This investment marks a significant milestone for both countries, as it signals the beginning of cross-border venture capital investments between Ukraine and Moldova.
U.Ventures was established by the Western NIS Enterprise Fund, which has over 26 years of successful investing experience in Ukraine and Moldova. The fund invests in early-stage startups across a range of sectors, including fintech, e-commerce, SaaS, and more. Prior investments of U.Ventures include Fintech Farm, DRESSX, Mate Academy, 3DLOOK, Turnkey Lender, Rallyware, Petcube, and others. In addition to investments, the fund also supports innovative projects aimed at developing entrepreneurial and engineering culture in Ukraine.
“We are thrilled to be backing Bloomcoding, in what is u.ventures first investment in a tech company from Moldova. We have been impressed by the bold vision and relentless execution demonstrated by Emil and his team, in what is a great testament to the
extraordinary engineering and entrepreneurial talent in our region” – said Jaroslawa Z.
Johnson, President and CEO of Western NIS Enterprise Fund The funding round for Bloomcoding garnered the interest of top CEE VCs, including Credo, known for its investment in unicorn UiPath, and Inovo, known for its investment in Booksy. This marks the first time these VC firms have committed to a Moldovan startup, further validating the potential and progress of Bloomcoding.
"With the €1 million funding round, Bloomcoding aims to continue developing its unique curriculum while also expanding into two new markets," said Emil Chichioi, CEO of Bloomcoding. "We are excited to have the support of U.Ventures, Credo, and Inovo, as we work to bring our innovative approach to more children and families worldwide. Keep an eye out for more announcements on this in the near future."
In just one and a half years since its launch, Bloomcoding has shown potential to become a market leader in online coding education for children. The company has reached 1,000 students taking classes monthly and has ca tured a significant market share in Romania and Bulgaria. Bloomcoding's unique curriculum utilizes AR and VR technologies, providing an interactive and fun way for children to learn coding and other digital skills.
"I strongly believe the future requires creative engineering. Children who learn to code via constructing games and personalized projects will develop into not only users but also creators. They will be ready for the digital challenges that lie ahead," Mihaela Kawinska, co-founder and COO at Bloomcoding, reveals.
The company's mission is to equip children with the tools and skills they need to succeed in the digital age. With the incorporation of AR and VR technologies in its curriculum, Bloomcoding is doing just that, by providing an interactive way for children to learn coding and other digital skills. With the help of its investors, the company will be able to broaden its impact and continue to revolutionize the way children interact with technology.