Kyiv, Ukraine · Startup Overview: Ajax Systems is a leading security technology startup and is now the largest manufacturer of professional security systems in Europe. The company develops and produces a range of smart security devices for homes and businesses - including wireless motion detectors, door/window opening sensors, glass break sensors, fire alarms, flood detectors, and control panels - all connected via Ajax's proprietary radio communication technology. An Ajax security system typically centers around a smart hub and can integrate over 50 different sensors and sirens to provide comprehensive intrusion detection, fire safety, and even smart home automation. The devices are known for their sleek design (winning multiple Red Dot design awards) and reliable performance (long battery life, extended wireless range, resistant to jamming). Users manage the system through Ajax's mobile app, receiving instant alerts and being able to arm/disarm or monitor their property from anywhere. Unlike traditional wired security systems, Ajax's wireless approach allows easy installation and scalability. With its combination of hardware and software, Ajax Systems has effectively become a security platform protecting over 1 million premises in more than 120 countries. Founding Story (2011): Ajax Systems was founded in 2011 in Kyiv, Ukraine by Oleksandr (Alexander) Konotopskyi. Konotopskyi started Ajax in his mid-20s, with a vision to build a security system that was both high-quality and affordable, targeting a gap in the market between cheap unreliable alarms and overly expensive Western systems. In the early days, Ajax was literally a garage startup - the team of engineers hand-soldered the first devices themselves. They focused initially on creating a car alarm and simple motion detectors, but soon pivoted fully to smart home security. The name "Ajax" was chosen to signify agility and strength (after the Greek hero). The company struggled to find capital at first, as Ukraine in 2011 had limited VC presence. In 2015, Ajax got its first external investment of $1M from SMRK, a local fund run by MacPaw's CEO, which allowed scaling production. A major milestone was around 2016 when Ajax launched its second-generation system with the Jeweller radio technology and a polished mobile app - this got attention in European markets. By 2017, Ajax started exporting its devices beyond Ukraine, and a turning point came when it won a prestigious security industry award in the UK, helping build global credibility. The founding story is one of persistence: Konotopskyi has often recounted how many advised him that manufacturing electronics in Ukraine was impractical, but he proved it possible with a highly motivated local team. Product and Innovation: Ajax's product line today includes about 180 products covering intrusion detection (motion, opening, glass break sensors), fire safety (smoke and CO detectors, fire alarm), flood prevention (leak detectors), plus sirens, keypads, panic buttons, and relay modules to control third-party devices. The system connects via radio frequencies (868 MHz band in Europe, etc.) with range up to 2000 meters and has advanced encryption. One of Ajax's innovation points is its proprietary OS Malevich that runs the hubs, enabling over-the-air updates and new features. The Ajax mobile app provides a modern UX that was missing in older alarm systems. Another innovative aspect is battery life - sensors can work 5-7 years on one battery, addressing a pain point of wireless security. Ajax also built a technology called Wings for photo verification - some motion detectors have cameras that can send photos when triggered, so users and alarm companies see if an intruder is present. The target market for Ajax includes both residential customers and small businesses/shops, as well as larger commercial clients (they have a heavier-duty hub for enterprise). The systems are typically sold and installed via a network of 1,100+ authorized security providers/installers globally, rather than direct to consumer only. This channel strategy helped Ajax penetrate traditional security markets in Europe, Asia, and beyond. Traction and Scale: The growth of Ajax Systems has been remarkable, especially post-2015. As of late 2023, Ajax serves over 4 million end users worldwide who rely on its security systems. It has become the top alarm system brand in Europe by units sold - a feat for a Ukrainian company competing with legacy giants. The company's revenue reflects this: in 2023, Ajax's revenue was around UAH 7.5-8.5 billion (Ukrainian hryvnia), roughly $200+ million USD, showing rapid growth from just a few million USD a decade prior. It's been profitable and reinvesting in expansion, now running multiple manufacturing plants. Ajax exports to over 120 countries, with key markets including Italy, Spain, France, the UK, and also growth in the Middle East and Latin America. In Ukraine, Ajax became a market leader, protecting many homes even amid the war. The company's workforce grew to around 2,500 employees (by 2025) spread across R&D centers in Kyiv, hardware development in Kharkiv, and manufacturing facilities in Ukraine and a new plant in Turkey (opened 2022) and recently in Vietnam (opened 2025 to diversify production). These expansions are partly in response to risk management due to regional instability, but also to meet surging global demand. Ajax's products have received numerous awards in the security industry and technology circles for innovation. Funding and Investors: Ajax's funding journey started with local investors. The initial $1M from SMRK in 2015 and early revenues got the company off the ground. A significant boost came in 2019 when Horizon Capital, a U.S.