Tech
On Feb. 8, the Diia City, a special legal and tax regime for IT businesses, came into force. With Diia City, the government wants to raise the share of the IT sector in the country’s gross domestic product to 10% from the current 4%. As of Feb. 11, three days after ...
Tech
Spanish food delivery service Glovo has signed an acquisition deal with the Ukraine-based grocery delivery service Zakaz.ua, Ukrainian tech media Ain.ua reported on Jan. 21. The companies didn’t disclose the acquisition cost, but according to experts’ estimates, the negotiations could have started at $15-20 million and shouldn’t have exceeded $50 million. According to Ain, ...
Tech
The U.S. cellphone chip manufacturer Qualcomm has acquired Ukraine-founded startup Augmented Pixels for an undisclosed amount, Forbes Ukraine reported on Jan. 15. Augmented Pixels, founded by Ukrainian Vitaliy Goncharuk, develops virtual and augmented reality software. The company hasn’t yet published an official statement about the acquisition, but it changed its ...
Tech
On New Year’s night, Dec. 31, thousands of people flocked to Dubai downtown to see a futuristic laser show displayed on the walls of the world’s highest building – Burj Khalifa. The company responsible for this show is Ukrainian Magic Innovations that claims that they are the first Ukrainians to ...
Tech
Venture funding in Ukrainian startups hit an all-time high in 2021. Startups with Ukrainian founders attracted a record $1.5 billion from local and foreign investors in 2021, according to the Kyiv Independent’s estimates, compared to $577 million last year. The actual number could be even higher as dozens of other ...
Tech
When Ukrainian tech entrepreneur Dima Shvets was a child, he wanted to “get inside a movie” – become an actor or a favorite character. With the mobile app called Reface, which Shvets and his friends cofounded in 2020, his dream has finally come true. Reface uses technology called deepfake that ...
Tech
President Volodymyr Zelensky on Dec. 18 signed a bill creating a special taxation system for tech firms. Bill №5676, approved by the parliament on Dec. 14, is the second of three laws that are necessary to create the Diia City system. Diia City is a collection of tax, employment and legal ...
Tech
Ukrainian startup Awesomic has attracted $2 million of investment to grow its service, which matches web designers with online businesses, according to its co-founder Stacy Pavlyshyna. Awesomic wants to use the money to expand its team to 50 people and attract more designers to its website. Among the company’s investors are ...
Tech
From January 2022, Ukraine will apply a 20% tax on web-based services provided by foreign tech firms. According to the law, passed by parliament in June, foreign tech companies have to pay a 20% value-added tax, or VAT, for digital services they provide to local users. The law targets products ...
Tech
Ukrainian-Swiss startup Blocksport has raised $6 million in an initial coin offering, the company’s co-founder Volodymyr Liulka announced on Dec. 7. Investors included Chinese digital asset manager FBG Capital, the Dubai-based venture fund NewTribe VC, Mexican crypto platform MEXC, and Australian investors LVT Capital, among others. Initial coin offerings or ...
