Ukrainian EdTech company Headway is in the list of 50 best European startups in 2023. Its capitalization could reach $1 billion over the next two years, according to a report by Titans of Tech.
About Startup
The idea of Headway app belongs to financial analyst Anton Pavlovsky. In 2014, he got a job at Genesis as a product analyst, and later he became a SRO. In 2019, Pavlovsky launched a service with condensed book transfers, — according to Forbes Ukraine.
Startup investment is less than $5 million, Vitaliy Laptenok, a leading partner of the Flyer One Ventures fund, told Forbes. The company accounts for 50% of downloads in the United States. The top countries also include Great Britain – about 10%, Australia and Canada. In 2022, IT exports of Ukraine increased by 5%, 77% of techno-businesses work with global clients, 65% did not reduce employees, analysts indicate.
Key Points
- Founded in 2019, Ukrainian startup Headway creates microlearning products. The company grew from three to over 170 team members and opened offices in Kyiv, Warsaw, Nicosia, and London.
- The company’s flagship is the Headway application of the same name with condensed book transfers. In 2023, it was App of the Day in the US four times a row and was awarded Editor’s Choice by the Apple Store.
- The report analyzed over 100 European startups that can reach a capitalization of $1 billion in two years. Headway made it into the top 30 of the rating.
- Only businesses founded no earlier than 2000 that have already attracted at least $20 million in investment or are valued at more than $400 million were considered for the list. The company’s headquarters must be located in Europe or Israel.
