TechUkraine Digest #11/2021

What has happened in the Ukrainian tech market in November 2021?

R&D and new offices in Ukraine

Avenga Ukraine launched a brand new office in Kharkiv, one of the biggest IT hubs in Ukraine.  The company already has 8 development labs in Lviv, Kyiv, Vinnytsia, Cherkasy, Khmelnytskyi, Lutsk, Ivano-Frankivsk and Poltava – read

The Swedish company Velory, which provides businesses with services in the field of productivity, will open an R&D office in Ukraineread

Nets A/S, a Denmark-based company that is engaged in providing payment services and related technology solutions across the Nordic region, will open the office in Ukraineread

The USA IT-company AIBY opened an office in Kyiv. The company plans to hire up to 100 developers in Ukraine – read

Grid Dynamics will open the 4th office in Ukraine. The R&D will be based in Dnipro. In 2020, Grid Dynamics acquired Daxx – read

Playrix will open new office in Kharkiv after acquiring the gamedev studio Daily Magicread

The USA unicorn Sift opens an engineering hub in Kyiv. The Kyiv-based remote team already counts 20 specialists and will be doubled during next year – read

The Spanish company Glovo, which offers a delivery service, chose Kyiv for expansion into the markets of post-Soviet countries: Belarus, Kyrgyzstan, Kazakhstan. Also, the company will become the resident of – read

British fintech giant co-founded by Ukrainian Vlad Yatsenko Revolut registered the legal entity in Ukraine – ООО «Револют Технолоджис Юкрейн» – read

Chinese mobility technology platform DiDi registered the trademark in Ukraine. Known as China’s Uber, the company offers a wide range of app-based services across Asia-Pacific, Latin America and Africa, as well as in Central Asia and Russia – read

Similarweb’s Kyiv office to be expanded to 50 professionals and is expected to grow to 150 in two years – read

ELEKS launched its newest office in Zurich, Switzerland, continuing its global expansion and strengthening its presence within central Europe read

Ukrainian tech company SoftServe opens 4 new offices at once: in Vinnytsya, Khmelnitsky, Uzhgorod and Odesa – read

EPAM will open a new office in Ukraine (Kyiv) by the end of 2021. According to the quarterly financial report, the company will buy working space estimated at $35 mln – read. Also, the company opened a new office in Kherson and announced the next one in Mykolayiv, in 2022 – read made comprehensive research about the R&D centers of TOP-20 Ukrainians IT companies: EPAM, SoftServe, Sigma Software Group, Ciklum and others – read

Venture capital and startups:

Ukrainian decacorn Grammarly announced a $200M+ funding round from new investors, including Baillie Gifford and funds and accounts managed by BlackRock, among others. The valuation of the company is estimated at $ 13BLN – read with office in Kyiv lands $250M Series E at a $2B valuation to expand its AI-powered transcription platform. The latest funding brings its total raised to more than $550 million – read

Cashflow management startup Settle with an office in Lviv has raised $60M in Series B funding round led by Ribbit Capital, Kleiner Perkins, Caffeinated Capital, Activant Capital and Stripes – read

Founded by Ukrainian Alex Gluchowski Matter Labs, the company behind zkSync, an Ethereum Layer 2 scaling protocol, announced $50M in new funding in addition to $6 MLN raised at Series A in February this year – read

Founded by Ukrainian Performance Enablement Platform Rallyware raised $22 MLN from PeakSpan Capital. Rallyware has R&D in Kharkiv and Ukrainian investors on the board, including Digital Future – read

Ukrainian crypto ML startup Global Ledger has recently expanded to the global market by signing a strategic M&A partnership with Promethiem AG, a Swiss FinTech group, with secured funding of $3.5 MLNread

Ukrainian startup Mate academy raised $1,9 MLN investments from cofounders of Wise (Transferwise), TelePort, Pipedrive, Bolt as well as Ukrainian Horizon Capital in addition to the round of 2019 by TAVentures and Flyer One Ventures – read

