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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 …

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

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 …

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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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Techiia plans to build $1 billion “ecotechnopark” in Southern Ukraine

The Ukrainian tech holding Techiia has announced plans to build a large “ecotechnopark” in Nova Kakhovka, a city of 46,000 inhabitants located in the Kherson region, southern Ukraine.  At the core of the tech park, which will cover 90 hectares of land, will be a robust data center with a capacity of 500 megawatts. This …

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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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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 …

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

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