The 20 Largest Ukrainian Startup Funding Rounds in 2021

The 20 Largest Ukrainian Startup Funding Rounds in 2021

Ukrainian startups in 2021 attracted investments of tens and even hundreds of millions of dollars. We present Largest Startups in Ukraine in 2021 in terms of attracted funds

In 2021, several startups with Ukrainian founders became the “unicorns” by breaking the $ 1 billion market capitalization.

There are the TOP-20 Ukrainian startups (сompanies with founders of Ukrainian origin), which attracted the largest amount of investments in 2021.

The total investment that Ukrainian startups attracted in 2021 amounted to $ 1.68 billion. According to a study by InVenture, the total volume of the M&A market in Ukraine at the end of 2021 amounted to $ 2.72 billion, while for the technology sector (mostly IT) accounted for approximately 30% of investment transactions.

Startup Ukraine: Ukrainian startups and news about startups in Ukraine

  1. Revolut
  • Valuation: $ 33 billion
  • Raised investments: $ 800 million
  • More about the deal
  • Established: 2015
  • Founders: Vlad Yatsenko, Nikolay Storonsky
  • Startup Offices: London

Revolut is a "no branch" banking service. Revolut products are an application and card linked to multiple accounts in different currencies. For example, if you pay in euros, the funds will be debited from the corresponding account. If they are not enough, currency can be converted between accounts. In addition, Revolut allows you to buy cryptocurrency and securities.

  1. Grammarly
  • Valuation: $ 13 billion
  • Raised investments: $ 200 million
  • More about the deal
  • Established: 2009
  • Founders: Alexey Shevchenko, Maxim Litvin, Dmytro Lider
  • Startup offices: Kiev, San Francisco, New York, Vancouver

The online grammar checking platform Grammarly is based on artificial intelligence technologies. The service improves the quality of the letter, giving recommendations regarding the correctness, clarity and even tone of the message. Grammarly's programs and extensions are used by over 30 million people a day.

  1. Firefly Aerospace
  • Valuation: $ 1 billion
  • Raised investments: $ 200 million
  • More about the deal
  • Established: 2014
  • Founders: Max Polyakov
  • Startup Offices: Austin (TX, USA)

Firefly Space Systems is a privately held aerospace company that develops lightweight launch vehicles for launching small satellites and cubesats into space. The company is a proponent of New Space, a movement in the aerospace industry that aims to expand access to space by using technical innovations, as well as by overcoming the administrative and logistical constraints associated with dependence on national space institutions.

  1. People.ai
  • Valuation: $ 1.1 billion
  • Raised investments: $ 100 million
  • More about the deal
  • Established: 2016
  • Founder: Oleg Roginsky
  • Startup offices: San Francisco, Kyiv, Lviv, Kharkiv, Dnipro and others

The company operates in the field of AI for Sales - a decision support system based on a CRM database. Allows companies to collect and analyze calendars, calls and inboxes of employees, thereby improving work efficiency.

  1. Universal Hydrogen
  • Raised investments: $ 82.5 million
  • More about the deal
  • Established: 2020
  • Founder: Paul (Pavel) Eremenko
  • Startup Office: Los Angeles

Engaged in the development of solutions for the conversion of commercial aircrafts. The founder is convinced that hydrogen-based fuels are the only way for aviation to fight global warming.

  1. Creatio
  • Raised investments: $ 68 million
  • More about the deal
  • Established: 2011
  • Founder: Ekaterina Kostereva
  • Startup offices: Kyiv

Creatio develops low-code technologies that help large and medium-sized companies optimize and accelerate the sales, marketing, service and operational processes of an organization. The Creatio group includes Terrasoft, a manufacturer of the Creatio low-code platform for business process management and CRM.

  1. Matter Labs
  • Raised investments: $ 50 million
  • More about the deal
  • Established: 2019
  • Founders: Alexey Glukhovsky, Alex Vlasov
  • Startup office: Kyiv

Startup Matter Labs is scaling the Ethereum network in order to preserve the values of decentralization and security. ZkSync technology allows to conduct transactions with lower losses and higher throughput.

  1. AirSlate
  • Valuation: $ 1.5 billion
  • Raised investments: $ 40 million
  • More about the deal
  • Established: 2008
  • Founders: Vadym Yasinovsky
  • Startup office: Kyiv, Boston

AirSlate is a SaaS company (formerly PDFfiller), the main product of which is a service for document flow automation. AirSlate's code-free business automation solutions enable non-technical users to digitize their business processes by converting them to cloud services.

  1. Preply
  • Raised investments: $ 35 million
  • More about the deal
  • Established: 2012
  • Founders: Kirill Bihay
  • Startup office: Kyiv, Barcelona

Preply is an international online educational platform that allows to find tutors for distance learning. Preply provides an opportunity to find tutors in more than 50 world languages, as well as teachers of mathematics, biology, chemistry, physics, etc.

