Ukrainian startups have raised over $300 mln in investment over past year

Ukrainian startups have raised over $300 mln in investment over past year

Over the past year, the venture capital investments in Ukrainian IT companies have totaled $336.9 million.

An average amount received exceeded one million dollars, 24 news channel reports.

According to the Ukrainian Venture Capital and Private Equity (UVCA) Overview 2018, the number of successful investment operations has grown from 85 to 115.

Almost a third of the total investment was attracted by GitLab, founded by Kharkiv resident Dmytro Zaporozhets. In September, a startup raised $100 million in investment from Iconiq Capital. As a result of the transaction, the company became a “unicorn” as its valuation exceeded $1 billion. In December, financial conglomerate Goldman Sachs also made an investment in GitLab.

The overview shows that online services and software companies occupy leading positions on the number of transactions. At the same time, hardware and software companies have attracted the biggest investment.

Top 10 deals of 2018, according to UVCA:

Gitlab – $100 million;

BitFury – $80 million; – $30 million;

GitLab – $20 million;

YayPay – $8.4 million;

DreamTeam – $5 million;

Restream - $4.5 million;

Busfor – $4 million;

Preply – $4 million;

Spinbackup – $1.5 million.


While citing and using any materials on the Internet, links to the website not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website and the website of a foreign media outlet. Materials marked as "Advertisement" or with a disclaimer reading "The material has been posted in accordance with Part 3 of Article 9 of the Law of Ukraine "On Advertising" No. 270/96-VR of July 3, 1996 and the Law of Ukraine "On the Media" No. 2849-Х of March 31, 2023 and on the basis of an agreement/invoice.

© 2015-2024 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period: