Beetroot - Ukraine Digital News

Swedish-Ukrainian IT company shows the way to “sustainable software development”

July 7, 2021

Beetroot, a Swedish IT service company that builds teams of tech experts in Ukraine, has just released a report on the “critical role” of sustainability in its operations — offering an example of how an IT company may put sustainable development principles into practice. The report identifies some of the ways the company has contributed …

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American Cprime acquires Ukrainian IT service firm Archer Software

November 16, 2020

A new acquisition was announced last month on the thriving Ukrainian IT service scene. US company Cprime bought Archer Software, a Ukrainian tech consulting and custom software development firm with offices in Dnipro, Kyiv (Kiev) and New York. The terms of the deal were not disclosed, but industry insider Vitaly Gorovy told Ukrainian tech blog AIN.UA that Archer …

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Small round but big ambitions for Ukrainian HR tech startup Skyworker

April 22, 2020

The Ukrainian startup Skyworker has just raised an initial round of funding, as reported by the local tech blog AIN.UA. The deal might not be considerable by its amount (undisclosed), if judging by the $1.5 million valuation – but it is worth of notice given the track record of the startup and the investor. Skyworker was founded just one …

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Report: Ukraine-born startups raised more than half a billion USD in 2019

March 12, 2020

In 2019, the VC/PE funding volume for Ukrainian and Ukrainian-founded tech startups reached $544 million (up from $323 million in 2018 and $265 million in 2017), says AVentures Capital’s latest industry report, “DealBook of Ukraine.” Annual early-stage funding for Ukraine-born tech companies The performance was mostly due to a few large rounds involving companies with Ukrainian roots having …

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Mergers and acquisitions in Ukraine’s IT outsourcing market

December 10, 2019

The recent weeks saw several M&A deals on the thriving Ukrainian IT service scene, driving some market consolidation. Thus InSoft Software, a company launched earlier this year by Ukrainian investment firms InSoft Partners and UFuture, increased its stake in Rozdoum (Kharkiv) and bought a controlling stake in Rademade (Kyiv). As reported by local tech blog …

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Swedish government provides $1.7 million to open IT schools across Ukraine

July 11, 2018

Sweden has partnered with Swedish-Ukrainian non-profit Beetroot Academy to spread information technology schools across Ukraine, according to the Embassy of Sweden in Kyiv. The agreement foresees a three-year program to foster Beetroot Academy to double their current number of IT schools to a total of 20 locations across the country, which will “help the development …

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Swedish IT firms find “great range of opportunities” in Ukraine, but legislation and tax structure still “need to improve”

June 16, 2016

Whether it’s two Swedes who want to start a small information technology company, or a huge Swedish multinational company looking to open research and development center, Ukraine has proven to be a good fit for both types. In fact, a total of six IT companies either originally from Sweden or with Swedish investments have been …

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Swedish-Ukrainian company finds IT education lights path to growth

May 20, 2016

Andreas Flodström and Gustav Henman, two young Swedish entrepreneurs, came to Ukraine in September 2012 knowing “OK Russian” and with the shared goal of setting up a business in Eastern Europe “from scratch.” That same year they set up a software development company in Poltava, a provincial capital of 290,000 people some 350 kilometers east …

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Swedish IT staffing company opens website development training center in Poltava

September 26, 2014

Beetroot, a Swedish information technology staffing company, on Sept. 19 opened an academy in Poltava to train website developers on the WordPress platform. Twelve students will undergo a three-month course after which they will be fully employable within Ukraine’s expanding IT sector, reads the company news release. Called Beetroot Academy, the frontend developer center is supported by the …

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