Kyiv

Ukrainian AI startup gets $500,000 from Andreessen Horowitz to “Accelerate Games x Tech”

A Kyiv-based startup called Zibra AI is among the 32 participants — out of 1,600 applicants — in the first batch of Speedrun. Launched recently by Andreessen Horowitz (a16z), this accelerator aims to stimulate entrepreneur-led innovation in the gaming industry, which is often dominated by large companies. The Silicon Valley venture firm has committed up …

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IFC invests in Miratech, announces further massive support of Ukraine’s IT-driven reconstruction 

The International Finance Corporation (IFC) is considering investing some $1.5 billion in Ukraine’s banking sector, agribusiness and infrastructure, reports Reuters, citing a senior official of the World Bank’s affiliate.  The IFC has already provided nearly $400 million in support since the war broke out in February 2022, Alfonso Garcia Mora said on Friday in Kyiv as the …

IFC invests in Miratech, announces further massive support of Ukraine’s IT-driven reconstruction  Read More

Russian-Ukrainian eSports team claims world title in Kyiv

Counter-Strike: Global Offensive is one of the most popular multiplayer first-person shooter games around, and the unofficial CS:GO world title now belongs to Natus Vincere (NAVI), a team based in Kyiv comprising Russian and Ukrainian players. In the final game of the latest Major Championship tournament (held in Stockholm over the past two weeks), NAVI …

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The Current Wave: New breed of Ukrainian tech entrepreneurs seek success in global markets, Part 5

Report: Ukraine ranks 34th among world’s best countries for startups

Foreign businesses and investors call Ukraine an inspiring country: Despite years of economic difficulties, it still manages “to create technology that is both scalable and global,” reads StartupBlink’s just released annual report on startup ecosystems. According to the report, Ukraine ranked 34th in the list of 100 startup-friendly countries — it lost five points compared …

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Kyiv delivery service OVO raises $150,000 from local investors

Earlier this week OVO, a Kyiv-based fruit and vegetable delivery service, received $150,000, a non-negligible amount by local standards. The funding was brought by Ukrainian investment firm TA Ventures and private investor club IClub. Launched during the lockdown in the spring of last year, the startup already generates some $110,000 in monthly turnover, according to …

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Backed by Ukrainian programmers, US startup Very Good Security raises $60 million in Series C round

On December 21 Very Good Security (VGS) a San Francisco startup with substantial activity in Ukraine, raised $60 million in a funding round led by Vertex Ventures US, one of the company’s earliest investors. Other existing investors, including Goldman Sachs (GS Growth) and Andreessen Horowitz (a16z), also took part in this Series C round, Fortune …

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Backed by a local marketing agency, this $55 startup delivers vegetables across the Ukrainian capital

Ukrainian marketing agency Fedoriv Group has invested in fruit and vegetable delivery service OVO. Neither the amount nor the terms of the investment, which was reported by the local media in late October, were disclosed. OVO expects Fedoriv Group to help them develop a new brand style and launch a large-scale advertising campaign.  Fedoriv Group …

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Estonian Bolt launches food delivery service in Ukraine

Bolt, an Estonian transportation service startup with global traction, has just launched its food delivery service in downtown Kyiv (Kiev). ‘Bolt Food’ offers meal delivery from over 150 restaurants, from fast food chains to small restaurants. Bolt’s country manager in Ukraine Taras Potichniy said the company’s couriers will start delivering to additional districts of the capital in …

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EIB provides €50 million loan for new innovation campus in UNIT.City, Ukraine’s largest innovation park

The European Investment Bank (EIB), a major financial institution of the European Union, has agreed to lend €50 million to UNIT.City, Ukraine’s leading innovation park, to finance an innovation campus. The funds are allocated for nine years through up to 10 tranches with a “very competitive annual interest rate for Ukraine,” as stated by the EIB. The total cost …

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The Current Wave: New breed of Ukrainian tech entrepreneurs seek success in global markets, Part 5

Report: With abundant tech talents, Kyiv startup ecosystem is the best in emerging Europe

Ukraine’s capital Kyiv has been revealed as emerging Europe’s best start-up ecosystem in a new report carried out by Startup Blink, a start-up mapping an research centre. As part of research which looked at 1,000 cities across the globe, Kyiv was named as the 32nd best ecosystem in the world, the eighth best in Europe …

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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 …

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

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