The DealBook is our annual overview of the Ukrainian tech investment industry. This edition comprehensively covers the full year 2023 and the first deals of 2024.
Recognition of EC certificatesfor medical devices and IVDs in Ukraine. Maksy...
Technical regulations in Ukraine: where we are now and how we got there. National legislation: Technical regulations and other legal acts. Authorized representative in Ukraine. Language and labeling requirements. Conformity assessment bodies and international standards. Conformity assessment procedures. What problems can be solved by recognition. Legal requirements for recognition in details. List of notified bodies signed Agreements with UA CABs.
Step-by-step process. What should be considered prior to apply for recognition. Impact of changes in EU to UA certificate. Changes and renewals. Post-marketing activities. Other Technical regulations. Market supervision.
Report Painter is a visual report development tool in SAP that offers most of the functionality of Report Writer but is easier to use. It allows creating reports from Special Purpose Ledger and other application components. Reports are defined graphically through rows and columns. When executed, Report Painter reports are converted to Report Writer format. The tool can meet many reporting needs, but some advanced Report Writer functions are not available in Report Painter.
This document discusses how to configure a bill of materials (BOM) item as a variant material in SAP. It describes setting up a material called CYCLE as a configurable BOM item with characteristics like CYCLETYRES and CYCLEMODEL. It also covers creating a variant class, defining characteristic values and dependencies, building a configuration profile, and establishing variant conditions to control which sub-items are included based on the characteristic combinations selected. Finally, it shows how to create a sales order for the configured CYCLE material and have its BOM explode with the correct sub-items based on the variant condition rules.
1. The document discusses various sales order and distribution related concepts in SAP SD including drop shipments, sales areas, picking locations, customization vs configuration, shipping points, smart forms, sales document structure, plant determination, billing without delivery, sales deals, pricing date, account groups, item categories, project IMG, extending materials and customers to other sales areas, multiple deliveries, EDI usage, copy controls, schedule line categories, blocking sales documents, reconciliation vs normal accounts, access sequences, types of free goods, the 16 steps in a pricing procedure, differences between plants and storage locations, the sales order cycle, and the relationship between sales organizations and company codes.
2. It also provides explanations for concepts
This document provides interview questions related to SAP MM projects and technical skills. For projects, it asks about the applicant's skills, project experience including system landscape, customizing, and issues faced. For technical skills, it asks questions about procurement documents, stock transfers, special stocks, reservations, contracts, scheduling agreements, quota arrangements, and posting periods.
This document provides instructions for calibrating equipment using SAP PM. It outlines 6 key steps: 1) Checking for task lists, 2) Changing maintenance plans, 3) Scheduling plans, 4) Viewing schedules, 5) Viewing order details, and 6) Recording inspection lot results. Transaction codes and navigation paths are provided for each step to guide users through the calibration process in SAP PM.
1) The Material Ledger is now mandatory in S/4HANA and is used to maintain inventory valuation, replacing older tables.
2) When upgrading from older systems, there are different approaches of brownfield (technical upgrade) versus greenfield (new implementation) but the Material Ledger must be initialized.
3) Actual costing is an optional feature of the Material Ledger that calculates inventory value variances but is not required to use S/4HANA's Material Ledger functionality.
Pipeline materials such as oil, gas, or electricity are received directly through pipelines and cables rather than through traditional purchase orders and stock. These materials use a special stock type of "P" to record consumption without a purchase order or stock. All rate and tax information for pipeline materials is stored in info records under the category "Pipeline". Consumption is recorded through MIGO transactions and settlement is done through MRKO transactions similar to consignment materials.
Rajesh Sharma provides an overview of the procurement process for consumable items in SAP. Key points covered include:
1. The differences between procuring consumable versus stock items, with consumable items being procured directly for consumption without inventory valuation.
2. The need to specify an account assignment category for consumables to determine the cost objects charged and required assignment data.
3. How purchase requisitions are used to initiate the procurement process and later converted to purchase orders.
4. Features of purchase requisitions like multiple account assignments, creating requisitions without material records, and status indicators.
The document discusses determining shipping points and loading groups in SAP. It covers defining shipping conditions and loading groups. It also covers assigning shipping points according to storage location and includes steps for assigning shipping points based on storage location.
The document discusses the project system module in SAP. It describes what a project is and examples of projects from MCGM's perspective. It outlines the key processes in project system like project structuring, estimation, budgeting, work order process, payment certification, and notification. Project coding conventions are also explained. The document provides screenshots of different screens in SAP related to project creation, WBS elements, estimation, deviation approval, document management, and notification workflow.
This document provides instructions for configuring and activating split valuation in SAP to separately value in-house production stocks and externally procured stocks of materials. It outlines the steps to 1) activate split valuation in the system, 2) create valuation types for in-house and external stocks, 3) assign valuation categories to the types, and 4) create material master records and production/purchase orders to value the stocks separately. The purpose of split valuation is to allow different valuation prices for internally produced versus externally sourced materials.
The document provides information on the Common Technical Document (CTD) format for organizing technical documents submitted to regulatory authorities for approval of pharmaceutical products. The CTD format was developed by the International Conference on Harmonization to streamline review processes and facilitate simultaneous submissions across different regions. It includes five modules covering administrative information, summaries, quality, nonclinical and clinical data. Adopting a common format provides benefits like reduced submission time and costs as well as faster availability of new medicines to patients.
The DealBook is our annual overview of the Ukrainian tech investment industry. This edition comprehensively covers the full year 2023 and the first deals of 2022.
The document is an annual report by AVentures Capital covering the Ukrainian tech investment industry in 2020. It summarizes that total funding volume reached a record high of $571 million despite the COVID-19 pandemic, with most funds going to a few global companies with Ukrainian roots. Early-stage funding also hit record highs, though international funds provided the majority. Exits increased in number but most were of moderate value. The software development outsourcing industry saw consolidation trends amid remote work formats.
Ukrainian tech investment report for 2022. The report provides an overview of investment deals and trends in Ukraine's technology sector in 2021 and early 2022. Some key points include:
- 2021 was a record year for tech investment in Ukraine, with a total of US$832 million invested, surpassing previous years.
- Three Ukrainian companies (GitLab, Firefly Aerospace, People.ai) raised over half the total funding in 2021.
- Early-stage funding reached record levels, with seed and Series A deals increasing over previous years.
- M&A activity was also high in 2021, though some 2022 deals were put on hold due to the Russian invasion in February.
- Ukraine's export
The document is the 2020 edition of the DealBook of Ukraine published by AVentures Capital. It provides an overview of the Ukrainian tech investment landscape in 2019. Some of the key highlights include:
- 2019 saw a record total funding volume of $544M, driven by a few large rounds, while early stage investment remained flat.
- The three largest deals (Grammarly, GitLab, People.ai) accounted for 77% of the total funding.
- Exits increased with notable acquisitions like AI Factory and Cropio, but most deals were smaller than $100M.
- International investors provided the majority of early stage capital while local funds focused on seed deals.
- Ukraine remained an
This document provides an overview and summary of investments and mergers & acquisitions in the Ukrainian tech sector in 2018 and the first quarter of 2019. It finds that 2018 saw a record $323 million in venture capital and private equity deals, a 22% increase over 2017. However, 71% of total funding went to three global companies with R&D operations in Ukraine. Early-stage funding remained flat, with most coming from foreign investors. Recent M&A activity has focused on software development outsourcing firms. Notable 2019 deals include a $10 million investment in an IoT security company and investments in a custom software developer and fintech lending platform.
Ukraine Deal Review 2021. Tech Venture Capital and Private Equity deals of Uk...
Kreston Ukraine, together with Ukrainian Venture Capital and Private Equity Association (UVCA), AVentures, and ISE Corporate Accelerator, is pleased to present the results of the annual Ukraine Deal Review 2021, also covering 3 months of 2022.
In 2021, Ukrainian startups attracted venture capital investments worth USD 779.6 million, 46% more than in 2020. Like in a previous period, Ukrainian Startup Fund (USF) accounted for about half of the deals (47%). Investments attributed to private equity reached 82.8 million USD, and these are only agreements with the disclosed amount.
In 2021, six new players joined the Ukrainian venture capital market. GEEK Ventures, SID Venture Partners, ZAS Ventures, ANCHOR, and PAWA offer Ukrainian startups financing of around USD 0.5 million, along with their experience and expertise. World-renowned companies also did not ignore Ukraine last year: 19 of them opened their R&D centers, offices, and engineering hubs in Ukraine.
In the first quarter of 2022, the development of private technology investment markets did not halt despite the large-scale Russian aggression. In January–March 2022, 11 venture capital deals of USD 11.5 mln, 3 private equity deals of USD 4 mln, and 8 exits of USD 135 mln already took place. International companies went on establishing new R&D centers and offices in Ukraine. In addition, global technology companies, EU countries, and Ukrainian IT communities have offered Ukrainian startups several support programs.
- Tech Nation has supported over 5000 startups and scaleups in the UK, raising over $30B and generating over £600M in economic value.
- The UK tech sector has shown resilience during a global pullback in venture capital, raising $30B in 2022 compared to $41B in 2021.
- Emerging areas of strength for the UK include fintech, with over $11B raised, and deep tech, with over $4.7B raised.
- The government has committed over $3B to areas like quantum technology, AI, and the future of computing to support the UK becoming a global science superpower.
This document summarizes the Portuguese startup scene report for 2022 from Armilar Venture Partners. Some key findings include:
- Investment in Portuguese startups declined in 2022 with 118 rounds totaling €839M, down from 159 rounds and €1.4B in 2021.
- Later stage rounds declined the most, dropping 60% from 2021 levels. However, the top 10 rounds accounted for over 70% of total funding.
- Pre-seed and seed stage financing continued growing in 2022 despite the contraction, while Series A median round sizes saw a slight reduction.
- Portugal Ventures was the most active investor overall, while Demium Capital led in pre-seed rounds among international investors.
-
The Rise of Cloud in Europe from Bessemer Venture Partners
1) The document discusses the rise of cloud computing and technology startups in Europe. Venture capital investment in European tech startups has been trending upwards, with record amounts raised in 2019.
2) Europe is producing more $1 billion outcome companies and has a strong pipeline of "unicorns" (privately held startups valued over $1 billion). Many European decacorn companies (valued over $10 billion) are choosing to keep their headquarters in Europe.
3) The cloud market is growing rapidly and is on track to become the majority of the overall software market within the next 5 years. European cloud companies have seen their total market capitalization increase nearly 14x from 2016-2020.
Chapter 1 - Impact of COVID-19 on FinTech: A resilient European tech growth engine. Overall impact was in line with expectations, except for payments and mortgages. For payments, the e-commerce boost made up for travel falls. Top European FinTechs took this chance to revaluate cost inefficiencies and lived to fight another day with reduced sales and increased customer support. The next 6 to 12 months will be more challenging when new funding is required.
