Venture investments into Ukrainian IT companies have reached $510M

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For the first time investments in Ukrainian startups and IT companies have reached a half-billion mark in a year, according to the new annual report by the Ukrainian Venture Capital and Private Equity Association.

The total volume of venture investments into Ukrainian IT companies has reached $510M, which is one and a half times more than the maximum of 2018.

In 2019, the volume of M&A transactions (mergers and acquisitions) increased by 18 times. 15 M&A deals have totaled $460M while in 2018 there were 7 transactions worth $25.2M.

TOP-10 deals in 2019:

Growth

  • GitLab, $268M
  • Grammarly, $90M
  • People.ai, $60M
  • JiJi.ng, $21M

Series A:

  • Allset, $5M
  • Unstoppable Domains, $4M
  • MyCredit, $3M
  • AllRight, $1.5M

Seed:

  • PromoRepublic, $2.3M
  • RetargetApp, $1.5M
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