Tag: "startup"

The Humanity of Technology: IT Arena 2019

The Humanity of Technology: IT Arena 2019

 IT Arena is a tech event with a global outlook and scale, which takes place in Lviv, Ukraine on the last weekend of September. Productive networking, business matchmaking and festival spirit are IT Arena trademarks. Three intensive conference days catalyze exponential growth and inspire new solutions and business ideas. IT Arena expands the limits, uniting global tech in Ukraine! [...]

Finnish-Ukrainian Startup PromoRepublic Raises 2M EUR

Finnish-Ukrainian startup PromoRepublic raised 2 million euros, informs its co-founder Max Pecherskyy. Investors are a number of business angels and Finnish Public Fund. It was a late seed round for the startup. By the end of 2019, the company plans to double its size and tap into North America’s market. What does PromoRepublic do? The [...]
Estonian Tech Startup Bolt Rivals Taxi Apps Uber, Uklon in Ukraine

Estonian Tech Startup Bolt Rivals Taxi Apps Uber, Uklon in Ukraine

For three years, U.S. startup Uber and its Ukrainian counterpart Uklon ruled the local taxi industry with their mobile apps. But recently a strong challenger has appeared: Estonian startup Bolt. In fact, it has re-appeared. Bolt worked in Ukraine in 2016 under a different brand name: Taxify. But it couldn’t withstand the competition and left [...]
Ukrainian startup raises 1.5 million, works with Google, Microsoft

Ukrainian startup raises 1.5 million, works with Google, Microsoft

Ukrainian tech startup Spinbackup, which makes software to back up online data, has raised $1.5 million from international investors, the company announced on Jan 21. Spinbackup works with big tech names: Google, Microsoft and Amazon. The $1.5-million investment round was led by Polish venture fund bValue. A London-based fund with Russian connections, TMT Investments, also took part in [...]
A Startup with a Ukrainian Co-founder YayPay Raised $8.4 Million

A Startup with a Ukrainian Co-founder YayPay Raised $8.4 Million

A Ukrainian fintech startup YayPay raised $8.4 million in investment in the series A round. The investors were Information Venture Partners, Birchmere, QED, Fifth Third Capital, Gaingels and 500 Fintech Fund, reports TechCrunch. YayPay is a company that helps businesses optimize financial processes (keeps track of all invoices and their statuses), and also predicts the [...]
Ukraine’s Taxpayers to Finance State Startup Fund with $1.8 Million Budget

Ukraine’s Taxpayers to Finance State Startup Fund with $1.8 Million Budget

Ukraine is launching a state fund to finance country’s tech startups. On Nov. 7, Ukraine’s Cabinet of Ministers approved the fund with a budget of Hr 50 million, or $1.8 million. It’s officially called the Innovation Development Fund and also known as the Ukrainian National Startup Fund. Its operations will get under way in 2019. [...]
A Startup With Ukrainian Roots Bitfury Raised $80 Million. It Is Called a Blockchain-Unicorn

A Startup With Ukrainian Roots Bitfury Raised $80 Million. It Is Called a Blockchain-Unicorn

Founded by the Ukrainian and the Latvian, the mining startup Bitfury attracted a new round of investments. According to the company, the amount of the transaction was $80 million. The value received as part of the transaction was not disclosed, but investors called Bitfury the “European blockchain unicorn”. Prior to this, according to Crunchbase, Bitfury [...]
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