-Ukrainian private equity firm, invested $10 million for a minority stake. This effectively was Ajax's Series A, and it valued the company north of $70M reportedly. Horizon's investment provided growth capital to scale production and international sales. Interestingly, Ajax never took traditional Silicon Valley VC funding; by the time it was on VC radar, it was already profitable and scaling via PE style funding. EBRD also extended some debt financing to Ajax as it expanded manufacturing. Total external funding is relatively modest (about $11M equity and some debt), as the company's strong revenue allowed it to fuel growth internally. PitchBook data shows Ajax's valuation surpassed $100M by 2020, and given the revenue growth, some speculated it could approach unicorn status if valued on a typical tech multiple (though security hardware might have lower multiples). Achievements and Impact: Ajax Systems stands out as one of the most successful hardware startups from Eastern Europe. Achievements include becoming the number 1 security system brand in Europe within 10 years, something even the founder calls "building the Apple of security in Ukraine." The products have achieved a level of reliability that professional security companies trust - over 1,200 security companies (alarm response centers) around the world integrate with Ajax's system to provide monitoring services. Ajax's impact in Ukraine is also profound: it built local manufacturing when many said it was impossible, created thousands of jobs, and became one of Ukraine's top tech exporters. Even during the 2022 Russian invasion, Ajax kept its factories in Ukraine running (with precautions and relocating some lines to safer regions) and supported the war effort by developing an "Air Alarm" app for Ukrainians (in partnership with the government) to warn of missile attacks. This app uses Ajax's expertise in instant mass notification and became a widely used tool, saving lives. Ajax's success has been a beacon for Ukraine's tech industry, proving that a hardware company can scale globally from Ukraine. In recognition, founder Konotopskyi received national awards and is often cited among top Ukrainian entrepreneurs. The company's plans include possibly an IPO in the future once global expansion stabilizes. It continues to innovate - recent new products include automation devices (to control lights, thermostats, etc., moving Ajax towards smart home, not just security). By coupling security with convenience, Ajax is carving out a role in the broader IoT and smart home market. In summary, Ajax Systems transformed from a Kyiv startup into a global security powerhouse, all while keeping its R&D and much of its production in Ukraine, which is a testament to the talent and resilience of Ukrainian engineers and business leaders. Sources: inventure.com.ua, euristiq.com, techukraine.org, ajax.systems.
Kyiv, Ukraine · Startup Overview: Allset is a food-tech startup that provides a platform for online restaurant ordering and pickup. Originally launched as a dine-in pre-ordering app, Allset allows customers to pre-order meals at restaurants so that the food is ready at a scheduled time and they can "skip the line". Over time, Allset expanded to enable standard takeout orders, curbside pickups, and even contactless dine-in where you arrive and your meal is served immediately. The convenience factor is central: Allset's app lets users browse menus of partner restaurants, pay in advance (including tip), and streamline the eating experience without waiting. For restaurants, Allset offers a marketplace to attract busy professionals and on-the-go diners, while avoiding the high fees of delivery services. By focusing on pickup and in-restaurant efficiency, Allset positioned itself as a lower-cost alternative to delivery apps for eateries, promising no couriers or delivery logistics - just seamless pickup transactions. As of 2021, Allset had thousands of restaurant partners, particularly in major U.S. cities, and had broadened its use-case to also support contactless dining during the COVID-19 pandemic. Founding Story (2015): Allset was founded in 2015 by two Ukrainians, Stas Matviyenko (Stan) and Anna Polishchuk, who moved to California to grow the business. The founders previously built a mobile payments startup in Ukraine (Settle), which gave them insight into restaurant payment pain points. They noticed that busy professionals often have limited lunch break time and that waiting for service at restaurants ate up much of it. Thus, Allset was conceived to let users pre-order and pre-pay for meals so they could "set" everything in advance and have all set when they arrive (hence the name). The concept started with a few restaurants in San Francisco and New York participating. Early growth was modest as it required signing up restaurants one-by-one and changing consumer habits. However, by offering a win-win - restaurants get more turnover at lunch with guaranteed orders, customers get time savings - Allset steadily gained traction. Matviyenko and Polishchuk leveraged their Ukrainian tech team to build the app cost-effectively. In 2016, they got into the 500 Startups accelerator, which provided seed funding and mentorship in Silicon Valley. By 2017-2018, Allset expanded to multiple U.S. cities and refined its model to also include standard takeout ordering. Product and Market: Allset's target users were urban professionals and corporate employees looking for efficient lunch options. It integrated with over 7,000 restaurants in the U.S. and also some in Ukraine by 2023. Cuisine-wise it was diverse - from fast-casual chains to local eateries. The platform's business model charges restaurants a commission per order, but it touted itself as having significantly lower fees than delivery apps like UberEats or DoorDash. This is because pickup orders do not involve logistics costs. Allset also at times charged consumers small convenience fees or offered a subscription for zero fees. Its competition