Friday, December 2, 2022

Mate Academy startup raises $1.9 million from Ukrainian, European investors

by Daryna AntoniukNovember 14, 2021 5:25 pm
Mate Academy/Facebook

The school plans to use this funding to expand in the American and European markets, its cofounder Anna Apostol said on Nov. 12.

Mate Academy teaches programming online for free in exchange for 17% of its students’ first two years’ salary after employment. The company says it has over 1,500 employed grads, each of whom earns $3,500-$4,000, according to Forbes Ukraine.

Founded in 2015, the company has received over $2.5 million from investors.

Daryna Antoniuk
Daryna Antoniuk
Tech reporter

Daryna Antoniuk is a tech reporter at the Kyiv Independent. She worked in the same role at the Kyiv Post and has focused on Ukrainian startups, investment and the fintech market. Antoniuk previously was a tech reporter for Forbes Ukraine. Her work has also been published at Sifted and The Record. She graduated from Taras Shevchenko National University in Kyiv with BA in journalism and communications.

Independent journalism
for an independent Ukraine
Independence is an expensive currency. Both Ukraine and its journalists are paying a high price to preserve its independence. Support Ukraine's trusted journalism in its darkest hour.