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Genesis Investments leads $1.5 million seed round for Belarusian startup Vochi

A Kyiv-based venture fund, Genesis Investments, has led a $1.5 million seed funding round for Belarusian startup Vochi. No further details of the transaction were disclosed.  Vochi has developed an app for creative video editing, leveraging a “unique computer-vision based technology.” Neural networks are used to enable the addition of effects to individual objects in a video on a mobile device – “in real time and …

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Ukrainian startup claims to make content loading four times faster to enhance mobile apps

A Kyiv (Kiev)-based startup has just launched a media content optimization solution for mobile applications called ‘Pixpie.’ By speeding up content loading, this technology delivers pictures “2-4 times faster than typical content delivery networks” (CDN), the startup claims. In addition, Pixpie, which handles storage of app content, helps mobile app developers offload their servers and improve server performance. App developers may also expect “simplified media …

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Restaurant booking app Settle completes $1.5 million round, launches in US market

Ukrainian startup Settle has completed the round of funding which it initiated earlier this year to commercialize its mobile booking and payment service for restaurants in the US market. The company — which initially hoped to deal with US investors — raised $1.5 million in total from SMRK, a Kyiv (Kiev)-based fund, and Alexander Chernyak, a startup entrepreneur operating in the USA, Russia and …

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MacPaw and the Ukrainian app revolution: From passionate student to successful entrepreneur

Oleksandr has been an Apple fan since he was a student. In the middle of the first decade of the 2000s, earning only 200 hryvnas (about 20 dollars) a month, he couldn’t afford much. In one of computer shops in Kiev he was attracted by the desk-lamp-like iMac G4, but figured that he could only …

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‘Ukrainian Uber’ claims 7,000 users, secures angel funding

WinTaxi, a Ukrainian copycat of Uber, has received an undisclosed amount of funding from Evgeniya Dubinskaya, reported last week tech blog AIN.UA. The business angel has received a minority stake. The startup, which claims to have registered 400 taxi drivers and 7,000 users since its launch in spring, will use the money to develop new functionalities …

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Snapchat acquires Ukrainian technology Looksery in reported $150 million deal

Yesterday Snapchat announced the launch of “Lenses,” a new feature that enables users to create a variety face effects while making selfies. These augmented reality filters will allow you to change eye or skin color, alter your face to remove blemishes or look thinner. Behind these new types of avatars is a technology developed by Looksery, a startup originated from Odessa, Ukraine, with …

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Giant investment firm CIG invests $1 million in Israeli startup Kidoz

In early August Chernovetskyi Investment Group (CIG), an investment company backed by businessman and former Kiyv (Kiev) mayor Leonid Chernovetskyi, contributed $1 million in a funding round secured by Israeli startup Kidoz. The round also involved several other investors, according to a CIG announcement reported by the Ukrainian media. However, neither these investors’ identity nor …

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Mobile apps to help with first aid instructions at war front

Here’s a timely innovation for Ukraine at war: applications that help people facing life-threatening injuries. Win Interactive, a Ukrainian game developer, created a mobile application that provides first medical aid instructions – Domedychna Dopomoha (pre-medical aid). The app has six tabs that provide brief explanations on how to correctly transport wounded persons, stop bleeding, apply bandages, restart …

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Restaurant-booking service Eatsmart raises $110,000 in angel investment

Eatsmart, a web and mobile service for reserving tables at restaurants throughout Ukraine, secured $110,000 last month from a business angel. Neither the identity of the investor, nor the terms of the deal have been disclosed. The funds will be directed towards a marketing campaign, as well as hiring sales managers. Eatsmart was launched in …

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Mobile navigation startup QROK secures $500,000 from Estonian investor and prepares move to Austria

Last month, Ukrainian startup QROK, which has developed a mobile app for navigation within buildings and malls, received a capital injection of half a million US dollars from an unnamed Estonian investment company. “The investor will launch its activities officially across the CIS in a few weeks, and it might be a big surprise for …

Mobile navigation startup QROK secures $500,000 from Estonian investor and prepares move to Austria Read More

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