includes not just the big delivery apps, but also restaurant reservation systems and point-of-sale providers who have added mobile ordering. However, Allset carved a niche in "order ahead for dine-in/pickup." During COVID-19, Allset quickly shifted focus to contactless pickup and curbside service, which aligned with public health needs. The app usage grew as more consumers opted for takeout and avoiding crowds. Post-pandemic, Allset continued to be relevant as many users, accustomed to mobile ordering, kept using it for efficiency. Traction: By the early 2020s, Allset had facilitated tens of millions of orders. It was particularly popular in cities like New York, Los Angeles, Chicago, and Houston. The app had over 2 million users and a strong repeat usage among its core demographic (e.g., office workers who would use it daily for lunch). Allset's restaurant network grew to include national chains as well as local favorites. A reported figure from around 2021 indicated nearly 7,000 restaurant partners across the US and Ukraine, illustrating its significant network. Partnerships with large chains (for example, they onboarded Panera Bread in some regions) helped validate the concept. In terms of scale, Allset's gross merchandise volume (the total value of orders through the platform) reached eight figures in USD annually. Press coverage often highlighted Allset as a rising star in the on-demand dining space, and it received awards like being listed in Forbes' 30 Under 30 (Matviyenko was honored in 2018). Funding and Investors: Allset attracted a mix of Silicon Valley and Ukrainian investors through its journey. Early on, it raised a $3.35M combined seed (including a $1M pre-seed from SMRK, a Ukrainian VC). In 2018, Allset secured an $8.25M Series A, with investors like Greycroft, Andreessen Horowitz (a16z), VK (Digital Garage), and SMRK participating. This round helped fuel its expansion to new cities. By 2020, Allset had raised a total of about $16.6M in funding. A notable investor, Andreessen Horowitz, gave credibility given their prominence. Additionally, the EBRD (European Bank for Reconstruction and Development) co-invested in Allset, a nod to its Ukrainian roots and growth potential. The company was relatively capital-efficient, using a distributed team in Kyiv for development while its sales team signed restaurants in the U.S. According to PitchBook, Allset's valuation was healthy, though it never reached unicorn status. Acquisition by SoundHound (2024): A major milestone came in June 2024, when SoundHound AI, a Nasdaq-listed voice AI company, announced it had acquired Allset. The deal amount was undisclosed, but it marked a successful exit for the founders and investors. SoundHound's interest was in combining Allset's marketplace and restaurant partnerships with SoundHound's voice assistant tech for ordering (they have a voice ordering system used by restaurants). Through this acquisition, Allset's team (Matviyenko and Polishchuk) and technology joined SoundHound, aiming to power voice-enabled food ordering across SoundHound's large client network. The acquisition can be seen as a strategic fit: Allset brings the restaurant relationships and order workflow, while SoundHound brings cutting-edge voice AI. Allset's co-founders took on roles within SoundHound's leadership to continue growing this combined vision. For the Ukrainian startup scene, Allset's acquisition was a proud moment - a startup founded by Ukrainians achieved a notable exit on the global stage. Achievements and Impact: Allset's journey demonstrated the strength of Ukrainian entrepreneurs in the global arena of food tech. The company managed to enter the ultra-competitive U.S. food app market and carve a space for itself. It was recognized as one of Ukraine's top startups in multiple rankings. The company's growth also had a direct impact: it provided business to restaurants (especially small ones) by bringing them customers who might not have come in otherwise. Its focus on reducing wait times resonated with modern consumers' demand for convenience. Notably, Allset survived and adapted through the pandemic - offering features like dine-in ordering via QR code to minimize contact. This nimbleness likely made it an attractive acquisition target. Allset also set an example of transatlantic collaboration: R&D in Ukraine, business development in the U.S., which is a model other Ukrainian startups have since followed. Post-acquisition, the Allset app and brand continue to operate, now with the backing of SoundHound. With voice technology integration, a future use case might be ordering meals by simply speaking to your car or smart device, which could be the next level of convenience Allset helps enable. For Anna Polishchuk and Stas Matviyenko, their success with Allset has cemented them as influential figures in Ukraine's startup community, often mentoring younger founders and investing in new startups. Sources: vestbee.com, kyivpost.com, vcnewsdaily.com.
Kyiv, Ukraine · Venture Capital AVentures Capital is a Kyiv-based early-stage venture fund with $109M in assets under management, investing in software technology companies founded by Eastern European entrepreneurs building global businesses. Founded by Andriy Kolodyuk and Yevgen Sysoyev, the fund publishes the annual Dealbook of Ukraine, the definitive market study of the Ukrainian tech and venture ecosystem. The 2026 edition documented $498M raised by Ukrainian tech companies in 2025, an 8% year-on-year increase, with defense tech emerging as the fastest-growing sector. The fund remains operationally active in Kyiv and continues to back early-stage founders through the wartime period.
Kyiv, Ukraine · Startup Subscription talent marketplace founded in Kyiv in 2020 (Y Combinator S21) that matches companies with vetted designers, developers and marketers within 24 hours.
