Startups Category: Startups

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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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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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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Ukrainian MacPaw acquires Finnish archive extractor The Unarchiver

MacPaw, a Kyiv (Kiev)-based Mac software development company serving more than five million customers worldwide, has bought the file unpacker for Mac users The Unarchiver. The terms of the deal, which was announced earlier this week, have remained undisclosed.

With millions of clients around the world, the Finnish app claims to be among the top apps in the App Store.

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PassivDom 3D prints smart homes that run off-grid on solar power

Imagine being able to buy a house, have it built on any piece of land you have access to, and then moving in — all in one day. The house generates its own power from solar panels on the roof, comes with in-built, off-the-grid sewage and plumbing, has its own climate control system that keeps it at just the right temperature year-round, and it’s built of non-corrosive, recyclable materials guaranteed to last at least 40 years.

On top of all that — many of the parts of the house are created by a 3D printer.

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Kyivstar displays its “innovative DNA” with 2nd startup acceleration program

Telecom-accelerator 2.0, a joint project by Ukrainian technological cluster Radar Tech and major telco Kyivstar, announced the start of its second acceleration program for Ukrainian startups earlier this month.

Eleven startups have been selected out of 34 applications to participate in the project.

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Ukrainian-American Kitcast raises $500,000 to create “the data-driven future
 of digital signage”

Kitcast, a US-based startup with Ukrainian roots, has just secured $500,000 from Ukrainian investment fund SMRK, as confirmed to Ukraine Digital News by the company’s CEO Egor Belenkov.

Kitcast’s digital signage application for AppleTV uses machine learning algorithms to help its users “create and deliver smart content to any screen” with no need to use bulky and expensive hardware. The app makes sure that the right content is shown to the right people, which “increases your sales, brand awareness, and customer engagement,” the startup claims on its website.

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Ukrainian Eda.ua merges with Baltic Foodout: The Eastern-European food delivery leader consolidates

Last week Chernovetskyi Investment Group (CIG), a Ukrainian investment company, announced that its portfolio company Eda.ua has merged with Foodout, a major food delivery player operating in Baltics.

The deal between CIG and Foodout’s investor, the Gold Fish fund, has resulted in the creation of Foodout Group.

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Fintech startup born in Ukraine and raised in Singapore closes series A round

Fintech startup Turnkey Lender has raised an undisclosed amount from  Palo Alto-based Vertex Ventures, reports TechinAsia. Turnkey Lender gives financial services providers a cloud-based solution for managing the loans that they give to their clients and customers. It uses machine learning technology to analyze and assess loan applicants.

Launched in Ukraine by Elena Ionenko and co-founder Dmitry Voronenko back in September 2013, the startup later moved its headquarters to Brussels and secured a client base from across Europe.

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