More

Ukrainian startup raises $500,000 to “unite all data about animals in one online resource”

 Animal ID, a Ukrainian startup that “brings together responsible pet owners,” has raised $500,000, according to local tech blog AIN.UA. The project launched in 2011 as a public initiative “for systematic assistance to homeless and domestic animals in Ukraine.” Animal ID became a private startup four years later, and currently claims about 120,000 users in 15 …

Ukrainian startup raises $500,000 to “unite all data about animals in one online resource” Read More

October 2019 in Eastern Europe: A unicorn from Ukraine; JV proliferation in Russia; gaming and esports news from Belarus

Crunchbase and East-West Digital News are teaming up to cover key tech and venture trends from Russia and neighboring countries in Eastern Europe and Central Asia. Since January 2019, EWDN chief editor Adrien Henni has offered a monthly column to highlight the most notable industry facts and trends as well as promising tech innovations from these countries. The October review highlights the …

October 2019 in Eastern Europe: A unicorn from Ukraine; JV proliferation in Russia; gaming and esports news from Belarus Read More

Grammarly, a Ukrainian-born unicorn, aims to “improve lives” through improved written English style

Should he still be alive, Shakespeare might be happy to learn that a startup whose only purpose is to help people write English correctly has been valued at more than $1 billion. Such is the case of Grammarly, a San Francisco-based startup with Ukrainian roots,  which has just secured $90 million in a round led …

Grammarly, a Ukrainian-born unicorn, aims to “improve lives” through improved written English style Read More

Kyiv-based startup raises $1.2 million “to make online ads simple, efficient and hot”

Ukrainian startup RetargetApp has secured $1.2 million in a seed-stage round led by a TMT Investments, a London-based fund with Russian connections, with a contribution of $650,000. According to AIN.UA, the other investors include TA Ventures, a Ukrainian, internationally-oriented fund, AI Target, a Russian social media advertising solution provider, and unnamed individual investors. RetargetApp touts …

Kyiv-based startup raises $1.2 million “to make online ads simple, efficient and hot” Read More

August 2019 in Eastern Europe: US automation leader buys Ukrainian startup, Belarusian VR suit tested in zero-gravity, Sberbank extends its empire

Crunchbase and East-West Digital News are teaming up to cover key tech and venture trends from Russia and neighboring countries in Eastern Europe and Central Asia. Since January 2019, EWDN chief editor Adrien Henni has offered a monthly column to highlight the most notable industry facts and trends as well as promising tech innovations from these countries. The August review highlights the …

August 2019 in Eastern Europe: US automation leader buys Ukrainian startup, Belarusian VR suit tested in zero-gravity, Sberbank extends its empire Read More

July 2019 in Eastern Europe: Photo app hysteria, foreign ownership restrictions in Russia, food delivery consolidation in Ukraine

Crunchbase and East-West Digital News are teaming up to cover key tech and venture trends from Russia and neighboring countries in Eastern Europe and Central Asia. Since January 2019, EWDN chief editor Adrien Henni has offered a monthly column to highlight the most notable industry facts and trends as well as promising tech innovations from these countries. The July review analyzes the …

July 2019 in Eastern Europe: Photo app hysteria, foreign ownership restrictions in Russia, food delivery consolidation in Ukraine Read More

General Catalyst and Horizon Capital reportedly invested “approximately $30 million” in PDFfiller

PDFFiller, a Boston-based developer of document workflow solutions with Ukrainian roots, is said to have raised “approximately $30 million” from investment firm General Catalyst (USA) and Horizon Capital (Ukraine). The transaction, revealed by Ukrainian tech blog AIN.UA last week, was not confirmed officially. However, the General Catalyst website lists Airslate – seemingly the new name …

General Catalyst and Horizon Capital reportedly invested “approximately $30 million” in PDFfiller Read More

Lviv Tech Angels launches new regional investment community

Traditionally Lviv has been better known for its IT outsourcing and software development industry than tech startup investment.  Lviv Tech Angels wants to change that.  The genesis of this group comes from the Lviv IT Cluster, which currently has about 80 technology companies as its members.  Lviv IT Cluster activities include the annual Lviv IT Arena conference, which …

Lviv Tech Angels launches new regional investment community Read More

Ukrainian TAS Group leads $3 million round for local fintech startup MyCredit

Last week TAS group, a major Ukrainian group of companies, announced it led a $3 million round of funding for online loan service MyCredit. Neither the other participants in the deal nor its financial terms were disclosed, but TAS and MyCredit underlined the “strategic” and “partnership” dimensions of the investment. MyCredit’s post-money valuation exceeds $20 …

Ukrainian TAS Group leads $3 million round for local fintech startup MyCredit Read More

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