Swedish tech company Velory enters Ukrainian market

The Swedish company Velory, which provides businesses with services in the field of productivity, will open an R&D office in Ukraine. It plans to build a team of 20-25 professionals in a year. Currently, about 50 employees are working for the company.

About Velory

Velory offers Productivity-as-a-Service. It is working on an innovative product — a platform that optimizes for clients the work of their employees and makes teams more productive. The company was launched in 2014 and today serves about 30,000 customers worldwide.

The company was previously called Universal Avenue. In June 2020, it raised $7 million (60 million Swedish kronor) from Kaj Hed, Chairman of Rovio Entertainment. After that, it rebranded and expanded its team.

Today, Velory employs about 50 people and has two offices — in Gothenburg and the headquarters in Stockholm. Also, there will soon be an R&D office in Ukraine.

Why Ukraine?

“Interest in our platform is growing rapidly. So, we plan to double our production team to meet the growing demand. We visited Ukraine during a research trip in early 2020 and were amazed at the talent level of the professionals and the wonderful people we found. Since then, we have successfully started cooperating, and now we are taking the next step by opening our R&D center here,” Velory told AIN.UA.

Over the next 12 months, Velory plans to hire 20-25 React.js and Ruby professionals in Ukraine, who will work closely with developers in Sweden. The company told us that the team would initially work remotely, and the physical office will only be opened when the team is already fully assembled. Velory did not answer in which city the office will be located.