More than 80 Ukrainian Web3 startups raise $1bn over the past four years

More than 80 Ukrainian Web3 startups raise $1bn over the past four years

While Ukraine ranks third worldwide in the 2022 Global Crypto Adoption Index, Web3 startups with roots in this country have raised nearly $1bn in investments over the past four years / bne IntelliNews

By East West Digital News in Kyiv November 24, 2022

While Ukraine ranks third worldwide in the 2022 Global Crypto Adoption Index, Web3 startups with roots in this country have raised nearly $1bn in investments over the past four years, East West Digital News reports.

This and other interesting facts and numbers are contained in a report just published by Hypra, a Lisbon-based Web3 fund with a Ukrainian team.

According to this report:

More than 80 Ukrainian or Ukrainian-founded Web3 startups were launched over the past four years;

10 Ukrainian funds invest in blockchain projects and crypto (including TA Ventures, Roosh Ventures, SID Fund, ZBS Capital and Hypra itself);

Some 50 Ukrainian blockchain development companies serve clients worldwide.

Hypra also shares a map of the Ukrainian blockchain ecosystem, and lists the top 15 Web3 companies with Ukrainian roots by valuation.

$25mn in smart money for Web3 startups

Launched in March 2022, Hypra claims to have already raised over $25mn.

The fund’s team aims to help Web3 entrepreneurs “efficiently set up operational processes, create dream teams” and “build massive future businesses.”

Hypra’s support also may involve “ready-to-work [in-house] blockchain development teams”

In July 2022, Hypra invested $500,000 in EvaCodes, a blockchain development service company based in Kyiv.

#tech #bneTech #Ukraine

Read in IntelliNews Pro

Get IntelliNews Pro

Related Content

Open-source code software: no easy solution for Russian companies

Alibaba's Trendyol opens regional logistics hub in Romania

Bulgaria’s INSAIT launches three new AI models

Open-source code software: no easy solution for Russian companies

Alibaba's Trendyol opens regional logistics hub in Romania

Bulgaria’s INSAIT launches three new AI models

Tech

Open-source code software: no easy solution for Russian companies

According to a recent study conducted by the Russian research group B1, 83% of companies in the country are either already using or planning to implement open-source solutions.

Alibaba's Trendyol opens regional logistics hub in Romania

Trendyol entered the Romanian market earlier this year to strengthen its position in Southeast Europe’s burgeoning e-commerce market.

Bulgaria’s INSAIT launches three new AI models

Institute develops new Bulgarian-language AI models it says deliver "unprecedented performance".

Top Uzbek e-commerce and fintech player Uzum posts $100mn in 9M24 net income

Express delivery service now significant revenue stream. Users represent third of Uzbekistan’s population.

Bitcoin mining in Georgia's Svaneti risks leaving households without power this winter

The mountainous Svaneti region has become a cryptocurrency haven in recent years after the Georgian government slashed electricity prices for highland areas.

Open-source code software: no easy solution for Russian companies

Alibaba's Trendyol opens regional logistics hub in Romania

Bulgaria’s INSAIT launches three new AI models

Top Uzbek e-commerce and fintech player Uzum posts $100mn in 9M24 net income

Bitcoin mining in Georgia's Svaneti risks leaving households without power this winter

Dismiss

Chat with usLiveChat