Chapter 2 - European FinTech landscape buoyancy enabled by massive government support. 2020 has been surprisingly resilient, with funding up 20% including government programs, but down 10% excluding this. Banking & payments searched for simplicity as an overcrowded
The SaaS sector is undergoing a ‘reset’: on the public side, revenue multiples went down from 17x a year ago to 6x today. On the private side, funding is down 42% in Q3 with similar trends observed in the US and Europe. What does this mean for European and Israeli SaaS companies? In this presentation, we will dive deeper into:
- How should founders think about their company valuation?
- Are public markets overcorrected?
- How are the public market dynamics impacting the private funding market?
- Will we see a flurry of down round for the 120+ Cloud Unicorns created in Europe and Israel over the past few years?
- Which top 100 companies have been selected for the 2022 Accel Euroscape?
ATTRACTIVE INDUSTRIES IN THE “ART DE VIVRE” SECTOR 260722.pdf
The document provides an overview of market and M&A trends across various luxury sectors including luxury and lifestyle, cosmetics and fragrances, and food and beverages.
The global luxury market grew 14% in 2021 to $1.29 trillion and is projected to have a 7% CAGR through 2025 driven by new billionaires and local consumers representing 90% of sales. M&A deal activity in the luxury sector has also increased with strategic buyers looking to diversify.
The cosmetics and fragrances industry is expected to see 5% annual growth through 2025 led by skin care products. Niche fragrances represent a major growth opportunity particularly in China. M&A activity has increased for
Ukrainian Venture Capital and Private Equity Association (UVCA) and Kreston U...
The Ukrainian Venture Capital and Private Equity Association (UVCA) and the audit and consulting company Kreston Ukraine present the “Ukraine venture capital and private equity markets 2020” annual review, which also includes data for 8 months of 2021.
According to the results of 2020, Ukrainian technology companies and their investors closed 188 deals with investors worth USD 533.5 million. About 50% of the deals are small grants (25 and 50 thousand USD) from the Ukrainian Startup Fund. For 2020—2021, it has invested USD 5.3 million in Ukrainian projects.
Just three years ago, Ukraine did not have a single unicorn among its startups. Nowadays, as many as five of them — Gitlab, Grammarly, Bitfury, People.ai, and Ring — raised USD 1.3 bln funding and dominate the global market.
In this review, we analysed the key market trends, such as “investment focus on software projects”, “increase of foreign investors in the Ukrainian market”, “growing quality of Ukrainian startups and their interest in smart money” for the first time. The key drivers and barriers to market development were identified — the respondents noted that despite the imperfect regulatory framework, the country still has enough private capital to promote the sector.
Generally, all market players are unanimous in their outlooks and are quite optimistic about further market development. According to 81% venture and 67% private equity investors surveyed, all quantitative indicators are likely to grow, and high-tech industries traditionally represent the most promising ones.
Ukrainian investors primarily point to the experience and qualification of the team (according to 94% venture and 17% private equity investors surveyed) and the market potential of the business idea (according to 82% venture and 83% private equity investors surveyed), among the key factors for investment decisions. On the other hand, when choosing an investor, startups consider their industry expertise, investment terms, and ‘smart money’ they can get.
The study results show that Ukrainian companies offer attractive, relevant, and globally competitive solutions and demonstrate sustainability and adaptability in COVID-19. Ukraine is gradually transforming from a talent and idea exporter into a big international venture capital market player.
This document provides a training manual on creating, changing, and viewing purchase contracts in SAP MM. It outlines the key steps to create a contract by entering header data such as the vendor, validity period, and items including the material, quantity, and price. Contracts can be created manually or from a purchase requisition. The manual also describes how to change contract data using transaction code ME32K and view contract details with ME33K. The goal is to guide users through setting up binding purchase agreements with vendors for materials or services over a specified time period.
Recognition of EC certificatesfor medical devices and IVDs in Ukraine. Maksy...Maksym Bagrieiev
Technical regulations in Ukraine: where we are now and how we got there. National legislation: Technical regulations and other legal acts. Authorized representative in Ukraine. Language and labeling requirements. Conformity assessment bodies and international standards. Conformity assessment procedures. What problems can be solved by recognition. Legal requirements for recognition in details. List of notified bodies signed Agreements with UA CABs.
Step-by-step process. What should be considered prior to apply for recognition. Impact of changes in EU to UA certificate. Changes and renewals. Post-marketing activities. Other Technical regulations. Market supervision.
Report Painter is a visual report development tool in SAP that offers most of the functionality of Report Writer but is easier to use. It allows creating reports from Special Purpose Ledger and other application components. Reports are defined graphically through rows and columns. When executed, Report Painter reports are converted to Report Writer format. The tool can meet many reporting needs, but some advanced Report Writer functions are not available in Report Painter.
This document discusses how to configure a bill of materials (BOM) item as a variant material in SAP. It describes setting up a material called CYCLE as a configurable BOM item with characteristics like CYCLETYRES and CYCLEMODEL. It also covers creating a variant class, defining characteristic values and dependencies, building a configuration profile, and establishing variant conditions to control which sub-items are included based on the characteristic combinations selected. Finally, it shows how to create a sales order for the configured CYCLE material and have its BOM explode with the correct sub-items based on the variant condition rules.
1. The document discusses various sales order and distribution related concepts in SAP SD including drop shipments, sales areas, picking locations, customization vs configuration, shipping points, smart forms, sales document structure, plant determination, billing without delivery, sales deals, pricing date, account groups, item categories, project IMG, extending materials and customers to other sales areas, multiple deliveries, EDI usage, copy controls, schedule line categories, blocking sales documents, reconciliation vs normal accounts, access sequences, types of free goods, the 16 steps in a pricing procedure, differences between plants and storage locations, the sales order cycle, and the relationship between sales organizations and company codes.
2. It also provides explanations for concepts
This document provides interview questions related to SAP MM projects and technical skills. For projects, it asks about the applicant's skills, project experience including system landscape, customizing, and issues faced. For technical skills, it asks questions about procurement documents, stock transfers, special stocks, reservations, contracts, scheduling agreements, quota arrangements, and posting periods.
This document provides instructions for calibrating equipment using SAP PM. It outlines 6 key steps: 1) Checking for task lists, 2) Changing maintenance plans, 3) Scheduling plans, 4) Viewing schedules, 5) Viewing order details, and 6) Recording inspection lot results. Transaction codes and navigation paths are provided for each step to guide users through the calibration process in SAP PM.
1) The Material Ledger is now mandatory in S/4HANA and is used to maintain inventory valuation, replacing older tables.
2) When upgrading from older systems, there are different approaches of brownfield (technical upgrade) versus greenfield (new implementation) but the Material Ledger must be initialized.
3) Actual costing is an optional feature of the Material Ledger that calculates inventory value variances but is not required to use S/4HANA's Material Ledger functionality.
Pipeline materials such as oil, gas, or electricity are received directly through pipelines and cables rather than through traditional purchase orders and stock. These materials use a special stock type of "P" to record consumption without a purchase order or stock. All rate and tax information for pipeline materials is stored in info records under the category "Pipeline". Consumption is recorded through MIGO transactions and settlement is done through MRKO transactions similar to consignment materials.
Rajesh Sharma provides an overview of the procurement process for consumable items in SAP. Key points covered include:
1. The differences between procuring consumable versus stock items, with consumable items being procured directly for consumption without inventory valuation.
2. The need to specify an account assignment category for consumables to determine the cost objects charged and required assignment data.
3. How purchase requisitions are used to initiate the procurement process and later converted to purchase orders.
4. Features of purchase requisitions like multiple account assignments, creating requisitions without material records, and status indicators.
The document discusses determining shipping points and loading groups in SAP. It covers defining shipping conditions and loading groups. It also covers assigning shipping points according to storage location and includes steps for assigning shipping points based on storage location.
The document discusses the project system module in SAP. It describes what a project is and examples of projects from MCGM's perspective. It outlines the key processes in project system like project structuring, estimation, budgeting, work order process, payment certification, and notification. Project coding conventions are also explained. The document provides screenshots of different screens in SAP related to project creation, WBS elements, estimation, deviation approval, document management, and notification workflow.
This document provides instructions for configuring and activating split valuation in SAP to separately value in-house production stocks and externally procured stocks of materials. It outlines the steps to 1) activate split valuation in the system, 2) create valuation types for in-house and external stocks, 3) assign valuation categories to the types, and 4) create material master records and production/purchase orders to value the stocks separately. The purpose of split valuation is to allow different valuation prices for internally produced versus externally sourced materials.
The document provides information on the Common Technical Document (CTD) format for organizing technical documents submitted to regulatory authorities for approval of pharmaceutical products. The CTD format was developed by the International Conference on Harmonization to streamline review processes and facilitate simultaneous submissions across different regions. It includes five modules covering administrative information, summaries, quality, nonclinical and clinical data. Adopting a common format provides benefits like reduced submission time and costs as well as faster availability of new medicines to patients.
The DealBook is our annual overview of the Ukrainian tech investment industry. This edition comprehensively covers the full year 2023 and the first deals of 2022.
The document is an annual report by AVentures Capital covering the Ukrainian tech investment industry in 2020. It summarizes that total funding volume reached a record high of $571 million despite the COVID-19 pandemic, with most funds going to a few global companies with Ukrainian roots. Early-stage funding also hit record highs, though international funds provided the majority. Exits increased in number but most were of moderate value. The software development outsourcing industry saw consolidation trends amid remote work formats.
Ukrainian tech investment report for 2022. The report provides an overview of investment deals and trends in Ukraine's technology sector in 2021 and early 2022. Some key points include:
- 2021 was a record year for tech investment in Ukraine, with a total of US$832 million invested, surpassing previous years.
- Three Ukrainian companies (GitLab, Firefly Aerospace, People.ai) raised over half the total funding in 2021.
- Early-stage funding reached record levels, with seed and Series A deals increasing over previous years.
- M&A activity was also high in 2021, though some 2022 deals were put on hold due to the Russian invasion in February.
- Ukraine's export
The document is the 2020 edition of the DealBook of Ukraine published by AVentures Capital. It provides an overview of the Ukrainian tech investment landscape in 2019. Some of the key highlights include:
- 2019 saw a record total funding volume of $544M, driven by a few large rounds, while early stage investment remained flat.
- The three largest deals (Grammarly, GitLab, People.ai) accounted for 77% of the total funding.
- Exits increased with notable acquisitions like AI Factory and Cropio, but most deals were smaller than $100M.
- International investors provided the majority of early stage capital while local funds focused on seed deals.
- Ukraine remained an
This document provides an overview and summary of investments and mergers & acquisitions in the Ukrainian tech sector in 2018 and the first quarter of 2019. It finds that 2018 saw a record $323 million in venture capital and private equity deals, a 22% increase over 2017. However, 71% of total funding went to three global companies with R&D operations in Ukraine. Early-stage funding remained flat, with most coming from foreign investors. Recent M&A activity has focused on software development outsourcing firms. Notable 2019 deals include a $10 million investment in an IoT security company and investments in a custom software developer and fintech lending platform.
