$544M in 2019: all deals and investments in Ukrainian IT industry

AVentures Capital has published its annual overview of the Ukrainian tech investment industry DealBook. The editorial staff of AIN.UA chose the highlights.

Key facts

The total funding volume into the Ukrainian IT industry was record-breaking in 2019. For the first time, total investments surpassed a $0.5B mark, totaling $544 million.

More than 75% of this amount was raised as late-stage funding rounds by three companies:

• Grammarly – $1+ billion last round valuation ,
• GitLab – $2.5 billion valuation,
• People.ai – $0.5 billion.

The volume of deals in the early stages did not change compared to 2018. The total amount raised Seed and A Rounds funding accounts $44 million.

The Ukrainian product companies have made exits for a total of $478 million. Most of the exits are up to $100 million, while startups evaluated above this amount remain private companies.

Deals of 2019

The authors of the overview collected all public deals made in 2019 and ordered them by the sum raised. The result you can see in the following table:

They also separately showed the investments of software development companies. The amounts of deals are not disclosed.

Active investors

Most investments in Ukrainian startups were made by foreign investors at both seed and growth stages.

Currently, the public portfolio of Ukrainian investment firms for today looks as follows:

Top tech companies in Ukraine

AVentures Capital also selected the largest product companies with most international revenue and top e-commerce companies in Ukraine.