Startups

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 …

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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 …

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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. …

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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. …

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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 …

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Kyiv startup yoCard enters Russian market as first step to international expansion

Disregarding the current tensions between Ukraine and Russia, yoCard, a Kyiv (Kiev) -based startup developing a virtual mobile wallet application to store customer loyalty and discount cards, has made public its first steps on the Russian market as part of its international strategy. This strategic move has already been done or is under consideration by …

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Ukrainian startup Ritot accused of fraud after raising $1 million on Indiegogo

Ritot, a Ukrainian startup seeking crowdfunding on Indiegogo for a what they present as the “first projection watch,” has raised a considerable amount of funding, but garnered criticism and accusations of fraud in the process. With less than a week left in their Indiegogo campaign, the company has far surpassed its original target of $50,000 …

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Kyiv startup Advice Wallet secures $1.5 million from Russia’s Life.SREDA

Life.SREDA, a Moscow-based venture capital firm focusing on mobile and online fintech startups, is to invest $1.5 million in Settle, a mobile payment service developed by Kyiv (Kiev) -based startup Advice Wallet. Combining mobile payments and a loyalty scheme in one app, Settle makes it possible to both order and then pay your bill at a restaurant or café through …

Kyiv startup Advice Wallet secures $1.5 million from Russia’s Life.SREDA Read More

Game of Code: Checkio gamifies and crowdsources the task of programming

Who says coding has to be boring? Checkio, a Las Vegas company with Ukrainian origins funded by Zappos founder Tony Hsieh, has come up with a way to turn writing code and helping others write code into a game. The company’s latest addition to its web-based code-editing platform is a publish-and-share feature, where players can …

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