TLDR:
- 18 Ukrainian startups attracted at least $42M in venture investment during the first quarter of the year.
- Most of the funding rounds were in the early stages of pre-seed and seed, typical for the Ukrainian ecosystem.
Summary:
During the first quarter of the year, 18 Ukrainian startups managed to secure at least $42M in venture investment. This number may actually be higher as not all deals were publicized. One notable investment was received by Zhytomyr software developer Viseven from Horizon Capital in January. Typically, such investments range from $10M to $30M. Another standout performer was Carmoola, a British car lending service with Ukrainian founders, which closed a funding round for £15.5M ($19.6M) early in the year. OneNotary, an online notary service provider in the US, also managed to raise $5M for scaling their operations. It is worth mentioning that over 80% of the funding rounds were in the early stages of pre-seed and seed, which are common stages for startups in Ukraine. One unique aspect was the rare private investments in defense development, with Himera, a manufacturer of REBU-resistant radios, attracting the most significant investment of $525,000.