Latvia-based startup founded by a Ukrainian Roman Bysko Meredot, developing wireless charging stations for electric scooters, has raised $350,000 in a seed round from Ukrainian Overkill Ventures and Oleksandr Kryvoruchko – read

Ukraine’s wearable transcribing device Skripter raises $111,000 on Kickstarter. Its developer, the Ukrainian startup Senstone, has raised money by 748 Kickstarter backers as of Nov. 21, according to founder Nazar Fedorchuk – read

Ukrainian grocery delivery business has attracted $10 mln in investments over the ten-year period of its operations – read

Ukrainian Adventures Lab, and Elysium Venture Capital, Finsight Ventures, Digital Future, Joint Journey VC, and angels at Google and ServiceNow invested $1.2 Million in Narrative BI, no-code augmented analytics platform for growth teams that automatically turns raw data into actionable narratives – read

Ukrainian startup Pibox, an all-in-one service for team collaboration with media files, which helps organize the discussion of edits and saves specialists’ time, raised $400,000 in Toronto – read

Ukrainian startup MySat UA raises $9,700 on Kickstarter to develop a satellite kit. With MySat’s kit, space enthusiasts can assemble small satellites, the so-called CubeSats, to learn how they work – read

Ukrainian Startup Fund announce 5 winners of the 32nd Pitch Day that will get finance for a total amount of $250 000: ComeBack Mobility,, Silentbox, IBeauty, HoldYou – read

Ecosystem news:

The first-ever Ukraine’s Pavilion at Web Summit has launched in Lisbon and 12 startups selected by USF and CRDF Global presented their projects during the conference – read

For the first time in history, Ukrainian startup effa, 100% renewable and recyclable toothbrush made of paper, pitched the project at the Web Summit Central Stage. In April, effa raised $500 000 from an angel investor with the estimation of $3,5 mln – read

According to Opendatabot, in just 9 months of this year, Ukrainian IT exports increased by 35% compared to the corresponding period of 2020. At present, the revenue from this business exceeds 4.8 billion dollars – read

On November 18, the space agencies of Ukraine and Canada signed a joint statement of partnership in Halifax Canada. Both sides laid the first stone of the space launch complex – read\

On November 16, the 18th successful launch of the European lightweight rocket Vega took place from Kourou, French Guiana. Vega rocket carried on board three CERES Earth observation satellites for the French Ministry of the Armed Forces – read

German launch startup Rocket Factory Augsburg has signed a launch contract inked at the Space Tech Expo Europe in Bremen with Ukraine-based Lunar Research Service (LRS) for launch of of its RFA One rocket research mission – read

Forbes Ukraine presented the 30 under 30 list of the most successful Ukrainian young entrepreneurs. Among the categories there the stars of the IT business – read

20 Ukrainian tech entrepreneurs were featured in TOP 100 richest Ukrainians according to НВread

20 Ukrainian tech entrepreneurs were featured in TOP 100 richest Ukrainians according to Novoe Vremya. Among others: Max Polyakov – Firefly Aerospace, Vlad Yatsenko – Revolut, Vladyslav Chechyotkin –, Lider, Lytvyn, Shevchenko – Grammarly,  Oleg Roginskyi –, Taras Kytsmey – Softserve, Kateryna Kostereva – Terrasoft – read

Within ІТ Arena Lviv ІТ Cluster in partnership with USAID Competitive Economy Program in Ukraine (CEP) launched Lviv Tech project that offers an effective one-click tool to connect with tech companies, consultancy agencies, and service providers from Ukraine’s fastest-growing tech hub – Lviv – watch Flagship projects by Lviv ІТ Cluster during the last 10 years by Forbes Ukraineread

IT company SoftServe developed a web resource to promote lessons in Ukrainian language among teachers of after-school activities. The platform was created in cooperation with NGO “Teach in Ukrainian” – read

The first educational platform for eco-startups Greencubator.Academy was launched in Ukraine. The platform proposes free business education on how to create own environmentally friendly business. Recruitment of the first students has already opened and will last until December 12, 2021 – read

Intellias announces the launch of IntelliStart — an educational space for students, graduates and those who dream of starting their career in IT – read

