The Security Service of Ukraine (SBU) says that Russian intelligence has begun to create a panic on social networks and to spread viruses to Ukrainian phones, UNIAN reports. According to the the first claim, Russian intelligence are preparing fake information about losses by Ukrainian forces in clashes in the eastern part of the country and …
To stand out among a crowd of budding technology companies, three Ukrainian companies first had to loom above a field of one in five applicants. Three did. Hopeful startups, Izzly, Publicfast, and Settle had their exhibition fees waived to attend a conference in Dublin on Nov. 4-6 where 20,000 entrepreneurs, journalists, and venture fund managers …
Ukrainian startups chosen for Web Summit in Dublin Read More
Disregarding the current tensions between Ukraine and Russia, yoCard, a Kyiv (Kiev) -based startup developing a virtual mobile wallet application to store customer loyalty and discount cards, has made public its first steps on the Russian market as part of its international strategy. This strategic move has already been done or is under consideration by …
Kyiv startup yoCard enters Russian market as first step to international expansion Read More
According to research by Yandex Ukraine, Ukrainians have created 40 million accounts on popular social networks like Odnoklassniki, Vkontakte (VK.com), Facebook, and Twitter as of summer 2014. Russian social networks still dominate the market, as 27 million accounts have been created on Vkontakte and 11 million have been created on Odnoklassniki, as opposed to only …
Illustrating a willingness to reshape and open their industry to the global market, Ukraine’s venture capitalists have launched their own association. Joining the initiative are 30 industry players including not only such major Ukrainian funds as AVentures Capital, Horizon Capital, TA Venture or Vostok Venture, but also the EBRD and the Ernst & Young Venture …
Ukraine’s first VC association aims to be “the front door for foreign investors” Read More
Banking and finance software developer R-Style Softlab, based in Russia and owned by Polish company Asseco, is opening a new division in Crimea. Its office will be in Sevastopol. The department will specialise in software development for the banking sector, particularly banks located within Crimea and nearby regions. The company expects that by the end …
Ritot, a Ukrainian startup seeking crowdfunding on Indiegogo for a what they present as the “first projection watch,” has raised a considerable amount of funding, but garnered criticism and accusations of fraud in the process. With less than a week left in their Indiegogo campaign, the company has far surpassed its original target of $50,000 …
Ukrainian startup Ritot accused of fraud after raising $1 million on Indiegogo Read More
Last week Russian venture fund Quadro Capital Partners (FXC-QCP VC) and online trading service provider Forex Club announced investment plans in the field of Internet trading on the international stock market. The target geography includes Russia, Ukraine, other states of the former Soviet Union, and Europe. The total volume of investments could reach up to $200 million, a Forex Club executive …
Russia’s Quadro Capital Partners and Forex Club ready to invest in Ukraine Read More
The Ukrainian authorities may block Russian web resources which they believe to be responsible for propaganda, as well as those linked to the Donbass insurgency. “At the moment we are working at both the legal and technical level in order to follow the examples of Israel, America and China, closing down sites which pose a …
Last week the analytical firm IDC reported that losses in potential VAT revenue from the illegal importation of IT-related products, such as tablets, laptops, and phones from $233 million in 2013. Moreover, this figure does not take into account the related losses borne by the state when refunding nonexistent VAT to unscrupulous importers. For the …
Report: Illegal importation of IT-related products causes huge losses to Ukrainian budget Read More
The Ukrainian investment fund Fison has invested $500,000 in DataProm, a Kyiv (Kiev) -based startup developing data-driven recommendation solutions for online retailers. The deal – which valued the startup at $2 million – was closed in May but made public only last week. “We’ve been paying attention to the Big Data segment for a long time …
In a case of East meets West, the most dynamic representatives of Ukraine’s emerging tech industry are set to gather in the USA at the breakthrough U.T. Gem conference. The event will be held in San Francisco on September 18 at the Hyatt Regency hotel in partnership with Ukraine Digital News. Ukraine has become one …
Ukrainian tech sector to showcase its emerging talent in San Francisco Read More
