UVCA Publishes Overview of Ukrainian Investment Market

The Ukrainian Venture Capital & Private Equity Association (UVCA) published the first overview of Ukrainian investment market displaying current players’ activity, sectors of interest, and portfolio.

The Investors Book identified 34 active investors, which deal with global companies from Ukraine (mostly IT sector). According to the Book, there are 29 funds operating in Ukraine, consisting of:
– 5 incubators and accelerators,
– 1 corporate fund,
– 17 venture capital funds, and
– 6 private equity funds.
Out of the total, 10 funds may participate in rounds A or B, 16 funds are ready to invest in seed startups, 7 funds would invest at the pre-seed stage.
Ukrainian investment funds have 20 portfolio companies on average. Funds are ready to invest from 50k to dozens of millions USD, depending on the fund type and project stage. Thirty-seven percent of the funds may invest from 100k to 1 million USD.

Have a look at the “Book” here

Established in mid-2014 and led by Olga Afanasyeva, CEO, UVCA currently unites 40 members – private equity and venture funds, accelerators, incubators, educational institutions, and non-government organizations that make significant impact on the development of Ukrainian investment market. The association promotes investment opportunities across the country for foreign investment funds, conducts market research, lobbies laws for improving investment and business climate, and implements Invest in Ukraine activities.

Source: finsmes.com

Ukrainian IT industry employs 100,000 people

The Ukrainian IT industry now employs 99,940 people — up from 89,300 last year — according to the latest report of DOU.UA, an authoritative industry resource. The figure includes programmers, QA specialists, project managers and other IT-related professionals.

Almost half of these professionals live in Kyiv (Kiev). Others are inhabitants of such other major Ukrainian cities as Kharkiv (Kharkov), Lviv (Lvov), Dnipro (previoulsy known as Dnipropetrovsk), and Odessa.

With its Ukrainian offices in Kyiv, Dnipro, Lviv, Kharkiv and Vinnytsia, US-headquartered EPAM is the biggest employer in the industry. Among other industry leaders are such companies as SoftServe, Luxoft, GlobalLogic and Ciklum, if judging by the number of employees, says the report.

With monthly salaries reaching or exceeding $3,000 for certain specialties, remunerations in the Ukrainian IT sector are high or very high by local standards.

Women are becoming more interested in the field. This year the share of female specialists now reaches 15%, up two percentage points from last year.

Ukrainians have shown growing hunger for IT education, according to the study. In 2015, almost 30,000 Ukrainians attended IT courses.

Among the organizations supporting the educational effort is the BrainBasket Foundation, a Ukrainian NGO. Earlier this year George Soros offered his personal support to BrainBasket’s Technology Nation program through the International Renaissance Foundation.

Ukraine’s IT work force could double to some 200,000 by 2020, according to a recent report on the Ukrainian IT outsourcing and software devemopment by Ukraine Digital News and AVentures Capital.

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