Ukraine Europe UA/EU

Ukrainian bank to lend €50 million to innovative SMBs with EU backing

Last week the European Investment Fund (EIF), a EU-backed organization supporting small and mid-sized businesses across the continent, announced a partnership with Ukraine’s ProCredit Bank to bring financial support to Ukrainian innovative SMBs and mid-caps.

The agreement is supported by the guarantee facility of InnovFin – EU finance for Innovators, with the financial backing of the European Union under the Horizon 2020 funding program.

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Allset

Ukrainian-founded Allset secures $2.35 million from Ukrainian and American investors

Earlier this week Allset, a mobile app helping restaurants cut dining time in half by allowing customers to pre-order their meals, has secured a $2.35 million seed round.

The roud was led by New York-based venture capital firm Metamorphic Ventures with participation from Andreessen Horowitz and FJ Labs as well as previous investors Alexander Chernyak, a startup entrepreneur operating in the USA, Russia and Ukraine, and Andriy Dovzhenko from Kyiv (Kiev)-based SMRK VC Fund.

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Academia - students - education

Multimillionaire builds IT school of the future in Kyiv

Multimillionaire Vasyl Khmelnytsky, 50, couldn’t even wait for the construction workers to finish the new IT school that he’s building in the northwest part of Kyiv.

Reflecting the fast pace of the IT industry, Khmelnytsky went ahead and opened the first classroom in the semi-constructed building in August. Today — two months before opening, — 300 applicants are sitting in the large classroom, taking tests to get into the school, with construction work still going on in the building around them.

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GitLab

Open-source software startup with Ukrainian roots raises $20 million in Silicon Valley

Last week GitLab Inc., an open-source software startup founded by Ukrainian entrepreneur Dmitry Zaporozhets, announced that it raised $20 million from US investors August Capital, Khosla Ventures, and Y Combinator. This Series B round follows a previous fund raising operation in September 2015.

GitLab’s set of tools allow people to collaborate on all digital content more effectively, scaling projects across functional groups, collaborating in real-time and more easily managing workflows and version control.

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Mobalytics + TC Disrupt

Ukrainian game analytics startup Mobalytics wins TechCrunch Disrupt

Mobalytics, a startup founded by Ukrainian entrepreneur Bogdan Suchyk, has just won the ‘Startup Battlefield’ of this year’s TechCrunch Disrupt, one of the most important contests in the global startup scene. Mobalytics has walked away with $50,000 and the coveted Disrupt Cup.

Mobalytics defines itself as “the first personal performance analytics and improvement tools for competitive gamers.” The platform analyzes players’ in-game, physical and mental performance, helps them define their weaknesses and strengths, and provides them with personalized advice to improve their game.

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WNISEF

US government fund WNISEF to invest $5 million in Ukrainian IT startups

Western NIS Enterprise Fund (WNISEF), a $150 million regional private equity fund backed by USAID to invest in Ukraine and Moldova, intends to inject at least $5 million in Ukrainian IT startups.

“We have been authorized to launch a new fund to support startups in the IT sector,” WNISEF President and CEO Jaroslawa Johnson was quoted by Interfax as saying.

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Data Group

Horizon Capital becomes majority shareholder in Ukrainian telecom operator

Last week Horizon Capital, a Kyiv (Kiev)-based private equity fund manager, announced that it had increased its stake in Datagroup, a major Ukrainian independent telecom operator, from significant minority to over 70%. Horizon Capital will assume operational control of the company.

When contacted by Ukraine Digital News, the fund declined to disclose any further details.

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seedstars

Global contest Seedstars to showcase the best Ukrainian startups

Ukrainian startups will take part in Seedstars Ukraine, a nationwide competition, which will be held subsequently in Kyiv (Kiev) (September 15) and in Dnipro (formerly known as Dnipropetrovsk) (September 29).

The event already took place in Odessa on September 10.

The final race for regional winners will be held on October 7 in Kyiv (Kiev).

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AdMob Student Challenge by Google

Ukrainian students win Google app challenge

On August 30, Ukrainian developer team Turbo Rocket Games won Google’s 2016 AdMob Student App Challenge with its online animal simulator game Dragon Sim Online.

The winning team consists of just four members — Vladimir Duchenchuk, Serhii Dotsenko, Yaroslava Girilishena and Iliya Bakurov, — who are students or graduates from National University of Kyiv-Mohyla Academy.

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Lviv IT Arena

Lviv IT event to focus on international IT issues and showcase Ukrainian startups (Sept. 30-Oct. 2)

One the best IT events in the country, Lviv IT Arena 2016 will hold its third edition on September 30 – October 2 in the western Ukrainian city of Lviv (Lvov). The conference will bring together more than 2,500 tech lovers from Ukraine and Eastern Europe.

Unlike the previous editions, this year the majority of speakers will represent western markets and businesses. The conference will be held in English.

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