Kreston Ukraine, together with Ukrainian Venture Capital and Private Equity Association (UVCA), AVentures, and ISE Corporate Accelerator, is pleased to present the results of the annual Ukraine Deal Review 2021, also covering 3 months of 2022.
In 2021, Ukrainian startups attracted venture capital investments worth USD 779.6 million, 46% more than in 2020. Like in a previous period, Ukrainian Startup Fund (USF) accounted for about half of the deals (47%). Investments attributed to private equity reached 82.8 million USD, and these are only agreements with the disclosed amount.
In 2021, six new players joined the Ukrainian venture capital market. GEEK Ventures, SID Venture Partners, ZAS Ventures, ANCHOR, and PAWA offer Ukrainian startups financing of around USD 0.5 million, along with their experience and expertise. World-renowned companies also did not ignore Ukraine last year: 19 of them opened their R&D centers, offices, and engineering hubs in Ukraine.
In the first quarter of 2022, the development of private technology investment markets did not halt despite the large-scale Russian aggression. In January–March 2022, 11 venture capital deals of USD 11.5 mln, 3 private equity deals of USD 4 mln, and 8 exits of USD 135 mln already took place. International companies went on establishing new R&D centers and offices in Ukraine. In addition, global technology companies, EU countries, and Ukrainian IT communities have offered Ukrainian startups several support programs.
- Tech Nation has supported over 5000 startups and scaleups in the UK, raising over $30B and generating over £600M in economic value.
- The UK tech sector has shown resilience during a global pullback in venture capital, raising $30B in 2022 compared to $41B in 2021.
- Emerging areas of strength for the UK include fintech, with over $11B raised, and deep tech, with over $4.7B raised.
- The government has committed over $3B to areas like quantum technology, AI, and the future of computing to support the UK becoming a global science superpower.
This document summarizes the Portuguese startup scene report for 2022 from Armilar Venture Partners. Some key findings include:
- Investment in Portuguese startups declined in 2022 with 118 rounds totaling €839M, down from 159 rounds and €1.4B in 2021.
- Later stage rounds declined the most, dropping 60% from 2021 levels. However, the top 10 rounds accounted for over 70% of total funding.
- Pre-seed and seed stage financing continued growing in 2022 despite the contraction, while Series A median round sizes saw a slight reduction.
- Portugal Ventures was the most active investor overall, while Demium Capital led in pre-seed rounds among international investors.
-
1) The document discusses the rise of cloud computing and technology startups in Europe. Venture capital investment in European tech startups has been trending upwards, with record amounts raised in 2019.
2) Europe is producing more $1 billion outcome companies and has a strong pipeline of "unicorns" (privately held startups valued over $1 billion). Many European decacorn companies (valued over $10 billion) are choosing to keep their headquarters in Europe.
3) The cloud market is growing rapidly and is on track to become the majority of the overall software market within the next 5 years. European cloud companies have seen their total market capitalization increase nearly 14x from 2016-2020.
Chapter 1 - Impact of COVID-19 on FinTech: A resilient European tech growth engine. Overall impact was in line with expectations, except for payments and mortgages. For payments, the e-commerce boost made up for travel falls. Top European FinTechs took this chance to revaluate cost inefficiencies and lived to fight another day with reduced sales and increased customer support. The next 6 to 12 months will be more challenging when new funding is required.
Chapter 2 - European FinTech landscape buoyancy enabled by massive government support. 2020 has been surprisingly resilient, with funding up 20% including government programs, but down 10% excluding this. Banking & payments searched for simplicity as an overcrowded
The SaaS sector is undergoing a ‘reset’: on the public side, revenue multiples went down from 17x a year ago to 6x today. On the private side, funding is down 42% in Q3 with similar trends observed in the US and Europe. What does this mean for European and Israeli SaaS companies? In this presentation, we will dive deeper into:
- How should founders think about their company valuation?
- Are public markets overcorrected?
- How are the public market dynamics impacting the private funding market?
- Will we see a flurry of down round for the 120+ Cloud Unicorns created in Europe and Israel over the past few years?
- Which top 100 companies have been selected for the 2022 Accel Euroscape?
ATTRACTIVE INDUSTRIES IN THE “ART DE VIVRE” SECTOR 260722.pdfLucas518833
The document provides an overview of market and M&A trends across various luxury sectors including luxury and lifestyle, cosmetics and fragrances, and food and beverages.
The global luxury market grew 14% in 2021 to $1.29 trillion and is projected to have a 7% CAGR through 2025 driven by new billionaires and local consumers representing 90% of sales. M&A deal activity in the luxury sector has also increased with strategic buyers looking to diversify.
The cosmetics and fragrances industry is expected to see 5% annual growth through 2025 led by skin care products. Niche fragrances represent a major growth opportunity particularly in China. M&A activity has increased for
The Ukrainian Venture Capital and Private Equity Association (UVCA) and the audit and consulting company Kreston Ukraine present the “Ukraine venture capital and private equity markets 2020” annual review, which also includes data for 8 months of 2021.
According to the results of 2020, Ukrainian technology companies and their investors closed 188 deals with investors worth USD 533.5 million. About 50% of the deals are small grants (25 and 50 thousand USD) from the Ukrainian Startup Fund. For 2020—2021, it has invested USD 5.3 million in Ukrainian projects.
Just three years ago, Ukraine did not have a single unicorn among its startups. Nowadays, as many as five of them — Gitlab, Grammarly, Bitfury, People.ai, and Ring — raised USD 1.3 bln funding and dominate the global market.
In this review, we analysed the key market trends, such as “investment focus on software projects”, “increase of foreign investors in the Ukrainian market”, “growing quality of Ukrainian startups and their interest in smart money” for the first time. The key drivers and barriers to market development were identified — the respondents noted that despite the imperfect regulatory framework, the country still has enough private capital to promote the sector.
Generally, all market players are unanimous in their outlooks and are quite optimistic about further market development. According to 81% venture and 67% private equity investors surveyed, all quantitative indicators are likely to grow, and high-tech industries traditionally represent the most promising ones.
Ukrainian investors primarily point to the experience and qualification of the team (according to 94% venture and 17% private equity investors surveyed) and the market potential of the business idea (according to 82% venture and 83% private equity investors surveyed), among the key factors for investment decisions. On the other hand, when choosing an investor, startups consider their industry expertise, investment terms, and ‘smart money’ they can get.
The study results show that Ukrainian companies offer attractive, relevant, and globally competitive solutions and demonstrate sustainability and adaptability in COVID-19. Ukraine is gradually transforming from a talent and idea exporter into a big international venture capital market player.
- Fintech investment deal activity in the EMEA region peaked in 2021 but declined significantly in 2022 and the first half of 2023. There were 2,373 fintech deals in 2022 and 702 deals in the first half of 2023.
- Venture capital investments in fintech companies in the EMEA region peaked in the first half of 2021 but declined throughout 2022 and the first half of 2023. The value of investments raised was $6.8 billion in the first half of 2021 but only $2.7 billion in the first half of 2023.
- The largest fintech deal in Europe in the first half of 2023 was the $3.1 billion dive
DACH (Germany, Austria, Switzerland) is an economic powerhouse in Europe, representing 13% of the population but 20% of professional developers. It leads Europe in R&D spending and patents filed. The region houses 3 of Europe's top 10 tech hubs. Covid-19 accelerated trends like remote work and e-commerce, benefiting some DACH startups. Venture capital funding reached record highs in 2020 despite the pandemic. The B2B software, healthcare and fintech sectors are particularly strong in the DACH region. The outlook includes continued early stage growth, a boom in digital health startups in Germany, and fierce competition for deals as more capital enters the market from Asia and the US.
UK Tech Investment Overview - BNP Paribas gerardgrech
The UK tech ecosystem raised $30 billion in 2022, down from 2021 but still 72% higher than 2020. The total value of UK tech companies reached $1 trillion. The UK and France were the top two countries in Europe for climate tech funding in 2022, each raising $2.9 billion. While the UK remains a leader in Europe, neighboring countries like France and Sweden are catching up.
DACH (Germany, Austria, Switzerland) is an economic powerhouse in Europe, representing 13% of the population but 20% of professional developers. It leads Europe in R&D spending and patents filed. The region houses 3 of Europe's top 10 tech hubs. Covid-19 accelerated trends like remote work and e-commerce, benefiting "covid-ready" startups in the region. The DACH ecosystem is large and growing, with numerous pre-seed funds and accelerators emerging and global funding flowing in later stages. Top sectors include B2B software, healthcare, mobility and fintech. The outlook includes continued early stage growth, a digital health boom in Germany, fierce founder competition, and increasing valu
The investment volume in Ukraine's venture capital IT industry reached a record high of $265M in 2017, a 231% increase from 2016. Most of the growth came from large growth and secondary deals and a dozen Series A deals. The number of identified deals was 44, down from previous years. Seed rounds declined in number and volume while Series A rounds hit a record high average size of $4.78M. Foreign capital accounted for 96% of the total investment volume, with investors based in the US, UK, and Israel among the most active. Key sectors like software and online services saw significant growth. There were 5 disclosed exits worth $8M in total.
For optimized reading: http://www.uadn.net/files/ua_hightech.pdf
A comprehensive 250-page review of software R&D and IT outsourcing activities in Ukraine, the country with the largest number of software engineers in CEE. http://www.uadn.net/files/ua_hightech.pdf
Due diligence (аудит) стартапов. Мастер-класс Евгения СысоеваYevgen Sysoyev
На мастер-классе Евгений будет подробно освещать следующие вопросы:
- Due diligence: что стоит за этими пугающими словами?
- Взгляд инвестора: зачем, что и как проверять?
- Готовность проекта к проекту: что и как готовить?
- Due diligence наоборот, или стартап проверяет инвестора.
This document discusses the growth of the Ukrainian software technology industry. It notes that Ukraine has over 50,000 software engineers, the largest number in Central and Eastern Europe, and that many Fortune 500 companies outsource software development to Ukraine. The IT sector now accounts for around 3% of Ukraine's GDP and is the fastest growing sector, transforming the Ukrainian economy. Many Ukrainian startups are also achieving international success. The document argues that Ukraine's large, skilled IT workforce is delivering high quality software globally and playing an important role in the world economy.
Ukraine Dealbook IT and Internet Market 2012-14Yevgen Sysoyev
The comprehensive overview of venture market in Ukraine and all tech deals in 2012-14, overview of key trends, players and Ukrainian venture ecosystem
Subscribe to @YevgenSysoyev to receive updates
Downloadable version is here:
http://www.ewdn.com/files/ua_dealbook.pdf
Key findings:
https://prezi.com/y_gg35xswhcr/the-deal-book-of-ukraine/
Terrasoft is a CRM software company with 500 experts that has 20% market share of the CIS CRM market. It has been on the market for 12 years, has 6,000 customers located across various cities, and 400 partners worldwide. The company's CRM software, bpm'online, was found to deliver a 1281% ROI within 3 months of deployment by one customer. It offers comprehensive CRM capabilities including marketing, sales, customer service functions, and business process management tools.
