Startups Category: Startups

US-Ukrainian Grammarly secures $110 million from top international investors

Grammarly, a San Francisco-based startup with Ukrainian roots,  has just raised $110 million in growth equity funding at an undisclosed valuation. The round was led by General Catalyst with participation from Breyer Capital, IVP, SignalFire, and Spark Capital.

The company was founded in 2009 by Kyiv natives Aleksey Shevchenko and Maksim Litvin. Its AI-powered software helps people improve writing, monitoring errors in grammar and syntax, as well as incorrect speech constructions in real time.

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Interactive toys, cardio device and audio transmitter honored at Vernadsky Challenge

In late April the third edition of international engineering startup competition Vernadsky Challenge was held in Dnipro (a city of central Ukraine formerly known as Dnipropetrovsk).

Out of 230 applicants, ten projects were selected as finalists. The four most promising projects shared two million hryvnias in grants (roughly $75,000 at the current exchange rate).

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Ukrainian startup aims to revolutionize sport facility booking across the world

A team from Dnipro, a city of Central Ukraine formerly known as Dnipropetrovsk, has created “first global booking platform for sport facilities and sport teams.”

Dubbed Smartsport, the platform covers a variety of disciplines (including swimming, water polo, weightlifting, gymnastics, martial arts, tennis, and football), with 500 sport facilities made available in almost 20 countries, mostly in Europe.

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Startup investment in Central and Eastern Europe: A ground-breaking research

Already recognized for their engineering excellence, several countries of Central and Eastern Europe (CEE) are now emerging on the global startup scene.

Thus for the past couple of years Belarus, Estonia, Russia, Ukraine and some other countries of the region have seen their local companies assert themselves on the international market, raise considerable funding and/or be acquired by global companies.

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Ukrainian-British startup Poptop raises £120,000 to expand in the UK

Newcastle-based Poptop.fm has secured £100,000 from the Finance for Business North East Proof of Concept Fund, which is managed by Northstar Ventures. An additional £20,000 came from an undisclosed angel investor.

Presenting itself as “an international event concierge service,” the startup offers a range of services including “music entertainment, catering, decoration, photography and event planning,” to name a few.

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Noosphere Ventures acquires US video solutions startup Waywire

Noosphere Ventures, a California-based venture fund with Ukrainian connections, has just announced that it has purchased assets of the US startup Waywire. The amount of the deal remains undisclosed.

Based in New York, the startup is a major provider of cloud-based video curation solutions to online publishing, non-profit, community and ad network markets.

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US machine learning startup with Ukrainian R&D raises $54 million

DataRobot, a machine learning platform that helps enterprises build predictive models at speed, has raised $54 million in a Series C funding round led by existing investor New Enterprise Associates (NEA), reports VentureBeat.

The company has an R&D office in Kyiv (Kiev), with up to 200 employees working there, according to DOU.UA, an authoritative local industry resource.

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Ukrainian startup Ugears sells eco-toys in 80 countries

When the first wooden mechanical models created by Ukrainian startup Ugears went on sale, they were an immediate hit with adult model-makers all over the world, while their “little helpers” could only watch.

But now kids from the age of five can take up the absorbing hobby of modeling, with a range of Ugears’ wooden models designed for kids now available.

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Ukrainian smart blinds track the sun to generate electricity

SolarGaps, which has designed “the world’s first solar smart blinds,” is among CB Insights’ list of 92 renewable energy companies outside the US that have raised equity funds since 2015. It is the only startup from Central and Eastern Europe featured in the listing.

The review covers residential, commercial, and utility-scale renewable projects, as well as renewable-powered consumer products. Only equity deals and convertible notes are included.

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Petcube launches livestream on Facebook, wins Emma Watson’s heart

The US-Ukrainian startup Petcube, which offers an interactive device to keep people connected with their pets, has just announced a new feature in the latest version of its app.

Thanks to this app, iPhone users can now broadcast their pets live on Facebook. Petcube is the first HD pet camera to do so, says the company. The Android-powered app will be upgraded soon.

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