Finance Category: Finance

Ukrainian smart voice-recording pendant overreaches its crowdfunding goal in just 36 hours

Senstone, a Ukrainian-designed AI-powered wearable voice recorder, reached its fundraising goal of $50,000 just 36 hours after the launch of its campaign on Kickstarter. It has even been listed among the top 20 most popular projects in all categories.

As of today, Senstone has attracted nearly $63,000 from 677 backers.

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Luxoft acquires Ukrainian software development company IntroPro

Earlier this week Luxoft, a NYSE-listed provider of software development services and innovative solutions and a part of Russia’s IBS Group, announced the acquisition of IntroPro. The details of the transaction have not been disclosed.

Established in 2008, IntroPro is an engineering consultancy that employs development teams in Ukraine to serve essentially clients in North America. Its expertise covers consulting, architectural design, development as well as quality assurance services for enterprise systems and embedded systems (devices) software development.

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BrainBasket Foundation launches crowdfunding campaign for educational program

BrainBasket Foundation, a Ukrainian NGO dedicated to IT education, has launched an Indiegogo crowdfunding campaign with a flexible goal to raise $50,000 for its national education program Technology Nation in two months.

“We want to demonstrate that Ukraine and its potential in IT is a global matter, as the future developments created by our graduates can benefit anyone in the world,” BrainBasket’s PR manager Andrii Petrunia told Ukraine Digital News.

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Ukrainian SoftServe acquires Polish IT company

Earlier this month SoftServe, a major IT outsourcing company headquartered in Lviv (Lvov), Western Ukraine, announced that it has acquired Coders Center, a privately-held enterprise technology firm headquartered in Poland. The terms of the deal remain undisclosed.

“Coders Center brings valuable experience in the implementation of enterprise content management systems, and this acquisition supports SoftServe’s strategy to strengthen our platform and cross-vertical industry expertise,” said Brian Borack, SoftServe’s COO.

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US-Ukrainian cloud computing startup secures $3.5 million from international investor consortium

Last week Sixa, a San Francisco-based startup which has developed developed a “personal computer in the cloud,” closed a $3.5 million round of seed funding.

According to the company’s press service, the round was led by Californian fund Tandem Capital with participation from Ukrainian funds Digital Future and Horizon Capital, Gagarin Capital, a fund with Russian roots, as well as Social Capital, Presence Capital, Rising Tide Fund, and other unnamed investors.

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Ukrainian startup secures $500,000 in the UK to combat pains from bad posture

Ukrainian startup Mevics has attracted $500,000 from UB Tower, a UK-based investment consulting company backing projects from Central and Eastern Europe.

Founded in 2015 by three students from Odessa, Southern Ukraine, Mevics has developed a wearable gadget to “control your posture and take care of your health” and ultimately open “the new age of healthcare.”

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Ukrainian e-design automation startup attracts €1.2 million from EU program

Ukrainian company Polyteda Cloud has attracted €1.2 million in funding from Horizon 2020, the EU’s biggest research and innovation program, which has nearly 80 billion euros of funding available over seven years until 2020.

Polyteda will use the funding to roll the product onto the European market and promote itself on it.

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Finnish-Ukrainian startup crashes Indiegogo’s payment system to make “first-ever crowd-developed computer”

Eve-Tech, a Finnish startup co-founded by a Ukrainian-born entrepreneur, has attracted more than $1.2 million on Indiegogo for its “first-ever crowd-developed computer,” far above its modest crowdfunding goal of $75,000.

The crowdfunding activity was so intense that it crashed the Indiegogo payment processing backend, said Eve-Tech to its thousands of backers: “That’s why some of you had troubles making payment.”

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Ukrainian gadgets seduce Kickstarter crowds

This morning Sence, “the first wearable technology capable of accurately tracking and logging emotional states so you can take action”, had attracted $126,261 from 716 Kickstarter backers – far above its crowdfunding goal of $100,000.

Developed by Planexta, a startup with Ukrainian roots, Sence reflects “the evolution of mindfulness and productivity,” tracking emotions with ECG signals.

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Gaming analytics startup Mobalytics secures $2.6 million

Mobalytics, a startup founded by Ukrainian entrepreneur Bogdan Suchyk, raised a seed round of $2.6 million from Almaz CapitalFounders FundGeneral Catalyst and GGV Capital. The news was reported today by TechCrunch.

The funding comes just two months after Mobalytics won the ‘Startup Battlefield’ of this year’s TechCrunch Disrupt, one of the most important contests in the global startup scene. Mobalytics walked away with $50,000 and the coveted Disrupt Cup.

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