Top Startups / July 13, 2021
Asaf Fybish

Asaf Fybish is a growth marketing professional. He likes all things organic, especially when it comes to growth. He's our Chief of Stash at StartupStash

Top Ukrainian Startups To Watch in 2021

Ukraine and its people have had a turbulent last decade that is true, but that hasn't stopped the country from developing a fast-growing and high-quality startup ecosystem. This has led to the country being ranked in the top-30 for its ecosystem and the city of Kyiv was rated as a European Hub. This shows that there are some top startups coming out of Ukraine, with some top talent behind them.

This has led to a number of companies like Google and Reddit, deciding to expand their operations into the country. There have been a handful of high-profile investments and some interesting faces in the venture capitalists involved in these companies.

1. Poster

Year Founded: 2013

HQ: Kyiv, Ukraine

Size: 101-250

Founder(s): Rodion Yeroshek, Ryzhkov Oleksandr

Poster is a Ukrainian SaaS startup that was founded eight years ago and is currently based in Kyiv, Ukraine. The company provides solutions for cafes and similar businesses by providing them with cloud-based technology for Point of Sale (POS). This can all be powered from an iPad and ends up saving the businesses a lot of effort and expense in the long term.

This offering has led to the company attracting further investment to fund its growth and development. The company conducted a Seed Funding Round during 2013 and it was in that round that a venture capital firm 908 Inc from California decided to make an investment.

2. Epom Ad Server

Year Founded: 2010

HQ: Kyiv, Ukraine

Size: 51-100

Founder(s): Alex Lunkov, Anton Ruin, Sergiy Chudnovkyy

Epom Ad Server is a Ukrainian startup that was founded in 2010 and is currently based in Kyiv, Ukraine. The company operates a complete software system for its customers that manages all of their ad requirements. Customers are able to operate a number of different advert types through this platform, which makes it incredibly versatile.

The company has managed to convince an investor about the potential of the brand. To this end, the company has managed to secure startup funding worth $7 Million, which was achieved during a funding round in 2014.

3. Casual

Year Founded: 2013

HQ: Kyiv, Ukraine

Size: 51-100

Founder(s): Nick Nikolaev, Victor Teslenko

Casual is a Ukrainian startup that was founded in 2013 and currently operates in the country's capital city. The company operates an online project management tool that allows teams to easily collaborate, using a variety of tools, including visual workflows. This means that companies can tackle their projects with more efficiency, saving time and resources.

The company has grown significantly since 2013, although the founding team believed that they needed more funding to push to the next level. As a result of this, the company launched a Seed Funding Round in 2014 to get this money, then GrowthUP made an investment in the business.

4. Morbax HR 

Year Founded: 2016

HQ: Kyiv, Ukraine

Size: 11-50

Founder(s): Mamed Khalilov

Morbax is one of the most exciting startups in Ukraine and was founded in 2016, currently operating in the capital of the country. The company operates an online platform that allows users to manage candidate recruitment, scoring, and continued development once they become an employee. This service is allowing businesses to streamline their HR practices, which increases overall operational efficiency.

The company has already managed to attract startup funding to further its development. In total, the company managed to secure $150,000 from a single investor in 2018. The company has also made a purchase in the acquisitions market, taking over a Ukrainian educational technology platform in 2017.

5. CADLAB io

Year Founded: 2015

HQ: Kyiv, Ukraine

Size: 1-10

Founder(s): Dmitry Zhgenti

CADLAB is a Ukrainian startup that was founded six years ago and is currently based in Kyiv, Ukraine. The company operates through a SaaS platform that uses the cloud to provide Git version control repositories. These repositories are used to optimize the process of hardware development. This makes the whole development process a lot easier to complete and saves a lot of time.

The company has managed to attract investment from two venture capital parties. The first of these was conducted in 2018 and the second was carried out in the following year. This money has been used to further the development of the Russian startup.

6. Eve.calls

Year Founded: 2016

HQ: Kyiv, Ukraine

Size: 1-10

Founder(s):Aleksey Skripka, Anna Skrypka

Eve is a Ukrainian SaaS startup that was founded five years ago and currently operates in the capital of the country. The company has developed a human-like AI bot that increases the efficiency of sales and customer service teams by taking away tedious calls and notifications that are done by people and giving them to the bot to complete. This has made life a lot easier for companies using their software.

Despite the advanced nature of the company's offering, it has not yet sought out or secured any startup funding. Despite this, a business of this nature will eventually need funding for research and development, which I don't see Eve struggling to receive at all.

