The day Russia invaded Ukraine, Ivan Kaunov watched from his 23rd-floor Kyiv apartment in disbelief as rockets came down on his city. He was 30, married, and running a fintech startup that was seeing remarkable traction. The scion of a Kyivan family that had gotten wealthy on construction and IT,
The New York-based global entrepreneur network Endeavor has opened its first office in Ukraine, signaling confidence in the country’s business potential.
Editor’s note: This article is part of a series of profiles highlighting successful Ukrainian startups and businesses. The series is funded by the regional investment fund Ukraine-Moldova American Enterprise Fund (UMAEF) and created in partnership with Spend With Ukraine, a non-profit organization that launched a platform to showcase businesses
Ukraine has become a hotbed of defense innovation, as Russia’s deadly invasion fuels a rapid development of new battlefield technologies. Kyiv now aims to become a global leader in the defense sector, but with its economy drained by the war, it needs foreign investment to accomplish its goal. Ukraine
The following is the Sept. 25, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. Kyiv’s iconic “Hotel Ukraina,” located on the city’s central Independence Square, also known as Maidan Nezalezhnosti,
Editor’s note: This article is part of a series of profiles highlighting successful Ukrainian startups and businesses. The series is funded by the regional investment fund Ukraine-Moldova American Enterprise Fund (UMAEF) and created in partnership with Spend With Ukraine, a non-profit organization that launched a platform to showcase businesses
The following is the Aug. 6, 2024 edition of our Ukraine Business Roundup weekly newsletter. This version is condensed as the author was out of the office. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. It was the night before Alyona
It was the night before Alyona Mysko’s birthday when she got the word from her financial manager. The founder of software company Fuel that provides financial planning for startups, Mysko was, she says, still working at home in Kyiv well into the night of July 22 when she learned
Editor’s note: This article is part of a series of profiles highlighting successful Ukrainian startups and businesses. The series is funded by the regional investment fund Ukraine-Moldova American Enterprise Fund (UMAEF) and created in partnership with Spend With Ukraine, a non-profit organization that launched a platform to showcase businesses
Spanish food delivery service Glovo has signed an acquisition deal with the Ukraine-based grocery delivery service Zakaz.ua, Ukrainian tech media Ain.ua reported on Jan. 21. The companies didn't disclose the acquisition cost, but according to experts' estimates, the negotiations could have started at $15-20 million and shouldn't have
The U.S. cellphone chip manufacturer Qualcomm has acquired Ukraine-founded startup Augmented Pixels for an undisclosed amount, Forbes Ukraine reported on Jan. 15. Augmented Pixels, founded by Ukrainian Vitaliy Goncharuk, develops virtual and augmented reality software. The company hasn't yet published an official statement about the acquisition, but it changed
President Volodymyr Zelensky on Dec. 18 signed a bill creating a special taxation system for tech firms. Bill №5676, approved by the parliament on Dec. 14, is the second of three laws that are necessary to create the Diia City system. Diia City is a collection of tax, employment and
Ukrainian startup Awesomic has attracted $2 million of investment to grow its service, which matches web designers with online businesses, according to its co-founder Stacy Pavlyshyna. Awesomic wants to use the money to expand its team to 50 people and attract more designers to its website. Among the company's investors
