Venture/Private equity - Ukraine Digital News

Crunchbase-EWDN tech investment review: February 2019 in Eastern Europe and Central Asia

March 8, 2019

Crunchbase and East-West Digital News, the publisher of UADN.NET, are teaming up to cover key tech and venture trends from Eastern Europe and Central Asia. Thus, 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 the region, including Ukraine. …

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Ukrainian-Russian startup raises $1.5 million to teach English to Polish and Spanish kids

March 7, 2019

AllRight.io, an e-learning startup with Ukrainian and Russian roots, has just secured $1.5 million in a funding round led by Buran Venture Capital. Founded in 2017, AllRight provides childrens aged 4-12 with courses of English as a foreign language. The startup claims to serve more than 1,700 active users monthly, essentially from Russia, with 150 …

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Polish IT Kontrakt acquires Ukrainian IT service provider CoreValue

February 27, 2019

Insoft Capital and AVentures Capital announced today they sold a majority stake in CoreValue to IT Kontrakt, a leading IT outsourcing service provider based in Poland. No details about the transaction or the stakes sold by the two investors were disclosed. As part of IT Kontrakt, Core Value is joining ‘IT Services Competence Platform,’ a …

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Swedish investor VNV injected $8.5 million in Busfor in 2018

February 15, 2019

In December last year Vostok New Ventures (VNV), a major Swedish investment firm operating internationally, invested $4.5 million in online bus ticketing platform Busfor, in addition to the $4 million it had injected in the company in mid-2018. The latest transaction was revealed Wednesday by business daily Kommersant, based on VNV’s latest financial report and exchanges with Busfor’s founder …

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CrunchBase and EWDN team up to cover tech and venture trends in Eastern Europe

February 10, 2019

CrunchBase has teamed up with East-West Digital News, the publisher of Ukraine Digital News, to cover key tech and venture trends from Russia, Ukraine, Belarus and Kazakhstan. Starting from now, EWDN chief editor Adrien Henni publishes a monthly column in this famous industry resource, highlighting the most notable deals as well as promising tech innovations from …

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Dragon Capital and AVentures Capital invest in software engineering company Ciklum

February 5, 2019

Yesterday Ciklum, a major software engineering company operating globally from its main office in Kyiv (Kiev), announced an investment from Dragon Capital and AVentures Capital. The funds acquired “a minority stake.” No substantive details of the deal were disclosed. “I’ve known the company from the very beginning and have been serving Director of the Board in Ciklum since 2015. …

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Horizon Capital raised $200 million PE fund to invest in fast-growing, export-oriented Ukrainian companies

January 28, 2019

Last week Horizon Capital, a US-registered, Kyiv (Kiev)-based fund manager, announced that it closed a new private equity fund. Dubbed ‘Emerging Europe Growth Fund III’ (EEGF III), the fund has attracted as much as $200 million, a hard cap which is “far surpassing the $150 million target.” The completion of the fundraising campaign marks “the largest …

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Spinbackup, a cloud security startup with Ukrainian roots, raises $1.5 million in Silicon Valley

January 21, 2019

Spinbackup, a San-Francisco-headquartered cloud security solution provider with Ukrainian roots, has raised “around $1.5 million” in a round led by Polish angel VC firm bValue. TMT Investments, a London-based fund with Russian connections, and unnamed Silicon Valley business angels also took part in the round. (The latter’s contribution amounted to approximately one third of total …

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2018 Eastern Europe and Central Asia Tech Investment Overview

January 16, 2019

Tech investment volumes in Eastern Europe and Central Asia were modest last year, if compared with the Chinese, US or Western European markets. However, 2018 was marked by giant corporate deals involving international players while a series of smaller venture transactions illustrated the diversity of the regional startup scene. In this review, which encompasses Russia, …

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GitLab, a unicorn with Ukrainian roots, raises $20 million from Goldman Sachs

December 10, 2018

Last week GitLab, a San Francisco-based open-source software startup founded by Ukrainian entrepreneur Dmitry Zaporozhets, has raised $20 million from Goldman Sachs, as announced Tuesday. Just months ago, the company completed a $100 million Series D round led by Iconiq Capital, reportedly bringing its valuation to over $1 billion. Last year, GitLab raised $20 million in a …

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Deborah Fairlamb, launch coordinator for the Ukrainian National Startup Fund: “There are more Western investors in Ukraine than it seems.”

December 7, 2018

After a career in international private banking (Merrill Lynch, UBS, Bank of Georgia), US executive Deborah Fairlamb came to Ukraine in 2015. She served as deputy director of UkraineInvest, Ukraine’s official investment promotion office, then as Adviser to Oksana Markarova, Ukraine’s Minister of Finance and Government Commissioner for Investments. In January this year, Mrs Fairlamb …

Deborah Fairlamb, launch coordinator for the Ukrainian National Startup Fund: “There are more Western investors in Ukraine than it seems.” Read More

Genesis launches corporate fund to support Ukrainian entrepreneurs

November 29, 2018

Genesis, a Kyiv- (Kiev-) based company which has developed a variety of Internet and mobile projects, is launching an in-house startup investment fund. Announcing the news on Facebook last week, company CEO Vitaly Laptenok defined the new fund’s mission as “to help talented entrepreneurs transform strong ideas into profitable businesses.” Dubbed ‘Genesis Investments,’ the fund will …

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