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THE DEALBOOK OF UKRAINE
Ultimate report on Ukraine’s Venture Investment IT Industry
IN PARTNERSHIP WITH
LEAD AUTHORS:
Yuliya Sychikova
Yevgen Sysoyev
AVentures Capital
PRESENTS
2018 EDITION
Covering deals in 2016-2017
2017 year in highlights
44
New investment deals (Seed, Follow-on, Series A, Series B,
Growth & Secondary)
$265M In investment volume (231% increase vs. 2016)
5 Exits to strategic buyers and investment funds
$490K Average Seed deal size (16% up from 2016)
*The report accounts for but does not include all deals as some of them remained confidential
Record high average Round A size (x3 growth vs. 2016)$4.8M
Dealnumber,#
0
23
45
68
90
2010 2011 2012 2013 2014 2015 2016 2017
Record investment volume in 2017
Number of deals
88
69
44
76
60
29
14
Millions,USD
0
75
150
225
300
2010 2011 2012 2013 2014 2015 2016 2017
Seed Round A Round B Follow-on Growth and Secondary
42
146
80
97
80
25
20
Investment volume
• The investment volume reached a record high of $265M in 2017
• Most of the growth came from a few big Growth & Secondary
deals (70%) and a dozen Series A deals (22%)
• $630M were invested in Ukrainian startups over the past 5 years
• The number of identified deals in 2017 amounted to 44 (a
decrease since 2015)
• 13 Series A deals, a record number since 2013, 1 Series B deal
• There was a significant decline in Seed rounds number and
volume in 2017
78
265
+231% -44%
* Excludes grants, crowdfunding, buyouts, M&A deals, ICO funding
• Although Ukrainian investors co-invested in the majority of rounds,
Foreign Capital accounted for 96% of the total investment volume
• Most of it came from the investments into a few large Growth &
Secondary rounds (Grammarly, BitFurry and a few other
undisclosed deals)
30%
60%
90%
120%
2010 2011 2012 2013 2014 2015 2016 2017
1%2%
6%
1%4%
2%
4%
41%
47%
58%
59%60%
58%
10%
96%
58%
51%
36%39%36%41%
90%
Dealnumber,#
0
23
45
68
90
2010 2011 2012 2013 2014 2015 2016 2017
6
14
12
12
6
1
5
11
26
33
46
34
45
17
9
12
20
31 30 29
32
27
Foreign Ukraine Undisclosed
Number of deals by capital originInvestment volume by capital origin
Record investment volume from foreign investors
• The number of deals led by foreign investors slightly decreased from 32
in 2016 to 27 in 2017
• Growth stage investors with big investment volume include General
Catalyst, IVP, Spark Capital, Altran, Almaz Capital, Horizon Capital
• Early stage investors with the largest number of deals include AVentures
Capital, U.Ventures, Digital Future, TA Ventures, SMRK, CIG, and
Imperious Group
• Seed deals: foreign funds led in half of the Seed
deals, accounting for 55% of investment volume
Investment volume into
Series A deals
Investment volume into
Seed deals
Foreign capital breakdown by stage
• Series A deals: foreign funds lead in 77% of deals,
accounting for 96% of investment volume
50% 50% 45%
55%
Foreign Ukraine
23%
77%
Foreign Ukraine
4%
96%
Number of Seed
deals
Number of
Series A deals
*Excludes grants, crowdfunding, buyouts, M&A deals, ICO funding
Seed and Series A averages
• The average Round A amounted to $4.78M, a
record high amount
0
20
40
60
80
Millions,USD
0
0.3
0.6
0.9
1.2
2010 2011 2012 2013 2014 2015 2016 2017
Deal average # of deal
22
71
58
79
56
48
24
11
0.49
0.45
0.39
0.2
0.25
0.3
0.82
0.390.39
0.82
0.3
0.25
0.2
0.39
0.45
0.49
3.75
7.5
11.25
15
Millions,USD
0
1.25
2.5
3.75
5
2010 2011 2012 2013 2014 2015 2016 2017
13
2
4
8
14
8
5
2
4.78
1.5
2.25
2.59
3.84
2.81
1.63
2.752.75
1.63
2.81
3.84
2.59
2.25
1.5
4.78
• The average Seed round in 2017 reached
$490K, a slight increase since 2016 and 2015
Seed round averages Round A averages
Investments by key sectors
• The largest y-o-y growth happened in Software sector due to a few large deals in SaaS products
*Excludes grants, crowdfunding, buyouts, M&A deals, ICO funding
24%	
12%	
5%	
53%	 14%	
18%	
2011	
5%	
7%	
16%	
29%	
54%	
2010	
7%	
2012	
11%	
46%	
17%	
26%	
45%	
10%	
2015	
74%	
27%	
2013	
7%	
16%	
23%	
10%	
21%	
10%	
9%	
2%	
32%	
31%	
2016	
22%	
4%	
5%	
20%	
6%	
44%	
2014	 2017	
8%	
265	146	 80	97	20	 25	 42	80	
Online	services	
Consumer	Internet	
Educa4on	
E-commerce	
Enterprise	
So8ware	
Mobile	
Other
List of publicly disclosed acquisitions of 2016-2017
Company*
Amount, USD,
MM
Acquirer Date Sector Description
Grossum Undisclosed App Solutions Apr-17 Outsourcing
Software outsourcing company acquired by another
software company, both located in Ukraine
GetGoing Undisclosed BCD Holding Jan-16 Mobile
Tour agent for leisure travelers acquired by a Dutch
company focused on travel services
Ask.fm Undisclosed Noosphere Ventures Jul-16 Online services
Q&A service for popular questions acquired by an
asset management firm
Fiksu Undisclosed Clickdealer Jul-16 Enterprise
Fiksu - a mobile marketing tech company bought by
Clickdealer - a marketing agency
Lohika Undisclosed Altran Jul-16 Software
Outsourcing company headquartered in the US and
delivery in Ukraine acquired by a engineering
consulting firm
*Includes only disclosed deals
• There were 5 exits in 2017 for $8M total and the same number of exits in 2016, two of which
accounted for $43M
• Most of the exits, however, remain undisclosed
Sources of early capital
• In 2017, startups attracted early funding (Seed
and Series A) primarily from the
institutionalized Venture Capital funds (90%),
from Angel investors (6%), and Crowdfunding
platforms (3%)
• According to UAngel Association, in 2017,
Angels invested $3.5M into 20 companies
2010
2011
2012
2013
2014
2015
2016
2017
Millions, USD
0 20 40 60 80
Accelerator Angel Corporate VC
Crowdfunding Grant Undisclosed
VC
Sources of capital by investment volume
*Excludes grants, crowdfunding, buyouts, M&A deals, ICO funding
Most active investors
Seed to Series A Late Stage
L
o
c
a
l
F
o
r
e
i
g
n
We Invest in Ukraine
UVCA shapes the future direction of the private equity industry by promoting
investment opportunities in Ukraine, representing interests of private equity
investors to policymakers and improving investment and business climate in
Ukraine. Being a member of Invest Europe, we connect our members with the
main players of the global investment market. UVCA plays a role of a bridge
between Ukrainian and foreign private capital ecosystems
47
members
$600 MLN
invested over the past 5 years
$10B+
capital under management
Contact us: www.uvca.eu ceo@uvca.eu
Ukrainian Venture Capital
and Private Equity
Overview 2016
UVCA Investors Book: Who
is Who on the Ukrainian
Investment Market
Investors portfolio: selected deals
Early Stage and Round A
.io analytics
Investors portfolio: selected deals
Early Stage and Round A
Other Early Stage
Investors
Investors portfolio: selected deals
Growth and Buy-out Stage
Sold
Ukrainian Investors with portfolio abroad
Sold	
100+ Investments
Sold
Companies with most international revenue
Tech holding with fast-growing
products operating in African
and Asian markets
Security and cleaning
software for Mac
Mac software development
company
Interactive restaurant dining
technology
Cloud CRM for sales,
marketing and service
automation
AI-powered spell-check SaaS
company
Document management SaaS
to edit, sign, share and store
documents online
Payment & content distribution
platform for digital goods &
services in 200+ countries
Developer of iOS productivity
apps such as Spark,
Documents, and Scanner Pro
Leader in Connected Pets, maker
of Petcube Play and Petcube
Bites
E-commerce holding with fast-
growing products in 5 countries
Online booking services including
flights, hotels and insurance.
