Lohika

Altran acquires Ukrainian-Amercian software development firm with “elite engineering teams”

Yesterday Altran announced the acquisition of Lohika, a Silicon Valley-headquartered software development company with Ukrainian roots. The acquisition is expected to be completed in 2016 and is subject to customary closing conditions.

Altran expects this acquisition to increase its revenues in North America by more than 40% by the end of 2016. It will also make the USA the second largest region for the group on a revenue basis.

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Oxy Taxi

Electric car taxi service launched in Kyiv

Electric car retailer Oxygen Group has launched Oxy-Taxi, the first electric car taxi service in Ukraine. The company provides clients with electric taxicabs, and says it will expand its fleet to 50 vehicles over the next three months.

The eventual goal is to have 500 cars, including ones manufactured by U.S. company Tesla Motors, and to make an initial public offering (IPO) in three years, says Oxygen Group and Oxy-Taxi CEO Alexandr Vovk.

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Startup Hub Warsaw

Startup Hub Warsaw invites Ukrainian startups to free acceleration program (application until July 24)

This summer Startup Hub Poland, a major innovation hub for Central and Eastern Europe, will help the most interesting scientific and business projects from the region develop and increase their investment chances in the near future.

Ukrainian startups are cordially invited to take part in this free acceleration program next month in Startup Hub Warsaw. In partnership with such major organizations as Facebook and Orange, this program features comprehensive workshops with the best mentors and industry experts.

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PromoRepublic

Content marketing startup PromoRepublic secures €400,000 and launches in the US market

PromoRepublic, a Finnish startup with Ukrainian roots, has just secured €400,000 from a pool of investors from the two countries. These include Finnish business angels Sampo Parkkinen and Pekka Koskinen, startup accelerator and fund Vendep and government agency Tekes, as well as Ukrainian fund Digital Future.

An initial €100,000 capital injection from Pekka Koskinen, Vendep and Tekes took place in September 2015, PromoRepublic co-founder and CEO Max Pecherskyi told Ukraine Digital News.

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Mastercard

MasterCard launches e-wallet in Ukraine

U.S. multinational financial services corporation MasterCard has launched its digital wallet service, MasterPass, in Ukraine. Ukraine on July 15 became the 32nd country in which the electronic service has been introduced.

MasterPass is an online service that helps users pay electronically with any bankcard or electronic money from one place.

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Thync

US neuroscience startup Thync launches R&D in Ukraine

Last month California-based startup Thync launched an R&D center in Dnipro, a large industrial city in the south-central part of Ukraine (formerly know as Dnipropetrovsk), to develop mobile products, reported Ukrainian tech blog AIN.UA.

Thync’s electronic wearable device stimulates nerves with low-level electrical pulses to change a person’s state of mind. The device works by neurostimulation techniques such as TENS and tDCS, according to the company.

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Ukrainian E-Commerce Expert

Ukrainian e-commerce export still embryonic, but potential exists in 20 foreign markets, believe experts

Last month the Ukrainian capital played host to a major industry conference and exhibition, Cross-border e-commerce export Ukraine 2016.

This one-day event became a meeting point for Ukrainian and foreign e-commerce businesses as well as government representatives. The market’s hottest issues were discussed, including the reform effort expected from the government and the prospects of seeing PayPal make its services fully available at last to Ukrainian users.

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ukraine computer screen

Poroshenko promises IT community better business climate

Meeting with representatives of IT community on July 6, Poroshenko promised his administration would draft legislation to issue special visas for IT specialists to attract more foreign investors and qualified IT professionals to Ukraine’s burgeoning tech sector.

Lithuania’s parliament at the end of June passed a bill on startup visas to attract foreign IT specialists to the Baltic country.

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Digital Future

Digital Future invests in US-Ukrainian startups Attendify and Rallyware

In late June Digital Future, which has asserted itself over the past two years as one of the most active venture investors in Ukraine, announced investment deals with two US-Ukrainian startups.

The first one, KitApps, Inc.. (known as Attendify), received $1.9 million in total from Digital Future and TMT Investments, an LSE-listed fund with Russian backers.

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Madberry

Finnish-Ukrainian startup Madberry secures $1 million from SMRK and Viewster

Madberry, a startup offering advanced advertising solutions for game companies, has raised $1 million from Ukrainian investment fund SMRK and Swedish company Viewster, a global video-on-demand service.

Madberry’s aims to “help mobile game advertisers in acquisition and retention of loyal and paying users on a performance basis.” Its approach combines in-game behaviour patterns knowledge with high-performance media buying technology.

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