The Ukrainian government has launched its national startup fund, also called “Ukraine Startup Fund,” the first-ever state-backed investment fund in the country dedicated to startups. The fund will amount to 390 million hryvnias (around $15 million at the current exchange rate), well above the 50 million hryvnias ($1.8 million) as initially announced. Initially, the fund …
The Polish venture capital firm bValue has launched its third fund, around $14 million, reports Ukrainian tech blog AIN.UA. The new fund will invest at the seed stage in tech startups from Poland and other countries of Central and Eastern Europe, including Ukraine, Belarus, the Baltic states, Romania, Hungary and Bulgaria. The fund already has representatives in …
Polish VC bValue launches $14 million early-stage fund to invest across Eastern Europe Read More
Liki24, a Kyiv-based drug delivery service, has attracted $1 million in funding in its first investment round, Ukrainian tech blog AIN.UA reported. The round was led by two Ukrainian investors — TA Ventures, one of the largest and most active Ukraine-based VC firms, and Genesis Investments. Part of the funding was also provided by Michael Puzrakov, co-founder of …
Online drug marketplace Liki24 raises $1 million from venture funds, business angels Read More
Last week PromoRepublic, a Finnish startup with Ukrainian roots, closed a late seed round of nearly €2 million. The funding was brought by venture capitalists Innovestor, Daal and Alfabeat, along with individual investors and government agencies in the UK, Germany and Finland, as reported by Finnish tech publication GoodNews. PromoRepublic has developed a solution to …
PromoRepublic raises €2 million from international investors, now targets US market Read More
Kira, a Ukrainian startup developing an analytics solution for small and medium-sized online businesses, recently received funding form the Finnish Venture Fund Icebreaker.vc. The amount of the investment was not disclosed, but Kira told AIN.UA that it was valued in the deal at €1.3 million. The Ukrainan tech blog recalls Kira’s long and difficult way to get …
Finnish fund backs Ukrainian business analytics service Read More
Last week German development finance institution DEG announced it provided equity funding to DataArt, a leading global developer of complex IT solutions. The amount of the deal was not disclosed. Alongside DEG, this venture round was backed by Da Vinci Capital – a major EBRD-backed and PE firm focusing on Russia and neighboring countries, which already provided funding to DataArt in late 2018. Founded in …
Bas Godska, an international e-marketing veteran and one of the most prolific business angels in Eastern Europe, announces the launch of Acrobator Ventures. This startup fund plans to invest up to €20 million in the coming three years “from pre-seed stage to later stages.” Its sweet spots will be SaaS, Big Data/ML/AI and HR tech, …
Crunchbase and East-West Digital News — the publisher of UADN.NET — 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 …
AxDraft, a Ukrainian document automation startup, has raised $1.1 million from a pool of US investors. According to Ukrainian tech blog AIN.UA, these investors included the online VC firm FundersClub and their affiliate FCVC, SCM Advisors, as well as Nick Bilogorskiy, Matt Macinnis, Ragnar Sass and a few other individual investors from Silicon Valley. In an exchange with Ukraine …
Ukrainian startup raises $1.1 million in Silicon Valley to “commoditize legal services” Read More
International investors active in Southeast Europe (SEE) will have an opportunity to meet top tech companies from the region, including Ukraine, through the South East Europe Tech Tour 2019 (SEETT), which will take place this year in Bucharest (May 28) and Sofia (May 29). The main goal of SEETT 2019 – organized by Tech Tour with support …
Horizon Capital, a US-registered, Kyiv (Kiev)-based fund manager, announced Friday an investment in Ajax Systems, a Ukrainian maker of smart security systems. Horizon Capital’s new $200 million fund, Emerging Europe Growth Fund III (EEGF III), put $10 million to buy company shares from SMRK, an earlier investor in Ajax Systems, and company management. The details of the transaction …
Horizon Capital buys $10 million worth shares of security solution maker Ajax Systems Read More
A UK-based startup with a Ukrainian-born founder is leveraging personality analysis, data analysis and machine learning to make marketing communications even more persuasive. And it has just raised $5.2 million to develop and commercialize its technology further. DataSine’s flagship product, ‘Pomegranate,’ helps businesses “tailor content to resonate with their audience, from the segment level down …
DataSine aims to make the science of “digital mass persuasion” available to marketers Read More