Ukraine and the European Union signed the agreement on the participation of our country in the EU`s “Creative Europe” programme (2021-2027) – read

Ukrainian e-commerce giant founded by Vladyslav Chechotkin ROZETKA enters Uzbekystan starting from Tashkent and launching the portal – read

Ukrainian company FED JSC participates in the II International Defense and Aerospace Exhibition, SAHA EXPO 2021 in Istanbul, where presents a model of an impressive vertical takeoff and landing electro plane (e-VTOL), which FED is currently developing – read

The Economist mentioned Ukrainian tech startup ADAM Bioprinting as the example of a groundbreaking company developing 3D-printed bone implants within the article “What next? 22 emerging technologies to watch in 2022” – read

Founded by Ukrainians all-in-one restaurant management system ORTY named one of world’s top food tech startups according to TechRound’s list of top food tech startups in 2021 – read

Ukrainian startup is in top-30 startups on Web Summit, and top-6 from fintechread

Ajax Systems renovated the laboratory of the Igor Sikorsky Kyiv Polytechnic Institute’s Faculty of Electronics and equipped it with everything necessary for practical lab activities. In total, more than UAH 800,000 has been invested in the project, and UAH 500,000 of which is the cost of equipment – read

Ukrainian Headway app, EdTech company that provides bite-sized learning for busy adults, have already been downloaded by over 8 million people from all over the world – read

The well-known telemedicine service application Doctor Online and the recently launched LeoDoc project are united under one business structure, the American company LeoMed Inc – read

Ukrainian e-bike company Delfast presented the concept of the legendary Dnepr model bike – designed to rethink the understanding of e-power

Ukrainian fintech giant Monobank celebrates 4th anniversary – key achievements of neobank by CEO Oleg Gorokhovskyi – read

DOU represented the TOP 28 Ukrainian GameDev companies. The biggest are Playrix, Ubisoft, Plarium, Gameloft, Wargaming – read

Ukrainian cyber sport team NAVI Natus Vincere became the champions of the PGL Major Stockholm 2021: NAVI won the championship CS:GO with a 2 : 0 victory over G2 Esports in the grand final, earning $ 1,000,000 for their performance – read

Ukrainian esport team Natus Vincere CS:GO won the BLAST Premier: Fall Finals 2021, defeating Team Vitality 2 : 1 in the final! It’s the seventh title for team in 2021 – read

Ukrainian professional esports athlete Olexandr Kostylev, 24, has become the gaming champion of the world at the prestigious Esports Awardsread

Ukrainian Maksym Kovalenko, the science star in one of the world-renowned ETH Zürich – Swiss Federal Institute of Technology and Empa – Swiss Federal Laboratories for Materials Science and Technology, is named the influencer of the year and honored as “Highly Cited Researchers” – read

10 Ukrainian impact startups presented the projects at the Startup Pitсh Session at the 9th Sweden-Ukraine Business Forum –  read

Blog post

The article is about the achievements of the first-ever Ukrainian stand at the world’s biggest tech conference Web Summit 2021read

The reportag of the event “Ukraine at WebSummit: Summary & Network Party” during which were featured key achievements of the first-ever Ukrainian Pavilion at Web Summit 2021 – read

The reportage of the international conference BlockchainUA – the biggest blockchain and crypto community event in Ukraine – read

Key takeaways of the AI HOUSE CONFERENCE that brought together the world-renowned experts of AI and ML fields in Kyiv – read

The reportage from the Special Event by Ajax Systems where were introduced Fibra wired products + excursion to the productionread

Afterwords to The Conference.NFT: A real phenomenon in today’s digital world read

Highlights of the New Economy Investments Day by UNIT School of business and SUPERLUDI that gathered a meetup on business development with tools of investment – read

The winners of the Hack for Locals 3.0 by the United Nations Development Programme (UNDP) in Ukraine, UN Women and the United Nations Population Fund (UNFPA) – read

The case study of creation the Ukrainian online university of real professions Choice31read

