Startups

Petcube receives grants from Global Technology Foundation and prepares for $1.5 million seed-stage round

Last week at the IDCEE international tech conference in Kyiv (Kiev) the Global Technology Foundation (GTF) awarded hardware startup Petcube a grant of 240,000 hryvnias (approximately $18,500). The Foundation’s jury believes Petcube is the best Ukrainian startup, due to the fact that it is now well-known in Europe and the US and that it has …

Petcube receives grants from Global Technology Foundation and prepares for $1.5 million seed-stage round Read More

Russians still actively invest in Ukrainian startups; Western VCs eye the market, too

Amid political turmoil, Russian investors have been involved in four of the five largest investment deals on the Ukrainian startup scene since early 2014. This trend was revealed by an analysis provided by Yevgen Sysoyev of AVentures Capital, a Kyiv (Kiev) based international fund. A $3 million deal involving Gillbus, a bus-ticket software developer, took place in June. Investors included …

Russians still actively invest in Ukrainian startups; Western VCs eye the market, too Read More

Allegro Group acquires B2B trading platform Zakupki-online

In a new illustration of investor interest in Ukrainian e-commerce, Prom.ua, a major B2B and B2C marketplace owned by Poland’s Allegro Group, has aquired Zakupki-online.com, a platform that helps companies organize sales and purchases online without middlemen. The news was reported last week by the Ukrainian online edition of Forbes magazine, which estimates the transaction …

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Russian startup AmazingHiring attracts $500,000 from Ukrainian fund SMRK and Russo-Austrian angel investor Igor Ryabenkiy

AmazingHiring, a Moscow-based service for finding IT professionals, has attracted $500,000 in a second seed round, with equal contributions brought in by SMRK, a Kyiv (Kiev) based venture fund, and Altair, the seed-stage fund backed by Russo-Austrian serial investor Igor Ryabenkiy. The startup is developing a search engine and browser plug-in for Chrome that recruiters can use …

Russian startup AmazingHiring attracts $500,000 from Ukrainian fund SMRK and Russo-Austrian angel investor Igor Ryabenkiy Read More

Kyiv authorities work with American investor to open a free co-working space for startups

Kyiv City State Administration is working with Igor Shoifot, chairman of Ukrainian Happy Farm incubator and the U.S. representative of TMT Investments, to open a co-working space in Kyiv, where startup teams will be able to work on their projects free of charge. Existing spaces in the Ukrainian capital charge anywhere from $70 to $200 per …

Kyiv authorities work with American investor to open a free co-working space for startups Read More

E-commerce site Zakaz.ua secures $2.5 million from giant investment firm CIG

Last week Zakaz.ua, a major Ukrainan e-commerce site, secured $2.5 million from Chernovetskyi Investment Group (CIG), an investment company backed by businessman and former Kiyv (Kiev) mayor Leonid Chernovetskyi. A groceries delivery company serving the inhabitants of Kyiv (Kiev), Zakaz.ua was launched in 2010 by Yegor Anchishkin – whose first startup, Viewdle, was acquired by …

E-commerce site Zakaz.ua secures $2.5 million from giant investment firm CIG Read More

Ukrainian entrepreneur Dmytro Kostyk brings his Interactive Restaurant Technology to US market

After testing its interactive surfaces in restaurants in Cyprus, Dubai and Abu-Dhabi, Ukrainian technology company Interactive Restaurant Technology is set to start working in the United States. The startup, which is a brainchild of another Ukrainian company, Kodisoft, is planning to build three “interactive venues” in San Antonio, Texas, and launch a manufacturing line in …

Ukrainian entrepreneur Dmytro Kostyk brings his Interactive Restaurant Technology to US market Read More

Ciklum to launch a startup-in-residence program in Ukraine

The out-staffing software development company Ciklum with headquarters in Denmark and seven offices in Ukraine employing more than 2,400 people will soon launch a startup-in-residence program. The company’s CEO and founder Torben Majgaard announced the plan at the UTGem conference in San Francisco on Sept. 18. “We’re going to be offering Ukrainian startups to move into our offices. …

Ciklum to launch a startup-in-residence program in Ukraine Read More

Zaporizhia plays host to nationwide tech conference

Earlier this month Zaporizhia (Zaporozhye), a city of 770,000 inhabitants in southeastern Ukraine, hosted the first edition of the IT Forum tech conference. Despite being held only 300 kilometers from war-torn Donbass, the atmosphere at the event was peaceful and business-oriented. The convention stood apart with its rich program and the youthful makeup of its attendees. …

Zaporizhia plays host to nationwide tech conference Read More

Oleksii Vitchenko launches seed-stage startup investment fund

Ukrainian entrepreneur Oleksii Vitchenko has launched Digital Future, a new investment company which analyses the Ukrainian startup landscape, seeks out the best new projects and takes them to the global market. Digital Future invests in startups at various stages of development, focusing on e-commerce, digital marketing and mobile technology. The company usually looks to invest from …

Oleksii Vitchenko launches seed-stage startup investment fund Read More

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