7. PriNum

Year Founded: 2013

HQ: Kyiv, Ukraine

Size: 11-50

Founder(s): Eugene Zimin

PriNum is a Ukrainian mobile payment software startup that was founded in 2013 and is currently based in Kyiv, Ukraine. The company differentiates itself by the additions that it has made to the mobile wallet 'genre', like social media functionality. The company already has established payment partnerships with the world's biggest names, including Visa and Mastercard.

Despite the scope of the company's services, it has not yet voiced the need to gain startup funding to continue growing at this time. This may change in the future and the business has the necessary tools to gain startup funding if it needs it.

8. Ninja Lender

Year Founded: 2018

HQ: Warsaw, Poland

Size: 1-10

Founder(s): Alexey Zinchenko, Dmitry Shurkayev, Valery Yurikov, Yaroslav Dubov, Yurii Fomin

Ninja Lender is a B2B fintech startup that was founded three years ago and has decided to swap Ukraine for a place in the Polish capital city. The company operates a platform whereby businesses can buy up rejected loan applications so that they can retarget these customers and try to fulfill their needs where previous lenders have failed. This model has seen the company roar to some early success.

Despite the fact that the company is only three years old, it has already managed to gather a noteworthy amount of startup funding worth $118,100. This was achieved through a pair of investors and the latest investment came as recently as May 2021. This shows that the business is still actively targeting aggressive future growth.

9. SupportYourApp

Year Founded: 2010

HQ: Kyiv, Ukraine

Size: 501-1000

Founder(s): Daria Leshchenko

SupportYourApp is a Ukrainian startup that was founded at the start of the last decade and is currently based in Kyiv, Ukraine. The company currently has a massive headcount and has been growing since it was founded. The company itself operates human and technology outsourcing for customer support. They are targeting Unicorn level startups around the world as well as other businesses.

The company has managed to receive outside investment to further its growth and development over the coming years. The first was a Seed Funding Round that was conducted during early 2014 and a Venture Round that was conducted more than three years later in late 2017

10. Clubberspot

Year Founded: 2018

HQ: Kyiv, Ukraine

Size: 11-50

Founder(s): Ivan Zhuravel, Nikita Tsarenko, Serhii Matsenko

Clubberspot is a Ukrainian startup that was founded in 2018 and is currently based in Kyiv, Ukraine. The company operates an online marketplace that connects DJs and other performs with bookings for events that need talent to perform. This makes the process of finding a gig and finding a performer much easier and less time-consuming.

The company has managed to attract startup funding to assist with further development of both the platform and the business itself. This funding came in the form of a Seed Funding Round which was conducted in 2018. This investment was worth a total of $200,000.

11. TravelPost

Year Founded: 2017

HQ: Kyiv, Ukraine

Size: 1-10

Founder(s): Yaroslav Lvovych

TravelPost is one of the most intriguing startups in Russia, having been founded in Ukraine four years ago. The company operates out of Kyiv and has a C2C crowd shipping platform where people can request to have items picked up for them and someone on the platform can take that order and deliver the goods, earning money by doing so.

The company has managed to attract investment from a duo of investors with the sophistication of its business model and service offering. These investors put a collective total of $520,000 into the business with multiple funding rounds in 2018 and a single funding round in the following year.

12. Ugears

Year Founded: 2014

HQ: Kyiv, Ukraine

Size: 11-50

Founder(s): Denis Okhrimenko

Ugears is a nifty startup that was founded seven years ago and currently works from the Ukrainian capital city. The company makes its name by designing build kits for a wide variety of self-propelled and cool designs, including dragons, trains, cars and more. These kits are suitable for people of most ages and help to gain a lot of insight into the way that mechanical engineering concepts work.

The company has managed to convince the general public that they have a lot to offer. The general proof of this is the fact that the company managed to raise a total of $707,000 in startup funding. This funding was achieved through a pair of equity crowdfunding rounds, with one being conducted in 2015 and the other in 2017.

13. Bookimed

Year Founded: 2014

HQ: Kyiv, Ukraine

Size: 101-250

Founder(s): Eugene Hotyanov, Evgeniy Kozlov

Bookimed is a Ukrainian healthcare startup that was founded in 2014 and is currently based in Kyiv, Ukraine. The company operates a platform that allows users to find the best medical facilities possible when they are traveling, meaning that they can be safe, no matter what their location is. This goal is one that will help people across the globe to get access to much better standards of healthcare.

So far, the company has managed to attract the attention of a sole investor to sink money into the company for research and business development. This funding reached a total of $500,000 and is definitely not bad for a company in one of the world's new and developing startup ecosystems.

