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Patreon suspends NGO account collecting money to assist Ukrainian military

Patreon says it’s suspended the crowdfunding page for “Come Back Alive,” a Ukrainian NGO that was collecting money to support the the country’s military in response to Russian aggression. In a statement given to CNBC, the platform said it “does not allow any campaigns involved in violence or purchasing of military equipment, regardless of their cause.” According to Come Back …

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

Most Ukrainian startups do not generate any income, finds study

In late 2021 the Polish-Ukrainian Startup Bridge — teaming up with Warsaw Stock Exchange and the Ukrainian Startup Fund — conducted a study about Ukrainian startups. Some 158 entrepreneurs were interviewed, providing a non exhaustive but valuable picture of the local startup scene. The research resulted in a 35-page report, released recently and available for …

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New East Tech Awards: Highlighting the region’s best startups and investors (deadline: Dec. 17)

New East Tech Awards — for both startups and investors — aims to highlight the strongest players in the VC market and provide them exceptional collaboration opportunities, networking and resources.  Startups from the ‘New East’ (Eastern Europe, Central Asia and the Balkans) as well as VC funds, business angels and accelerators investing in the region are invited …

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Cutting through the paper chain: EU opens the digital path to trade in Ukraine

Endless paperwork, delays and the risk of data loss – these are common challenges faced by Ukrainian businesses involved in international trade. The paper chain not only uses up human resources, but ensuing delays can result in late payments and lost revenues, while insecure data can put an entire business at risk. However, there is good …

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Belarusian-founded Narrative BI raises $1.2 million in the US from Eastern European investors

Narrative BI, a software startup headquartered in San Francisco, has raised $1.2 million in a pre-seed funding round from a consortium of Eastern European investors. These include, in particular, Adventures Lab and Digital Future, two Ukrainian VC firms; Joint Journey, a Cyprus-registered vehicle of top Russian business angel Sergey Dashkov; and Elysium Venture Capital, a …

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Ukrainian secret service unveils names of Russian hackers attacking Ukraine since 2014

Ukraine’s Security Service (SBU) has finally disclosed the names of a Crimea-based hacker group who have allegedly been attacking Ukraine on Russia’s orders for more than seven years. The hacker group Armagedon, also known globally as Gamaredon or Primitive Bear, attacked Ukrainian government agencies and critical infrastructure, including hospitals, banks, factories and power stations. In …

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Tech industry transforms Ukraine, attracts new talent with decent pay

Jobs in information technology are highly sought after in Ukraine. Local techies work in modern offices and develop services for big overseas clients, some earning enough to afford to work remotely from under palm trees in Bali or Thailand. Today, Ukraine has over 212,000 tech specialists, 11% of the country’s 1.9 million individual entrepreneurs. Over …

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EU program backs video-conferencing platforms for Ukrainian researchers and educators

The URAN Association, the national research and education network (NREN) of Ukraine, supports remote communications services to researchers and educators. These services include eduMEET, which was deployed with EU support as part of the EU4Digital program.  A web-based, secure online video-conferencing service, eduMEET was developed by the NREN community in the EU-funded GÉANT project GN4-3. In …

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Genesis Investments to co-invest $100,000 in Y Combinator startups from Ukraine and Belarus

Ukrainian venture firm Genesis Investments will invest $100,000 in startups going through Y Combinator this year with Ukrainian or Belarusian roots.  As reported by AIN.UA, Genesis Investment will invest on similar terms as Y Combinator under SAFE (Simple Agreement for Future Equity) agreements.  Genesis Investments is a Ukrainian early-stage venture capital fund investing in seed-stage …

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EU supports pilot for cross-border invoicing between Armenia and Ukraine

Starting from mid-January, selected companies from Armenia and Ukraine have received the possibility to exchange standardized invoice data via the eDelivery channel. This pilot is presented as “a stepping stone to ensuring the secure, reliable, affordable and effective exchange of cross-border invoice data between Eastern partner countries and with the EU.” This initiative comes as part of …

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Ukrainian HR tech startup raises $400,000 to “disrupt the US market”

Ukrainian HR tech startup Hirio has raised around €330,000 pre-seed funding in a round led by Pipedrive unicorn founders Ragnar Sass, Martin Henk and Martin Tajur. The deal was reported by EU-Startups, which did not provide further details.  Hirio touts its product as “a smart toolbox that enables the design of digital processes and automates …

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