EcoisMe, which has developed a system for managing energy at home, has obtained 30,000 euro from Polish incubator Hubraum at an undisclosed valuation. Consequently, the Ukrainian startup will move operations to Krakow, Poland. EcoisMe has also reached an investment agreement with Deutsche Telekom, which manages Hubraum. According to the second agreement, the German telco giant will …
Since Ukraine popped up on the front pages of newspapers around the globe at the beginning of this year, there have been concerns – from both overseas customers and employees here in Ukraine – about how the Maidan revolution and its aftermath will impact the IT industry. Let us try to quantify what’s happening right now in the industry with …
How Ukraine’s IT outsourcing industry has been impacted by the Maidan revolution Read More
An astounding number of American technology companies employ engineers in Ukraine, but you would never know it. Most don’t have formal offices in Kiev, preferring to hire people through intermediaries. Many companies would prefer to not publicly acknowledge these employees exist given that “outsourcing” is a dirty word in in U.S. politics. But given the …
American technology companies have a lot at stake in Ukraine Read More
Last week Ukrainian business angels announced the creation of the UAngel local and international association. UAngel will provide access to information on deals, encourage co-investment and organize events and training programs for association members. “This is a super-important element of the startup ecosystem, which Ukraine was indeed missing. Just compare these numbers: in 2012, VCs invested …
Ukrainian business angels gather in an association Read More
Gill Business Systems (Gillbus), a company that develops inventory distribution systems (IDS) for the bus-transportation industry, has secured $3 million from a consortium of three venture funds – Intel Capital, InVenture Partners and FinSight – at an undisclosed valuation. Launched in Ukraine in 2010, Gillbus aims to make distribution of tickets for buses “as smooth as tickets for airlines.” The company …
In its annual ranking of the world’s best outsourcing service providers, the International Association of Outsourcing (IAOP) has included three Ukrainian companies among the “Top 5 Rising Stars:” Intetics, Miratech and Softengi made the list, occupying the 3rd, 4th, and 5th spots, respectively. EPAM and Luxoft – two companies with Russian origins and large development …
A plan by a group of IT entrepreneurs in Ukraine to help the nation’s economy grow during and after the current political crisis has received backing from Virgin boss Richard Branson. In March 2014, the Ukrainian IT industry set out a list of actions the new national government should take to protect the sector amid political …
Virgin boss Richard Branson backs Ukraine’s IT industry Read More
In the last few months, the United States has pledged to Ukraine outspoken support, military food rations, and $1 billion. But what Ukraine could really use during its standoff with Russia, its officials say, is help from American information technology companies. The Ukrainian Embassy in the U.S. has launched a campaign aimed at Western businesses, urging …
Ukraine wants to become the Silicon Valley of Europe Read More
The Ukrainian Embassy to the United States will begin a campaign to support IT outsourcing to the country during its crisis with Russia. The slogan of the campaign, set to begin with an event at Ukrainian embassy in Washington, D.C. on April 29, is “Increase Profits. Support Democracy. Cloudsource to Ukraine.” IT outsourcing has become …
“IT outsourcing for democracy” – Ukraine launches promotion campaign in the US Read More
Coppertino, a Los Angeles-based startup with Ukrainian origins, announced today that it has raised half a million dollars at an undisclosed valuation from leading Ukrainian investment firms AVentures and TA Venture as well as from Torben Majgaard, the Danish founder of Ukrainian IT-outsourcing company Ciklum. Founded in 2011 by Petro Bondarevskyi and Ivan Ablamskyi, Coppertino has maintained its R&D …
Coppertino raises $500,000 from AVentures, TA Venture and Torben Majgaard Read More
As Russia and Ukraine were escalating to a new level of mutual threats and recriminations earlier this week, venture funds offered a welcome illustration that nationalism has not completely spoiled relations between the two countries. A leading Kiev-based fund, AVentures Capital, has teamed up with two Russian funds, Almaz Capital and ABRT, to inject $3.25 …
Russian and Ukrainian VCs team up to invest in US software startup Read More
Zesty, a London-based service for booking medical appointments online, announced today that it has obtained $2 million in funding at an undisclosed valuation from Ukrainian VC TA Venture and Russian VC ABRT Fund. The company – which was backed at the seed stage by Luxembourg-based VC Mangrove Capital Partners, – says that it will use the new …
Ukraine’s TA Venture and Russia’s ABRT team up to invest in UK startup Zesty Read More
