TA Ventures injects $1 million in eTachki, Ukraine’s first online auction for used cars

TA Ventures, a major venture fund based in Ukraine but operating globally, has just announced a $1 million investment in local startup eTachki. TA Ventures was the sole investor in the round.

Based in Kyiv (Kiev), eTachki is the first online auction for used cars in Ukraine. After assessement in the company’s offices, cars can be sold “in just 30 minutes” through the auctions. eTachki takes care of the documents while the seller gets the money immediately.

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All iPhone 7 owners in Ukraine are criminals, says head of Ukraine’s fiscal service

Head of Ukraine’s Fiscal Service Roman Nasirov said on Sept. 27 that all the iPhones 7 that are found in Ukraine have been smuggled into the country.

“If you see someone with an iPhone 7, you can tell those people that they are criminals,” Nasirov said at the Cabinet of Ministers’ meeting.

According to him, for the last two weeks, the customs officers have focused on looking particularly for Apple electronics on the border, and especially iPhone 7, their latest smartphone released on Sept. 7.

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The online store of the future to be discussed in Kyiv (Oct. 6)

On October 6, the Ukrainian capital will host the E-commerce Congress 2016, with more than 30 Ukrainian and foreign experts expected to discuss industry trends and practices. The foreign guests will present the “agenda for tomorrow” while domestic speakers will share their experience and expertise in industry standards.

“In 2015 Ecommerce Europe called Ukraine the fastest growing e-commerce market in Europe. In order not to lose the leadership, our players need to move forward with greater speed,” says Irina Kholod, CEO of Ukrainian E-commerce Expert, which organizes the event.

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Robo Wunderkind, a robotics startup with Ukrainian and Kazakhstani roots, raises $500,000 from European investors

Last week Robo Wunderkind, whose robot aims to provide kids with an easy way to learn coding and robotics basics, secured $500,000 from an international consortium of investors.

The round was led by Warsaw-headquartered Arkley VC with participation from angel investor Juergen Habichler as well as Austria Wirtschaftsservice, an Austrian federal development and financing bank for the promotion and financing of companies.

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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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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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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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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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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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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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