International

European Commission allocates €20 million to integrate Ukrainian startups to EU ecosystem

Nearly one year after initial announcements, an EU-backed €20 million program to support Ukrainian high-tech startups is starting to take shape.  Earlier this week, the European Commission announced the winner of its competitive call. A “pan-European network of startup associations, enterprise support centres, incubators and accelerators” will be formed to help Ukrainian innovators integrate into …

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International financial institutions commit record $254 million to Ukraine-based PE fund

Horizon Capital, a leading private-equity manager in Ukraine and Moldova, announced today the interim closing of Horizon Capital Growth Fund IV (HCGF IV). The new fund has received $254 million in commitments — above the initial $250 million target — from a bevy of financial institutions. Ukrainian president Volodymyr Zelenskyy personally attended the signing ceremony today held …

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Ukraine launches tech cluster to increase defense capabilities

On April 26 the Ukrainian authorities launched an online platform to streamline and support innovation in defense technologies.  Dubbed ‘Brave1,’ the platform aims to unite industry and government stakeholders, providing the latter with “organizational, informational, and financial support for defense tech projects in Ukraine.”  The covered fields include, in particular, weapon systems, drones, robots, demining systems, protection …

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Ukrainian-founded neobank company raises $22 million in the UK

The Ukrainian-founded, UK-based neobank company Fintech Farm has completed a $22 million Series B round, AIN.Capital reported last week — the second capital injection in a bit more than one year, following a $7.4 million round in early 2022.  The new round was led by UK fund Nordstar with participation from Chrome Capital, whose General Partner, …

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Ukrainian-American Zeely attracts $1 million to help entrepreneurs develop mobile business

Earlier this month Zeely announced the completion of a $1 million round of funding to develop further its mobile web store and ad builder for small business owners. The Ukrainian-founded, US-headquartered startup was backed by Vesna.Capital, Angel One Fund and ZAS Ventures, three funds with Ukrainian roots; Imaguru Ventures, based in Spain with Belarusian roots; as …

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Three Ukrainian startups shine at Paris Blockchain Week

From March 21 to March 23, the French capital played host to the Paris Blockchain Week, attracting a variety of thought leaders, entrepreneurs, investors, corporate executives and other industry professionals. Some 8,500 attendees in total came from 76 countries, according to the organizers. Ukraine was present in several ways. On the humanitarian side, the UNHCR …

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Ukraine and UK sign “historic” digital trade deal

Yesterday the UK and Ukraine signed a digital trade agreement (DTA) to support Ukraine’s National Recovery Plan while “greatly enhancing the UK-Ukraine trade and investment relationship.” UK businesses will be “mobilised to engage in future reconstruction projects in Ukraine,” the UK government stated.  The agreement was inked in the framework of the ‘Road to Ukraine …

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Ukrainian designer-to-client matching platform Awesomic raises $800,000

Awesomic, a Ukrainian platform that matches businesses with designers, has secured $800,000 in equity funding, reports Tech.eu.  Among the investors are three funds — including Flyer One Ventures, based in London but with Ukrainian roots, and Pioneer Fund, a serial investor in Y Combinator startups — as well as two Y Combinator executives, Michael Seibel …

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Ukrainian-born serial entrepreneur Max Polyakov sells performance marketing company to US adtech major 

Earlier this week Digital Media Solutions, a major US provider of high-tech digital advertising solutions, announced the acquisition of the  ClickDealer’s media and technology assets, including the HomeQuote marketplace.  ClickDealer was founded back in 2012 by three Ukrainian entrepreneurs: Max Polyakov, Tetiana Serediuk, and Dmytro Atamaniuk.  Initially an affiliate network covering several niche verticals, the company …

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The Current Wave: New breed of Ukrainian tech entrepreneurs seek success in global markets, Part 5

From Kyiv, to Warsaw, to London, Ukrainian startups continue growing and raising funds

In yet another sign of resilience amid the war, at least five funding deals involving Ukrainian or Ukrainian-founded startups were reported in the course of February. Finmap landed €1 million in a round led by Polish-American venture fund Smok Ventures, a Warsaw, Poland-based fund. Launched in 2018 by Ukrainian entrepreneurs Ivan Kaunov and Oleksandr Solovei, Finmap is …

From Kyiv, to Warsaw, to London, Ukrainian startups continue growing and raising funds Read More

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