News Category: News

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 Drone.ua. 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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German development fund backs Ukrainian SMBs

Last month, DEG, the German Investment and Development Corporation, announced that it will provide a total of $10 million to the Emerging Europe Growth Fund III (EEGF III) to support Ukrainian SMBs.

The EEGF III fund – whose target size in $150 million – invests into export-oriented industries, in particular in the fields information technology, light manufacturing and food.

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Mastercard launches incubation program for fintech startups in Ukraine

Mastercard has teamed up with 1991 Open Data Incubator, Ukraine’s first incubator for Open Data projects launched in early 2016, and National Bank of Ukraine (the central bank, or NBU) to launch a free incubation program for fintech startups. The program kicks off in October and will last till January 2018.

Dubbed ‘Fintech Master,’ the initiative aims to develop innovative fintech solutions based on open data provided by a variety of financial institutions, including the NBU, and Mastercard’s technological solutions.

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Google rolls out flight booking search service in Ukraine

Google has rolled out its web service for searching for and booking airline flights in Ukraine. Called Google Flights, the service was available to Ukrainians before on Google’s main site, but starting from Sept. 6 the U.S. tech giant launched it on the Ukrainian domain “.com.ua” offering an interface in Ukrainian and prices in hryvnias, the country’s national currency.

The online flight booking search service supports the purchase of airline tickets through third-party suppliers.

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Ukrainian-US startup creates smartmount for smartphones, crowdfunds $125,000

A Ukrainian-American startup has created a smartmount for hands-off control of smartphones, and crowdfunded $125,000 on Kickstarter to develop it, while pitching for only $40,000.

Called QLYX, the company is developing a contraption that sticks to any surface, and can itself hold a smartphone with a magnet, allowing users hands-off control of the apps on their device.

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AVentures Capital invests in Spinbackup to “change the paradigm of data security”

AVentures Capital, a major early stage venture capital fund based in Ukraine, has just announced a $500,000 investment in Spinbackup, startup which has developed a cloud data protection technology.

Based in California with R&D offices in Ukraine (Kyiv and Odessa), Spinbackup was co-founded in 2014 by Dmitry Dontsov, a US serial entrepreneur with Eastern European roots. The startup presents itself as “a premier cloud-to-cloud backup and cloud cybersecurity solutions provider” for G Suite and Office 365.

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Mail.Ru Group has lost 1.5% of its annual revenue after being banned in Ukraine

In its unaudited IFRS results made public last month, Mail.Ru Group, a leading LSE-listed Russian Internet group, has estimated “the negative effect of the blocking of its services in Ukraine in Q2 is around 1.5% of total revenues in 2017.”

In mid-May, Ukrainian President Petro Poroshenko signed a decree applying sanctions to 468 legal entities and 1,228 individuals from Russia.

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Ukrainian startup raises over $10 million through ICO to “match the virtual and real economies”

The Ukrainian startup DMarket, which presents itself as the first global marketplace for in-game content, raised almost $11 million, bonus tokens excluded, in just four days through an ICO (Initial Coin Offering) launched in mid-August.

The first million was secured just 17 minutes after the launch of the public token sale, reports Ukrainian tech blog AIN.UA based on its exchanges with the startup.

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Beautiful Ukrainian mechanical models attract undreamt amounts via Kickstarter

Ugears, a Ukrainian startup offering wooden 3D puzzles for adults and kids, has raised nearly $300,000 from 2,954 Kickstarter backers – far above its crowdfunding goal of $15,000.

The funding will be used to finance Ugears’ new model Hurdy-Gurdy, which is presented as “the world’s first mechanical musical model for self-assembly and play.” In addition, the backers have supported the manufacturing of two other Ugears’ models – a date navigator and treasure box.

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Russian hackers used made-in-Ukraine malware for DNC cyberattack last year

A Ukrainian hacker known as ‘Profexer’ turned himself in early this year and has now become a witness for the FBI, The New York Times wrote today based on reports from the Ukrainian police.

Profexer’s malware was allegedly involved in the DNC hacking during the US presidential campaign — which Washington believes was orchestrated by the Russian intelligence service — even though there is no evidence that Profexer worked knowingly for Russia.

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