Tallinn-headquartered crypto exchange Utorg raised $5 million in a round led by US fund Dragon Fly with participation from Hypra and TA Ventures, two funds with Ukrainian roots. Completed in September but publicly announced only recently, the deal valued the startup at $50 million, Forbes Ukraine heard from an unnamed source. Founded in October 2020, …
Earlier this month Dealroom released the third edition of its annual report on Central and Eastern European (CEE) startups. Its main findings are as follows: CEE has shown resilience through uncertain market conditions — Combined venture capital investment in CEE has doubled since 2020. The region is on track to break its yearly venture capital investment record and raise €6.2 billion. CEE …
Ukrainian tech blog AIN met Nikita Izmaylov, founder of Ukrainian investment fund N1, which targets on fintech and crypto startups at the early stage. Izmaylov shared insights about his fund, the portfolio companies, and the challenges they have faced since the war broke out in February. N1’s plans to invest some $5 million in four or …
GR Capital, an international VC firm with offices in Berlin and Kyiv, has completed its first closing (€30 million) of its second early-growth fund, reports AIN.Capital. The money was attracted from Ukrainian and Eastern European entrepreneurs, said GR Capital Managing Partner Max Filippov, in an exchange with the Ukrainian tech news site. “About 60% of the …
Immigram, a UK-based tech immigration platform, has won the first prize at Slush, Helsinki’s yearly top tech event. The Russian-founded startup will receive €1 million in investment coming from top global investors including Accel, General Catalyst, Lightspeed, NEA and Northzone. According to CrunchBase data, Immigram had raised half a million just six months ago, earning trust …
While Ukraine ranks third worldwide in the 2022 Global Crypto Adoption Index, Web3 startups with roots in this country raised nearly $1 billion in investments over the past four years. This and other interesting facts and numbers are contained in a report just published by Hypra, a Lisbon-based Web3 fund with a Ukrainian team. According to this …
Ukrainian-founded Web3 startups raised $1 billion in four years Read More
The UCU Foundation of the Ukrainian Catholic University has established an angel venture fund called Angel One Fund. It will “invest in Ukrainian founders with a global mindset,” says Angel One Fund’s website, covering such fields as edtech, fintech, SaaS and AI/ML The average ticket size will range from $50,000 to $200,000 per startup at the …
New angel fund aims to “invest in Ukrainian founders with a global mindset” Read More
Last week Roosh, a Kyiv-headquartered company that develops international AI technologies, announced an investment in Neurons Lab. This UK company provides research, development and consulting services for SMBs to create solutions in the field of artificial intelligence — typically in health tech, energy tech and other segments. Neurons Lab claims to develop up to ten projects per …
When the Soviet Union splintered into separate nations in the early 1990s, it contained exactly zero hubs for venture-backed tech startups. Three decades later, of course, the picture is quite different. Metro areas in multiple former Soviet countries now have a rich concentration of tech founders. Capital has followed. But as one might expect, geopolitics …
Where’s funding going in former Soviet states? Not Russia Read More
A bevy of international financial institutions have agreed to back Horizon Capital Growth Fund IV (HCGF IV), a fund aiming to support tech and export-oriented small and medium-sized enterprises in Ukraine and Moldova. The focus industries include the IT sector, e-commerce, innovative consumer goods and financial technologies. These institutions included the EBRD (which has committed “up …
Earlier this month ffVC, an international VC firm comprised of several funds in the US and Europe, announced the launch of a new fund exclusively dedicated to Ukrainian founders and startups. Christened ‘ff Blue & Yellow Heritage Fund,’ this fund will “invest in startups led by Ukrainian founders, startups relocated from Ukraine and startups that employ Ukrainian refugees.” …
US venture firm launches new fund with exclusive Ukrainian focus Read More
When the Russian invasion of Ukraine began in February, Ukrainian venture capitalist Nathan Kay’s priorities shifted overnight. Kay, who’s CEO of crypto-focused VC firm Mempool Ventures, had new problems — instead of growth for his company and his employees, the immediate-term became all about survival. “Each and every member of our team will never be …
Ukraine’s tech scene finds creative ways to do business amid a full-scale war Read More
