Venture/Private equity - Ukraine Digital News

Ukrainian crypto regtech startup inks $3.5 million “strategic M&A partnership” with Swiss company

November 12, 2021

Earlier this month Ukrainian startup Global Ledger announced a “strategic M&A partnership” with Swiss fintech Promethiem AG. Founded in 2018 by Alex Fisun, Andrey Lazorenko and German Stogniiev, Global Legder is a blockchain forensic startup that allows banks, fintech companies and crypto startups to follow obligatory AML/CTF compliance rules for crypto assets. It “disrupts money laundering and cybercrime,” allowing banks …

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Ukrainian-founded startup raises $3 million to “revolutionize” online image editing

October 30, 2021

Let’s Enhance, an image processing startup born in Ukraine but headquartered in San Francisco, has just secured $3 million from three VC firms and two business angels. The investor pool included San Francisco-based Chamaeleon, which led the round; Hype Ventures, founded by Swedish-Finnish serial entrepreneur Mathias Eklöf; and Acrobator VC, co-founded by Kiev-based Dutch businessman Bas …

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Ukrainian-founded threat detection marketplace raises $11 million in the US

October 25, 2021

Last week SOC Prime, a Ukrainian-founded cybersecurity firm based in Boston, announced the completion of a $11 million Series A round. The deal involved three US-based funds: DNX Ventures — which led the round, — Streamlined Ventures and Rembrandt Venture Partners. SOC Prime touts itself as “the only threat detection marketplace where researchers monetize their content to help security …

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Party Space attracts $1 million to make online events less boring

October 14, 2021

Ukrainian startup Party Space attracted $1 million from Ukrainian fund TA Ventures, business angel network ICLUB and Hungarian fund Day One Capital, the company’s cofounder Yurii Filipchuk announced on Oct. 13. The main idea behind Party Space is to make online meetings more interesting. Ukrainian techies Yurii Filipchuk, 29, Arthur Ostapenko, 37, and Dmitry Zvada, 32, launched a service amid …

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Ukrainian-Czech startup Choice raises €700,000 to develop QR menu cards

October 8, 2021

Last year, while Ukrainian cafes and restaurants were struggling to live through the pandemic, losing 30% or $531 million in sales income last year, two Ukrainian entrepreneurs, Vladimir Olyanitsky, 27, and Alex Ilyash, 27, turned the crisis into an opportunity. They created Choice, a company that develops QR menus for food chains and hotels. Registered in Czechia, …

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A unicorn in exile: PandaDoc raises Series C round after moving staff from Belarus to Ukraine, Poland

September 27, 2021

Belarus-founded tech firm PandaDoc, which moved staff to Ukraine and Poland in 2020 during the protests against dictator Alexander Lukashenko, has become a ‘unicorn,’ bringing its total valuation to $1 billion, according to the company. The company doesn’t disclose how much money it raised during the most recent investment round. Forbes estimates that PandaDoc’s investors, Canadian OMERS …

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Ukrainian CIG group acquires stake in Israeli next-gen battery maker

September 20, 2021

Earlier this month, Ukrainian Chernovetskyi Investment Group (CIG) announced the acquisition of a stake in Israeli startup StoreDot. Neither the size of the stake nor the amount of the transaction were disclosed. StoreDot develops materials to produce new generation batteries, intended to change the electric car market shortly. As noted by CIG, StoreDot has created …

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Ukrainian startup raises $900,000 to create NFT-supporting fan engagement apps

September 16, 2021

Earlier this month Blocksport, a startup developing mobile apps for teams to find and attract sponsors, sell merchandise or collect data about their fans, attracted $900,000. The Chinese venture capital firm Panda Capital, the US fund Aves Lair, Switzerland’s CV VC and smaller investors contributed $500,000 to the round while $400,000 came from token sales. …

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Ukrainian-founded Revenue Grid raises $20 million “to revolutionize revenue intelligence”

September 10, 2021

Revenue Grid, a Ukrainian-founded sales automation startup now headquartered in California, has secured $20 million in equity funding. Valuing the company at $70 million, according to Forbes Ukraine, this Series A round was led by US VC firm W3 Capital and Ukrainian ICU Ventures. The previous round ($1.5 million) took place back in 2006. Previously known as InvisibleCRM, Revenue Grid …

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A new Ukrainian-founded unicorn: People.ai raises $100 million at $1.1 billion valuation

August 13, 2021

Earlier this week People.ai, a San Francisco-based startup with Ukrainian roots, announced a $100 million Series D funding round — reaching a $1.1 billion post-money valuation. The round was co-led by Akkadian Ventures and Mubadala Capital, the Emirati sovereign wealth fund, with participation from existing investors including ICONIQ Capital and Lightspeed Venture Partners. “On rare occasions, we come across a company that will forever change how …

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Eastern Europe quarterly review : Entrepreneurs attracted funding abroad while domestic venture activity remained modest

August 7, 2021

Crunchbase and Ukraine Digital News are teaming up to cover key tech and venture trends from Eastern Europe with a column by EWDN Chief Editor Adrien Henni highlights the most notable industry facts and trends across the region. The second quarter of this year was marked, in particular, by the emergence of new funds targeting …

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Ukrainian VC Genesis backs Estonian edtech startup 99math in $1 million funding round

August 5, 2021

Ukrainian venture firm Genesis Investments has led a $1 million round of investment in Estonian edtech gaming startup 99math. The other participants in the round are Estonian VC fund Change Ventures as well as five angel investors from leaders at companies including Bolt, Transferwise, and Pipedrive. Neither the individual contributions of deal participants nor the terms of the …

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