Software startup with Ukrainian roots raises $20 million round led by GV

Last week GitLab, a San Francisco-based open-source software startup founded by Ukrainian entrepreneur Dmitry Zaporozhets, announced the completion of a $20 million Series C round led by GV, formerly known as Google Ventures.

The capital injection follows a $20 million Series B round from US investors August Capital, Khosla Ventures, and Y Combinator raised in September 2016.

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Electric cars gain traction in Ukraine

During the first nine months of this year, Ukrainians registered 3,068 eco-friendly cars, up from 2,593 cars in 2016, reports local online publication, citing government data. These include both electric (1.354) and hybrid (1,714) cars.

Nissan Leaf, BMW i3 and Ford Focus are the most popular car models among Ukrainians, says the publication.

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Ukrainian NGO launches IT education program for Ukrainian teachers

BrainBasket Foundation, a Ukrainian NGO dedicated to IT education, has announced a new venture — a nationwide social education project to retrain school teachers of computer science for free and turn them into “agents of change.” The project will kick off this month.

The teachers will study, in particular, HTML/CSS and website-development. They will receive a monetary reward from the Foundation.

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A startup with Ukrainian roots raises $2.8 million to reign on US online long-term rental market

A bevy of international venture funds and business angels from eleven countries have just invested $2.8 million in Rentberry, a San Francisco-headquartered startup with Ukrainian roots.

The transaction, which was announced on Oct. 5 by the startup, follows last year’s $1.2 million seed round, bringing the total capital amount raised so far by the startup to $4 million.

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Ukrainian parliament prepares bill to regulate cryptocurrencies

Ukraine’s parliamentary committee on financial policy and banking has started developing a bill that would regulate cryptocurrency turnover, the committee’s head Sergei Rybalka announced on his Facebook account.

The Deputy Head of Ukraine’s National Bank Oleg Churiy had recently stated that the regulator does not consider bitcoin and other cryptocurrencies a currency.

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Ukrainian drone maker aims to protect American crops “with 600% return on investment”

Earlier this month Kray Technologies, a US-headquartered startup with Ukrainian roots, secured an undisclosed amount of funding, as confirmed to Ukraine Digital News by Andrey Dashkiev, COO of the company.

The funding came from Ukrainian investment company Chernovetskyi Investment Group (CIG) and three individual investors, including Ruslan Savchyshyn.

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Global contest Seedstars to showcase Ukraine’s best startups

A variety of Ukrainian startups will take part in Seedstars Ukraine, a nationwide competition, which will be held subsequently in Lviv (Lvov) (September 29-30), Odessa (October 7) and Kyiv (Kiev) (October 13).

The final race for regional winners (four best startups per city) will be held on December 7 in Kyiv (Kiev).

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US-Ukrainian startup raises $5.3 million to automate SMB back-office finance operations

Last week YayPay, a San Francisco-based fintech startup with Ukrainian roots, announced the completion of a $5.3 million round of funding.

The round was led by QED Investors along with co-investors Birchmere and Fifth Third Capital, the direct equity investment subsidiary of Fifth Third Bancorp, with support from 500 Fintech Fund, Aspect Ventures, Gaingels, Techstars, 408 Ventures and Zelkova.

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EU and EBRD start €1 million program to support Ukrainian clean energy projects

Six Ukrainian companies have been chosen as recipients of Climate Innovation Vouchers (CIVs), a new mechanism aimed at the development and improvement of technologies reducing greenhouse gas (GHG) emissions and improving energy consumption in Ukraine.

Businesses and consultancies from Kiev, Dnipro and Lviv will receive vouchers worth €160,000 in total for innovations ranging from the introduction of new construction materials to the application of modern billing systems.

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This Ukrainian startup wants to help you eat healthy

Some cool food startups are now emerging from Ukraine – a country which has been traditionally known as the farming superpower of Eastern Europe.

Recently we reported on AgriEye and The previous offers a full-cycle land farming solution; the latter is an integrator of unmanned technologies which aims to become the largest provider of drone services for agriculture in the country.

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