BlaBlaCar, the world’s leading long-distance carpooling platform, announced that it has offered to acquire Busfor, Russia and Ukraine’s largest online bus ticketing platform. Just last year, BlaBlaCar expanded beyond car sharing to incorporate bus service, aiming to increase its hold on road mobility and satisfy more passengers. With 7,000 bus carriers, Busfor will cement BlaBlaCar’s […]
Perion Network, an Israel-based internet company, has acquired Ukrainian AI startup Septa Communications, better known as Captain Growth; Perion stated that the total amount of the deal is $3.75 million, which consists of a cash payment at closing and earn-outs that are to be paid within two years provided the startup reaches its performance goals. […]
Editor’s note: This article from Ukraine Digital News was syndicated with permission. Two industry reports have been released this week, bringing fresh data and analysis about the software development industry in Eastern European countries. The first report was issued by a consortium of leading local investment firms (AVentures Capital, Aventis Capital, and Capital Times) in partnership with IT service […]
US-based IT services company DXC Technology has reached a definitive agreement to acquire Luxoft, a custom software development company founded in Russia and currently headquartered in Switzerland, for $2 billion in an all-cash deal. “Luxoft and DXC are highly complementary, and our shared vision of digital transformation makes this strategic combination a great fit for both […]
London-based VC fund and startup service provider K&T Capital has closed a €20 million funding round from unspecified private investors. Co-founded by Ukrainian-born Roman Taranov, who is also the co-founder and CEO of the payment aggregator RGK Mobile, K&T Capital focuses on post-seed stage startups coming from Eastern Europe and the CIS. K&T is on […]
Ukrainian-American startup 3DLOOK has secured a $1 million seed round from u.ventures, 500 Startups, and angel investors. The deal, which was first announced in May without disclosing the amount, brings the total funding raised by the startup to $1.4 million. 3DLOOK plans to use the fresh funding to expand its engineering team and further develop […]
Tech.eu took a trip to Seedstars CEE Summit in Kyiv to take the pulse of the Ukrainian startup scene.