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Ukraine’s venture market resumes growth; local startups targeted by global tech giants

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Ukraine Digital News and AVentures Capital released today the 2016 edition of “The Deal Book of Ukraine” – an in-depth report on the emerging Ukrainian venture and startup industry. Made available in English, this 120-page study features more than 180 deals that were made public or identified in 2014 and 2015. Among the most spectacular events of this period was Snapchat’s acquisition of Looksery, a Ukraine-originated startup which developed augmented reality filters for selfies. The deal amounted to some $150 million, according to industry sources. Other notable acquisitions of 2015 include those of Ericpol by Ericsson, Maxymiser by Oracle, and Jeapie by Canada’s Mobify, all for undisclosed amounts. According to the report, the tech investment market reached $132 million in total volume in 2015. While the performance looks modest in comparison with advanced European countries, it is impressive for Ukraine. This very young market demonstrated a 240% growth compared with the year before

Source: Report: Ukraine’s venture market resumes growth; local startups targeted by global tech giants


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