Paymentwall is a global digital payments platform company that has offices in 10 locations worldwide and a team of 25 different nationalities. It offers multiple payment products and processes credit card, mobile carrier billing, prepaid cash, and alternative payment methods for over 40,000 merchants in industries like gaming, dating, e-learning, and more. Paymentwall is the leading alternative payments provider globally and number one for the gaming and dating industries.
Jooble is a job search website that has been in business for 7 years. It has 65 employees located in Kiev, Ukraine and became profitable within 6 months of launching. The website reaches users in 64 countries and 24 languages, serving over 160 million users in the last 12 months. Its top revenue generating countries are Brazil, Germany, Russia, France, and Japan. The contact for the company is Roman Prokofyev, Co-Founder, who can be reached at rp@jooble.com.
invisibleCRM is a leading provider of productivity tools that integrates enterprise systems like CRM, ERP, and HCM with personal user environments. Founded in 2005, it now has 92 employees and annual growth of 15%. The company's software bridges the gap between how enterprise systems work and how people work, making users more productive. invisibleCRM was named a Cool Vendor by Gartner in 2006 for its innovative approach.
This document provides an overview of a stock photo company called Depositphotos. It is a leading micro stock photo company founded in 2009 with over 25 million media assets that adds 30,000 new assets daily. The company has over 200 employees across offices in New York, Kiev, and sales offices in Europe. It offers a royalty-free stock photos, videos, and images marketplace as well as a mobile community and online magazine about photography.
2014 Developments in Ukrainian IT sector, Yevgen Sysoyev @ IDCEE2014Yevgen Sysoyev
2014 Developments in Ukrainian IT sector, overview of venture capital market in Ukraine. Announce of Dealbook Ukraine. By Yevgen Sysoyev, managing partner of AVentures Capital @ IDCEE2014
IT is the key economic link between USA and UkraineYevgen Sysoyev
In 2013, information technology (IT) accounted for 3% of Ukraine's total exports and was the 7th largest export item. By 2025, IT exports are expected to reach $10-20 billion and become one of the top 3 Ukrainian export items. While the United States accounted for only 2.3% of Ukraine's total exports in 2013, IT exports to the US made up around 40% of exports, making IT the largest export item to the US.
Top 100 Ukrainian IT companies by AVentures CapitalYevgen Sysoyev
The document summarizes key data about 105 Ukrainian tech companies. It finds that 49% are headquartered in Kyiv, 50% have a global orientation, and 44% are in the software/online services sector. The majority are profitable or breaking even. Most companies are valued between $1-50 million and were bootstrapped without outside funding. The top sectors are software, e-commerce, online services, and gaming.
Quantum Communications Q&A with Gemini LLM. These are based on Shannon's Noisy channel Theorem and offers how the classical theory applies to the quantum world.
UiPath Community Day Kraków: Devs4Devs ConferenceUiPathCommunity
We are honored to launch and host this event for our UiPath Polish Community, with the help of our partners - Proservartner!
We certainly hope we have managed to spike your interest in the subjects to be presented and the incredible networking opportunities at hand, too!
Check out our proposed agenda below 👇👇
08:30 ☕ Welcome coffee (30')
09:00 Opening note/ Intro to UiPath Community (10')
Cristina Vidu, Global Manager, Marketing Community @UiPath
Dawid Kot, Digital Transformation Lead @Proservartner
09:10 Cloud migration - Proservartner & DOVISTA case study (30')
Marcin Drozdowski, Automation CoE Manager @DOVISTA
Pawel Kamiński, RPA developer @DOVISTA
Mikolaj Zielinski, UiPath MVP, Senior Solutions Engineer @Proservartner
09:40 From bottlenecks to breakthroughs: Citizen Development in action (25')
Pawel Poplawski, Director, Improvement and Automation @McCormick & Company
Michał Cieślak, Senior Manager, Automation Programs @McCormick & Company
10:05 Next-level bots: API integration in UiPath Studio (30')
Mikolaj Zielinski, UiPath MVP, Senior Solutions Engineer @Proservartner
10:35 ☕ Coffee Break (15')
10:50 Document Understanding with my RPA Companion (45')
Ewa Gruszka, Enterprise Sales Specialist, AI & ML @UiPath
11:35 Power up your Robots: GenAI and GPT in REFramework (45')
Krzysztof Karaszewski, Global RPA Product Manager
12:20 🍕 Lunch Break (1hr)
13:20 From Concept to Quality: UiPath Test Suite for AI-powered Knowledge Bots (30')
Kamil Miśko, UiPath MVP, Senior RPA Developer @Zurich Insurance
13:50 Communications Mining - focus on AI capabilities (30')
Thomasz Wierzbicki, Business Analyst @Office Samurai
14:20 Polish MVP panel: Insights on MVP award achievements and career profiling
How Social Media Hackers Help You to See Your Wife's Message.pdfHackersList
In the modern digital era, social media platforms have become integral to our daily lives. These platforms, including Facebook, Instagram, WhatsApp, and Snapchat, offer countless ways to connect, share, and communicate.
Best Practices for Effectively Running dbt in Airflow.pdfTatiana Al-Chueyr
As a popular open-source library for analytics engineering, dbt is often used in combination with Airflow. Orchestrating and executing dbt models as DAGs ensures an additional layer of control over tasks, observability, and provides a reliable, scalable environment to run dbt models.
This webinar will cover a step-by-step guide to Cosmos, an open source package from Astronomer that helps you easily run your dbt Core projects as Airflow DAGs and Task Groups, all with just a few lines of code. We’ll walk through:
- Standard ways of running dbt (and when to utilize other methods)
- How Cosmos can be used to run and visualize your dbt projects in Airflow
- Common challenges and how to address them, including performance, dependency conflicts, and more
- How running dbt projects in Airflow helps with cost optimization
Webinar given on 9 July 2024
Scaling Connections in PostgreSQL Postgres Bangalore(PGBLR) Meetup-2 - MydbopsMydbops
This presentation, delivered at the Postgres Bangalore (PGBLR) Meetup-2 on June 29th, 2024, dives deep into connection pooling for PostgreSQL databases. Aakash M, a PostgreSQL Tech Lead at Mydbops, explores the challenges of managing numerous connections and explains how connection pooling optimizes performance and resource utilization.
Key Takeaways:
* Understand why connection pooling is essential for high-traffic applications
* Explore various connection poolers available for PostgreSQL, including pgbouncer
* Learn the configuration options and functionalities of pgbouncer
* Discover best practices for monitoring and troubleshooting connection pooling setups
* Gain insights into real-world use cases and considerations for production environments
This presentation is ideal for:
* Database administrators (DBAs)
* Developers working with PostgreSQL
* DevOps engineers
* Anyone interested in optimizing PostgreSQL performance
Contact info@mydbops.com for PostgreSQL Managed, Consulting and Remote DBA Services
Support en anglais diffusé lors de l'événement 100% IA organisé dans les locaux parisiens d'Iguane Solutions, le mardi 2 juillet 2024 :
- Présentation de notre plateforme IA plug and play : ses fonctionnalités avancées, telles que son interface utilisateur intuitive, son copilot puissant et des outils de monitoring performants.
- REX client : Cyril Janssens, CTO d’ easybourse, partage son expérience d’utilisation de notre plateforme IA plug & play.
Are you interested in dipping your toes in the cloud native observability waters, but as an engineer you are not sure where to get started with tracing problems through your microservices and application landscapes on Kubernetes? Then this is the session for you, where we take you on your first steps in an active open-source project that offers a buffet of languages, challenges, and opportunities for getting started with telemetry data.
The project is called openTelemetry, but before diving into the specifics, we’ll start with de-mystifying key concepts and terms such as observability, telemetry, instrumentation, cardinality, percentile to lay a foundation. After understanding the nuts and bolts of observability and distributed traces, we’ll explore the openTelemetry community; its Special Interest Groups (SIGs), repositories, and how to become not only an end-user, but possibly a contributor.We will wrap up with an overview of the components in this project, such as the Collector, the OpenTelemetry protocol (OTLP), its APIs, and its SDKs.
Attendees will leave with an understanding of key observability concepts, become grounded in distributed tracing terminology, be aware of the components of openTelemetry, and know how to take their first steps to an open-source contribution!
Key Takeaways: Open source, vendor neutral instrumentation is an exciting new reality as the industry standardizes on openTelemetry for observability. OpenTelemetry is on a mission to enable effective observability by making high-quality, portable telemetry ubiquitous. The world of observability and monitoring today has a steep learning curve and in order to achieve ubiquity, the project would benefit from growing our contributor community.
Quality Patents: Patents That Stand the Test of TimeAurora Consulting
Is your patent a vanity piece of paper for your office wall? Or is it a reliable, defendable, assertable, property right? The difference is often quality.
Is your patent simply a transactional cost and a large pile of legal bills for your startup? Or is it a leverageable asset worthy of attracting precious investment dollars, worth its cost in multiples of valuation? The difference is often quality.
Is your patent application only good enough to get through the examination process? Or has it been crafted to stand the tests of time and varied audiences if you later need to assert that document against an infringer, find yourself litigating with it in an Article 3 Court at the hands of a judge and jury, God forbid, end up having to defend its validity at the PTAB, or even needing to use it to block pirated imports at the International Trade Commission? The difference is often quality.
Quality will be our focus for a good chunk of the remainder of this season. What goes into a quality patent, and where possible, how do you get it without breaking the bank?
** Episode Overview **
In this first episode of our quality series, Kristen Hansen and the panel discuss:
⦿ What do we mean when we say patent quality?
⦿ Why is patent quality important?
⦿ How to balance quality and budget
⦿ The importance of searching, continuations, and draftsperson domain expertise
⦿ Very practical tips, tricks, examples, and Kristen’s Musts for drafting quality applications
https://www.aurorapatents.com/patently-strategic-podcast.html
7 Most Powerful Solar Storms in the History of Earth.pdfEnterprise Wired
Solar Storms (Geo Magnetic Storms) are the motion of accelerated charged particles in the solar environment with high velocities due to the coronal mass ejection (CME).
The Rise of Supernetwork Data Intensive ComputingLarry Smarr
Invited Remote Lecture to SC21
The International Conference for High Performance Computing, Networking, Storage, and Analysis
St. Louis, Missouri
November 18, 2021
Kief Morris rethinks the infrastructure code delivery lifecycle, advocating for a shift towards composable infrastructure systems. We should shift to designing around deployable components rather than code modules, use more useful levels of abstraction, and drive design and deployment from applications rather than bottom-up, monolithic architecture and delivery.
An invited talk given by Mark Billinghurst on Research Directions for Cross Reality Interfaces. This was given on July 2nd 2024 as part of the 2024 Summer School on Cross Reality in Hagenberg, Austria (July 1st - 7th)
論文紹介:A Systematic Survey of Prompt Engineering on Vision-Language Foundation ...Toru Tamaki
Jindong Gu, Zhen Han, Shuo Chen, Ahmad Beirami, Bailan He, Gengyuan Zhang, Ruotong Liao, Yao Qin, Volker Tresp, Philip Torr "A Systematic Survey of Prompt Engineering on Vision-Language Foundation Models" arXiv2023
https://arxiv.org/abs/2307.12980
Coordinate Systems in FME 101 - Webinar SlidesSafe Software
If you’ve ever had to analyze a map or GPS data, chances are you’ve encountered and even worked with coordinate systems. As historical data continually updates through GPS, understanding coordinate systems is increasingly crucial. However, not everyone knows why they exist or how to effectively use them for data-driven insights.
