Startups

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 …

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

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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Energy-management startup EcoisMe announces investment from Deutsche Telekom and Polish incubator Hubraum

EcoisMe, which has developed a system for managing energy at home, has obtained 30,000 euro from Polish incubator Hubraum at an undisclosed valuation. Consequently, the Ukrainian startup will move operations to Krakow, Poland. EcoisMe has also reached an investment agreement with Deutsche Telekom, which manages Hubraum. According to the second agreement, the German telco giant will …

Energy-management startup EcoisMe announces investment from Deutsche Telekom and Polish incubator Hubraum Read More

Ukrainian VC ranks the country’s best startups

It’s a year since top Ukrainian venture capitalist Yevgeny Sysoyev produced his first overview of Ukraine’s top-100 startups. A lot has changed since then, and many more people are now familiar with the complicated geography, politics and economics of his country. The Ukrainian startup ecosystem is still comparatively small, with a maximum valuation of just $2.5 billion. However, despite its …

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Russia seeks to develop startup industry in Crimea

The Internet Initiatives Development Fund (IIDF, or FRII in Russian), a government-backed fund supporting startup development, will open a remote regional accelerator in Sevastopol, Crimea, as soon as this summer, the Russian business daily Kommersant reported last week. The fund is expecting to support five to seven projects, which will be evaluated on the local and national levels. Funding …

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Coppertino raises $500,000 from AVentures, TA Venture and Torben Majgaard

Coppertino, a Los Angeles-based startup with Ukrainian origins, announced today that it has raised half a million dollars at an undisclosed valuation from leading Ukrainian investment firms AVentures and TA Venture as well as from Torben Majgaard, the Danish founder of Ukrainian IT-outsourcing company Ciklum. Founded in 2011 by Petro Bondarevskyi and Ivan Ablamskyi, Coppertino has maintained its R&D …

Coppertino raises $500,000 from AVentures, TA Venture and Torben Majgaard Read More

Ukraine’s TA Venture and Russia’s ABRT team up to invest in UK startup Zesty

Zesty, a London-based service for booking medical appointments online, announced today that it has obtained $2 million in funding at an undisclosed valuation from Ukrainian VC TA Venture and Russian VC ABRT Fund. The company – which was backed at the seed stage by Luxembourg-based VC Mangrove Capital Partners, – says that it will use the new …

Ukraine’s TA Venture and Russia’s ABRT team up to invest in UK startup Zesty Read More

Polish government announces $100 million fund to support Ukrainian small companies

Poland is to put $100 million (300 million zloty) into supporting small Ukrainian companies, which will obviously include tech companies by implication, and allow more Ukrainian companies to list on its stock exchange. “We do this to support the new Ukrainian industry, new business and build a new middle class,” President Bronislaw Komorowski told Polish newspaper …

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Keen raises $1.625 million to create a support system for complex printing projects

Vitaly M. Golomb is taking on a decidedly unsexy incumbent market: the printing industry. While the rest of us are ebooks this and PDFs that, millions of dollars are changing hands in order to print out signs, brochures, and other collateral. But that world of offsets and ink is still primitive, which is why Golomb …

Keen raises $1.625 million to create a support system for complex printing projects Read More

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