  1. Rallyware
  • Raised investments: $ 22 million
  • More about the deal
  • Established: 2019
  • Founders: George Elfond, CEO and Mykhaylo Kostandov, CTO
  • Startup office: San Francisco, Los Angeles, San Antonio, Salt Lake City, Amsterdam and Kharkiv

Rallyware is an online platform for increasing productivity and efficiency in remote and distributed work. By analyzing the performance data of each employee in real time and identifying gaps in their knowledge and skills, Rallyware offers personalized paths to improve productivity through timely training and work activity.

  1. Revenue Grid
  • Raised investments: $ 20 million
  • More about the deal
  • Established: 2005
  • Founder: Vlad Voskresensky
  • Startup office: Kyiv

The Revenue Grid was previously called Invisible.io. The SaaS platform enables companies to automate the sales process, make it as transparent and manageable as possible, while simultaneously offering the most optimal AI-based deal management strategies.

  1. Show4me
  • Raised investments: $ 15 million
  • More about the deal
  • Established: 2015
  • Founder: Karen Chiftalaryan
  • Startup office: Berlin, London

Show4me is positioning itself as a music social network for interaction between fans and musicians. Musicians create their own artist clubs based on the platform, where they can manage the online part of their business, do online streams, sell tickets, distribute merchandise and publish exclusive content - tracks, albums and much more. Today, more than 30 thousand musicians are registered on the platform.

  1. SOC Prime
  • Raised investments: $ 11.5 million
  • More about the deal
  • Established: 2015
  • Founders: Alexander Bredikhin, Ruslan Mikhalev, Andrey Bezverkhy
  • Startup offices: Ukraine, Spain, Germany and the USA

SOC Prime creates and sells cybersecurity algorithms for individuals and companies. Currently, the SOC Prime library has over 100 thousand algorithms.

  1. 3DLook
  • Valuation: $ 70 million
  • Raised investments: $ 10 million
  • More about the deal
  • Established: 2016
  • Founders: Vadim Rogovsky, Alexey Arapov, Ivan Makeev
  • Startup offices: Odesa, Kyiv, Lviv

The startup has patents for technologies that scan the human body and uses artificial intelligence to create a 3D model to determine size and other physical parameters. The main clients are companies engaged in the production and sale of clothing.

  1. Influ2
  • Raised investments: $ 8 million
  • More about the deal
  • Established: 2016
  • Founders: Vladimir Mikhalko and Dmitry Lisitsky
  • Startup office: San Francisco, Los Angeles, San Antonio, Salt Lake City, Amsterdam and Kharkiv

Influ2 startup is developing a B2B ad targeting platform. With Influ2, advertisers can target ads to a specific list of people, track interactions with them, and reconnect with the audience that saw it.

  1. Scalarr
  • Raised investments: $ 7.5 million
  • More about the deal
  • Established: 2016
  • Founders: Inna Ushakova and Yuri Yashunin
  • Startup office: Wilmington, San Francisco, Kharkiv and Kyiv

Scalarr is creating a tool for app developers and marketers that detects fraudulent schemes at all stages of an advertising campaign.

  1. Upswort
  • Raised investments: $ 4.3 million
  • More about the deal
  • Established: 2019
  • Founders: Andrey Davydchuk, Yaroslav Yaroslavsky, Dmitry Norenko, Dmitry Sivolap
  • Startup office: USA

The service allows banks to view the financial condition of a business through direct access to accounting systems, CRM and other data. Businesses, in turn, get cheap loans and better deposit rates.

  1. Delfast
  • Raised investments: $ 3.4 million
  • More about the deal
  • Year established: 2014
  • Founders: Daniil Tonkopiy and Sergey Denisenko
  • Startup office: Kyiv, California

Delfast develops e-bikes with the longest travel distance in the world. This achievement was noted in the Guinness Book of Records as the longest distance traveled on an electric bike - 367 km on a single battery charge.

  1. Let’s Enhance
  • Raised investments: $ 3 million
  • More about the deal
  • Established: 2018
  • Founders: Vladislav Pranskevichus, Sofia Shvets and Alexander Savsunenko
  • Startup office: San Francisco, Kyiv

Startup Let’s Enhance is developing a platform for image processing using neural networks - Claid. Companies integrate Claid through the API, set the desired image parameters and neural networks edit photos step by step: improve their quality and clarity, correct color and tone, remove the background and compress to the specified parameters.

  1. Awesomic
  • Raised investments: $ 2 million
  • More about the deal
  • Established: 2020
  • Founders: Roman Sevastyanov, Anastasia Pavlishina

The platform helps businesses find designers. The algorithm divides the customer's tasks into parameters and selects a specialist for them. The client gains access to a community of professional designers capable of performing a wide range of tasks.


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