Ukraine-USA

Russia’s Imperious Group injects $250,000 in Ukrainian startup Multitest to conquer Western markets

In a new illustration of the maintained interest of several Russian funds in Ukrainian startups, Imperious Group has invested $250,000 in Multitest, a Kiyv (Kiev) -based startup that helps Internet users choose their ISP. The funds will be used to redesign the platform and penetrate new markets. The startup’s founder Artem Beloded is considering, in …

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How American VC Bill Reichert inspired a Ukrainian startup’s rap-style investor pitch

Dating service WishDates read out a rap to a potential investor and published it on YouTube. The team is looking for as much as $1.5 million. Last year, the startup claimed to have attracted millions of users and started generating revenues with zero advertising budget. However, the service needed investors and not stingy ones. “We …

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Looksery founder Victor Shaburov: “Our technology is the future of video communication”

Last week Looksery, a startup originated from Odessa, Ukraine, with offices in San Francisco, released its first mobile app, which has already gained popularity in Mexico, Ukraine, Greece, Russia, Brazil, Chile and some other countries. Designed for iOS devices, the application enables users to simulate their appearance for a photo or video chat in real-time. You can make the face thinner, change …

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Russians still actively invest in Ukrainian startups; Western VCs eye the market, too

Amid political turmoil, Russian investors have been involved in four of the five largest investment deals on the Ukrainian startup scene since early 2014. This trend was revealed by an analysis provided by Yevgen Sysoyev of AVentures Capital, a Kyiv (Kiev) based international fund. A $3 million deal involving Gillbus, a bus-ticket software developer, took place in June. Investors included …

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Kyiv authorities work with American investor to open a free co-working space for startups

Kyiv City State Administration is working with Igor Shoifot, chairman of Ukrainian Happy Farm incubator and the U.S. representative of TMT Investments, to open a co-working space in Kyiv, where startup teams will be able to work on their projects free of charge. Existing spaces in the Ukrainian capital charge anywhere from $70 to $200 per …

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How tech innovations and partnerships can help Ukraine reach new goals

Nowadays, implementation of innovations and using high technology can significantly contribute to reaching new goals of Ukraine’s national economic development. Achieving these goals will enable Ukrainians to build a new country with absolutely new formation – the country which can get back its high-quality specialists (especially in IT and R&D sector), develop relevant conditions to …

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Ukrainian entrepreneur Dmytro Kostyk brings his Interactive Restaurant Technology to US market

After testing its interactive surfaces in restaurants in Cyprus, Dubai and Abu-Dhabi, Ukrainian technology company Interactive Restaurant Technology is set to start working in the United States. The startup, which is a brainchild of another Ukrainian company, Kodisoft, is planning to build three “interactive venues” in San Antonio, Texas, and launch a manufacturing line in …

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American technology companies have a lot at stake in Ukraine

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 …

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“IT outsourcing for democracy” – Ukraine launches promotion campaign in the US

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 …

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