Supply Side Platform with own
Video Ad Marketplace
Mobile app for event planning Storage management and SAN
software for SMBs
Tools engineered to increase user
adoption and ROI of enterprise
applications (CRM, ERP, etc.)
Multifunctional
Cryptocurrency
Exchange
Mobile App marketing
with user acquisition
technology
Micro-stock photo-bank
online marketplace
Global jobs search
engine
Top E-commerce companies on Ukrainian market
Local players Global players
Select articles of 2017
US-Ukrainian Grammarly secures $110 million from top international investors
By Ukraine Digital News / May 09, 2017
Ukrainian-founded Allset raises $5 million to further expand on US market
Combined reports by VentureBeat, Ukraine Digital News / Oct 30, 2017
Petcube raises $10 million, aims to develop Big Data analysis to better understand pets
By Jane Kuhuk, Ukraine Digital News / Oct 26, 2017
Western NIS Enterprise Fund launches new fund to back startups in Ukraine and Moldova
By Ukraine Digital News / Nov 15, 2017
Multimillionaire Vasyl Khmelnytsky aims “to build a match for Silicon Valley in Ukraine”
By Jane Kuhuk, Ukraine Digital News / Nov 14, 2017
Ukrainian Eda.ua merges with Baltic Foodout: The Eastern-European food delivery leader consolidates
By Jane Kuhuk, Ukraine Digital News / Jul 06, 2017
*These articles first appeared in Ukraine Digital News (www.uadn.net)
Unreported deals estimation & methodology
• We estimate that only 60% of Seed, Follow-on, Series A and Series
B were disclosed in 2017. More deals will be announced later in
the year
• Deals included: Internet-related companies with Ukrainian
founders and significant presence in Ukraine
• Deal amount estimation: for deals with the size range, we used a
median figure, for “over X deals” - we used a minimum, for
unconfirmed deals - we relied on our best estimate or used
statistical method for estimation
• Deal sources: startup founders, UVCA and UAngel associations,
VC funds, public information
• Foreign capital: the rounds were marked foreign if the lead or
majority investor is from outside of Ukraine; Ukrainian/Foreign
investors are funds with majority of operations located in Ukraine/
outside of Ukraine respectfully
• Round sizes: we used the information from founders and, if
absent, from Crunchbase to label rounds correctly. In case of
limited information, we used deal’s size to appropriately name the
round (Seed - up to $2M), Series A ($2-5M), Series B ($5-10M),
Growth & Secondary ($10M+)
Millions,USD
0
75
150
225
300
2010 2011 2012 2013 2014 2015 2016 2017
25
20
44
13
29
25
96
265
80
146
42
97
80
2520
Reported Unreported
Estimate of unreported deals
55
190
290
126
105
3426
100
T H E F I R S T - E V E R
R E S E A R C H S T U D Y A B O U T
VENTURE ACTIVITY
& STARTUP ECOSYSTEMS
IN CENTRAL & EASTERN EUROPE
ALBANIA, ARMENIA, AZERBAIJAN, BELARUS, BOSNIA-HERZEGOVINA, BULGARIA,
CROATIA, CZECHIA, ESTONIA, GEORGIA, HUNGARY, KAZAKHSTAN, KOSOVO,
LATVIA, LITHUANIA, MACEDONIA, MOLDOVA, MONTENEGRO, POLAND,
ROMANIA, RUSSIA, SERBIA, SLOVAKIA, SLOVENIA, UKRAINE
§ VC data and trend analysis from each country of the region
§ Interviews and opinion from leading experts and investors
§ Special sections on AI, Blockchain, and Corporate strategies
I N PA R T N E R S H I P W I T H
Deals of 2017
Company
Amount
Raised
Investors
Investor
Type
Deal Type Sector Brief Descriptions
Grammarly 110,000,000 General Catalyst, IVP, Spark Capital VC
Growth and
Secondary
Online
services
AI-powered SaaS for checking grammar
BitFury 30,000,000 Credit China Fintech Holdings VC
Growth and
Secondary
Other
Bitcoin Blockchain security and
infrastructure provider
Petcube 10,000,000
Almaz Capital, Y Combinator, AVentures Capital,
U.Ventures, Digital Future, private investors
VC Round A
Consumer
Internet
Leader in Connected Pets
People.ai 7,000,000
Lightspeed Venture Partners, Index Ventures,
Shasta Ventures, Y Combinator , SV Angel
VC Round A
Online
services
Sales management platform that enables
its users to manage their teams and grow
revenues
YayPay 5,300,000
QED Investors, Birchmerem Fifth Third Capital, 500
Fintech Fund, Aspect Ventures, Gaingels, Techstars,
Zelkova
VC Round A Software
AI to accelerate cash flow and automate
accounts receivables
Allset 5,000,000
Greycroft, Andreessen Horowitz, Vaizra Investments,
Compound, FJ Labs, SMRK
VC Round A Mobile
App allowing for faster and better lunch
experience
Rentberry 2,800,000
Zing Capital, Nelson Brothers Property
Management, Hopewell Development, 808 Ventures,
Beachwood Ventures, Jade Value
