Three Ukrainian startups totally raised $1.15 million from U.Ventures fund

U.Ventures investment fund, founded by Western NIS Enterprise Fund, invested $1.15 million at one stroke in three Ukrainian startups: YouTeam, 3DLook and Pufetto. Representatives of U.Ventures informed the editorial team of AIN.UA about this fact. The investment raised will help startups to develop their products, create new jobs and enter new markets. However, they did not specify in the fund the amounts, invested in each of the startups.

Earlier U.Ventures invested over $2.3 million in 6 Ukrainian startups. Apart from YouTeam, 3DLook and Pufetto, the fund invested in eTachki, Petcube, Sixa and .IO. U.Ventures’s portfolio comprises US-Ukrainian Rallyware. The fund does not disclose the name of one more project.

3DLook startup, founded in 2016 by Vadim Rogovskiy, entrepreneur from Odessa (cofounder of Clickky), develops a technology for scanning and measurement of human body by means of two photos from smartphones, using the artificial intelligence, neural networks and the latest 3D technologies. U.Ventures invested 450,000 Euro in 3DLook as a part of the above-mentioned round.

YouTeam project, launched in Lviv in 2014, was conceived as a platform for outstaffing – technical staff hiring to the companies, dealing with software development. YouTeam was created with an ambitious goal – to become “Booking for outsource industry” – the only resource, where the companies can gain access to the verified international specialists and contractors as well as manage remote development teams and cooperate with them in a secure environment.

Pufetto is one of the leaders on e-commerce market in the segment of furniture sales, which enable the customers themselves to create design of their furniture (sofas, armchairs, beds) based on the project’s online platform with further delivery to the customer’s door within 3-4 weeks. Pufetto sales furniture not only via online platform, but also using showrooms in Ukraine and Germany.

“YouTeam, 3DLook and Pufetto are excellent examples of Ukrainian companies and startups, which create innovative products and are competitive on international market. We enjoy investing in these startups. We are persuaded that there is a huge potential for leadership in the projects’ segments not only in Ukraine, but all over the world” – Yaroslava S. Johnson, President and CEO of Western NIS Enterprise Fund, commented.

Western NIS Enterprise Fund (WNISEF) is the first regional $150 million private equity fund, established based on US government funding through United States Agency for International Development (USAID). For 23 years of operation in Ukraine and Moldova Western NIS Enterprise Fund has invested $172 million. U.Ventures, established under WNISEF, invests in technology startups at early stages.