Startups

European Commission allocates €20 million to integrate Ukrainian startups to EU ecosystem

Nearly one year after initial announcements, an EU-backed €20 million program to support Ukrainian high-tech startups is starting to take shape.  Earlier this week, the European Commission announced the winner of its competitive call. A “pan-European network of startup associations, enterprise support centres, incubators and accelerators” will be formed to help Ukrainian innovators integrate into …

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Ukrainian startup secures $1 million to counter online disinformation

Ukrainian VC firm SMRK has injected $1 million in Osavul, a company launched last year “to protect society from disinformation and manipulations from malicious actors.” “The world has faced a powerful wave of propaganda and narratives discrediting Ukrainians and its struggle. New technologies — such as large language models like ChatGPT — make it easier …

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Ukrainian-founded neobank company raises $22 million in the UK

The Ukrainian-founded, UK-based neobank company Fintech Farm has completed a $22 million Series B round, AIN.Capital reported last week — the second capital injection in a bit more than one year, following a $7.4 million round in early 2022.  The new round was led by UK fund Nordstar with participation from Chrome Capital, whose General Partner, …

Ukrainian-founded neobank company raises $22 million in the UK Read More

Ukrainian-American Zeely attracts $1 million to help entrepreneurs develop mobile business

Earlier this month Zeely announced the completion of a $1 million round of funding to develop further its mobile web store and ad builder for small business owners. The Ukrainian-founded, US-headquartered startup was backed by Vesna.Capital, Angel One Fund and ZAS Ventures, three funds with Ukrainian roots; Imaguru Ventures, based in Spain with Belarusian roots; as …

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Three Ukrainian startups shine at Paris Blockchain Week

From March 21 to March 23, the French capital played host to the Paris Blockchain Week, attracting a variety of thought leaders, entrepreneurs, investors, corporate executives and other industry professionals. Some 8,500 attendees in total came from 76 countries, according to the organizers. Ukraine was present in several ways. On the humanitarian side, the UNHCR …

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Ukrainian designer-to-client matching platform Awesomic raises $800,000

Awesomic, a Ukrainian platform that matches businesses with designers, has secured $800,000 in equity funding, reports Tech.eu.  Among the investors are three funds — including Flyer One Ventures, based in London but with Ukrainian roots, and Pioneer Fund, a serial investor in Y Combinator startups — as well as two Y Combinator executives, Michael Seibel …

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

From Kyiv, to Warsaw, to London, Ukrainian startups continue growing and raising funds

In yet another sign of resilience amid the war, at least five funding deals involving Ukrainian or Ukrainian-founded startups were reported in the course of February. Finmap landed €1 million in a round led by Polish-American venture fund Smok Ventures, a Warsaw, Poland-based fund. Launched in 2018 by Ukrainian entrepreneurs Ivan Kaunov and Oleksandr Solovei, Finmap is …

From Kyiv, to Warsaw, to London, Ukrainian startups continue growing and raising funds Read More

How Ukrainian startups survive “amid bombs, blackouts and evacuations” (podcast) 

Recently Sifted, a major tech news outlet in Europe, met the founders of “some of the continent’s most resilient startups.”  These Ukrainians are the heroes of a special podcast that appeared last week on the Sifted website. The program shows how these entrepreneurs, their teams and investors, sometimes “trapped in basements with Russian troops on …

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Kyiv-based startup raises $2 million to help blockchain transaction originators keep their profit

Ukrainian DeFi startup Kolibrio has announced its first round of funding, having raised $2 million from a consortium of Web3 investors.  Jump Crypto led the round, with participation from Delta Fund and Everstake Capital alongside unnamed individual investors. The company is developing a solution to help blockchain transaction originators “get ownership of the order flow they …

Kyiv-based startup raises $2 million to help blockchain transaction originators keep their profit Read More

CES 2022: Twelve Ukrainian startups showcase their inventions for the home, cafés, hospitals

Last week a dozen Ukrainian startups were featured at CES, the premier consumer electronics gathering in Las Vegas.  “I think it takes a lot of courage for our Ukrainian friends to be here. They have proven how they are protecting themselves against Russia; but they’re also very entrepreneurial,” AFP quoted as saying Gary Shapiro, President of …

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A year in review: How Ukrainian tech resisted the war in 2022

Amid the destructions caused by the war, the Ukrainian tech industry demonstrated remarkable resilience. Most IT companies and startups managed to survive by moving their staff to a safer location inside the country or, more rarely, abroad. Many initiatives emerged to offer them assistance in both humanitarian and business terms. Meanwhile, on the digital front, …

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Survey: 12% of Ukrainian startups shut down, 30% moved abroad at least partially during the war

Much has been said about the “resilience” of the Ukrainian tech sector amid the war (example), but what do entrepreneurs themselves say about the challenges they have faced since Feb. 2022?  Teaming up with the Ukrainian Startup Fund, the Polish-Ukrainian Startup Bridge conducted a survey about these “challenges that no entrepreneur can predict and which …

Survey: 12% of Ukrainian startups shut down, 30% moved abroad at least partially during the war Read More

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