During this webinar, you’ll learn exactly what coordinate systems are and how you can use FME to maintain and transform your data’s coordinate systems in an easy-to-digest way, accurately representing the geographical space that it exists within. During this webinar, you will have the chance to:
- Enhance Your Understanding: Gain a clear overview of what coordinate systems are and their value
- Learn Practical Applications: Why we need datams and projections, plus units between coordinate systems
- Maximize with FME: Understand how FME handles coordinate systems, including a brief summary of the 3 main reprojectors
- Custom Coordinate Systems: Learn how to work with FME and coordinate systems beyond what is natively supported
- Look Ahead: Gain insights into where FME is headed with coordinate systems in the future
Don’t miss the opportunity to improve the value you receive from your coordinate system data, ultimately allowing you to streamline your data analysis and maximize your time. See you there!
Comparison Table of DiskWarrior Alternatives.pdfAndrey Yasko
To help you choose the best DiskWarrior alternative, we've compiled a comparison table summarizing the features, pros, cons, and pricing of six alternatives.
How RPA Help in the Transportation and Logistics Industry.pptxSynapseIndia
Revolutionize your transportation processes with our cutting-edge RPA software. Automate repetitive tasks, reduce costs, and enhance efficiency in the logistics sector with our advanced solutions.
Best Programming Language for Civil EngineersAwais Yaseen
The integration of programming into civil engineering is transforming the industry. We can design complex infrastructure projects and analyse large datasets. Imagine revolutionizing the way we build our cities and infrastructure, all by the power of coding. Programming skills are no longer just a bonus—they’re a game changer in this era.
Technology is revolutionizing civil engineering by integrating advanced tools and techniques. Programming allows for the automation of repetitive tasks, enhancing the accuracy of designs, simulations, and analyses. With the advent of artificial intelligence and machine learning, engineers can now predict structural behaviors under various conditions, optimize material usage, and improve project planning.
2. About
The DealBook is our annual overview of the Ukrainian tech
investment ecosystem. This edition covers the full year of
2023 and 1H of 2024
2.5 years of Ukraine's fight for freedom have opened a new
chapter for its tech industry. With a growing volume of
seed investments, a new booming military tech sector, and
record-high fund commitments, Ukraine’s tech ecosystem
is poised for recovery
We express our gratitude to all the market participants
who contributed their data and insights to the report and
the international community for continuing to
#StandWithUkraine
Previous Editions of the DealBook of Ukraine
DealBook Ukraine covering 2022 DealBook Ukraine covering 2021
Other Reports on Ukrainian and CEE tech
CEE M&A Report 2021 CEE M&A Report 2022 SoftDev Report 2021
2024
AVentures Capital
2
3. Inaccuracies and updates
We have done our best to provide accurate and complete information, but we recognize the limits of industry reporting. We will be pleased to receive any
corrections, suggestions or information on deals we may have missed. New and updated data will be included in the next publication, improving the level of
detail and the quality of the report. Please direct all such inquiries to andriic@aventurescapital.com. Our thanks in advance for your assistance, which will
make the next DealBook a better resource for the investment community
Copyright policy
The content of this report and its summaries are protected by copyright law. Individuals and organizations can, without prior authorization and free of
charge, copy and publish without limitation short extracts in the form of quotes. This report must be clearly indicated as the source with a link to the
SlideShare or Google Drive hosting webpage of the report. To publish large extracts or the full report or for other editorial cooperation opportunities, please
contact Andrii Chemerysov at andriic@aventurescapital.com
Distribution opportunities
To inquire about the distribution of this report, please email andriic@aventurescapital.com
Disclaimer
2024
AVentures Capital
3
4. Founded in 2012, we are a leading tech investment firm with
an investment fund and M&A advisory arm focused on global
companies that leverage R&D in Ukraine and CEE
With over a dozen companies in our portfolio, AVentures
Capital backs talented entrepreneurs from Ukraine and CEE to
fuel their global expansion in the US and EU markets
Authors of the Report
Yevgen Sysoyev
Managing Partner
ys@aventurescapital.com
Yuliya Sychikova
Director
yuliya@aventurescapital.com
Tetyana Torchylo
Associate
tetyana.torchylo@aventurescapital.com
Andrii Chemerysov
Analyst
andriic@aventurescapital.com
Who we are
2024
AVentures Capital
4
Volodymyr Lyashenko
Analyst
vl@aventurescapital.com
5. Track record: Investments & Advisory
Products Outsourcing
Advisory
Investments
NASDAQ: QCOM
exited
From pre-seed to M&A
From pre-seed
to Series B
From pre-seed
to 1.1b valuation
From pre-seed
to Series B
X X
exited
X
exited
partially exited
From Seed to Series B
*
X
Advisory, M&A
NASDAQ: CMPR
Advisory,
Series B $68m
X
Buy-side PE deal
X
Sell-side M&A
NASDAQ: GDYN
AVentures Capital boasts an outstanding
track record in Ukraine’s tech ecosystem
A dozen years of a stellar track record in helping
build and scale businesses from “zero” to over
$50-100m in revenue, eventually leading to exits
to US/EU strategics
3 M&A deals with NASDAQ publicly listed
companies and a number of double-digit cash-
on-cash investments
2024
AVentures Capital
5
*
*
*
* Yevgen Sysoyev’s personal track record
partially exited
6. • Investment Banking
• M&A strategy development & implementation
• Buy-side advisory
• Sell-side advisory
Professional, client-tailored investment banking
services for tech industry:
IB & M&A Advisory for tech
companies in Central Eastern
Europe
Investment banking arm
2024
AVentures Capital
6
7. 2023 Overview: looming recovery
2024
AVentures Capital
$42m
$146m
$81m
$266m
$323m
$542m
$571m
$832m
$236m
$209m
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
3.6x
1st war year
decline
In 2023, investment volume decline
significantly slowed to just 11% YoY,
showing the industry's resilience
amid the war
Despite the decline, 1H 2024
reveals the signs of recovery, as the
deal volume increased 4.1x times
compared to 1H 2023 and
exceeded volume of 2022-23
7
recovery
59%
5-year CAGR
$68m
$283m
1H 2023 1H 2024
4.1x
1. Amount for 2022 Series B is adjusted compared to last year’s report; for more details, please see Appendix A, Deals of 2022
8. 2023 Overview: good news
1. In this report, a Ukrainian company is defined as having a Ukrainian co-founder and >30% of the workforce being Ukrainian.
2. This segment represents a funding stage with high deal volume yet not a distinctive series C/D funding.
25%
13%
10%
33%
16%
3%
$209m
est. total investments in
Ukrainian1 Tech
Seed
~$52m
Grants
~$7m
Growth &
Secondary²
~$33m
Series A
~$27m
Series B
~$20m
Series C
~$70m
Key Findings
Although the investment volume this year has
somewhat declined, it is still a remarkable resilience
given the war. Promisingly, we observe the growth
of the investments 1H 2024 vs. 1H 2023
Similar to 2022, early-stage investments account for a
38% share of the total investment volume (vs. 39%
in 2022), indicating unwavering trust in the future of
Ukraine’s tech sector
2023 also marked the revival of late-stage
investments. Growth and Secondary volume increased
3.2x (vs. $10.5m in 2022), and Series C volume
increased 1.4x (vs. $50m in 2022)
2024
AVentures Capital
8
9. 2023 Investments by industry
9
2024
AVentures Capital
41%
14%
EdTech
IT Services
~$85m
~$30m
tutor marketplaces, lecture
platforms, language learning apps,
and learning management software
software outsourcing & solutions
$209m
14% Finance
~$29m
blockchain-based auctions, car
financing apps, accounting, etc. …
+ 5 companies
10% Retail
~$21m
robotics, AI-powered pricing, food-
ordering platforms
14% Other
~$29m
military, real estate, healthcare,
marketing & sales, management &
operations, developer tools, etc.
7% Entertainment
~$16m
voice cloning, AI-powered 3D assets
& music, VR
…
+ 4 companies
…
+ 4 companies
…
+ 53 companies
10. Biggest capital raisers
10
2024
AVentures Capital
$209m
est. total investments in
Ukrainian Tech
$70m
Preply is a global platform for
tutors and learners. In 2023, it
raised $70m from Horizon
Capital, Reach Capital, Hoxton
Ventures, Owl Ventures, and
others as part of Series C
$22m
Fintech Farm creates neobanks in developing
countries in partnership with traditional
banks. In 2023, it raised $22m from Nordstar
and others as part of Series D
$15m
DRESSX is one of the largest retailers of
digital fashion. Its investors are Greenfield
Capital, Warner Music Group, The Artemis
Fund, Slow Ventures, and Red DAO
Undisclosed
GO IT provides engineering education for
the digital professions. Its investor is
Horizon Capital as part of Growth stage
Undisclosed
Viseven creates digital transformation for pharma and
life sciences. Its investor is Horizon Capital as part of
Growth stage
Other
Over 100 companies
included in the report
11. 18 22 32
11 30 18
39
77
38 52
22 9 3 59 19 26
119
158
53 27
40
31 35
70
49 44
158
235
91 79
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Early-stage: Seed and Series A
11
2024
AVentures Capital
Series A
Seed
*in $m
Despite the decrease in Series A funding, Seed rounds grew by 37% YoY.
Thus, the volume of Seed investments became the second highest in
history, laying the way for the future recovery
by investor origin
by investor type
1% 31% 32% 36%
1% 2% 3% 29%
4% 61%
~$1m, Undisclosed
~$24m, Foreign + Ukrainian1
~$26m, Foreign
~$28m, Ukrainian2
~$0.5m, Accelerator ~$23m, VC + Angel
~$1m, Strategic
~$2m, Angel
~$3m, Undisclosed
~$49m, VC
1. Rounds in which both foreign and Ukrainian investors participated
2. Rounds in which only Ukrainian investors participated
12. Startup to look at in 2024
12
2024
AVentures Capital
Launch
2020
Founded by Dmytro Dubilet,
Oleksandr Vitiaz, & Nick
Bezkrovnyy
Azerbaijan
2021
Leobank opening
Issues the first 100k cards
Series A
2022
Vietnam, Series B
2023
Hits 200k active users in
Vietnam and 1m in Azerbaijan.
