Startups

Ukraine has gained another VC fund and venture builder, SMG Capital and SMG Builder, which were launched earlier this year to help Ukrainian founders. The fund is expected to be around $10 million, managing partner Oleksandr Shinkarev told AIN.Capital. In addition, we are currently launching a three-month program for Ukrainian startup enthusiasts. Its purpose is … Read more

This year, the venture fund SMG Capital and venture builder SMG Builder were launched in Ukraine. The expected total amount of the fund is $10M, said VC fund partner Oleksandr Shynkarev. Currently, the SMG Capital fund is composed of almost 50% of its own funds and funds from partners. The investment direction — companies with … Read more

PeopleForce, the global provider of an all-in-one HR platform, has secured $2 million in seed funding round led by Pracuj Ventures, a prominent Polish venture fund. The capital injection will help the startup with its mission to revolutionize HR processes for technology-driven companies. The main goal of the funding will be to accelerate product development … Read more

Technology giant Google launched the second fund within the Startup Ukraine Support Fund initiative with a budget of $10M to support Ukrainian startups during 2024 and 2025. As in the first stage, the selected Ukrainian startups will be announced gradually during the year. They will receive up to $200,000 in equity-free funding, as well as … Read more

Ukrainian supermarket chain Silpo, part of the Fozzy Group of companies, has acquired the fruit and vegetable delivery service OVO, which was on the verge of shutdown at the time of the deal. In June 2021 OVO’s closure of $500,000 seed round from TA Ventures and other investors at a pre-money valuation of €3 million.

The Ukrainian Startup Fund, together with Ukrainian Bridge and Techosystem, has announced that it has started the process of selecting startups that will participate in the Ukrainian delegation at TechCrunch Disrupt 2023, the agency reported on Aug. 7. The selection is taking place with the support of the Ministry of Digital Transformation, the Ministry of … Read more

Oleksandr Kolb, founder, and member of the Supervisory Board of Kharkiv IT Cluster, CEO of Promodo, together with his partners Taras Kirichenko (financier, chairman of the Supervisory Board of Nova Poshta) and Igor Shoyfot (TMT Investments) launched a syndicate of private investors called Toloka.vc. As the founders explained, the purpose of creating the syndicate is … Read more

Google Corporation, as part of the Startup Support Fund in Ukraine, doubled funding for Ukrainian companies in 2022 by providing $10 million, Head of Google for Startups, CEE Michał Kramarz said at the Tech Emerging Europe Advocates – Meeting 2023 in Warsaw. He said that Ukrainian startups supported by the fund received $10 million in … Read more

Many Russian startups no longer want to be associated with the terrorist state. To raise funding from European VCs, the startups hide their origins and even pretend to be Ukrainian. An exciting trend among Russian startups was noticed by Borys Musielak, Founding Partner at SMOK Ventures, which is one of the most active funds in the … Read more