Venture/Private equity - Ukraine Digital News

US-Ukrainian startup raises $5.3 million to automate SMB back-office finance operations

September 22, 2017

Last week YayPay, a San Francisco-based fintech startup with Ukrainian roots, announced the completion of a $5.3 million round of funding. The round was led by QED Investors along with co-investors Birchmere and Fifth Third Capital, the direct equity investment subsidiary of Fifth Third Bancorp, with support from 500 Fintech Fund, Aspect Ventures, Gaingels, Techstars, 408 Ventures …

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EU and EBRD start €1 million program to support Ukrainian clean energy projects

September 20, 2017

Six Ukrainian companies have been chosen as recipients of Climate Innovation Vouchers (CIVs), a new mechanism aimed at the development and improvement of technologies reducing greenhouse gas (GHG) emissions and improving energy consumption in Ukraine. Businesses and consultancies from Kiev, Dnipro and Lviv will receive vouchers worth €160,000 in total for innovations ranging from the introduction …

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German development fund backs Ukrainian SMBs

September 15, 2017

Last month, DEG, the German Investment and Development Corporation, announced that it will provide a total of $10 million to the Emerging Europe Growth Fund III (EEGF III) to support Ukrainian SMBs. The EEGF III fund – whose target size in $150 million – invests into export-oriented industries, in particular in the fields information technology, light …

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AVentures Capital invests in Spinbackup to “change the paradigm of data security”

September 8, 2017

AVentures Capital, a major early stage venture capital fund based in Ukraine, has just announced a $500,000 investment in Spinbackup, startup which has developed a cloud data protection technology. Based in California with R&D offices in Ukraine (Kyiv and Odessa), Spinbackup was co-founded in 2014 by Dmitry Dontsov, a US serial entrepreneur with Eastern European roots. The …

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Ukraine launches Council of Innovations, considers creating fund of funds

July 25, 2017

In a meeting on July 21 with industry representatives, the Ukrainian Prime Minister Volodymyr Groysman supported the idea of creating a fund of funds to develop innovation the country. The government will draft the concept in connection with the Council of Innovations, which should be launched shortly. Should the plan be finally approved, the state budget …

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High-level networking event to gather tech companies and investors from across Europe (Monaco, Oct. 5-6)

July 24, 2017

Small and big startups from Eastern Europe, including pre-IPO ones, have an opportunity to present themselves to a bevy of high-level international investors, tech journalists, and financial analysts in Monaco on October 5-6 in Monaco. Monaco Tech Invest will organize 30 pitches from select tech companies, and 300 one-to-one meetings to match some 150 attendees.

Ukrainian-American Kitcast raises $500,000 to create “the data-driven future  of digital signage”

July 14, 2017

Kitcast, a US-based startup with Ukrainian roots, has just secured $500,000 from Ukrainian investment fund SMRK, as confirmed to Ukraine Digital News by the company’s CEO Egor Belenkov. Kitcast’s digital signage application for AppleTV uses machine learning algorithms to help its users “create and deliver smart content to any screen” with no need to use …

Ukrainian-American Kitcast raises $500,000 to create “the data-driven future  of digital signage” Read More

Ukrainian Eda.ua merges with Baltic Foodout: The Eastern-European food delivery leader consolidates

July 6, 2017

Last week Chernovetskyi Investment Group (CIG), a Ukrainian investment company, announced that its portfolio company Eda.ua has merged with Foodout, a major food delivery player operating in Baltics. The deal between CIG and Foodout’s investor, the Gold Fish fund, has resulted in the creation of Foodout Group.

Fintech startup born in Ukraine and raised in Singapore closes series A round

July 3, 2017

Fintech startup Turnkey Lender has raised an undisclosed amount from Palo Alto-based Vertex Ventures, reports TechinAsia. Turnkey Lender gives financial services providers a cloud-based solution for managing the loans that they give to their clients and customers. It uses machine learning technology to analyze and assess loan applicants. Launched in Ukraine by Elena Ionenko and co-founder Dmitry Voronenko back in …

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PromoRepublic raises $1.2 million for AI which creates social media for small businesses

June 26, 2017

As AI slowly seeps into various sectors, it was fairly inevitable that we would start to see the “AI for X” startups begin to appear. Thus “AI for small business social media” is now a thing, in the shape of PromoRepublic, a US/Finnish/Ukrainian startup which has now raised a $1.2M investment round. More specifically, they bill …

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International investors back Ukrainian drone maker to modernize agriculture

June 7, 2017

Earlier this month DroneUA, a Ukrainian integrator of unmanned technologies, attracted an undisclosed amount of funding from several individual investors from the UK, Poland and Moldova. The investment went through Agricultural Systems Studio, a Kiev-based agritech software integrator which represented the investor pool. The funding will be used to create what the investors hope will become the …

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New report sheds light on the Ukrainian venture market in 2016

June 1, 2017

The Ukrainian Venture Capital and Private Equity Association (UVCA) has just released its venture capital and private equity overview, a report that features data about angel, venture and private equity investment deals involving companies in Ukraine, or with strong Ukrainian roots, in 2016. According to the study, 2016 saw the highest number of investment deals …

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