The #1 digital bank
in Azerbaijan
Raises $22m in Series B round,
led by Nordstar, European VCs,
angels
India
2024
Series B extension from Bank
of Georgia, bringing the raised
amount to $32m
Aims to reach 1m active
users in Vietnam
Leobank becomes
profitable
Company raises $7.4m
in Series A led by F1V,
AVentures, TA Ventures,
angels
Fintech Farm is a UK-based company that specializes in
creating neobanks in emerging markets by partnering with
established local banks
HQ:
R&D:
Operations:
Team:
Total Raised:
Featured By:
London, UK
Ukraine
4 countries & growing
150+ employees
$45m1
Fintech Farm aspires to launch in a dozen emerging markets
countries and build the #1 digital bank player in emerging markets
1. Forbes estimate
Sources: Fintech Farm, AIN, sifted, TechCrunch, Forbes
13. Growing grant opportunities
13
2024
AVentures Capital
$6.9m
est. grants provided for Ukrainian
entrepreneurs in 20231
Others (Undisclosed)2
Launched in 2018, the Ukrainian Startup Fund has distributed a total of
$16m in grants ($10k-$50k avg. check). Last year, the fund issued 11
grants via the Dual Use Program, and in 2024, already distributed 27 more
(with Seeds of Bravery, WNISEF as partners)
1. Grants calculation is based on public information, as well as on data supplied by the Ukrainian Startup Fund and Brave1
2. Many grantors and funded companies, especially in military tech, prefer to remain undisclosed, only announcing the fact of the deals
Brave1 focuses on military tech. It was launched in 2022 by the Ukrainian
government. Since then, the cluster has distributed 211 grants for a total
of $3.8m, with an average check of $5k-$25k
The European Innovation Council Accelerator offers up to €2.5m in grants
for R&D and up to €15m in equity investments for market deployment
14. Military tech: a new surging vertical
14
2024
AVentures Capital
• Brave1 issued the largest amount of grants for
miltech in 2023, amounting to $2.3m
• D3 is the first Ukrainian miltech focused VC in 2023,
with more being launched
• We estimate that Osavul (AI-powered information
security) raised the most funding ($1.0m) among
miltech companies in 2023
$6.7m
est. investments in miltech in
2023, both equity and grants
6.2x
miltech job postings on DOU
increased YoY, as of June 20241
UAV Cyber & Analytics
Frontline Equipment
Radio & Sensors Demining
Frontline
Robotics
[Functional
Textile Labs]2
[Biodegradable
Homeostatic Agent]2
[Bees Against
Mines]2
1. Data from the web archive of jobs.dou.ua for June 19, 2024, vs. June 10, 2023. An exact day-to-day comparison is not feasible due to the archive’s limitations.
2. These projects were financed by the Ukrainian Startup Fund (USF) grant programs, yet still do not have website/social media links/logos
15. $532M in announced commitments
15
2024
AVentures Capital
$350m
$300m1
$42m
$39m
$23m
$20m $19m
$10m $10m $10m
$5m $3m $1m
The local funds continue to attract new commitments, many of which are
to be invested in Ukrainian companies
• In early 2024, Horizon Capital’s Growth Fund VI closed at $350m,
exceeding the target by 40%. Investors include IFC, EBRD (EU), DFC
(US), JICA (Japan), and others
• A significant number of new commitments also came from grant
programs and early-stage investors
• In March 2024, UVCA presented the Ukrainian Fund of Funds, which
intends to raise $300m, which would make it the second-largest fund
ever raised.
1. The fund is to be raised yet ; the number on the chart indicates the initial expected fund size
Sources: Horizon Capital, UVCA, European Innovation Council, Brave1, Geek Ventures, D3, 1991 ventures, SMG Capital, Google Support Fund, Roosh, Green Flag,
Ukrainian Startup Fund (USF), Angel one.
16. 16
18
Ukrainian VCs are
currently raising funds
$300m
Initial expected Fund of Funds’ size
The Ukrainian Fund of Funds is an
investment vehicle that enables
investors to deploy capital into funds
focused on Ukrainian entrepreneurs
through an intermediary, receiving
commercial benefits
Gateway for the world's largest
institutional and private investors
to invest in Ukraine
Rigorous due diligence &
comprehensive overview of the
highest-performing local funds
Transparent management
structure & expert team
First institutional fund-of-fund
investor in VC funds
Anchor >30% LP commitments to
support fundraising of 25+ GPs
Continuous program to strengthen
PE, CV and tech ecosystem in
Ukraine
Ukrainian Fund of Funds
~$1b
Projected demand for
capital from Ukrainian VCs
50+
Foreign funds interested in CEE
region
Sources: UVCA, Multiple Capital
Note: The UVCA also invites investors and others to commit 1% or more of their available investment capital towards investments that
promote the recovery and reconstruction of Ukraine. More about Ukraine 1% Investment Pledge: https://fof.uvca.eu/
17. 17
Ertan Can
Founder and Managing Partner of
Multiple Capital
20+ years of industry experience, 10
years of VC/LP experience, Top
Decile track record
Ertan’s track record in managing the Funds of Funds:
Andriy Kolodyuk
Managing Partner of AVentures
Capital, Chairman of UVCA
30+ years of entrepreneurial
experience, 20+ years of VC/LP
experience
2,100
Funds screened
1,000
GP relationships
50+
Sectors
48
Funds invested
103
GPs/Partners
1,359
Portfolio companies
156
Outliers
23
Unicorns
1
Decacorn
Proven management track record
Sources: UVCA, Multiple Capital
Note: The UVCA also invites investors and others to commit 1% or more of their available investment capital towards investments that
promote the recovery and reconstruction of Ukraine. More about Ukraine 1% Investment Pledge: https://fof.uvca.eu/
18. Unicorns co-founded by Ukrainians
2021
2018 2022
2019
Publicly disclosed valuation of >$1.0b …
2024
AVentures Capital
18
Raised $100m in Series D
round from Iconiq Capital
and others
Total valuation: >$1.1b
BitFury’s unicorn status
was confirmed during
$80m financing from
Korelya Capital
Total valuation: >$2.0b
Raised $200m in a round
led by Baillie Gifford and
BlackRock
Total valuation: >$13.0b
Raised $107m in Series D
funding from Akkadian
Ventures, Mubadala
Ventures and others
Total valuation: $1.1b
Raised $51.5m in Series B
round from G Squared and
others
Total valuation: >$1.25b
2024
Raised $200m in a round
led by Sapphire Ventures,
Volition Capital and
Horizon Capital
Total valuation: $1.2b
19. Year after year, Creatio delivers 50% revenue growth,
fueling further expansion in the no-code market
Robust growth
Creatio is a leading vendor of a no-code platform to
automate CRM and enterprise workflows
Leading no-code platform
A global team has its representatives in 25 countries and
thousands of customers in over 100 countries
Global presence
New unicorn is born in 2024
19
2024
AVentures Capital
Source: public sources
As of June 26, 2024, Creatio raised
$200m at $1.2b valuation
20. …and Unicorns likely to be
2024
AVentures Capital
20
Manufacturer of
security systems
for homes
Global platform
for tutors and
learners
Health & Fitness
mobile apps
developer
Health& Fitness
apps developer
Multi-streaming
solution for live
video content
Developer of
mobile Ed-tech
products
Mobile and web
developer of IT
products
Software development
Co-founds global
tech businesses with
CEE entrepreneurs
Product Companies
21. Landscape of funds in 20231
Ukrainian
Foreign
Seed, Series A Series B, Series C, Growth
2024
AVentures Capital
21
1. Due to the decrease in late-stage investments over recent years, the “Series B, Series C, Growth” section includes the funds that made investments in Ukrainian
companies in recent years, not just 2023, for illustrative purposes. “Seed, Series A” section highlights the funds that made investments in 2023
22. Notable exits
Target Acquirer Sector Description
clickdealer
Digital Media
Solutions
Marketing-Sales Global platform to fulfill marketing goals
Digitally Inspired Intellias IT Service Full-cycle software development company
7DEVS Euvic Group IT Service Development of web and mobile solutions
exoft Euvic Group IT Service Custom software development company
Artkai Euvic Group IT Service Customer-centric digital engineering
skillsetter Undisclosed Education Get skills to be effective in IT-companies
Ukrainian companies continue to draw attention from strategic investors in the US and Europe, though M&A activity has been limited
• Co-founded by Max Polyakov, ClickDealer was the largest exit of 2023. The company was acquired by Digital Media Solutions—a
publicly traded provider of digital advertisement solutions—for an estimated amount of $45m. The acquisition will help DMS to
expand its advertising niche for homeowner services brands in the US market
• Since 2022, Polish Euvic Group has become an active local player, acquiring small Ukrainian IT service companies (<100 employees).
So far, the group has acquired 4 targets for a total of $5m+
2024
AVentures Capital
22
Source: Digital Media Solutions, AIN
23. Appendix A – Deal tables
Methodology Notes
If the deal was conducted in a currency different than the United States dollar, the following exchange rates were used:
EUR to USD: 1.07; GBP to USD: 1.24
Loans, corporate bonds, and all other types of debt funding are excluded from funding amounts when the distribution of debt to
equity funding is known. Convertible debt is included. A separate category is dedicated to non-equity grant funding
Publicly undisclosed deals and undisclosed deal amounts pose a challenge to calculating aggregate amounts and deal classification.
Therefore, to make the amounts and classification as accurate as possible, we use estimates to arrive at aggregate amounts and
classification categories. Where appropriate, our estimates are stated in the Deal Tables. If known, privileged data is also used when
calculating aggregate amounts
2024
AVentures Capital
23
24. Funding deals of 2023
Logo Target $m Disclosed Investors Funding Deal Description
Preply 70.0 Horizon Capital, Reach Capital, Hoxton Ventures, Owl Ventures VC Series C Global platform for tutors and learners
Fintech Farm 22.0 Redseed, Nordstar VC Series B Neobanks in developing countries
DRESSX 15.0
Warner Music Group, The Artemis Fund, Slow Ventures, Red DAO,
Greenfield
VC Series B* Digital fashion retailer
VISEVEN Undisclosed Horizon Capital VC Growth* Digital transformation for pharma and life sciences
GO IT Undisclosed Horizon Capital VC Growth* Engineering education - digital professions
carmoola 10.5 VentureFriends, TrueSight Ventures, QED Investors, InMotion Ventures VC Series A Direct-to-consumer car finance
trinetix 10.0 hypra.fund VC Series A* Trusted global digital product partner
newhomesmate 5.5
u.ventures, Unpopular Ventures, SID Venture Partners, Pragmatech
Ventures, Pareto Holdings, Geek Ventures, Gaingels, Flyer One Ventures,
Asymmetry Ventures, Andrew Izyumov, Vishal Rao, Roman Smolevskiy, Jon
Oringer, Jonathan Wasserstrum, Francis Santora, Edward Lando, David J.