VC Round A E-commerce Long-term apartments rentals
Talkable 2,000,000 Go Ahead Ventures VC Round A E-commerce
Technology platform for referrals created
for marketers
Turnkey Lender 2,000,000 Vertex Ventures, SMRK VC Round A Software
Turnkey automation software for all stages
of a loan life cycle
PromoRepublic 1,200,000 Howzat Partners, Digital Future,Spring Capital VC Seed Software
SaaS-based platform for marketing
professionals who conduct online digital
promotions
CallPage 1,100,000 bValue VC Seed Software Call generation tool
Deals of 2017
Company Amount Raised Investors Investor Type Deal Type Sector Brief Descriptions
Bookimed 500,000 AVentures Capital VC Seed online services International patients marketplace
Kitcast 500,000 SMRK VC Seed Software Smart digital signature solution
Kwambio 500,000
Empire State Capital
Partners, Impulse VC
VC Seed Other Platform for designers and users of 3-D printing
bNesis 482,000 bValue, SpeedUp Group VC Seed Software
bNesis combines multiple CRM, e-Commerce,
payment, insurance and financial services into a
single solution for banks
Senstone 389,000 Kickstarter, Indiegogo Crowdfunding Crowdfunding Other Device that converts voice notes into text
Jollylook 377,000 Kickstarter Crowdfunding Crowdfunding Other A vintage instant camera from recycle materials
UGears 288,000 Kickstarter Crowdfunding Crowdfunding Other
Mechanical musical models for assembling and
play
AgriEye 200,000 Katapult Accelerator Seed Software AI based solution to support farming efficiency
Influ2 190,000 angel investors VC Seed Enterprise Account-based advertising platform for B2B
Delfast 165,800 Kickstarter Crowdfunding Crowdfunding Other Fastest electro bike
Poptop.fm 160,000 Northstar Ventures VC Seed Online services Entertainment booking service
Rinsten Spring 136,000 Kickstarter Crowdfunding Crowdfunding Other Smart shock absorber for bikes
Creditor.ai 130,000 Starta Accelerator Seed Online services Turned down loan applications marketplace
Deals of 2017
Company Amount Raised Investors Investor Type Deal type Sector Brief Descriptions
QLYX 125,000 Kickstarter Crowdfunding Crowdfunding Other Smart mount
SolarGaps 102,000 Kickstarter Crowdfunding Crowdfunding Other Smart energy saving solar panels
Luciding 87,000 Kickstarter Crowdfunding Crowdfunding Other Lucid dreaming wearable
Hushme 80,000
Indiegogo,
Kickstarter
Crowdfunding Crowdfunding Other Voice mask for smartphones
PassivDom 60,000 Horizon 2020 Grant Grant Other Off-grid 3D-printed gadget houses
Technovator
XE
59,700 Horizon 2020 Grant Grant Other Wireless charger for gadgets
Huru 52,000 Kickstarter Crowdfunding Crowdfunding Other Smart backpack
SolarGaps 50,000 Horizon2020 Grant Grant Other Smart energy saving solar panels
Fishball 40,000 Indiegogo Crowdfunding Crowdfunding Other 360 lens for iPhone
Cubomania 29,600
Vernandsky
Challenge
Grant Grant Other Smart interactive toy for kids
Cardiomo 20,000
Vernandsky
Challenge
Grant Grant Other
Wearable technology for health
monitoring
HeartIn 18,000 Kickstarter Crowdfunding Crowdfunding Other ECG monitoring T-shirt
CloviFi 18,000
Vernandsky
Challenge
Grant Grant Other Wireless audio transmitter
Deals of 2017
Company Amount Raised Investors Investor
Type
Deal type Sector Brief Descriptions
Lamp model 007 11,000 Kickstarter Crowdfunding Crowdfunding Other Mobile lamp that could work anywhere
Racoon 7,000 Vernandsky Challenge Grant Grant Other
Hand gadgets that allow interacting with virtual
and digital reality
Drone.UA Undisclosed
Private investors from the UK,
Poland and Moldova
VC Seed Other Maker of inexpensive drones for agriculture
Kray Technologies Undisclosed
Chernovetskyi Investment
Group
VC Round A Other Drone-based solution for aerial crop protection
Softcube Undisclosed
Chernovetskyi Investment
Group
VC Round A Software Self-service ecommerce personalization
eTachki Undisclosed U.Ventures VC Follow-on Online services Online auction for used cars
PassivDom Undisclosed Undisclosed VC Seed Other Off-grid 3D-printed gadget houses
Rallyware Undisclosed Digital Future, U.Ventures VC Follow-on Enterprise
Enterprise software to engage independent
workforces
TeamFusion Undisclosed AVentures Capital VC Seed Enterprise
Personalized end-user Microsoft Office 365
employee training.
ShipNext Undisclosed Private investor VC Seed Online services Marketplace for global freight market
People.ai Undisclosed
GGV Capital, Y Combinator,
angel investors
VC Follow-on Online services
Sales management platform that enables its
users to manage their teams and grow
revenues.
Grossum Undisclosed App Solution M&A Acquisition Outsourcing IT-outsourcing
Time4Machint Undisclosed Imperious Group VC Seed Other Exclusive mechanical models made of metal
Jumperound Undisclosed Imperious Group VC Seed Other Maker of WOM card game
Deals of 2016
Company
Amount
Raised
Investors
Invest
or
Type
Deal type Sector
Brief
Descriptions
Busfor 20,000,000 Baring Vostok Capital Partners, Elbrus Capital VC Round B Online services Online ticketing bus service
Sixa 3,800,000
Tandem Capital, Digital Future, Horizon Capital,
Gagarin Capital, Social Capital, Presence Capital,
Rising Tide Fund, other investors, TMT
Investments. U.Ventures
VC Seed Software Full computer in an app
Allset 3,350,000
Andreessen Horowitz, Metamorphic Ventures,
SMRK, FJ Labs
VC Seed Mobile App allowing for faster and better lunch experience
Mobalytics 2,600,000
Almaz Capital, Founders Fund, General Catalyst,
GGV Capital
VC Seed Online services
Platform for gamers to increase their effectiveness
in games
Attendify 1,700,000 TMT Investments, Digital Future VC Round A Mobile Mobile events apps for event planners
Leantegra 1,500,000 Angel Investor Angel Seed Software Real-time location sensing and analytics
Polyteda Cloud 1,340,000 Horizon 2020 Grant Grant Other Advanced physical verification solutions
Preply 1,300,000
Angels, Xevin Investments, Digital Future,
Hedgehog Fund, SMRK, Techstars, RTA Ventures
VC Round A Education
Online marketplace for Skype and local tutoring
activities
Galactic
Exchange
1,250,000 Floodgate, Signia Venture Partners VC Seed Other Big Data analysis
eTachki 1,000,000 TA Ventures VC Seed Online services Online auction for used cars
Madberry 1,000,000 SMRK, Viewster VC Seed Enterprise
Data-driven user acquisition platform for gaming
vertical
Hamsters 700,000 Angel Investor Angel Seed Online services
Online performance marketing real estate
marketplace designed for emerging markets
Rallyware 680,000 Digital Future, WannaBiz, LighterCapital, Angel VC Seed Enterprise
Enterprise software to engage independent
workforces
Deals of 2016
Company
Amount
Raised
Investors
Investor
Type
Deal type Sector
Brief
Descriptions
GeoZilla 600,000 Angel Investor Angel Seed Mobile IoT platform for family safety
PromoRepublic 550,000
Digital Future, Vendep,
Tekes, Angels
VC Seed Software
SaaS based platform for marketing professionals who
conduct online digital promotions
Topmall.ua 550,000 Undisclosed VC Follow-on E-commerce Online shopping store
CallPage 500,000 Angel Investor Angel Seed Enterprise Call generation tool
Mevics 500,000 UBTower VC Seed Other Gadget for healthy spine
Robo 500,000 Arkley VC, Angels VC Seed Mobile Robotics toys for kids
Spinbackup 500,000
AVentures Capital, angel
investors
VC Seed Enterprise
Cloud Cybersecurity and Cloud-to-Cloud Backup
solutions provider
Tripmydream 500,000 SeedSummit 2016 VC Seed Online services Travel startup finding the best trip within a set budget
Reply.io 400,000 Digital Future, WannaBiz VC Seed Enterprise Email marketing service
Softcube 400,000
Digital Future, Chernovetsky
Investment Group
VC Seed Software Self-service ecommerce personalization
Rentberry 320,000
WP Global Partners, Boston
Venture Fund, Angels
VC Seed E-commerce Long-term apartments rentals
LifeTracker.io 220,000 Digital Future VC Seed Other AI life planning
eCozy
200,000 Seedmatch.de Crowdfunding Crowdfunding Other
Self-learning touchscreen thermostats that reduces
heating costs
AgriEye 150,000 Angel Investor Angel Seed Software AI based solution to support farming efficiency
Highbrow 150,000 Angel Investor Angel Seed Education Short education lessons delivered to inbox daily
Deals of 2016
Company Amount Raised Investors Investor Type Deal type Sector Brief Descriptions
Hideez 500,000 or less
Concorde Capital,
UUI Ventures, angel
VC Seed Other Electronic hardware for cybersecurity
bNesis 130,000 Starta Accelerator Accelerator Seed Software
Services that combines multiple CRM, e-Commerce,
payment, insurance and financial services into a
single solution for banks
Cardiomo 130,000 Starta Accelerator Accelerator Seed Other Wearable technology for health monitoring
SendPulse 130,000 Starta Accelerator Accelerator Seed Enterprise Marketing platform for email/SMS/push with AI
Ecoisme 120,000
Virgin Media
Accelerator
Accelerator Seed Software Energy consumption optimization platform
Taplend 120,000 Angel Investor Angel Seed Other
Instant money transfers from friends or loans from
financial institutions
Ecoisme 110,000 EDF Pulse Grant Grant Software Energy consumption optimization platform
Roopor 110,000 Publicis90 VC Seed Mobile Live audio streamings app
Providence 100,000 Cisco Recharge IT Grant Grant Enterprise IT security service
Sense 100,000 Kickstarter Crowdfunding Crowdfunding Other
Device and technology for recording and organizing
notes
Solargaps 100,000 Angel investors Angel Seed Other Smart energy saving solar panels
Tona 100,000
Smart
Transportation
Accelerator
Accelerator Seed Online services On-demand city shipping service
Moggie 80,000
The Springfield
project
Accelerator Seed Consumer Internet Smart collar for cats
Taplend 80,000 SellaLab Accelerator Seed Other
Instant money transfers from friends or loans from
financial institutions
Deals of 2016
Company
Amount
Raised
Investors Investor Type Deal type Sector
Brief
Descriptions
Mobalytics 50,000 TechCrunch Disrupt Grant Grant Online services
Platform for gamers to increase their effectiveness in
games
Skywell 50,000 Cisco Recharge IT Grant Grant Software
Software to interact with visitors of airports, malls and
other public places
Lit-Era 50,000 Angel Investor Angel Seed Online services Online library
Wishround 43,000 Wayra Accelerator Seed Online services Social payments and gift services
Feel-VR 40,000 IoT Hub, DIY Lab Accelerator Seed Other VR chair for gamers
Hideez 40,000 Indiegogo Crowdfunding Crowdfunding Other Electronic hardware for cybersecurity
InCafe
40,000 Angel Investor Angel Seed Mobile App for restaurant guests to place orders
Mymobstr 40,000
Startup.Netowrk, angel
Investor
Angel Seed Mobile Platform for selling video to TV and media companies
SmagPoint 40,000 IoT Hub, DIY Lab Accelerator Seed Other Charging station for cars
Solargaps 40,000 IoT Hub, DIY Lab Accelerator Seed Other Smart solar panels
StepShot 33,000 Startup Wise Guys Accelerator Seed Online services Step by step tutorials
Amica 30,000 Cisco Recharge IT Grant Grant Enterprise Marketing campaigns for shopping malls
Luciding 30,000 Angel Investor Angel Seed Other Lucid dreaming service
Mobile Business
(NGServ)
30,000 Cisco Recharge IT Grant Grant Enterprise Cybersecurity project
Biosens 20,000 IoT Hub, DIY Lab Accelerator Seed Other Fast diagnostic of food products
Deals of 2016
Company Amount Raised Investors Investor Type Deal type Sector Brief Descriptions
Foodger 20,000 IoT Hub, DIY Lab Accelerator Seed Mobile Groceries management
Luciding 20,000 iQSpace Accelerator Seed Other Lucid dreaming service
Culturefest 20,000 Hackathonbridge Grant Grant Mobile
Mobile app discovering cultural specifics of
Ukrainians, Polish and Moldovans
Digital Parking
Map of Europe
20,000 Hackathonbridge Grant Grant Mobile Mobile app with online parking
Titanovo 10,000 Indiegogo Crowdfunding Crowdfunding Other Telomeres length test and platform
Ask.fm Undisclosed
Noosphere
Ventures
M&A Acquisition Online services Q&A service for popular questions
DeployStation Undisclosed Numa Accelerator Seed Software
multi-platform app for game server creation
and its management for multiplayer games
Fiksu Undisclosed Clickdealer M&A Acquisition Enterprise
Fiksu - a mobile marketing tech company
Clickdealer - marketing agency
GetGoing Undisclosed BCD Holding M&A Acquisition Mobile Tour agent for leisure travelers
Lohika Undisclosed Altran M&A Acquisition Software Outsourcing services
People.ai Undisclosed Angel Investor Angel Seed Enterprise
SaaS for improving sales force's
effectiveness
Kwambio Undisclosed Empire State VC Seed Other
Platform for designers and users of 3-D
printing
Serpstat Undisclosed Digital Future VC Seed Enterprise
Growth hacking tool for SEO, PPC and
content marketing
SocPrime Undisclosed Digital Future VC Seed Software Security & Intelligence Management Platform
Dealbook Ukraine - previous editions
Other reports on Ukraine
Brought to you by AVentures Capital team
Noticed a mistake or inaccuracy?
