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Innovative science and technology center opens in Kramatorsk with UN and EU support

A new STEAM (Science, Technology, Engineering, Arts, Mathematics) education centre has opened in Kramatorsk, Donetsk oblast, under the UN Recovery and Peacebuilding Programme, partially funded by European Union. The centre will be a unique place for young people interested in technological innovations, and will aid in the professional development of teachers, who will actively apply the principles of …

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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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Ukrainian-founded digital transformation major Grid Dynamics acquires e-commerce solution provider

Grid Dynamics, a Ukrainian-founded, NASDAQ-listed digital transformation consultancy and solution provider, has acquired Tacit Knowledge, a major provider and integrator of digital commerce solutions.  “We are pleased to welcome Tacit Knowledge to the Grid Dynamics family. [This company] excels at consulting for top global brands, differentiate through a focus on digital transformation, and consistently deliver the highest …

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‘Ukraine in Washington:’ Top policy makers and industry leaders discuss bilateral developments and tech innovation (May 11-13)

On May 11-13 the US-Ukraine Foundation (USUF) will hold a three-day online conference, gathering a bevy of high-level government officials, policy experts and business leaders. Speakers will share their views on the current state of the US-Ukraine strategic partnership and discuss opportunities for advancing business and other prospects. Among the topics covered will be the first steps …

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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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In Southern Ukraine, EBRD and EU help local ISP secure enhanced network access

Established in the city of Kryvyi Rih (Krivoy Rog) since 2010, IT-Invest provides high-quality broadband Internet services using fibre-optic. It serves more than 2,400 organizations and 4,800 households.  To ensure uninterrupted local network access, the company has purchased machinery with support from the EBRD, the European Union and OTP Leasing. As the result of the investment, IT-Invest claims to have …

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US game publisher takes control of Ukrainian studio Hologryph

Last week US game publisher TinyBuild announced a $3 million investment in Hologryph, a Ukrainian game studio known for the game Secret Neighbor. Hologryph’s valuation was not disclosed, but VentureBeat reported that the deal will give TinyBuild a majority stake in the company.  Hologryph studio is based in Lviv, Western Ukraine, and has 11 employees …

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American Cprime acquires Ukrainian IT service firm Archer Software

A new acquisition was announced last month on the thriving Ukrainian IT service scene. US company Cprime bought Archer Software, a Ukrainian tech consulting and custom software development firm with offices in Dnipro, Kyiv (Kiev) and New York.  The terms of the deal were not disclosed, but industry insider Vitaly Gorovy told Ukrainian tech blog AIN.UA that Archer …

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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 …

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

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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