Ukrainian Tech Ecosystem Achievements 2021: N1 investment fund

Iryna Supruniuk

1721 posts

Communication Lead, TechUkraine

This was a defining year for Ukrainian tech, plenty of memorable moments: GitLab’s IPO, Grammarly became decacorn, 252 000 tech specialists in Ukraine, new VCs, media, tech educational institutions, global tech moguls hatched audacious deals.

TechUkraine initiated the project “Ukrainian Tech Ecosystem Achievements 2021,” where we share the stories of the prominent stakeholders of the sphere – tech giants, startups, clusters, funds, media, accelerators, celebrating the success of the year and discovering what lies ahead in 2022 and beyond.

Let’s deep dive into some of the most significant achievements-making developments of the year!

N1 investment fund

What are the key achievements of 2021 (Top 3)?

Kept the focus on fintech and did not splash on a bunch of other tempting offers from other industries, formed our own unique approach of how to work with fintech startups;
We started to represent N1 to the world, became a big fintech event partner, and made new investments in new cool startups. We formed a structure of N1 and kept hiring young talented professionals to our team;
We adopted the legal structure to new realities and the volume of investments up to $ 100 million in 2022.

Which challenges were the most impactful during the year?

crypto hype and hype with securities (empty, moneyless trends at the moment)
compliance with regulation in different jurisdictions, not only Ukraine
lack of IT resource in all projects

How will Ukrainian tech be developing? Approach, projections and perspectives for 2022?

Considering that Diia City is being launched, I expect an increase in the presence of global companies in Kyiv, albeit not from the top 10, but they will not be in small numbers. Based on this, the demand for IT specialists will settle down; this will directly cause 2 things: