News

Ukrainian Investor Launches Startup to Help Hire Migrant Workers in Canada

Ukrainian investor and IT entrepreneur Oleksii Vitchenko, together with Andrii Malienkov, have launched a new startup called WorkUgo. This platform designed to help employers in developed countries find qualified workers...

Firefly Aerospace Acquires US Defense Tech Company SciTec for $855 Million

Firefly Aerospace has announced its first merger and acquisition deal since going public — the $855 million purchase of US defense contractor SciTec. The transaction, expected to close by the...

HIMERA Fulfills State Order from the Ministry of Defense of a NATO Member State

HIMERA, a Ukrainian manufacturer of electronic warfare-resistant communications equipment, has announced the successful completion of a state order for a European NATO member country. The customer was the country’s Ministry...

Fintech-IT Group Becomes Ukraine’s First Fintech Unicorn After UMAEF Investment

Fintech-IT Group, the developer behind monobank, has become a unicorn, reaching a valuation of over $1 billion after attracting investments from the Ukraine-Moldova American Enterprise Fund (UMAEF) and a consortium...

DeepL Prepares $5B IPO, Early Investors Include Ukraine’s TA Ventures

German translation service DeepL, a major competitor to Google Translate, is preparing for a US IPO, according to Bloomberg. The IPO is planned for early next year, with DeepL’s valuation...

Three Ukrainian DeepTech Startups Share €30,000 in Grants

At Deep Tech Pitch Night in Lviv, organized by EU4Innovation East and EIT Community Hub Ukraine on the eve of IT Arena, three Ukrainian startups were awarded grants totaling €30,000:...

Vyriy Bets Big on Ukraine’s Defense Tech, Targeting $4M in Q4 Acquisitions

Ukrainian UAV manufacturer Vyriy plans to invest more than $4 million in other defense tech companies in the fourth quarter of 2025. The investment will cover not only share purchases...

Three Military Innovations Receive $22,000 in Grants at Lviv Showcase

On September 25, a closed-door event called the Combat-Driven Innovation Showcase took place in Lviv, where the Ukrainian military presented innovative solutions developed and tested on the battlefield. Out of...

Ford Sinclair and Relevant Software Launched Digital Awards Platform

Ford Sinclair, a family-owned company based in Essex and the organizer of the AIM Awards, PLC Awards, UK Tech Awards, European Mediscience Awards, and Private Business Awards, has replaced its...

Ukraine’s IT Exports Hit $540M in August

Ukraine’s IT services exports totaled $540 million in August 2025, according to data from the National Bank of Ukraine (NBU) cited by the Lviv IT Cluster. The figure represents a...

Flyer One Ventures Raises Half of Its New €50M Fund

Ukrainian venture capital firm Flyer One Ventures (F1V) announced the launch of a new €50 million fund in early July. At the time, the firm revealed that it had already...

Conversational Commerce: How AI is Rewriting the Rules of Online Shopping

ChatGPT is still far less popular than Google Search, but it’s already changing the rules of the game, including in e-commerce. A growing share of shoppers goes straight to AI...

11 Startups Secure Over $2.8M at IT Arena 2025

On September 27, during the IT Arena 2025 conference in Lviv, it was announced that 11 startups raised about $3 million in investments. Most of the backed companies are in...

Indeema’s Use of IoT in Drones: From Theory to Practice

Not all drones are built smart. Many operate as isolated devices — flying, capturing footage, or performing simple tasks with no real-time communication or data processing. But as drone technology...

Ukraine Phoenix Tech Fund Launches With €50M to Back Early-Stage Startups

On September 27 in Lviv, the launch of the Ukraine Phoenix Tech Fund (UPTF) was announced — an early-stage venture fund with €50 million in capital. The Scroll.media editor attended...

USF Launches €1M Grant Program – Startup EDGE

The Ukrainian Startup Fund has launched a new grant program, Startup EDGE, targeted at early-stage startups, with a total budget of €1 million. The initiative was announced at IT Arena...

NBU Bans Trustee from Providing Financial Services in Ukraine

On September 9, the National Bank of Ukraine (NBU) issued a decision regarding Trustee Global UAB’s operations in Ukraine. The regulator concluded that, through its Trustee Plus app, the foreign...

Toloka Syndicate: $20M in Deals, 18 Investments, and a Bet on Scale AI

The Toloka syndicate team has closed over $20 million in deals in just two years. In 2025, they also became part of a major success story: Meta invested in Scale...

Ukrainian Valley Launches in Silicon Valley, Uniting Global Talent

A new community called Ukrainian Valley has officially launched in Silicon Valley, aiming to bring together Ukrainians across the US and worldwide. One of the project’s initiators, Network VC founder...

MITS Capital Launches MITS Industries to Drive Defense-Tech Growth

Ukrainian-American investment group MITS Capital has announced the launch of MITS Industries, a new Danish-incorporated company aimed at transforming Ukraine’s defense technology market and strengthening European security. According to a...