Morrison
VC, Angel Seed
Online marketplace to find, compare and buy new
construction homes
miratech 5.0 Horizon Capital, International Finance Corporation VC Growth* Global IT services and consulting
Releaf Paper 4.3 European Innovation Council VC Series A Sustainable paper from fallen leaves
2024
AVentures Capital
24
* Estimate
25. Funding deals of 2023
Logo Target $m Disclosed Investors Funding Deal Description
HAIQU 4.0
u.ventures, Toyota Ventures, Soma Capital, SID Venture Partners, Roosh
Ventures, Paul Holland, MaC Venture Capital, Gordy Holterman, Alexi
Kirilenko
VC, Angel Pre-Seed Solutions for quantum computers
STROOM 3.5
Greenfield, Lemniscap, No Limit Holdings, Cogitent Ventures, Mission
Street, Ankr
VC, Angel Seed Liquidity for Bitcoin Lightning Network
INSTOCK 3.2
u.ventures, One Way Ventures, Lux Capital, Cybernetix Ventures,
Commerce Ventures, Amazon Industrial Innovation Fund
VC Seed Warehouse robotics and automation solutions
competera 3.0
STRATMINDS, Flyer One Ventures, Verras Capital, SMRK Fund, Transform
Partners Fund
VC Seed AI-powered retail pricing
AiSDR 2.9
Y Combinator, Terrence Rohan, SID Venture Partners, SCM Advisors, Rebel
Fund, Rahul Mehta, Pioneer Fund, Nick Bilogorskiy, Matt MacInnis, Flyer
One Ventures
VC, Angel Seed AI-powered email marketing and sales
Helsi 2.5* Undisclosed Strategic Series A* Find doctors, clinics and drugs online
MY NFT WARS 2.0
WannaBiz, Vinor Zukhubaia, Social Discovery Group, Nika Tech Family,
iLogos Game Studios, Fedor Drozdovski, Blockchain Cuties Universe,
Blackshield Capital Management, Alex Potapenko
VC, Angel Series A Play-Create-Own-based massively MMORPG
kolibrio 2.0
Jump Crypto, Everstake Capital, Delta Blockchain Fund, undisclosed angel
investors
VC, Angel Seed Building automated blockchain-based auctions
GAMETREE 1.7
Sam Yagan, President Victor Yushchenko of Ukraine, Phil Schwarz, Nicolas
Stehle, Goodwater Capital, Fullstack Ventures, Felix LaHaye, EXPERT DOJO,
Corazon Capital, Coddy Johnson
VC, Angel Seed Discover video games, teammates, friends
DEUS ROBOTICS 1.5 SMRK VC Fund VC Seed Warehouse robotics engineering and software
Masthead Data 1.3
SMOK Ventures, Monochrome Capital, focal, DEPO Ventures, Alchemist
Accelerator, undisclosed angel investors
VC, Angel Pre-Seed
Data observability that catches data anomalies in
real time
2024
AVentures Capital
25
* Estimate
26. Funding deals of 2023
Logo Target $m Disclosed Investors Funding Deal Description
finmap 1.1 SMOK Ventures, Presto Ventures, Petr Baron, Capital Genetics VC, Angel Seed* Cash flow management tool for SMEs
All Right 1.0 Capital Times Investment Advisory, Dmitry Sergeev, Peter Chernyshov Angel Seed* Online English school for children and adults
respeecher 1.0
BADideas.fund, Gary Vaynerchuk, ffVC Poland, SID Venture Partners,
Investment Capital Ukraine
VC, Angel Seed* Voice cloning for creators, movies, games
zeely 1.0
ZAS Ventures, Vesna Capital, Imaguru Ventures, Jooble Venture Lab, Angel
One, Adrian J Slywotzky, Murat Abdrakhmanov
VC, Angel Seed Mobile-first web store & ad builder with AI
osavul 1.0 SMRK VC Fund VC Seed AI-powered security against information threats
workee 0.9 SMOK Ventures, Slava Ventures, undisclosed angel investors VC, Angel Seed* Freelancer no-code online business management
awesomic 0.8
Pioneer Fund, Flyer One Ventures, Red Rooster Ventures, Michael Seibel,
Jared Friedman
VC, Angel Seed* Platform that helps companies find designers
gin e-bikes 0.6 Toloka VC VC Seed Premium e-bikes at affordable prices
FARM FLEET 0.6 Undisclosed Undisclosed Seed* Robotics for the agricultural sector
ASPICHI 0.5 SMRK VC Fund VC Seed* Developer of virtual reality solutions
ComeBack
Mobility
0.5 ZAS Ventures, Techstars VC Seed* Smart crutch tips
Harmix 0.5 Undisclosed Undisclosed Seed* AI-powered music selection for your video
2024
AVentures Capital
26
* Estimate
27. Funding deals of 2023
Logo Target $m Disclosed Investors Funding Deal Description
prengi 0.5 SMRK VC Fund VC Seed All-in-one facility management platform
ZIBRA AI 0.5 Speedrun Accelerator of Andreessen Horowitz Accelerator Seed AI-generated 3D assets
eTOLLs EU 0.5 Imperia Holding Strategic Seed* Pay tolls and avoid cash lanes on toll roads
getpin 0.4 Presto Ventures VC Seed
Tool for managing the customer experience on
third-party online platforms
PLUSPOINT 0.4 Pragmatech Ventures VC Seed* Online reputation management startup
INPUT SOFT 0.3
SID Venture Partners, Sigma Software Labs, Torino Cities - Future Techstars
Accelerator
VC Seed* Web-based software solutions for aviation
S.Lab 0.2 ZAS Ventures, Vesna Capital, IT Arena, Sasha Reminnyi VC, Angel Seed* Biodegradable packaging of hemp and mycelium
Forbytes 0.2* InSoft.Partners Strategic Pre-Seed* Global software, product development vendor
noltic 0.2* InSoft.Partners Strategic Pre-Seed* Salesforce consulting and development
Vakoms 0.2* InSoft.Partners Strategic Pre-Seed* Consulting, development for IoT, Embedded
MARK 0.2 Maksym Demianiuk Angel Seed Virtual personal medical assistant
GO TO-U 0.2 Angel One Fund Angel Pre-Seed* Platform for EV charging management
2024
AVentures Capital
27
* Estimate
28. Funding deals of 2023
Logo Target $m Disclosed Investors Funding Deal Description
Rozmova 0.2 Angel One Fund VC Pre-Seed Platform for therapists and clients
RevMyWork 0.1 Marty Krátký-Katz, Pavla Bobosikova Angel Pre-Seed Paid IT work review
justwork 0.1 Promodo Strategic Pre-Seed* Marketplace for marketers
FALCONS <0.1* Undisclosed angel investor Angel Pre-Seed* Develop, test, scale solutions for the military
GRISELDA <0.1* Undisclosed angel investor Angel Pre-Seed* High-speed processing of large data streams
ZVOOK <0.1* Undisclosed angel investor Angel Pre-Seed* Acoustic detection of low-med altitude projectiles
Mantis Analytics <0.1* Angel One Fund, undisclosed angel investor Angel Pre-Seed* Analytics for government and military
BANK of
memories
<0.1* Seier Capital VC Pre-Seed* Save and transmit digital assets to the future
DJOOKYX <0.1* Seier Capital VC Pre-Seed* Marketplace of music royalty rights
2024
AVentures Capital
28
* Estimate
29. Funding deals of 2023
Logo Target $m Disclosed Investors Funding Deal Description
Cloudprinter Undisclosed u.ventures, Brabant Development Company VC Seed* Global print-on-demand solutions
SpeedSize Undisclosed u.ventures VC Seed* AI compression of media content
drugcard Undisclosed New Nordic Ventures, Peter Chernyshov VC, Angel Seed Pharmaco-Vigilance with AI Data Intelligence
GeekPay Undisclosed Sigma Software Labs Strategic Seed Digital currencies payment tracking platform
GigRadar.io Undisclosed Belkins Strategic Pre-Seed* B2B lead generation tool for Upwork agencies
SETAFF Undisclosed NetSolid VC Pre-Seed* Affiliate company with SEO Traffic in iGaming
Adsee Undisclosed Jooble Strategic Pre-Seed Run recruiting campaigns on social media
Saldo Apps Undisclosed hi5 Ventures Strategic Pre-Seed* Sales, accounting automation for SMEs
2024
AVentures Capital
29
* Estimate
30. M&A deals of 2023
Logo Target $m Disclosed Acquirer Funding Deal Description
clickdealer 45.0 Digital Media Solutions Strategic M&A Global platform to fulfill marketing goals
Newoldstamp 3.1 Blackpearl Group Strategic M&A Email signatures marketing platform
7DEVS Undisclosed Euvic Group Strategic M&A Development of web and mobile solutions
exoft Undisclosed Euvic Group Strategic M&A Custom software development company
ARTKAI Undisclosed Euvic Group Strategic M&A Customer-centric digital engineering
Undisclosed Undisclosed Euvic Group Strategic M&A Undisclosed
Agena Tech Undisclosed beleven Strategic M&A Sweden-based technology development
Logaster Undisclosed ZenBusiness Strategic M&A Online logo maker
Plai Undisclosed Peoplelogic Strategic M&A People performance management tool
skillsetter Undisclosed Undisclosed Strategic M&A IT-focused EdTech
teraz work Undisclosed Jooble Strategic M&A Marketplace for freelance recruiters
2024
AVentures Capital
30
* Estimate
31. Grants of 2023
Logo Target $m Disclosed Investors Funding Deal Description
Releaf paper 2.7 European Innovation Council Grant Grant Sustainable paper from fallen leaves
135 different projects 2.3 Brave1 Grant Grant Military tech
Handy.ai <0.1 Ukrainian Startup Fund, Dual Use Program Grant Grant Team coordination, customer service, operations
CRAFTRUDER
(ConcreteFlow)
<0.1 Ukrainian Startup Fund, Dual Use Program Grant Grant 3D printed construction blocks
UKROPTER <0.1 Ukrainian Startup Fund, Dual Use Program Grant Grant Quadcopter and VTOL UAVs
MODULE <0.1 Ukrainian Startup Fund, Dual Use Program Grant Grant No-tech application development
Biodegradable Hemostatic Agent <0.1 Ukrainian Startup Fund, Dual Use Program Grant Grant Collagen matrix for effective bleeding stoppage
Bees Against Mines <0.1 Ukrainian Startup Fund, Dual Use Program Grant Grant Search for explosives in metal-contaminated areas
Ukraine Global
Faculty
<0.1 Ukrainian Startup Fund, Dual Use Program Grant Grant Free online lectures from leading professors
ClinCaseQuest <0.1 Ukrainian Startup Fund, Dual Use Program Grant Grant Medical simulation learning platform
Simple ZNO <0.1 Ukrainian Startup Fund, Dual Use Program Grant Grant Preparation for Ukrainian high school exit exams
Cardio AI <0.1 Ukrainian Startup Fund, Dual Use Program Grant Grant AI powered ECG analysis platform
2024
AVentures Capital
31
* Estimate
32. Grants of 2023
Logo Target $m Disclosed Investors Funding Deal Description
smart ion <0.1 Ukrainian Startup Fund, Dual Use Program Grant Grant Smart home modules for lighting and appliances