Kyiv, Ukraine · Startup Overview: BetterMe is a health and wellness tech company that offers a suite of mobile apps focused on fitness, nutrition, and mental well-being. It provides users with personalized workout plans, meal plans, and lifestyle advice to help them lose weight, get fit, or improve their overall health. BetterMe's flagship app, often just called "BetterMe: Health Coaching," includes features such as short video workouts, diet tracking, and educational content. The company also launched a BetterMe: Mental Health app for meditation and stress reduction, reflecting a holistic approach to wellness. Uniquely, BetterMe tailors its programs to individuals using quizzes and data, making the experience feel custom - for example, a user can indicate their goals and preferences and receive a workout routine and diet plan suited to them. The apps are gamified and use a lot of motivational psychology (for instance, sending encouraging notifications, or featuring success stories) to keep users engaged. BetterMe operates on a freemium model: users can access some content for free but need a subscription to unlock full personalized plans and coaching. With an affordable subscription, it undercuts many traditional weight loss programs, contributing to its massive global user adoption. Founding Story (2016/2017): BetterMe was founded in 2017 in Kyiv, Ukraine by Viktoria Repa, a young woman from a family that struggled with obesity. Viktoria's personal journey - she managed to lose weight despite being told it was hopeless - inspired her to help others do the same using smartphone technology. She joined Genesis, a Ukrainian tech incubator, where she developed the idea for BetterMe. With an initial $5 million support from Genesis Investments to kickstart the project, BetterMe launched its first product focusing on exercise plans. Early traction came via viral content on social media; Viktoria's team leveraged platforms like Facebook and Instagram to attract users with catchy fitness challenges and transformation stories. By late 2017, BetterMe's app reached the top charts in the Health and Fitness category on the App Store in multiple countries. The company smartly expanded into adjacent categories: adding a meal planning app, then merging them into one comprehensive platform. Repa, as a first-time founder, was notable for bootstrapping growth (outside of the initial Genesis funding) - she reinvested revenue from the app back into marketing rather than seeking huge VC rounds. This lean approach allowed BetterMe to scale rapidly without dilution or external pressure, and by focusing on revenue early, it achieved profitability within a couple of years. Product and Target Market: BetterMe's target market is primarily women aged 25-45 worldwide looking to improve fitness or lose weight, though it has users of all genders and ages. The app's content covers home workouts (no equipment needed routines, HIIT, yoga, etc.), diet (with thousands of recipes and even grocery lists), and mental health (meditation, self-love coaching). By bundling these, BetterMe positions itself as an all-in-one "personal coach in your pocket." The product stands out for localization - it offers content in multiple languages and adapts to cultural preferences (for example, meal plans will consider local cuisines). The company also sells BetterMe-branded sportswear and merchandise, tapping into the aspirational lifestyle brand angle. One of BetterMe's innovations was leveraging viral marketing: its social media team produced simple before-and-after animations and relatable memes that drew tens of millions of views. This organic reach translated into app installs at low cost. The app itself capitalized on trends like short 7-minute workouts and challenges (e.g., 28-day weight loss challenge), which kept users engaged daily. With the onset of COVID-19 in 2020, BetterMe saw a surge as people turned to home fitness solutions, and the company responded by launching live workout sessions and more mental health resources. Traction and Users: BetterMe's growth has been explosive. As of 2022, BetterMe had over 110 million users worldwide - an astonishing figure that outpaced many competitors like Strava or Headspace in raw user count. The app consistently ranks among the top health and fitness apps in the U.S., Europe, and developing markets. The company achieved $80 million in annual revenue by 2022, all while remaining profitable. This revenue is largely subscription-driven, demonstrating a strong conversion of free users to paid plans. BetterMe's user base is global: major markets include the U.S. (which often accounts for 30-40% of revenue), Europe, Latin America, and also parts of Asia where affordable fitness coaching is in demand. The app has high ratings on app stores and has been downloaded well over 150 million times cumulatively. BetterMe's team grew to around 200 people by 2022, scaling to support content creation (new exercises, recipes, etc.), customer support, and continuous app development. An important aspect of BetterMe's traction is retention - many users report that the combination of physical and mental health guidance in one place keeps them using it long-term, as opposed to fad diet apps that get uninstalled. Funding and Business Model: Interestingly, BetterMe has been largely bootstrapped after the initial funding. Founder Viktoria Repa raised about $5M from Genesis (which is more of an internal investment from the incubator) and did not seek major external VC rounds afterwards. She cited the relatively underdeveloped VC landscape in Ukraine as one reason, but also the fact that BetterMe was generating enough cash to fuel its growth organically. By avoiding dilution, Repa retained control and the company focused on sustainable growth. The business model is straightforward: subscription revenue from the apps (monthly or annual plans) and some e-commerce sales of merchandise. With tens of millions of users, even a small percentage subscribing translated to substantial income. By 2023, the company was reportedly exploring opportunities for external funding or strategic partnerships to develop new products (like potentially telehealth or personalized coaching services). If it were to raise funds, given its scale and profitability, BetterMe could likely command a very high valuation (some industry observers speculated it could be Ukraine's next unicorn). Achievements and Recognition: BetterMe's success has brought significant recognition. Viktoria Repa, as a young female CEO, was featured in Forbes 30 Under 30 Europe in 2019. Sifted.eu (FT's tech publication) ran a story on how she built a global health app from Ukraine with $80M revenue in 5 years. BetterMe's apps frequently top the "most downloaded" charts, and in 2021 Apple highlighted BetterMe in its App Store success stories. Another achievement: during the war in Ukraine, BetterMe made its apps free for all Ukrainian users to help people cope with stress and stay healthy at home. The company donated a portion of its profits to the Ukrainian army and charities, and even released Ukraine flag-themed workout gear to raise funds. This stance boosted its image as a socially responsible brand. BetterMe also claims that it has helped millions of people collectively lose over 1,000,000 kilograms of weight (per internal metrics), showcasing real-world impact. User testimonials often mention life-changing health improvements, which BetterMe uses (with permission) in its marketing. The company's next milestones include expanding into more holistic healthcare - possibly adding features like consultations with trainers or nutritionists, and integrating wearable data for more personalization. Overall, BetterMe illustrates how a Ukrainian startup identified a massive global need - accessible health improvement - and executed with digital savvy to become one of the world's most popular wellness platforms. It stands as a symbol of Ukraine's emerging strength in consumer tech and the power of combining tech with personal passion to solve widespread problems. Sources: sifted.eu.
