Despite the full-scale aggression, Ukrainian startups manage to attract capital.
UBN announces, that Ukrainian AI startup Harmix has raised $500,000 from Canadian investors. Harmix is a Ukrainian service based on artificial intelligence that automatically selects music for videos. In addition, the American company Vast, which plans to build a private space station in Earth orbit, bought the startup Launcher. The Launcher engineering team and its chief designer Ihor Nikishchenko are Ukrainians. Moreover, the American company ZenBusiness, valued at $1.7B, bought Ukrainian Logaster, which developed an online logo designer.
Tech.eu is giving an overview of 10 startups, that attracted biggest amount of funding since February 24, 2022, among them: Preply, Spin Technology, Releaf Paper, Tera Monada, My NFT Wars, Fairo, Kolibrio, Zibra AI, Deus Robotics and Fuelfinance:
These are the most vivid ones, there are more. The most recent deal was made by the Ukrainian startup Finmap, that yesterday secured €1M Funding round from US/Polish VC SMOK Ventures, while co-founder is fighting on the frontline.
What is more important, more and more investors are starting to watch closely the Ukrainian startup market. Tech.eu is giving some examples:
- FfVC, a Polish-American VC firm, launched a new €50m fund targeted solely at Ukrainian founders.
- Polish Inovo VC creates a new €100 million fund focusing on Ukrainian startups.
- Demium Capital launched a new fund focused on CEE and Ukrainian Startups.
- Flashpoint raised a $75 million fund with a focus on Ukraine.
- In September, Ukrainian private-equity firm Horizon Capital announced the launch of the $125 million Horizon Capital Growth Fund IV, LP, to back visionary entrepreneurs from Ukraine and Moldova.
- In June, the European Innovation Council (EIC) announced € 20 million in grants to at least 200 Ukrainian deep-tech startups.
- Seasoned tech entrepreneurs Andriy Fedoriv, Volodymyr Popereshnyuk, and Vyacheslav Klymov founded a new Ukrainian Venture Capital company Vesna Capital, in July 2022.
- GR Capital’s second fund raised €30 million in November.
- Ukrainian Phoenix Fund has a €50 million budget to invest in innovative domestic startups.
- Google for startups kicked off a dedicated Ukraine fund.
If you want to join this trend, here are some promising Ukrainian startups to watch.
Via UBN and Tech.EU
