Ukrainian-founded pricing optimization startup secures $3 million in the US, announces partnership with major consultancy

Founded in 2017 by Ukrainian entrepreneurs Alex Galkin, Andriy Mykhailov and Alex Sazonov, Computera aims to “automate pricing and make it more effective.” To help retailers “set optimal prices and increase customer trust,” the startup has “trained a neural network on proprietary and industry data.” It has thus developed algorithms that “continuously calculate and re-quantify billions …

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Ukrainian entrepreneurs and investor want to disrupt UK’s car finance industry

Last week a Ukrainian co-founded, UK-based fintech announced the completion of its £15.5 million Series A round. A bevy of top venture funds were involved, including Jaguar Land Rover’s investment arm InMotion Ventures, US-based fintech specialists QED Investors, Athens-based VentureFriends and Kyiv-based u.ventures. Co-founded in 2021 by Ukrainian and UK entrepreneurs (Igor Gordiichuk, Amy McKechnie, Aidan Rushby …

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Dmytro Kuzmenko: “Now is the best time to invest in Ukraine, because we’re at the bottom before a huge boom!”

In a video interview with Kyiv Post, Dmytro Kuzmenko, CEO of the Ukrainian Venture Capital and Private Equity Association UVCA), shared his views on the future of technology development in Ukraine and foreign investment in this field.  Before the war, said Kuzmenko, UVCA “was a regular VC association,” but since the beginning of Russia’s aggression, …

Dmytro Kuzmenko: “Now is the best time to invest in Ukraine, because we’re at the bottom before a huge boom!” Read More

2023 in review: Ukrainian tech’s highs and lows amid the war

In 2023, the Ukrainian tech scene was still affected by the war, with even more startups developing abroad — in particular in the EU, rather than in the US, which is relatively new. The year also saw several Ukrainian IT firms being acquired by foreign players, while some Ukrainian companies pursued their expansion abroad. While large investment …

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EU-backed “Seeds of Bravery” startup support program starts with €10,000 business consulting grants

The long-awaited, EU-backed €20 million program to help Ukrainian startups integrate into the European tech ecosystem is being materialized at last. On December 20, “Seeds of Bravery” (UASEEDs) launched an open call for Ukrainian innovative tech companies to receive grants of up to €10,000.  These grants are aimed to cover business consulting costs in the fields of business …

EU-backed “Seeds of Bravery” startup support program starts with €10,000 business consulting grants Read More

Ukraine’s e-government app Diia attracts growing international attention with US support

The Diia e-government platform continues to develop amid the war, making life easier to “over 19 million Ukrainians” and attracting attention from abroad. The Dia Summit, which was held online on December 19, provided fresh insights. Diia was launched in 2020 — soon after Volodymyr Zelensky took office as president and formed the “ministry of …

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A Polish IT giant’s acquisition spree in Ukraine: Three companies absorbed this year, more to come in 2024

Euvic Group, a major Polish IT group, acquired three Ukrainian IT companies this year.  The first deal was announced in April as Euvic absorbed Exoft, an award-winning Lviv-based software development provider. While the terms of the deal were not disclosed, a market insider estimated that the amount could be under $1 million. Announced earlier this month, the …

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US-based, Ukrainian-founded AI startup raises $3 million three months after launch

AiSDR, a US startup founded by two Ukrainian entrepreneurs in August 2023, has just raised $3 million to develop its AI-powered sales support solution.  “Just like a human SDR, AiSDR will reach out to your prospects on your behalf and engage them in personalized conversations with the goal of booking a meeting for you,” claims …

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“Book of Ukrainian Tech” navigates industry’s highs and lows since 2022

The Ukrainian tech news outlet AIN, the N1 investment fund and the online intelligence agency Molfar have just released an in-depth review of the Ukrainian tech industry in 2022 and H1 2023. Accessible online at no charge, the “Book of Ukrainian Tech” covers a variety of topics, from the service industry to startup investment to game …

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Horizon Capital supports GoIT to “redefine computer science education and digital learning”

Horizon Capital, an international PE/VC investor with a major focus on Ukraine and Moldova, has invested an undisclosed amount in GoIT.  This Kyiv-based startup, founded in 2014, helps aspiring students to learn programming and other digital skills. It claims 20,000 students with alumni in more than 850 tech companies in 15 countries.  Currently, the company is actively developing …

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InSoft.Partners buys stake in Lviv-based software developer Vakoms

InSoft.Partners, a major Kyiv-based software development holding, is continuing its investment and acquisition spree. As reported by Forbes Ukraine, the holding has acquired a stake in Vakoms, a software developer from Lviv whose expertise ranges from health tech, to 3D product configuration, to furniture retail, to marketing and ad technologies.  Founded in 2010, Vakoms has more than …

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u.ventures teams up with Dutch investor to back global print-on-demand major Cloudprinter

Cloudprinter, “the leading global print[-on-demand] platform,” partly based in Ukraine, has just secured a round of funding with hopes of becoming a unicorn.  The fresh funding is coming from u.ventures — a fund launched in 2017 by WNISEF with the support of USAID to back startups in Ukraine and Moldova, — Dutch investor Brabant Development Company, …

u.ventures teams up with Dutch investor to back global print-on-demand major Cloudprinter Read More

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