Kyiv, Ukraine · Event Regional stop of the Conversion Conf affiliate-marketing circuit, bringing CPA networks, advertisers, media-buyers, and ad-tech vendors to Kyiv for one day of talks, expo, and deal-making. Sister events run in Warsaw and Limassol.
Kyiv, Ukraine · Startup No-code platform for CRM and business process automation with AI-native workflow tools. Founded in Kyiv, it reached unicorn status in 2024 after a $200M round at a $1.2B valuation.
Kyiv, Ukraine · Event International naval defence conference connecting Nordic & EU industry with Ukraine's frontline maritime expertise. 30+ military, government, and industry speakers plus 40+ manufacturers of unmanned naval systems, with Day 2 dedicated to live demonstrations.
Kyiv, Ukraine · Event Organized by DOU.ua, Ukraine's largest IT community platform, this annual gathering brings 2,000+ developers, product managers, and tech leaders together for talks on engineering culture, career growth, and the state of Ukrainian tech. Features panels on rebuilding and scaling Ukraine's IT sector. Free to attend.
Kyiv, Ukraine · Person Ukrainian fashion designer and founder of the Gasanova fashion brand, known internationally for its runway collections. She is an announced speaker at the Forbes Entrepreneurs Forum 2026 in Kyiv.
Kyiv, Ukraine · Startup FINMAP is a Kyiv-based cash-flow management and financial analytics platform built specifically for small and medium businesses that have outgrown spreadsheets but cannot justify a full ERP rollout. The product gives owners and finance managers a single live dashboard showing bank balances, payable and receivable pipelines, scenario-based cash forecasts, and customizable P&L views, with bank and payment-service integrations across Ukraine and multiple EU markets that pull transactions automatically instead of relying on manual CSV imports. FINMAP's wedge is that it is explicitly designed around the mental model of an SME founder — 'will I run out of money in six weeks?' — rather than the analyst-first model of incumbent finance tools, and that has made it one of the more successful Ukrainian fintech SaaS exports targeting the CEE region. It is a useful data point for how Ukraine's engineering talent continues to ship commercial B2B software despite the wartime backdrop.
Kyiv, Ukraine · Venture Capital Flyer One Ventures is a Ukrainian early-stage VC originally founded in 2018 as Genesis Investments by Vital Laptenok (co-founder of Genesis and BetterMe), rebranding under its current name in 2021. The firm has invested nearly €39M across 95 startups in Ukraine and Central & Eastern Europe across four funds. In July 2025 it closed Fund V at a target of €50M, backed by EBRD (€6.5M) and IFC (€5M), focusing on pre-seed and seed-stage founders from Ukraine and CEE building global products. The fund maintains a Kyiv identity and active pipeline of 1,300+ Ukrainian and regional founders despite operating with a distributed team.
Kyiv, Ukraine · Event Forbes Ukraine's flagship annual gathering for business owners, CEOs, top managers and entrepreneurs focused on growth, transformation and scaling. The 2026 edition brings together 1,000+ entrepreneurs, 60+ speakers and around 20 workshops across two days of practical case studies and networking in wartime Kyiv.
Kyiv, Ukraine · Event Organisator Ukrainian edition of the global Forbes business media brand, which beyond its publishing work runs a portfolio of flagship business conferences and forums in Kyiv, including the annual Forbes Entrepreneurs Forum that convenes founders, CEOs and investors for case studies and networking.
Kyiv, Ukraine · Startup Grammarly is an AI-powered writing assistant founded in 2009 in Kyiv by Alex Shevchenko, Max Lytvyn, and Dmytro Lider. The platform offers real-time grammar, spelling, clarity, tone, and style suggestions across browsers, desktop apps, mobile keyboards, and enterprise integrations. Grammarly serves over 30 million daily active users and 70,000 enterprise customers, and has raised over $400 million at a valuation of $13 billion. Now headquartered in San Francisco with continued Ukrainian engineering roots, Grammarly is one of the most successful software companies to emerge from Ukraine and a global leader in AI-assisted communication.
Kyiv, Ukraine · Startup EdTech app founded in Kyiv in 2019 offering 15-minute text and audio summaries of nonfiction books, with gamified learning. Surpassed 150M users worldwide.
Kyiv, Ukraine · Event Part of the established fwdays conference series, focused on building and scaling high-load systems and infrastructure, running in a hybrid format with an in-person day in Kyiv plus online streaming. Relevant for technical founders and CTOs scaling engineering systems.