14. Atlas

Year Founded: 2014

HQ: Kyiv, Ukraine

Size: 1-10

Founder(s): Alexey Rashchupkin, Ivan Kalinin

Atlas is an agriculture startup from Ukraine that was founded in 2014 and currently resides in the country's capital. The company operates a platform to facilitate the export and delivery of organic and healthy foods outside of Ukraine. This helping one of the country's most important markets to gain more international coverage.

The company has managed to gain a good amount of startup funding to help it grow and improve within the local market. This has led to the company gaining a total of $200,000, which it received in 2014.

15. Uptech

Year Founded: 2016

HQ: Kyiv, Ukraine

Size: 11-50

Founder(s): Andriy Bas

Uptech is a Ukrainian startup that was founded five years ago and is currently based in Kyiv, Ukraine. The company operates a platform whereby businesses can outsource their web and app development projects to the company. They will then complete the project for the customer and will receive money for that service.

As it stands, the company has not yet received any outside startup funding to help improve the business. This does not mean that a company will not receive any similar type of funding in the future.

16. Titan-Electro

Year Founded: 2017

HQ: Kyiv, Ukraine

Size: 1-10

Founder(s): Rob Shaver

Titan-Electro is a Ukrainian startup that was founded four years ago and is currently based in Kyiv, Ukraine. The company creates vehicle controllers for electric vehicles with smart apps and tablets. These controllers have advanced heat controls and come with new battery management systems. The company allows people to turn their gasoline vehicles into electric vehicles for a limited amount of time.

Despite the relative infancy of the business, the company has still managed to attract startup funding to further its development. This was achieved through a 2018 funding round where the company raised a total of $500,000 from a company called Atlas Bridge Capital.

17. GameTree

Year Founded: 2016

HQ: San Francisco, United States

Size: 11-50

Founder(s): John Uke

GameTree is a social gaming startup that began in Ukraine in 2016 and has since relocated to San Francisco, California. The company operates a free-to-use mobile app that allows its users to connect with like-minded gamers so that they can make new friends and form teams to dominate gaming servers.

Since being founded in 2016, the company has managed to drum up a sole round of investment to further develop its app and the business. This funding round was conducted in 2018 and accumulated a total of $650,000 in funding.

18. Casers

Year Founded: 2015

HQ: Kyiv, Ukraine

Size: 1-10

Founder(s): Andrey Konoplenko, Rodion Salnik

Casers is an educational platform startup that was founded in Ukraine in 2015 and has since grown into a great Ukrainian startup. The company operates a platform that allows job seekers and other professionals to take on tasks set by the managers of businesses. This allows the job seekers to get experience and help them land a job, especially for university students.

The company has managed to achieve startup funding from a single investor since being founded six years ago. This funding round took place in 2019 and generated an undisclosed level of funding for the business.

19. Mawi Solutions

Year Founded: 2017

HQ: Kyiv, Ukraine

Size: 11-50

Founder(s): Artem Malynovskyi

Mawi Solutions is a Ukrainian healthcare startup that was founded four years ago and is currently based in the capital of the country. The company creates tools and solutions to allow 

for the analysis and collection of data relating to heart conditions. This allows for earlier diagnosis, treatment and overall, a better healthcare experience.

The company has not received any startup funding in its four years of operation, although this is not a cause for concern as the company is still growing strongly. It would not be a surprise to see startup funding for Mawi in the future when the company plans for aggressive growth.

20. Agroxy

Year Founded: 2016

HQ: Kyiv, Ukraine

Size: 1-10

Founder(s): Andriy Dresvyannikov, Sergiy Lesyk

Agroxy is an e-commerce and agriculture startup that was founded five years ago and currently operates from the capital of Ukraine. The company provides a marketplace where users can engage in spot trading for a variety of different agricultural goods and commodities. This helps farmers to get more exposure for their products and it allows customers to get a better deal on their items.

The company has managed to secure startup funding to improve its service offering. This was achieved through an undisclosed amount of investment that was raised during a Seed Funding Round in 2017.

21. Pharmaxi

Year Founded: 2013

HQ: Kyiv, Ukraine

Size: 11-50

Founder(s): Yurii Lebid

Pharmaxi is a medical and clinical trials startup that was founded in 2013 and currently works from a headquarters in Kyiv. The company is one of the few specialists in this area for the country and they handle the whole process of administering a trial, even down to the paperwork that needs to be completed.

The company has grown significantly since it was founded eight years and despite the fact that it has not yet received startup funding, it is only a matter of time before an investor decides to put their money where their mouth is.

Top Ukrainian Startups To Watch...
Asaf Fybish

Asaf Fybish is a growth marketing professional. He likes all things organic, especially when it comes to growth. He's our Chief of Stash at StartupStash

🚀 Stay ahead of the game

Subscribe to our weekly stash newsletter to receive the best resources, products and discounts!