Revisor <0.1 Ukrainian Startup Fund, Glovo Ukraine Startup Lab Grant Grant Customer feedback and NPS management
DEEP LOYALTY <0.1 Ukrainian Startup Fund, Glovo Ukraine Startup Lab Grant Grant Mobile app for retail loyalty programs
NUMO ADHD <0.1 Ukrainian Startup Fund, IT Arena Grant Grant Support and productivity for people with ADHD
spendbase <0.1 Ukrainian Startup Fund, Glovo Ukraine Startup Lab Grant Grant Tracking, optimizing, and reducing software costs
jetbeep <0.1 Ukrainian Startup Fund, IT Arena Grant Grant Autonomous postal points
GAMETREE Undisclosed Overwolf Grant Grant Discover video games, teammates, friends
2024
AVentures Capital
32
* Estimate
33. Funding deals of 2024 so far
Logo Target $m Disclosed Investors Funding Deal Description
Creatio 200.0 Sapphire Ventures, StepStone Group, Volition Capital, Horizon Capital VC Series C No-code CRM and workflow automation platform
carmoola 19.2 QED Investors, VentureFriends, InMotion Ventures, AlleyCorp, u.ventures VC Series B Direct-to-consumer car finance
Fintech Farm 10* Bank of Georgia Strategic Series B Neobanks in developing countries
OneNotary 5.0
Jackson Square Ventures, u.ventures, DocuSign Ventures, GoodPaper
Ventures, Digital Future, The LegalTech Fund, Tom Gonser
VC, Angel Series A Online notary service
Portal AI 5.0
StratMinds VC, AGI House Ventures, BBQ Capital, The Patel, Amanda
Schloss, Broocknell Ventures
VC Series A Unified operations and management AI for SMEs
Esper Bionics 5.0
YZR Capital, u.ventures, European Bank for Reconstruction and
Development (EBRD)
VC Series A* Bionic prosthetics using AI and cloud data storage
KURS ORBITAL 4.0 OTB Ventures, Credo Ventures, Galaxia, In-Q-Tel, Inovo VC Seed* Docking with non-cooperative objects in space
Choice QR 2.5 J&T Ventures, Reflex Capital, Presto Ventures VC Seed All-in-one SaaS solution for restaurants
ARKIS 2.3 gumi Cryptos Capital, Roosh Ventures, G1 Ventures, Psalion VC VC Seed Raise funds for cryptocurrency operations
OpenDelta 2.2 6th Man Ventures, Boosty Venture Studio VC Pre-Seed* Use bitcoin to create USDO, a synthetic dollar
Mindly 2.0 OpenOcean VC, Patrik Backman VC, Angel Seed Marketplace for mental health specialists
peopleforce 2.0 Pracuj Ventures VC Seed All-in-one HR platform
2024
AVentures Capital
33
* Estimate
34. Funding deals of 2024 so far
Logo Target $m Disclosed Investors Funding Deal Description
lilo 1.0 Samuel Akobian, Vasyl' Zadvornyy, Dmytro Shymkiv Angel Pre-Seed B2C insurance in Ukraine
Buntar Aerospace 1.0 Undisclosed VC, Angel Seed* Developer of advanced UAVs
Beholder 1.0 InnoEnergy, Rockstart, STRT Ventures VC Seed AI for sustainable mineral exploration
Bluedot 0.6
United Angels Network, Greg Jackacky, Louis-Christophe Laurent, Alex
Orap, Bridget Harris, Daniel ShuHi, Thomas James, Andriy Skoropad, Ivan
Kohut, Zbigniew Lukasiak, OnDeck Ventures accelerator, Google for
Startups, Daniel Gross
Angel Pre-Seed Browser extension for Google Meet AI features
HIMERA 0.5
Ivan Dmytrasevich, Oleksandr Reminny, Andriy Sambir, Natalia Sambir,
Yevhen Gusarov, Oleksiy Fomichev, Andriy Skoropad, Arnaud Dassier,
United Angels Network
Angel Pre-Seed* Universal secure communication system
HOMErs 0.5 Undisclosed angel investors Angel Pre-Seed* Modular homes
Dataisland 0.5 Milleyson Holdings Ltd, Apercon Consulting Group Strategic Pre-Seed* AI assistant for CRM systems
Job Cannon 0.5 White Hill Capital VC Pre-Seed* Data-driven recruitment platform
Bynesoft 0.3 Undisclosed Strategic Pre-Seed* One API to power all your LLM applications
competera 0.3 u.ventures VC Seed* AI-powered retail pricing
EUROTRIPS 0.3* Day8 VC Pre-Seed* European group adventures for young people
2024
AVentures Capital
34
* Estimate
35. Funding deals of 2024 so far
Logo Target $m Disclosed Investors Funding Deal Description
Buntar Aerospace 0.2 Uklon founders Angel Seed* Developer of advanced UAVs
CloudAvocado 0.1 ZAS Ventures VC Pre-Seed* Cloud infrastructure cost optimisation
Fintellect 0.1 ZAS Ventures VC Pre-Seed* Finance / accounting platform for firms
Mantis Analytics <0.1 Alchemist Accelerator, ZAS Ventures VC Pre-Seed* Analytics for government and military
memoryOS Undisclosed Vesna Capital VC Pre-Seed Learning and Memory Management tools
Dynamiq Undisclosed TA Ventures, Geek Ventures, u.ventures, Diaspora Ventures VC Pre-Seed
Developer of an operational platform for corporate
gen AI applications.
legalnodes Undisclosed Vesna Capital VC Pre-Seed
Legal platform that enables businesses to set up
and operate internationally
2024
AVentures Capital
35
* Estimate
36. M&A deals of 2024 so far
Logo Target $m Disclosed Acquirer Funding Deal Description
OVO 0.5* Fozzy Group Strategic M&A Fruit and vegetable delivery service
Scalamandra 0.5* Digis Strategic M&A Team of Scala & Rust engineers
allset Undisclosed SoundHound AI Strategic M&A Food ordering platform to bypass delivery app fees
Adsme Undisclosed JobCannon Strategic M&A Prediction for targeting advertising
2024
AVentures Capital
36
* Estimate
37. Grants of 2024 so far
Logo Target $m Disclosed Investors Funding Deal Description
CARBOMINER 1.6 European Innovation Council Grant Grant CO₂ modular direct air capture
76 different projects 1.5 Brave1 Grant Grant Military tech
Nanit ROBOT <0.1 Ukrainian Startup Fund, Western NIS Enterprise Fund Grant Grant Nanit microcontroller education
INPUT SOFT <0.1 Ukrainian Startup Fund, Western NIS Enterprise Fund Grant Grant Web apps for managing airports and airlines
knopka <0.1 Ukrainian Startup Fund, Western NIS Enterprise Fund Grant Grant Digitalizing operations in hospitals
Uspacy <0.1 Ukrainian Startup Fund, Western NIS Enterprise Fund Grant Grant Unified solution for SMBs: CRM, comms, collab
Great Catalog <0.1 Ukrainian Startup Fund, Western NIS Enterprise Fund Grant Grant AI marketplace for 3D and BIM models
Melt Water Club <0.1 Ukrainian Startup Fund, Western NIS Enterprise Fund Grant Grant Eco-friendly water purification tech
formsniper <0.1 Ukrainian Startup Fund, Western NIS Enterprise Fund Grant Grant
SaaS for automates filling of tax forms and other
documents
HUMANCREED <0.1 Ukrainian Startup Fund, Western NIS Enterprise Fund Grant Grant Scholarship platform for talented, vulnerable kids
Genery <0.1 Ukrainian Startup Fund, Western NIS Enterprise Fund Grant Grant Ecosystem for finding references for filmmakers
Interview.top <0.1 Ukrainian Startup Fund, Western NIS Enterprise Fund Grant Grant IT interview platform for faster hiring
2024
AVentures Capital
37
* Estimate
38. Grants of 2024 so far
Logo Target $m Disclosed Investors Funding Deal Description
CHECK EYE <0.1 Ukrainian Startup Fund, Western NIS Enterprise Fund Grant Grant AI screening for chronic disease detection
Functional Textile Lab <0.1 Ukrainian Startup Fund, Western NIS Enterprise Fund Grant Grant Chemical lab creating fireproof clothing fibers
Playmanity <0.1 Ukrainian Startup Fund, Western NIS Enterprise Fund Grant Grant Platform offering free gaming via ads
BANK of
Memories
<0.1 Ukrainian Startup Fund, Seeds of Bravery Grant Grant Save and transmit digital assets to the future
Bees Against Mines <0.1 Ukrainian Startup Fund, Seeds of Bravery Grant Grant Search for explosives in metal-contaminated areas
better time stories <0.1 Ukrainian Startup Fund, Seeds of Bravery Grant Grant Interactive books with comforting family stories
Briller.House <0.1 Ukrainian Startup Fund, Seeds of Bravery Grant Grant Network of hubs for carbon-neutral buildings
CARETECH
HUMAN
<0.1 Ukrainian Startup Fund, Seeds of Bravery Grant Grant Remote monitoring of patients at their homes
HAIQU <0.1 Ukrainian Startup Fund, Seeds of Bravery Grant Grant Solutions for quantum computers
gios <0.1 Ukrainian Startup Fund, Seeds of Bravery Grant Grant AI math platform and tutor marketplace for K-12
LEZO <0.1 Ukrainian Startup Fund, Seeds of Bravery Grant Grant AI-powered career platform
Mantis Analytics <0.1 Ukrainian Startup Fund, Seeds of Bravery Grant Grant Analytics for government and military
2024
AVentures Capital
38
* Estimate
39. Grants of 2024 so far
Logo Target $m Disclosed Investors Funding Deal Description
Metaenga <0.1 Ukrainian Startup Fund, Seeds of Bravery Grant Grant XR learning platform for the energy sector
OPTYSUN <0.1 Ukrainian Startup Fund, Seeds of Bravery Grant Grant Portable solar-powered water purification system
PAXHELPER <0.1 Ukrainian Startup Fund, Seeds of Bravery Grant Grant Civil aviation operations platform
PROGALIT <0.1 Ukrainian Startup Fund, Seeds of Bravery Grant Grant Automating treatment, prevention of kidney stones
V-ART <0.1 Ukrainian Startup Fund, Seeds of Bravery Grant Grant Automating IP licensing for brands and AI tools
2024
AVentures Capital
39
* Estimate
40. Deals of 2022*
Logo Target $M Disclosed Investors Funding Deal Description
Rentberry 15.0 Crowdfunding on StartEngine, WeFunder, Republic Crowdfunding Series B Platform for long-term housing rental
Helsi 2.5* Undisclosed Strategic Series A* Find doctors, clinics and drugs online
2024
AVentures Capital
40
* Deals disclosed after the publication of last year’s report; the aggregate amounts for 2022 are adjusted in this report
41. Appendix B – Early-stage portfolios
2024
AVentures Capital
41
Sources: AVentures Capital, u.ventures, Flyer One Ventures (F1V), TA Ventures (TAV)
exited
exited
exited
2024 2024 2024 2023
2023
2023
2023
exited 2023
selected Ukrainian companies
2024
2023
2023
exited exited
2023
2023
2024
2023
exited
* Yevgen Sysoyev’s personal track record
Unicorn*
*