Please submit your corrections to yuliya@aventurescapital.com
Yevgen Sysoyev
Managing Partner
Yuliya Sychikova
Associate

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The DealBook of Ukraine 2018 edition

  • 1. THE DEALBOOK OF UKRAINE Ultimate report on Ukraine’s Venture Investment IT Industry IN PARTNERSHIP WITH LEAD AUTHORS: Yuliya Sychikova Yevgen Sysoyev AVentures Capital PRESENTS 2018 EDITION Covering deals in 2016-2017
  • 2. 2017 year in highlights 44 New investment deals (Seed, Follow-on, Series A, Series B, Growth & Secondary) $265M In investment volume (231% increase vs. 2016) 5 Exits to strategic buyers and investment funds $490K Average Seed deal size (16% up from 2016) *The report accounts for but does not include all deals as some of them remained confidential Record high average Round A size (x3 growth vs. 2016)$4.8M
  • 3. Dealnumber,# 0 23 45 68 90 2010 2011 2012 2013 2014 2015 2016 2017 Record investment volume in 2017 Number of deals 88 69 44 76 60 29 14 Millions,USD 0 75 150 225 300 2010 2011 2012 2013 2014 2015 2016 2017 Seed Round A Round B Follow-on Growth and Secondary 42 146 80 97 80 25 20 Investment volume • The investment volume reached a record high of $265M in 2017 • Most of the growth came from a few big Growth & Secondary deals (70%) and a dozen Series A deals (22%) • $630M were invested in Ukrainian startups over the past 5 years • The number of identified deals in 2017 amounted to 44 (a decrease since 2015) • 13 Series A deals, a record number since 2013, 1 Series B deal • There was a significant decline in Seed rounds number and volume in 2017 78 265 +231% -44% * Excludes grants, crowdfunding, buyouts, M&A deals, ICO funding
  • 4. • Although Ukrainian investors co-invested in the majority of rounds, Foreign Capital accounted for 96% of the total investment volume • Most of it came from the investments into a few large Growth & Secondary rounds (Grammarly, BitFurry and a few other undisclosed deals) 30% 60% 90% 120% 2010 2011 2012 2013 2014 2015 2016 2017 1%2% 6% 1%4% 2% 4% 41% 47% 58% 59%60% 58% 10% 96% 58% 51% 36%39%36%41% 90% Dealnumber,# 0 23 45 68 90 2010 2011 2012 2013 2014 2015 2016 2017 6 14 12 12 6 1 5 11 26 33 46 34 45 17 9 12 20 31 30 29 32 27 Foreign Ukraine Undisclosed Number of deals by capital originInvestment volume by capital origin Record investment volume from foreign investors • The number of deals led by foreign investors slightly decreased from 32 in 2016 to 27 in 2017 • Growth stage investors with big investment volume include General Catalyst, IVP, Spark Capital, Altran, Almaz Capital, Horizon Capital • Early stage investors with the largest number of deals include AVentures Capital, U.Ventures, Digital Future, TA Ventures, SMRK, CIG, and Imperious Group
  • 5. • Seed deals: foreign funds led in half of the Seed deals, accounting for 55% of investment volume Investment volume into Series A deals Investment volume into Seed deals Foreign capital breakdown by stage • Series A deals: foreign funds lead in 77% of deals, accounting for 96% of investment volume 50% 50% 45% 55% Foreign Ukraine 23% 77% Foreign Ukraine 4% 96% Number of Seed deals Number of Series A deals *Excludes grants, crowdfunding, buyouts, M&A deals, ICO funding
  • 6. Seed and Series A averages • The average Round A amounted to $4.78M, a record high amount 0 20 40 60 80 Millions,USD 0 0.3 0.6 0.9 1.2 2010 2011 2012 2013 2014 2015 2016 2017 Deal average # of deal 22 71 58 79 56 48 24 11 0.49 0.45 0.39 0.2 0.25 0.3 0.82 0.390.39 0.82 0.3 0.25 0.2 0.39 0.45 0.49 3.75 7.5 11.25 15 Millions,USD 0 1.25 2.5 3.75 5 2010 2011 2012 2013 2014 2015 2016 2017 13 2 4 8 14 8 5 2 4.78 1.5 2.25 2.59 3.84 2.81 1.63 2.752.75 1.63 2.81 3.84 2.59 2.25 1.5 4.78 • The average Seed round in 2017 reached $490K, a slight increase since 2016 and 2015 Seed round averages Round A averages
  • 7. Investments by key sectors • The largest y-o-y growth happened in Software sector due to a few large deals in SaaS products *Excludes grants, crowdfunding, buyouts, M&A deals, ICO funding 24% 12% 5% 53% 14% 18% 2011 5% 7% 16% 29% 54% 2010 7% 2012 11% 46% 17% 26% 45% 10% 2015 74% 27% 2013 7% 16% 23% 10% 21% 10% 9% 2% 32% 31% 2016 22% 4% 5% 20% 6% 44% 2014 2017 8% 265 146 80 97 20 25 42 80 Online services Consumer Internet Educa4on E-commerce Enterprise So8ware Mobile Other
  • 8. List of publicly disclosed acquisitions of 2016-2017 Company* Amount, USD, MM Acquirer Date Sector Description Grossum Undisclosed App Solutions Apr-17 Outsourcing Software outsourcing company acquired by another software company, both located in Ukraine GetGoing Undisclosed BCD Holding Jan-16 Mobile Tour agent for leisure travelers acquired by a Dutch company focused on travel services Ask.fm Undisclosed Noosphere Ventures Jul-16 Online services Q&A service for popular questions acquired by an asset management firm Fiksu Undisclosed Clickdealer Jul-16 Enterprise Fiksu - a mobile marketing tech company bought by Clickdealer - a marketing agency Lohika Undisclosed Altran Jul-16 Software Outsourcing company headquartered in the US and delivery in Ukraine acquired by a engineering consulting firm *Includes only disclosed deals • There were 5 exits in 2017 for $8M total and the same number of exits in 2016, two of which accounted for $43M • Most of the exits, however, remain undisclosed
  • 9. Sources of early capital • In 2017, startups attracted early funding (Seed and Series A) primarily from the institutionalized Venture Capital funds (90%), from Angel investors (6%), and Crowdfunding platforms (3%) • According to UAngel Association, in 2017, Angels invested $3.5M into 20 companies 2010 2011 2012 2013 2014 2015 2016 2017 Millions, USD 0 20 40 60 80 Accelerator Angel Corporate VC Crowdfunding Grant Undisclosed VC Sources of capital by investment volume *Excludes grants, crowdfunding, buyouts, M&A deals, ICO funding
  • 10. Most active investors Seed to Series A Late Stage L o c a l F o r e i g n
  • 11. We Invest in Ukraine UVCA shapes the future direction of the private equity industry by promoting investment opportunities in Ukraine, representing interests of private equity investors to policymakers and improving investment and business climate in Ukraine. Being a member of Invest Europe, we connect our members with the main players of the global investment market. UVCA plays a role of a bridge between Ukrainian and foreign private capital ecosystems 47 members $600 MLN invested over the past 5 years $10B+ capital under management Contact us: www.uvca.eu ceo@uvca.eu Ukrainian Venture Capital and Private Equity Overview 2016 UVCA Investors Book: Who is Who on the Ukrainian Investment Market