TechUkraine participated in the international event “Innovative solutions in a digitalized economy: Germany – Ukraine” where discussed development of the IT-sector of Ukraine and the process of digitization of Germany & Ukraine economies – read

Mayak Innovatsiy podcast by Dominique Piotet, CEO of UNIT.City,and Nicolas Brusson, CEO and co-founder of BlaBlaCarlisten

The column by Den Dmitrenko, Co-founder of Reface and an expert on investments explains, covers machine learning trend and looks at the market benefits of using ML – read

In just 5 month-period UNIT.City exponentially increased the number of their brand advocates to 400 and the total number of Facebook actions produced by ambassadors around the brand increased on average by 25 % reaching almost 5,000. How Spitche made it happen – read

Government news

15.11 the Ministry of Digital Transformation and USAID CEP launched Diia.Space at UNIT.City, a meeting point where the government, investors, and businesses of all sizes can experience the benefits of digitalization of the government services – read

The Ministry of Digital Transformation launched a new 3-year EU technical assistance project “Support to Ukraine’s Digital Policy”. The amount of support will be 2,523,000 euros read

The Ministry of Economy and the EU4DigitalUA, the EU’s largest bilateral eGovernment and digital technology program, are deepening cooperation in the field of digital transformation. The implementation of the project will enable accelerating the digitalization of public electronic services, promoting their transparency and reducing corruption risks. Currently, the Ministry of Economy is implementing a number of digital projects, including the E-permit project, which envisages the translation into electronic format of 13 most popular licenses and permits – read

In order to maintain a high rate of vaccination and further motivate people to get inoculated, according to him, it was decided to pay UAH 1,000 to all fully vaccinated citizens. According to the Head of Government, funds to the tune of UAH 1,000 will be transferred to virtual payment cards through the Diia. They can be spent on tickets to the cinema, theater or concert, sports, travel to Ukraine by train or plane, and so on – read

The Ministry of Infrastructure of Ukraine announced the creation of the Special Fund for the development of aviation and railway infrastructure, the resource of which can be used, including for the construction and modernization of airport infrastructure. It will be recalled that Ukraine is currently actively implementing a program to modernize regional airports, in particular, construction work is underway at the airports of Dnipro, Odesa, Vinnytsia, Kherson, Rivne, Kryvyi Rih, Kyiv and Uzhhorod. In addition, a new airport in Zakarpattia is being designed – read

Deputy Prime Minister for European and Euro-Atlantic Integration of Ukraine Olha Stefanishyna met with a delegation of the European Bank for Reconstruction and Development (EBRD) and discussed the implementation of current cooperation projects with the EBRD, as well as prospects for further cooperation in the context of supporting by Ukraine of the implementation of the European Green Deal and the fulfillment of commitments to reduce carbon emissions – read

The Ministry of Digital Transformation partners with Apple to conduct the 2023 census. Ukraine will be the second country in the world to collaborate with Apple on a national census after the U.S. – read

The Ministry of Finance announced six new services on the portal Diia (Action). The services planned to be launched included: annual personal income declarations; notifications of credit history checks; notifications of court hearings; automatic notifications of the opening of enforcement proceedings; as well as the ability to obtain a certificate of no criminal record – read

The Ministry of Digital Transformation launches beta testing of online registration of place of residence on Diia portal. One can join following the link – it is only necessary to fill a small questionnaire of 4 points – read


Fintech Diversity Radar by findexable – read 

20 richest tech entrepreneurs of Ukraine 2021 by Center 42 – read 

State Of Blockchain Q3’21 Report by CB Insights – read

Enterprise LCAP (Low-Code Application Platforms) Reviews 2021 by Gartner read 

Rise of Deep Tech: AI, Robotics and Advanced Manufacturing by Startup Genome – read

2021 CIO Study: The CIO Revolution by IBM – read 

Sustainability Report 2019-2020 by SoftServe – read

Via  TechUkraine, Bloomberg, Forbes, SpaceNews, TechCrunch, Business Wire, DOU,, SPEKA, AIN,  NV, UBN, The Kyiv Independent

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