Kyiv, Ukraine · Venture Capital ICU Ventures is the venture capital arm of ICU Group, Ukraine's largest independent asset management and investment banking firm, established in 2006 by former ING senior professionals. The venture arm, active since 2018, focuses on late seed and Series A investments of $200K–$5M in tech companies with strong Ukrainian ties across fintech, deep tech, mobility, and enterprise software. With 40+ investments to date, the portfolio includes Respeecher (AI voice technology) and Khazna (fintech), with the most recent disclosed investment made in February 2025. ICU Ventures operates from Kyiv and continues to actively back Ukrainian-rooted founders building global businesses.
Kyiv, Ukraine · Event Ukraine's largest crypto and Web3 gathering, returning for its fourth edition at Parkovy with 3,000+ attendees and 50+ speakers across a main stage and workshop track. 2026 emphasis is on AI integration in Web3, with BingX, OKX, and MEXC headlining.
Kyiv, Ukraine · Event Ukraine's largest popular-science and deep-tech conference, with 50+ speakers from 15+ countries, held in person in Kyiv despite wartime conditions. Relevant for deep-tech and science-driven founders looking for research collaboration and talent.
Kyiv, Ukraine · Event Monthly AI and data-science meetup in Kyiv with 200+ ML engineers, data scientists, and AI founders. July edition focuses on LLM applications and RAG architectures in Ukrainian startups. Free. One of the best ways to connect with Kyiv's deep ML talent pool outside of conference season.
Kyiv, Ukraine · Event Organisator Non-profit organiser of the Kyiv International Economic Forum (KIEF), one of the largest annual economic forums in Eastern Europe. Since 2015 it has gathered business leaders, policymakers and international delegations to debate Ukraine's economic strategy, investment climate and post-war reconstruction.
Kyiv, Ukraine · Event One of the largest international economic forums in Eastern Europe, bringing together business leaders, government officials and civil society to discuss Ukraine's economic development, reconstruction, investment and global integration. The 11th edition takes place at the Parkovyi Congress Center in Kyiv with keynotes, panel discussions and high-level networking.
Kyiv, Ukraine · Event A long-running in-person forum by Lemberg Tech Business School, with tracks on outsourcing business and sales and marketing, 25+ lectures, and around 300 participants. Relevant for service-business and agency founders focused on sales, delivery, and international client growth.
Kyiv, Ukraine · Event Kyiv Miltech Conference is a Ukrainian defense-technology gathering that brings together military end-users, defense-tech startups, manufacturers, investors and policymakers to align frontline needs with industry capabilities and available funding. The 2026 edition features five themed tracks covering business, product development, AI applications, sales strategies and startup showcases.
Kyiv, Ukraine · Person Ukrainian entrepreneur and founder of the One By One brand, building a consumer business in Ukraine. She is an announced speaker at the Forbes Entrepreneurs Forum 2026 in Kyiv.
Kyiv, Ukraine · Startup MacPaw is a Kyiv-headquartered software company that built one of the largest independent Mac-only software businesses in the world, with tens of millions of users across its portfolio. Its flagship products include CleanMyMac (the most widely used macOS cleanup and maintenance utility), Setapp (a subscription bundle that gives users access to a curated catalog of more than 240 paid Mac and iOS apps for a flat monthly fee), ClearVPN, and Gemini. Founded in 2008 by Oleksandr Kosovan, the company has remained profitable and mostly bootstrapped, and has become one of the most culturally important tech employers in Ukraine — doubly so since February 2022, when MacPaw kept its Kyiv engineering organization running through the full-scale Russian invasion, set up a dedicated foundation for war relief, and used its in-house research lab (MacPaw R&D) to build open-source tools for the war effort. For the directory, MacPaw is the canonical Ukrainian consumer-software story and a reminder that not every successful European software company looks like a VC-backed SaaS rocket.
Kyiv, Ukraine · Startup Online IT education platform founded in 2015 teaching programming and tech roles, with an income-share agreement model where graduates pay a percentage of salary after getting hired.
Kyiv, Ukraine · Startup Pet-tech company founded in Kyiv in 2012 making interactive pet cameras with treat dispensers, GPS trackers and AI safety alerts, plus a Petcube Care subscription and online vet service.
Kyiv, Ukraine · Startup Preply is a Ukrainian-founded online tutoring marketplace that matches learners with one-on-one language tutors through a search-and-book flow, a subscription-based lesson plan, and an in-browser classroom that handles video, shared docs, homework, and scheduling. Founded in 2012 in Kyiv by Kirill Bigai, Dmytro Voloshyn, and Serge Lukyanov, Preply now serves millions of learners and tens of thousands of tutors across more than 180 countries, with particular strength in English, Spanish, French, German, and — increasingly — business-skills subjects beyond pure language. The company has raised over USD 120 million from investors including Owl Ventures, Hoxton Ventures, and Point Nine, and officially relocated its headquarters to Barcelona in 2023 while keeping significant engineering operations in Kyiv. Preply is a canonical example of Ukrainian B2C SaaS that became genuinely global and represents a rare European challenger to Cambly, italki, and other US-led language-tutoring marketplaces.
Kyiv, Ukraine · Startup Language-learning platform with an app, tutoring and conversation clubs covering 12+ languages, adding AI-powered speaking practice and pronunciation feedback. Founded in Kyiv; over 23M downloads.