  • 12. Investors portfolio: selected deals Early Stage and Round A .io analytics
  • 13. Investors portfolio: selected deals Early Stage and Round A Other Early Stage Investors
  • 14. Investors portfolio: selected deals Growth and Buy-out Stage Sold
  • 15. Ukrainian Investors with portfolio abroad Sold 100+ Investments Sold
  • 16. Companies with most international revenue Tech holding with fast-growing products operating in African and Asian markets Security and cleaning software for Mac Mac software development company Interactive restaurant dining technology Cloud CRM for sales, marketing and service automation AI-powered spell-check SaaS company Document management SaaS to edit, sign, share and store documents online Payment & content distribution platform for digital goods & services in 200+ countries Developer of iOS productivity apps such as Spark, Documents, and Scanner Pro Leader in Connected Pets, maker of Petcube Play and Petcube Bites E-commerce holding with fast- growing products in 5 countries Online booking services including flights, hotels and insurance. Supply Side Platform with own Video Ad Marketplace Mobile app for event planning Storage management and SAN software for SMBs Tools engineered to increase user adoption and ROI of enterprise applications (CRM, ERP, etc.) Multifunctional Cryptocurrency Exchange Mobile App marketing with user acquisition technology Micro-stock photo-bank online marketplace Global jobs search engine
  • 17. Top E-commerce companies on Ukrainian market Local players Global players
  • 18. Select articles of 2017 US-Ukrainian Grammarly secures $110 million from top international investors By Ukraine Digital News / May 09, 2017 Ukrainian-founded Allset raises $5 million to further expand on US market Combined reports by VentureBeat, Ukraine Digital News / Oct 30, 2017 Petcube raises $10 million, aims to develop Big Data analysis to better understand pets By Jane Kuhuk, Ukraine Digital News / Oct 26, 2017 Western NIS Enterprise Fund launches new fund to back startups in Ukraine and Moldova By Ukraine Digital News / Nov 15, 2017 Multimillionaire Vasyl Khmelnytsky aims “to build a match for Silicon Valley in Ukraine” By Jane Kuhuk, Ukraine Digital News / Nov 14, 2017 Ukrainian Eda.ua merges with Baltic Foodout: The Eastern-European food delivery leader consolidates By Jane Kuhuk, Ukraine Digital News / Jul 06, 2017 *These articles first appeared in Ukraine Digital News (www.uadn.net)
  • 19. Unreported deals estimation & methodology • We estimate that only 60% of Seed, Follow-on, Series A and Series B were disclosed in 2017. More deals will be announced later in the year • Deals included: Internet-related companies with Ukrainian founders and significant presence in Ukraine • Deal amount estimation: for deals with the size range, we used a median figure, for “over X deals” - we used a minimum, for unconfirmed deals - we relied on our best estimate or used statistical method for estimation • Deal sources: startup founders, UVCA and UAngel associations, VC funds, public information • Foreign capital: the rounds were marked foreign if the lead or majority investor is from outside of Ukraine; Ukrainian/Foreign investors are funds with majority of operations located in Ukraine/ outside of Ukraine respectfully • Round sizes: we used the information from founders and, if absent, from Crunchbase to label rounds correctly. In case of limited information, we used deal’s size to appropriately name the round (Seed - up to $2M), Series A ($2-5M), Series B ($5-10M), Growth & Secondary ($10M+) Millions,USD 0 75 150 225 300 2010 2011 2012 2013 2014 2015 2016 2017 25 20 44 13 29 25 96 265 80 146 42 97 80 2520 Reported Unreported Estimate of unreported deals 55 190 290 126 105 3426 100
  • 20. T H E F I R S T - E V E R R E S E A R C H S T U D Y A B O U T VENTURE ACTIVITY & STARTUP ECOSYSTEMS IN CENTRAL & EASTERN EUROPE ALBANIA, ARMENIA, AZERBAIJAN, BELARUS, BOSNIA-HERZEGOVINA, BULGARIA, CROATIA, CZECHIA, ESTONIA, GEORGIA, HUNGARY, KAZAKHSTAN, KOSOVO, LATVIA, LITHUANIA, MACEDONIA, MOLDOVA, MONTENEGRO, POLAND, ROMANIA, RUSSIA, SERBIA, SLOVAKIA, SLOVENIA, UKRAINE § VC data and trend analysis from each country of the region § Interviews and opinion from leading experts and investors § Special sections on AI, Blockchain, and Corporate strategies I N PA R T N E R S H I P W I T H
  • 21. Deals of 2017 Company Amount Raised Investors Investor Type Deal Type Sector Brief Descriptions Grammarly 110,000,000 General Catalyst, IVP, Spark Capital VC Growth and Secondary Online services AI-powered SaaS for checking grammar BitFury 30,000,000 Credit China Fintech Holdings VC Growth and Secondary Other Bitcoin Blockchain security and infrastructure provider Petcube 10,000,000 Almaz Capital, Y Combinator, AVentures Capital, U.Ventures, Digital Future, private investors VC Round A Consumer Internet Leader in Connected Pets People.ai 7,000,000 Lightspeed Venture Partners, Index Ventures, Shasta Ventures, Y Combinator , SV Angel VC Round A Online services Sales management platform that enables its users to manage their teams and grow revenues YayPay 5,300,000 QED Investors, Birchmerem Fifth Third Capital, 500 Fintech Fund, Aspect Ventures, Gaingels, Techstars, Zelkova VC Round A Software AI to accelerate cash flow and automate accounts receivables Allset 5,000,000 Greycroft, Andreessen Horowitz, Vaizra Investments, Compound, FJ Labs, SMRK VC Round A Mobile App allowing for faster and better lunch experience Rentberry 2,800,000 Zing Capital, Nelson Brothers Property Management, Hopewell Development, 808 Ventures, Beachwood Ventures, Jade Value VC Round A E-commerce Long-term apartments rentals Talkable 2,000,000 Go Ahead Ventures VC Round A E-commerce Technology platform for referrals created for marketers Turnkey Lender 2,000,000 Vertex Ventures, SMRK VC Round A Software Turnkey automation software for all stages of a loan life cycle PromoRepublic 1,200,000 Howzat Partners, Digital Future,Spring Capital VC Seed Software SaaS-based platform for marketing professionals who conduct online digital promotions CallPage 1,100,000 bValue VC Seed Software Call generation tool
