Venture/Private equity

From supporting refugees, to funding startups, to air strike alert systems: How Google helps Ukraine survive the war

Last week Google announced a $5 million fund to provide Ukrainian startups with equity-free cash awards throughout 2022. Dubbed ‘Google for Startups Ukraine Support Fund,’ it will  also convey “ongoing Google mentorship, product support and Cloud credits” to startups “on a rolling basis.” “This hands-on support is designed to help Ukrainian entrepreneurs maintain and grow their businesses, strengthen …

From supporting refugees, to funding startups, to air strike alert systems: How Google helps Ukraine survive the war Read More

Russian and Belarusian VCs launch international petition “against the bloodshed in Ukraine”

Even as Russian authorities are taking unprecedented measures to silence opposition or even free expression, an “international VC and startup petition against the bloodshed in Ukraine” started circulating this weekend in the Russian and Belarusian tech business community.  Prominent tech investors from or connected with these countries signed the petition just hours after its release, …

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Workee keys in $600,000 to help freelancers manage their online business

There are an estimated 1,2 billion freelancers around the world – nearly 1/3 of the total global workforce. Freelancing is on the rise, along with remote work, growing three times faster than the traditional workforce. The growth of the freelance workforce is three times faster than the traditional workforce. To cash in on the rising …

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Ukrainian freight tech startup Cargofy hauls home $2 million in seed round

Cargofy, a logistics/freight tech startup hailing from Ukraine has raised $2 million in seed funding. The capital will be used to further scale operations and iterations of the company’s offer, as well as move forward with plans to establish a network of owner-operators drivers, particularly in the U.S.. Using AI to aggregate multiple shipping provider …

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The Eastern European paradox: How a troubled region generated unicorns and decacorns in 2021, and what to expect this year

Crunchbase and East-West Digital News are teaming up to cover key tech and venture trends from Russia, Ukraine, and Belarus, with a column by EWDN Chief Editor Adrien Henni that highlights the most notable industry facts and trends across the region. “With Russia and Belarus digging themselves into domestic authoritarianism and international confrontation, a looming …

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Ukrainian startup Finmap nabs $1.2 million to help SMBs manage their cashflow

Last week Ukrainian startup Finmap announced the completion of $1.2 million round of funding, involving local and foreign investors. Launched in 2018, this startup has developed a cash flow management service — “simple and convenient for modern businesses, with accessible functionality and a user-friendly interface.” The solution “synchronizes with user accounts via API, allowing business owners …

Ukrainian startup Finmap nabs $1.2 million to help SMBs manage their cashflow Read More

Ukrainian entrepreneurs prepare to launch neobanks in 8 countries

Fintech Farm, a UK-based fintech startup launched last year by Ukrainians Dmytro Dubilet, Alexander Vytiaz and Nick Bezkrovnyy, has raised $7.4 million to launch neobanks in eight countries during the next two years. As reported by AIN.UA, Fintech Farm’s neobanks aim to attract large customer audiences with user-friendly mobile apps and accessible credit products. In Azerbaijan, where it launched in November 2021 …

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TA Ventures

Ukrainian tech investor TA Ventures turns to Web 3.0

TA Ventures, a major Ukrainian tech investor operating internationally, plans to increase the size of its fund from $50 million to $75 million. The additional capital will be used to invest Web 3.0, blockchain and metaverse projects, TA Ventures representatives told Ukrainian tech blog AIN.UA.  TA Ventures already started investing in this field, writes AIN.UA, citing as …

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Ukrainian IT companies team up to launch smart money startup fund

Three Ukrainian IT service companies — Sigma Software, Ideasoft and Datrics — have teamed to launch a venture fund to back Ukrainian founders from pre-seed to Series A. The three partners plan to invest “up to $1.5 million,” Sigma Software’s press service told Ukraine Digital News, expecting the fund to reach $15 million with additional LPs.  …

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New ‘Investors’ Book’ highlights 3,000 companies of Ukrainian tech ecosystem

The Ukrainian Venture Capital and Private Equity Association (UVCA) announces today the publication of its ‘Investors’ Book 2021.’ The book reflects the contributions of more than 150 market players to map and navigate the country’s tech ecosystem. Some 90 investors from 14 countries and more than 3,000 portfolio companies are mentioned. This publication also received the …

New ‘Investors’ Book’ highlights 3,000 companies of Ukrainian tech ecosystem Read More

Venture Camp in Dubai: A breathtaking business and leisure experience!

This VC Camp in the UAE will uniquely combine networking, learning, and adventure. Reserved for tech investors, this event offers a rare opportunity to find partners, discuss deals, learn from each other — and have loads of fun!  Camp features include:  Interactive masterclasses and group discussions Desert survival and best practices Sand buggies and 4×4 ride through sand dunes …

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Ukrainian-founded startup Grammarly now valued at $13 billion

What is the value of proper writing skills? Grammarly has a precise answer: $13 billion. This now famous Ukrainian-born startup has just raised more than $200 million in Silicon Valley at this astounding valuation. The funding was provided by  Baillie Gifford, an Edinburgh-based investment firm, and funds and accounts managed by BlackRock, among others.  Grammarly was founded in 2009 by Kyiv natives Aleksey Shevchenko and Maksim Litvin. Its AI-powered software …

Ukrainian-founded startup Grammarly now valued at $13 billion Read More

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