Kyiv-based u.ventures invests $4M in eight Ukrainian and one Moldovan startup

Since February 24, 2023, Ukrainian u.ventures invested $4 million at one stroke in one Moldovan and eight Ukrainian startups, among them are Instock, Haiqu, Cloudprinter, and Bloomcoding. Representatives of u.ventures informed the editorial team of AIN.Capital about this.

• u.ventures was founded in 2017 by the Western NIS Enterprise Fund (WNISEF), a regional fund with a capital of $285 million. As of today, u.ventures has invested over $7.5 million in 23 Ukrainian and Moldovan startups.
• Among the funded startups are:
  • Instock, a Ukrainian robotics startup founded by Zakaz.ua in May 2023. At the same time, the project secured $3 million from the funds One Way Ventures, Lux Capital, and Commerce VC, as well as $1.6 million from business angels.
  • Haiqu, a US-Ukrainian startup that develops technologies to increase the efficiency of quantum computers. In June this year, it announced the closing of a $4 million pre-seed round.
  • Cloudprinter, a global network of print-on-demand software solutions. It has headquarters in the Netherlands, Denmark, and Ukraine, where most of the workforce is located.
  • Speedsize, AI optimization of media content. The startup was founded by Sagi Keen and Vlad Malanin in 2019.
  • American startup with Ukrainian co-founders and a team in Ukraine, NewHomesMate (formerly Propertymate), a marketplace of new buildings. Recently, the startup announced a $1 million from Toloka.vc.
  • Bloomcoding, a Moldovan online coding school for children, and three more companies, information about which is not available.

“Since technologies such as artificial intelligence, augmented reality and quantum computing will open up new opportunities in the next decade, we believe that Ukrainian startups have every chance to take leadership positions in these areas and take advantage of the prospects that
open before them.”

Yaroslava Johnson, president and chief executive officer of WNISEF, commented.

• u.ventures claims these investments will strengthen the position of the technological sector of Ukraine in conditions of a full-scale war.