  • 22. Deals of 2017 Company Amount Raised Investors Investor Type Deal Type Sector Brief Descriptions Bookimed 500,000 AVentures Capital VC Seed online services International patients marketplace Kitcast 500,000 SMRK VC Seed Software Smart digital signature solution Kwambio 500,000 Empire State Capital Partners, Impulse VC VC Seed Other Platform for designers and users of 3-D printing bNesis 482,000 bValue, SpeedUp Group VC Seed Software bNesis combines multiple CRM, e-Commerce, payment, insurance and financial services into a single solution for banks Senstone 389,000 Kickstarter, Indiegogo Crowdfunding Crowdfunding Other Device that converts voice notes into text Jollylook 377,000 Kickstarter Crowdfunding Crowdfunding Other A vintage instant camera from recycle materials UGears 288,000 Kickstarter Crowdfunding Crowdfunding Other Mechanical musical models for assembling and play AgriEye 200,000 Katapult Accelerator Seed Software AI based solution to support farming efficiency Influ2 190,000 angel investors VC Seed Enterprise Account-based advertising platform for B2B Delfast 165,800 Kickstarter Crowdfunding Crowdfunding Other Fastest electro bike Poptop.fm 160,000 Northstar Ventures VC Seed Online services Entertainment booking service Rinsten Spring 136,000 Kickstarter Crowdfunding Crowdfunding Other Smart shock absorber for bikes Creditor.ai 130,000 Starta Accelerator Seed Online services Turned down loan applications marketplace
  • 23. Deals of 2017 Company Amount Raised Investors Investor Type Deal type Sector Brief Descriptions QLYX 125,000 Kickstarter Crowdfunding Crowdfunding Other Smart mount SolarGaps 102,000 Kickstarter Crowdfunding Crowdfunding Other Smart energy saving solar panels Luciding 87,000 Kickstarter Crowdfunding Crowdfunding Other Lucid dreaming wearable Hushme 80,000 Indiegogo, Kickstarter Crowdfunding Crowdfunding Other Voice mask for smartphones PassivDom 60,000 Horizon 2020 Grant Grant Other Off-grid 3D-printed gadget houses Technovator XE 59,700 Horizon 2020 Grant Grant Other Wireless charger for gadgets Huru 52,000 Kickstarter Crowdfunding Crowdfunding Other Smart backpack SolarGaps 50,000 Horizon2020 Grant Grant Other Smart energy saving solar panels Fishball 40,000 Indiegogo Crowdfunding Crowdfunding Other 360 lens for iPhone Cubomania 29,600 Vernandsky Challenge Grant Grant Other Smart interactive toy for kids Cardiomo 20,000 Vernandsky Challenge Grant Grant Other Wearable technology for health monitoring HeartIn 18,000 Kickstarter Crowdfunding Crowdfunding Other ECG monitoring T-shirt CloviFi 18,000 Vernandsky Challenge Grant Grant Other Wireless audio transmitter
  • 24. Deals of 2017 Company Amount Raised Investors Investor Type Deal type Sector Brief Descriptions Lamp model 007 11,000 Kickstarter Crowdfunding Crowdfunding Other Mobile lamp that could work anywhere Racoon 7,000 Vernandsky Challenge Grant Grant Other Hand gadgets that allow interacting with virtual and digital reality Drone.UA Undisclosed Private investors from the UK, Poland and Moldova VC Seed Other Maker of inexpensive drones for agriculture Kray Technologies Undisclosed Chernovetskyi Investment Group VC Round A Other Drone-based solution for aerial crop protection Softcube Undisclosed Chernovetskyi Investment Group VC Round A Software Self-service ecommerce personalization eTachki Undisclosed U.Ventures VC Follow-on Online services Online auction for used cars PassivDom Undisclosed Undisclosed VC Seed Other Off-grid 3D-printed gadget houses Rallyware Undisclosed Digital Future, U.Ventures VC Follow-on Enterprise Enterprise software to engage independent workforces TeamFusion Undisclosed AVentures Capital VC Seed Enterprise Personalized end-user Microsoft Office 365 employee training. ShipNext Undisclosed Private investor VC Seed Online services Marketplace for global freight market People.ai Undisclosed GGV Capital, Y Combinator, angel investors VC Follow-on Online services Sales management platform that enables its users to manage their teams and grow revenues. Grossum Undisclosed App Solution M&A Acquisition Outsourcing IT-outsourcing Time4Machint Undisclosed Imperious Group VC Seed Other Exclusive mechanical models made of metal Jumperound Undisclosed Imperious Group VC Seed Other Maker of WOM card game
  • 25. Deals of 2016 Company Amount Raised Investors Invest or Type Deal type Sector Brief Descriptions Busfor 20,000,000 Baring Vostok Capital Partners, Elbrus Capital VC Round B Online services Online ticketing bus service Sixa 3,800,000 Tandem Capital, Digital Future, Horizon Capital, Gagarin Capital, Social Capital, Presence Capital, Rising Tide Fund, other investors, TMT Investments. U.Ventures VC Seed Software Full computer in an app Allset 3,350,000 Andreessen Horowitz, Metamorphic Ventures, SMRK, FJ Labs VC Seed Mobile App allowing for faster and better lunch experience Mobalytics 2,600,000 Almaz Capital, Founders Fund, General Catalyst, GGV Capital VC Seed Online services Platform for gamers to increase their effectiveness in games Attendify 1,700,000 TMT Investments, Digital Future VC Round A Mobile Mobile events apps for event planners Leantegra 1,500,000 Angel Investor Angel Seed Software Real-time location sensing and analytics Polyteda Cloud 1,340,000 Horizon 2020 Grant Grant Other Advanced physical verification solutions Preply 1,300,000 Angels, Xevin Investments, Digital Future, Hedgehog Fund, SMRK, Techstars, RTA Ventures VC Round A Education Online marketplace for Skype and local tutoring activities Galactic Exchange 1,250,000 Floodgate, Signia Venture Partners VC Seed Other Big Data analysis eTachki 1,000,000 TA Ventures VC Seed Online services Online auction for used cars Madberry 1,000,000 SMRK, Viewster VC Seed Enterprise Data-driven user acquisition platform for gaming vertical Hamsters 700,000 Angel Investor Angel Seed Online services Online performance marketing real estate marketplace designed for emerging markets Rallyware 680,000 Digital Future, WannaBiz, LighterCapital, Angel VC Seed Enterprise Enterprise software to engage independent workforces
