Recent loud investments in Ukrainian startups

An overview of recent investments in Ukrainian startups.

British-Ukrainian startup Carmoola has raised £103.5 million, TECH.EU

London-based neo-car finance startup Carmoola has raised £8.5 million in a Series A funding round. This round is also accompanied by a £95 million debt facility. According to the company, the new capital will be used to scale operations and support the rapid growth in the number of customers. In addition, the startup plans to increase its team to 20 people to meet the demand of the audience.

Ukrainian Deus Robotics secures $1.5M seed round funding from SMRK VC, Ain

Deus Robotics, a Ukrainian startup specializing in warehouse robotics engineering and software development, announced that it has raised $1.5 million in seed funding from SMRK VC. The investment will help the company attract new customers in the US and Europe and expand its line of robotic warehouse solutions.

The SMRK is a Ukrainian venture capital fund established in 2013. The fund focuses on the Seed to Series B stages. It provides $500K – $1.5M checks to startups with a clear connection to Ukraine and a high potential to bring positive economic, social, and environmental impact.

Ukrainian startup Harmix raises $500k from Canadian investors, VCTR.MEDIA

Harmix is a Ukrainian service based on artificial intelligence. It automatically selects appropriate music for videos. To do this, the software analyzes objects, moods, activities, and video dynamics. The Harmix team was part of the Ukrainian delegation at the TechCrunch Disrupt 2022 conference in San Francisco. Today, Harmix announced that it has raised $500,000. The company said it could not disclose the investors. However, they said it was an international fund.

The team continues to improve the MVP and explore the B2B market. Currently, the startup is expanding its team and is looking for ML Engineer, Data Analyst, Data Engineer, Python Developer, and UI/UX designer.

Sigma Software Labs invests in GeekPay, a digital currency payment tracking platform. 

GeekPay has every chance to become a leader in the payment space. GeekPay is planning to expand its platform, integrate with more virtual currency networks, and explore partnerships with other blockchain projects. The company intends to make a big impact on the payments industry.

To gain more traction, the GeekPay team is working on an aggressive campaign to onboard more early adopters to the platform. They are actively working with their existing clients to gather feedback and improve the platform’s features to meet the needs of businesses. Currently, five companies are already using the platform and over 40 more companies are in the pipeline.

Ukrainian InSoft Partners acquires a stake in Forbytes and undergoes a model change. 

InSoft Partners acquires a stake in Forbytes and undergoes a model change, according to the publication of Аin

Since the start of the full-scale war, the vast majority of Ukrainian investors stopped investing in Ukrainian IT companies. Vitaliy Horovyi’s InSoft Partners was one of the three who actively remained in the market. Today, the company informed AIN. Capital about the purchase of a stake in the outsourcing company Forbytes.

Now from an investment management company, InSoft Partners has transformed into a Software Development Holding.


Read more about Ukrainian startups that are conquering the world DressX, a Ukrainian women-owned company, raised $15 million

Source: the digest by Iryna Supruniuk 


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