Ukraine's startup ecosystem has changed in the last two years, creating a landscape that is markedly different from the pre-conflict environment.
Startups are prioritizing solutions to basic needs such as security, internet access, and electricity. Investment has become increasingly difficult, with the risk associated with funding Ukrainian startups rising. However, established startups with proven success, have managed to secure significant funding, showcasing resilience in the face of adversity.
Here are ten companies that have demonstrated resilience in these challenging times, thus strengthening the development of the Ukrainian tech ecosystem.
Preply
Industry: Education
Amount raised in 2023: €62.5M
Preply is an online learning platform that connects students with tutors from around the world for personalized lessons.
The company offers one-on-one tutoring, helping users achieve their learning goals through flexible, interactive sessions. The platform uses a search algorithm to match students with tutors based on their needs and preferences.
With a focus on accessibility and customization, Preply has grown into a global marketplace for language learning, offering lessons for both personal and professional development.
Trinetix
Industry: Software
Amount raised in 2023: €9.5M
Trinetix is a digital product development company that specializes in creating custom technology solutions for businesses.
The company collaborates with visionary leaders to transform impactful ideas into digital solutions through innovation, creativity, and partnership. They aim to drive meaningful change and cultivate a culture that encourages exploration, and creativity and empowers people to reach their full potential.
The company’s mission is to unlock new opportunities for individuals and organizations to address today’s challenges and shape the future.
NewHomesMate
Industry: Real estate
Amount raised in 2023: €5.1M
NewHomesMate is a company that specializes in helping homebuyers find and purchase new construction homes.
With a user-friendly online platform, the company connects buyers with new home communities, offering personalized guidance and detailed information about properties, builders, and neighbourhoods.
NewHomesMate focuses on simplifying the home-buying process by providing expert insights and tailored recommendations, making it easier for buyers to discover their ideal new home.
Releaf Paper
Industry: Cleantech
Amount raised in 2023: €4M
Releaf Paper is a company that produces sustainable paper by recycling fallen leaves.
By transforming an abundant natural resource into high-quality, eco-friendly paper products, Releaf Paper offers an environmentally conscious alternative to traditional paper manufacturing.
The company has developed a patented technology for transforming fallen leaves into fibres. Through a combination of mechanical, thermal, and chemical processes, Relaf Paper not only recycles green waste but also provides a sustainable source of raw materials for the paper and packaging industries.
Haiqu
Industry: Software
Amount raised in 2023: €3.7M
Haiqu is an innovative technology company focused on revolutionizing quantum computing.
By developing advanced tools and solutions, Haiqu aims to enhance the performance and scalability of quantum systems, making them more accessible and practical for real-world applications.
The company’s expertise lies in optimizing quantum algorithms and hardware to accelerate breakthroughs across industries such as pharmaceuticals, finance, and materials science.
Stroom Network
Industry: Fintech
Amount raised in 2023: €3.2
Stroom Network is a bitcoin liquid staking protocol on the Lightning Network, enabling BTC holders to earn Lightning routing fees while also offering the option to generate additional yield within Ethereum’s DeFi ecosystem.
By enabling users to tokenize Bitcoin and integrate it into the Lightning Network, Stroom increases transaction speed and reduces costs for Bitcoin transfers.
The platform offers users greater flexibility and earning opportunities through staking and liquidity provision while promoting scalability and efficiency within the Bitcoin ecosystem.
Kolibrio
Industry: Developer tools
Amount raised in 2023: €1.9M
Kolibrio is the first BEV (Broadcaster Extractable Value) Relay that empowers transaction broadcasters such as node providers, non-custodial wallets, cross-chain bridges, and other dApps to enhance user experience, enable MEV ownership, optimize infrastructure, and boost overall profitability.
Kolibrio focuses on optimizing blockchain transactions, enabling users to maximize value extraction without compromising the integrity of the network.
By advancing MEV strategies, Kolibrio plays a key role in enhancing the performance and fairness of decentralized finance (DeFi) ecosystems.
GameTree
Industry: Gaming
Amount raised in 2023: €1.6M
GameTree is a dynamic platform designed to connect gamers with personalized game recommendations and communities.
By leveraging advanced algorithms and user preferences, GameTree offers tailored game suggestions and helps users discover new titles that match their interests.
The platform also fosters social interaction, allowing gamers to join communities, share experiences, and collaborate on gaming adventures.
Deus Robotics
Industry: Robotics
Amount raised in 2023: €1.4M
Deus Robotics is offering a smarter approach to warehouse automation.
Their cutting-edge AI platform quickly and seamlessly integrates robots from any manufacturer, enhancing their capabilities. They also offer AI-powered robots that cover the majority of automation needs.
With their all-in-one solution, warehouses can easily control all current and future robots, driving efficiency across different workflows in the facility. Warehouses can also effortlessly switch robotics providers as needed with no repeated integration time and costs.
Deskree
Industry: Cloud
Amount raised in 2023: €1.4M
Deskree is a cloud platform designed to streamline and enhance backend development and infrastructure management for businesses and developers.
Specializing in user-friendly tools for collaboration, project management, and productivity, Deskree helps teams streamline workflows and enhance communication.
By offering customizable and scalable solutions, the company aims to empower businesses to optimize their operations and improve overall efficiency seamlessly and intuitively.
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