  • 26. Deals of 2016 Company Amount Raised Investors Investor Type Deal type Sector Brief Descriptions GeoZilla 600,000 Angel Investor Angel Seed Mobile IoT platform for family safety PromoRepublic 550,000 Digital Future, Vendep, Tekes, Angels VC Seed Software SaaS based platform for marketing professionals who conduct online digital promotions Topmall.ua 550,000 Undisclosed VC Follow-on E-commerce Online shopping store CallPage 500,000 Angel Investor Angel Seed Enterprise Call generation tool Mevics 500,000 UBTower VC Seed Other Gadget for healthy spine Robo 500,000 Arkley VC, Angels VC Seed Mobile Robotics toys for kids Spinbackup 500,000 AVentures Capital, angel investors VC Seed Enterprise Cloud Cybersecurity and Cloud-to-Cloud Backup solutions provider Tripmydream 500,000 SeedSummit 2016 VC Seed Online services Travel startup finding the best trip within a set budget Reply.io 400,000 Digital Future, WannaBiz VC Seed Enterprise Email marketing service Softcube 400,000 Digital Future, Chernovetsky Investment Group VC Seed Software Self-service ecommerce personalization Rentberry 320,000 WP Global Partners, Boston Venture Fund, Angels VC Seed E-commerce Long-term apartments rentals LifeTracker.io 220,000 Digital Future VC Seed Other AI life planning eCozy 200,000 Seedmatch.de Crowdfunding Crowdfunding Other Self-learning touchscreen thermostats that reduces heating costs AgriEye 150,000 Angel Investor Angel Seed Software AI based solution to support farming efficiency Highbrow 150,000 Angel Investor Angel Seed Education Short education lessons delivered to inbox daily
  • 27. Deals of 2016 Company Amount Raised Investors Investor Type Deal type Sector Brief Descriptions Hideez 500,000 or less Concorde Capital, UUI Ventures, angel VC Seed Other Electronic hardware for cybersecurity bNesis 130,000 Starta Accelerator Accelerator Seed Software Services that combines multiple CRM, e-Commerce, payment, insurance and financial services into a single solution for banks Cardiomo 130,000 Starta Accelerator Accelerator Seed Other Wearable technology for health monitoring SendPulse 130,000 Starta Accelerator Accelerator Seed Enterprise Marketing platform for email/SMS/push with AI Ecoisme 120,000 Virgin Media Accelerator Accelerator Seed Software Energy consumption optimization platform Taplend 120,000 Angel Investor Angel Seed Other Instant money transfers from friends or loans from financial institutions Ecoisme 110,000 EDF Pulse Grant Grant Software Energy consumption optimization platform Roopor 110,000 Publicis90 VC Seed Mobile Live audio streamings app Providence 100,000 Cisco Recharge IT Grant Grant Enterprise IT security service Sense 100,000 Kickstarter Crowdfunding Crowdfunding Other Device and technology for recording and organizing notes Solargaps 100,000 Angel investors Angel Seed Other Smart energy saving solar panels Tona 100,000 Smart Transportation Accelerator Accelerator Seed Online services On-demand city shipping service Moggie 80,000 The Springfield project Accelerator Seed Consumer Internet Smart collar for cats Taplend 80,000 SellaLab Accelerator Seed Other Instant money transfers from friends or loans from financial institutions
  • 28. Deals of 2016 Company Amount Raised Investors Investor Type Deal type Sector Brief Descriptions Mobalytics 50,000 TechCrunch Disrupt Grant Grant Online services Platform for gamers to increase their effectiveness in games Skywell 50,000 Cisco Recharge IT Grant Grant Software Software to interact with visitors of airports, malls and other public places Lit-Era 50,000 Angel Investor Angel Seed Online services Online library Wishround 43,000 Wayra Accelerator Seed Online services Social payments and gift services Feel-VR 40,000 IoT Hub, DIY Lab Accelerator Seed Other VR chair for gamers Hideez 40,000 Indiegogo Crowdfunding Crowdfunding Other Electronic hardware for cybersecurity InCafe 40,000 Angel Investor Angel Seed Mobile App for restaurant guests to place orders Mymobstr 40,000 Startup.Netowrk, angel Investor Angel Seed Mobile Platform for selling video to TV and media companies SmagPoint 40,000 IoT Hub, DIY Lab Accelerator Seed Other Charging station for cars Solargaps 40,000 IoT Hub, DIY Lab Accelerator Seed Other Smart solar panels StepShot 33,000 Startup Wise Guys Accelerator Seed Online services Step by step tutorials Amica 30,000 Cisco Recharge IT Grant Grant Enterprise Marketing campaigns for shopping malls Luciding 30,000 Angel Investor Angel Seed Other Lucid dreaming service Mobile Business (NGServ) 30,000 Cisco Recharge IT Grant Grant Enterprise Cybersecurity project Biosens 20,000 IoT Hub, DIY Lab Accelerator Seed Other Fast diagnostic of food products
  • 29. Deals of 2016 Company Amount Raised Investors Investor Type Deal type Sector Brief Descriptions Foodger 20,000 IoT Hub, DIY Lab Accelerator Seed Mobile Groceries management Luciding 20,000 iQSpace Accelerator Seed Other Lucid dreaming service Culturefest 20,000 Hackathonbridge Grant Grant Mobile Mobile app discovering cultural specifics of Ukrainians, Polish and Moldovans Digital Parking Map of Europe 20,000 Hackathonbridge Grant Grant Mobile Mobile app with online parking Titanovo 10,000 Indiegogo Crowdfunding Crowdfunding Other Telomeres length test and platform Ask.fm Undisclosed Noosphere Ventures M&A Acquisition Online services Q&A service for popular questions DeployStation Undisclosed Numa Accelerator Seed Software multi-platform app for game server creation and its management for multiplayer games Fiksu Undisclosed Clickdealer M&A Acquisition Enterprise Fiksu - a mobile marketing tech company Clickdealer - marketing agency GetGoing Undisclosed BCD Holding M&A Acquisition Mobile Tour agent for leisure travelers Lohika Undisclosed Altran M&A Acquisition Software Outsourcing services People.ai Undisclosed Angel Investor Angel Seed Enterprise SaaS for improving sales force's effectiveness Kwambio Undisclosed Empire State VC Seed Other Platform for designers and users of 3-D printing Serpstat Undisclosed Digital Future VC Seed Enterprise Growth hacking tool for SEO, PPC and content marketing SocPrime Undisclosed Digital Future VC Seed Software Security & Intelligence Management Platform
  • 30. Dealbook Ukraine - previous editions
  • 31. Other reports on Ukraine
  • 32. Brought to you by AVentures Capital team Noticed a mistake or inaccuracy? Please submit your corrections to yuliya@aventurescapital.com Yevgen Sysoyev Managing Partner Yuliya Sychikova Associate