Despite the ongoing conflict in the region, international VCs are more interested than ever in CEE startups
- The war in Ukraine hasn’t dampened VCs’ interest in central and eastern Europe. Investment is up in the region in the first half of this year, compared to the first half of 2021 — up from $1.4bn to $3.2bn.
- Monte Davis, Demium’s CEO: “The war affected our plan, not our commitment.”
- Iryna Supruniuk, communication lead at TechUkraine: “It’s a really hard time for Ukrainian startups but founders and teams keep working, demonstrate resilience, strive to scale up and become better.”
- Cem Sertoglu, a partner at the Earlybird Venture Capital’s Digital East Fund: “The resilience of the Ukrainian tech industry was mind-blowing. This is a testament to the quality and the work ethic of the talent in the region.“
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Support Ukraine!
Come Back Alive is one of the largest charitable foundations that supports Ukrainian soldiers, founded by the IT specialist Vitaliy Deynega. The organization collected more than 210 million UAH (more than $7M) in 2014. According to Na chasi, the Patreon page Come Back Alive is in the top ten projects by the number of financial donations.
There are several other organizations to support:
- MacPaw Development Fund
- Army SOS, which develops drones;
- Everybody Can, an organization that supports internally displaced people;
- Help on the Ministry of Defense website.