Online services

Workee keys in $600,000 to help freelancers manage their online business

There are an estimated 1,2 billion freelancers around the world – nearly 1/3 of the total global workforce. Freelancing is on the rise, along with remote work, growing three times faster than the traditional workforce. The growth of the freelance workforce is three times faster than the traditional workforce. To cash in on the rising …

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Ukraine-founded language tutoring marketplace raises $35 million for “blitzscaling”

Last week Preply, an international language learning platform founded by three Ukrainian entrepreneurs, announced the completion of an impressive round of financing.  No fewer than 13 investors were involved in this $35 million Series B round, led by Sillicon Valley VCs Full In Partners and Owl Ventures. The other investors are Point Nine Capital (Germany), …

Ukraine-founded language tutoring marketplace raises $35 million for “blitzscaling” Read More

Genesis Investments backs Russian-founded edtech startup in Series A round

Genesis Investments is backing IntellectoKids, a Russian-founded edtech startup, for the second time in one year. The Ukrainian tech investment company, which put $1 million in the startup in late 2019, is now contributing an undisclosed amount to its Series A round. Other participants in this round include Allrise Capital (Silicon Valley), Vershina Capital (Moscow) and Quonota …

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In Western Ukraine, Lviv IT Cluster and USAID to launch IT service marketplace

Industry association Lviv IT Cluster is announcing the ‘Lviv Tech Marketplace’ initiative, aiming to promote the IT industry in Western Ukraine and help small and mid-size IT companies enter global markets. The initiative enjoys the support of the USAID Competitive Economy Program in Ukraine.  This online platform will feature “the most up-to-date information on IT companies in …

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Ukraine-born tutoring platform Preply secures $10 million from Western European investors

Preply, a Ukraine-born private language tutoring platform, is pursuing its international development path with a $10 million round of funding closed in January.  According to CrunchBase, the investment consortium was led by London-based venture capital firm Hoxton Ventures with participation from a variety of investors mostly from Western Europe: Point Nine Capital (Germany), Educapital (France), The Family …

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EU and EBRD back online platform to support digitalization of Ukrainian SMEs

A new digital platform was launched earlier this month to provide Ukrainian SMEs with information on a variety of business topics – including trainings, events, advisory opportunities, knowledge tools and other relevant data, as reported by the EBRD. Dubbed ‘Merezha’ (‘chain’ in English) will also bring together the providers and the seekers of development opportunities.  Ukrainian SMEs will be …

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Ukrainian-Russian startup raises $1.5 million to teach English to Polish and Spanish kids

AllRight.io, an e-learning startup with Ukrainian and Russian roots, has just secured $1.5 million in a funding round led by Buran Venture Capital. Founded in 2017, AllRight provides childrens aged 4-12 with courses of English as a foreign language. The startup claims to serve more than 1,700 active users monthly, essentially from Russia, with 150 …

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Google fixes “technical mistake” in maps that presented Crimea to Russian users as Ukrainian territory

Five year after Russia took control of the peninsula, the sovereignty dispute between Russia and Ukraine over Crimea is still sensitive for online service providers.  Thus, in an effort to comply with local laws regarding the depiction of international borders, Google has just “corrected an error that caused a small number of Russian iOS users” to …

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Google rolls out YouTube Kids in Ukraine

Google launched its children-friendly YouTube app in Ukraine on Feb. 21. Called YouTube Kids, the mobile app eliminates not-so-kid-friendly parts of the video-sharing platform. In YT Kids app, Google allows only videos suitable for children, including content it creates itself. For Ukrainian users, YT Kids offers videos in Ukrainian and English. The channels and playlists are grouped …

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Swedish investor VNV injected $8.5 million in Busfor in 2018

In December last year Vostok New Ventures (VNV), a major Swedish investment firm operating internationally, invested $4.5 million in online bus ticketing platform Busfor, in addition to the $4 million it had injected in the company in mid-2018. The latest transaction was revealed Wednesday by business daily Kommersant, based on VNV’s latest financial report and exchanges with Busfor’s founder …

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Ukrainian investor buys Translate.com from US media and Internet company

Ukrainian tech investor Oleksii Vitchenko has acquired Translate.com, a US-based publisher of enterprise translation solutions. Among the company’s products are such ones as ‘Website Localizer,’ which lets you “localize your entire website within minutes;” ‘GoGlobal API,’ which allows external applications “to order human translations for text content” in multiple languages; ‘Translate Zendesk App,’ which “automatically translates support …

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