Kyiv, Ukraine · Startup Reface is a Kyiv-founded generative-AI company that built one of the first globally viral face-swap and deepfake consumer apps, and has since evolved into a broader synthetic-media content platform. The original Reface app lets users swap their face into short video clips, memes, and GIFs in seconds, and briefly became one of the most downloaded mobile apps in the world in 2020, holding top-5 app-store positions in dozens of countries. The team, built around a group of Ukrainian ML researchers led by Roman Mogylnyi, Dima Shvets, Oles Petriv, and others, turned that viral moment into a real company: Reface Labs now ships multiple consumer AI entertainment products, licenses its face-animation and identity-transfer tech into enterprise creative pipelines, and has contributed to industry initiatives on responsible deepfake disclosure. It is one of the best examples of Ukraine's consumer-AI export capability and a useful counterpoint in the synthetic-media conversation to enterprise tools like Respeecher.
Kyiv, Ukraine · Startup Overview: Respeecher is a cutting-edge AI voice synthesis startup that enables one person's voice to be transformed into the voice of another specific person, with uncanny realism. In other words, it's known for its voice cloning technology. Respeecher's system takes in an actor or user's speech and outputs audio that sounds like a target voice - be it a famous actor, a historical figure, or anyone for whom it has trained a model. This technology has huge applications in entertainment: filmmakers can revive voices of actors from years past, game developers can have characters speak in iconic voices, and creators can produce content where, say, a celebrity appears to narrate (with permission). What makes Respeecher stand out is the high fidelity of the cloned voices - they are nearly indistinguishable from the real person, capturing emotion and intonation accurately. Respeecher provides its tech via a software interface; typically, a voice model is trained on recordings of the target voice, and then a voice actor provides performance which is converted. Importantly, Respeecher emphasizes ethical use: it requires consent from the voice owners and has gained a reputation for an "ethics-first" approach in the emerging synthetic media field. Founding Story (2018): Respeecher was founded in February 2018 in Kyiv, Ukraine by Alex Serdiuk, Dmytro Bielievtsov, and Grant Reaber. Serdiuk and Bielievtsov are Ukrainian, and Reaber is an American speech technologist - the trio met through mutual research interests in speech processing. They realized that recent advances in deep learning could make high-quality voice conversion possible, and they set out to create a system far beyond the rudimentary voice changers of the past. In 2018-2019, they went through the Comcast NBCUniversal LIFT Labs Accelerator (powered by Techstars) in the US, which gave them industry connections. Early on, Respeecher got a lucky break: it was approached to work on a high-profile but secret project - which turned out to be Lucasfilm's The Mandalorian (Season 2 finale in 2020). The task was to recreate the voice of a young Luke Skywalker as he would have sounded in the 1980s, using Mark Hamill's old recordings. Respeecher delivered successfully, astonishing Hollywood sound engineers. This successful debut put Respeecher on the map in the film industry. In subsequent months, they also worked on a Super Bowl commercial voicing Vince Lombardi (AI-cloned from archival audio). The Ukrainian team, working under NDA, built these groundbreaking demos which then led to word-of-mouth referrals in Hollywood. Product and Use Cases: Respeecher's core product is delivered as a service to content creators. A client provides audio of the target voice (e.g., recordings of a person) and Respeecher trains a custom voice model. Then the client (often a voice actor or the person themselves) provides the new dialogue, which Respeecher's system converts into the target's voice. One notable use case was the documentary short film "In Event of Moon Disaster" - Respeecher recreated President Nixon's voice to simulate him reading a speech that was written in case Apollo 11 failed, and this project won an Emmy Award in 2021 for Outstanding Interactive Media (Respeecher's team was credited for the voice work). Another big use case: Darth Vader's voice in 2022's Obi-Wan Kenobi series - James Earl Jones, aged 91, could no longer perform with the same power, so Lucasfilm used Respeecher to generate Vader's lines using Jones' archival voice data. This was done with Jones's consent (he effectively authorized the AI recreation of his iconic voice). The result was so good that audiences thought Jones had recorded the lines himself. Outside of film/TV, Respeecher has been used in video games (e.g., to recreate voices of deceased voice actors so characters can return), and in music - in 2022, it enabled artist Aloe Blacc to perform a song where his voice was converted to sound like the late Avicii's voice, as a tribute. Researchers and archivists have also shown interest in using it to restore voices for people who lost theirs (like throat cancer patients), although that's still experimental. Traction and Achievements: Though a B2B company, Respeecher gained public fame because of the high-profile nature of its projects. By 2022, virtually every Star Wars fan and many industry professionals had heard of Respeecher due to media coverage of its involvement in resurrecting Luke Skywalker's youthful voice and Darth Vader's classic tones. The company has a relatively small number of clients (dozens of studios, game companies, etc.), but each project is high value. Its technology earned it an Engineering Emmy Award in 2021, and it won TechCrunch's Startup Battlefield (audience choice) at CES in 2020. In terms of funding, Respeecher raised