Tag: European VC ecosystem

7 Ukraine-based Startups Braving the War to Rebuild the Country
Business, Europe

7 Ukraine-based Startups Braving the War to Rebuild the Country

Early in February 2022, Russia's invasion of Ukraine shook the European VC industry. According to reports, Ukraine has 28 VC-backed firms that raised a total of $10.4M in 2021, even though the Ukrainian startup scene is very tiny compared to other European nations. The country was destined for prosperity, but today, due to offensive Russian militancy, the Ukrainian startup scene of 2022 is battling to stay afloat in the face of war dead and daily threats. Here are 7 Ukrainian startups, from within Ukraine and now migrated, braving the war to rebuild the country with inputs from Ratmir Turchaninov, a copywriter at a Ukraine-based startup SapientPro. Petcube Based in San Francisco, California, United States, Petcube was founded in 2012 in Kyiv, Ukraine, by Alex Neskin, Yaroslav Azhnyuk...
An Analysis of Ukrainian Startup Scene Amid Russian War
Business, Europe

An Analysis of Ukrainian Startup Scene Amid Russian War

Russia's invasion of Ukraine shocked the whole European VC ecosystem in early February 2022. Albeit the Ukrainian startup scene is relatively small compared to other European countries, Ukraine reportedly had 28 VC-backed companies that collectively raised $10.4M in 2021. The country was growth bound, but now with the offensive Russian militancy, the Ukrainian startup scene in 2022 is struggling to stay afoot amidst war deaths and everyday threats.  To understand the situation better, we spoke with Michael Clouser, CEO and co-founder of The Startup Race. They explained the impact of the Russia-Ukraine War on the overall EU startup ambitions. He said, "As a part of our accelerator services, we write and endorse Startup and Innovator Visas in the United Kingdom. Because of the sudden ...
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