Posts by Michael Buryk
Last month the Ukrainian online tech resource TechUkraine has released its annual report on the country’s tech sectors.
“While 2020 has been a year of groundbreaking changes, the Ukrainian tech sector has demonstrated its proactivity, flexibility, continued job creation, great kicks off, and investment deals,” believe the authors of the report.
These achievements came as the country experienced the impact of the 2020 global Covid-19 pandemic.
The report highlights the following trends and numbers:
- According to economic data from the National Bank of Ukraine, the country’s IT exports grew by 20.4% in 2020. The sector’s annual export total exceeded $5 billion for the first time. Computer services attained a share of 8.3% of total exports.
- Several global giants entered Ukraine: Apple, Google, Reddit, Spotify and Viber, as well as La French Tech.
- A variety of Ukrainian or Ukrainian-founded startups attracted financing in the country or abroad: thus Restream, Mobalytics, Preply raised $50 million, $11.25 million and $10 million in funding, respectively, while AllRight, ClassTag, DMarket, Liki24.com, Zakaz.ua secured $5 million or more.
The report also lists the mergers and acquisitions involving Ukrainian tech companies, the international awards they received, as well as important government initiatives.
In the first in a series of webcasts produced by the US-Ukraine Foundation, Nataly Veremeeva, Director of TechUkraine, presents the report, “Overview 2020: Ukrainian Tech Ecosystem”, created by Iryna Supruniuk, communication & analyst of TechUkraine.
Article prepared for UADN, kindly provided by Michael Buryk
Ukraine Digital News (UADN) is the first English language international information platform dedicated to the Ukrainian digital and IT industry