about $1.5M in early 2020 (around the Techstars time), and as of 2021 it had raised over $3M in total from investors including Techstars, ff Venture Capital, and Acrobator Ventures. The team remained fairly lean (under 50 people) but comprised specialized AI researchers and sound engineers. Financially, Respeecher's revenue grew with each Hollywood contract; while not public, one can infer that by 2022 it was profitable or close, given the repeat work from Disney/Lucasfilm and others. One of Respeecher's achievements is also on the ethical front: in 2023 it was one of ten companies (alongside OpenAI and TikTok) to sign the Partnership on AI's framework for responsible media, committing to practices like obtaining consent, watermarking AI content, etc. This proactive stance has made them a trusted partner in an area often seen with suspicion (deepfakes). The war in Ukraine did pose a challenge - much of Respeecher's team was Kyiv-based, and during the Russian invasion in Feb 2022, the team amazingly continued working (the Obi-Wan Kenobi Vader voice project was completed in the spring of 2022 while Kyiv was under threat). This dedication further earned them respect in the industry. Key Partnerships: Respeecher's notable partnerships are with major studios like Disney/Lucasfilm, and with game studios such as CD Projekt Red (who used Respeecher in 2023 to voice a character in Cyberpunk 2077 in Polish, whose original actor had passed away). It also collaborated with the creative team of the documentary "Val" to recreate actor Val Kilmer's voice, which he lost due to cancer (Kilmer and his son provided the training data). Each successful partnership validates the tech and leads to more clients. On the academic side, Respeecher worked with medical research to explore giving people who lost their voice (e.g., ALS patients) a chance to speak in their own reconstructed voice - a heartwarming application of the tech. Future Outlook: Respeecher sits at the forefront of AI in media. The demand for voice cloning is likely to increase - whether to dubbing movies in a star's own voice across languages, bringing historical figures' voices to life for museums, or personal uses (with permission, someone might license their voice). The company's focus will be to maintain quality leadership as big players (like Microsoft or Google) also invest in voice AI. Respeecher's Ukrainian origin is a source of pride: it shows that despite adversity, Ukrainian tech can lead globally in innovation. The founders have expressed interest in eventually developing real-time voice conversion (currently it's not instant, it takes some processing time) and making the tech more accessible perhaps in creator tools. But they tread carefully to avoid misuse. In summary, Respeecher is a Ukrainian deep-tech startup that achieved what was once sci-fi - lending voices across time and space - and has done so responsibly. By powering some of Hollywood's most iconic moments with AI, it has cemented itself as a trailblazer in synthetic audio. As long as movies and games want to push creative boundaries, Respeecher's technology will likely be in the credits, helping the impossible become possible in voice. Sources: en.wikipedia.org, failory.com, techcrunch.com, youtube.com.
Kyiv, Ukraine · Startup Restream is a Ukrainian-founded live-streaming platform that lets creators, brands, and event organizers broadcast a single video feed simultaneously to more than thirty destinations — YouTube, Twitch, Facebook Live, LinkedIn Live, X, and dozens of others — while managing a unified chat, analytics, and recording layer across all of them. Founded in 2015 by Alexander Khuda and Andrii Surzhynskyi, the product removed one of the most painful operational blockers for independent broadcasters (having to pick a single platform at the expense of every other audience) and became a go-to tool for podcasters, gamers, educators, and B2B marketers running webinars at scale. Restream raised venture funding from Insight Partners and others, and relocated its commercial operations to Texas while keeping engineering in Kyiv. It is one of the most globally adopted pieces of creator-economy infrastructure to come out of Ukraine.
Kyiv, Ukraine · Venture Capital Roosh Ventures is an entrepreneur-led Ukrainian VC fund founded in 2020 by Den Dmytrenko (co-founder of Reface and the AI HOUSE community) and Serhiy Tokarev, an AI entrepreneur and investor with 20+ years of experience. Operating with $40M AUM and 40+ portfolio companies, the fund takes a co-investment approach and focuses on pre-seed through Series A deals in enterprise SaaS, fintech, gaming, and AI across EU and US markets. Notable portfolio companies include Deel ($12B valuation), Oura, and Pipe; the fund's most recent disclosed investment was in Tower in March 2026. Despite the ongoing war, Roosh maintains its Kyiv headquarters and Ukrainian identity.
Kyiv, Ukraine · Venture Capital SMRK VC is a Kyiv-based seed-stage fund founded in 2013 by Oleksandr Kosovan and Andriy Dovzhenko, with a $10M initial fund focused on IT products at seed and Series A. The fund has backed 23+ companies, with a portfolio spanning Ukraine, the US, and Europe across enterprise software, B2B SaaS, and consumer tech. Notable investments include Allset, Preply, Competera, and Ajax Systems; the fund made its most recent disclosed investment in OpenBabylon, a Ukrainian AI translation startup, in February 2026. SMRK has continued dealmaking through the wartime period and remains one of the longer-standing native Ukrainian VC funds still actively investing.
Kyiv, Ukraine · Event Official demo day of the Ukrainian Startup Fund, a government-backed grant program supporting early-stage startups with up to USD 75K in non-dilutive funding. Features 20-30 portfolio startups pitching to local and international investors. Free attendance for qualified investors.