Ukrainian online shopping club Hilt.com.ua has bagged equity funding worth USD500,000 from Xevin Investments. The funds will be used to cover marketing expenditure and increase the working capital of the target company. Hilt’s performance has been nothing short of impressive: with sales showing month-on-month increase averaging 50 per cent, the mid-2013 monthly sales figure is [...]

Sperco Ukraine, the Spanish-Ukrainian pharmaceutical company looks to improve its manufacturing and commercial practices due to a capital infusion secured by Dragon Capital‘s European Virgin Fund (EVF). EVF teamed up with Sperco’s Spanish parent company, Ucrafarma in a shared management joint venture, under the legal enitity of Lux Pharma Participations Sa, Luxemburg. The holding company [...]

Augmented Reality is on a roll in Ukraine. Last October Google acquired Viewdle via Motorola Mobility. Earlier this month, A-Reality another AR firm successfully raised USD 70k

There may come a time, quite soon when Ukraine’s default and somewhat adverse label as an “outsourcing country” fades into the past. A-Reality, a Ukrainian IT firm specialized in augmented reality technology aims to change the current recognition of the country. The company has received USD 75000 from an individual investor, Eugenia Dubinskaya of Best Business Group. The seed fund enables [...]

Russia’s first virtual bank gets a boost from Ukrainian buyout firm Horizon Capital as the latter committed USD 40 mln towards Tinkoff Credit Systems Bank (TCS Bank). Majority stakeholder Oleg Tinkov is also joined by Baring Vostok (PE Fund IV), Vostok Nafta and Goldman Sachs in this unique Russian venture designed to tap the local [...]

Dutch development bank FMO and regional PE fund managers Horizon Capital have made an equity stake acquisition in Biofarma, one of the Ukraine’s leading pharmaceutical houses that maintains a dominant position in organic drugs and plasma proteins in European markets. Biofarma is currently the only company in the country to be certified under Good Manufacturing [...]

The European Bank for Reconstruction and Development has recently approved a USD 23 mln loan to leading Ukranian agribusiness commodities operator Agrotrade.

“Best Private Equity Firm in CIS” prizewinner Horizon Capital acquired 20% stake in the Danish-Ukrainian IT outsourcing company, Ciklum. The financial details of the transaction remained undisclosed. Ciklum (www.ciklum.com) Ciklum was founded by a Danish businessman, Torben Majgaard, who first entered the IT sector some 20 years ago as a computer hardware retailer in the CIS.  The company [...]

Java hosting platform Jelastic, based in the Ukraine, has raised a USD 2 mln fund from Almaz Capital and Foresight Ventures. The investment comes at a time when Java hosting is a tedious process involving a long list of compliance requirements. Jelastic’s team launched the beta version last October with the help of an initial [...]

The European Bank for Reconstruction and Development (EBRD) is making its foray into the wind power market in Ukraine with a joint EUR 13.3 mln financing of Eco-Optima, a Ukraine-Italy joint venture undertaking. The two loans comprising the financing of the wind farm in Western Ukraine, in the Staryy Sambir region, are a 10-year EUR 9.5 [...]

Ukrainian venture capital firm TA Venture has co-invested in Tailored, a US-based personalized online bridal wear shopping platform. Other investors in the startup include Jose Martin and Fabrice Grinda.   TA Venture (www.taventure.com) TA Venture is an early-stage web technology focused venture capital firm that focuses on startups in Ukraine, Russia, CIS countries, Europe and [...]

Icon Private Equity has surrendered its share in Ukrainian agriculture company Agrika to Sintal Agriculture in exchange for a 6 percent equity in Sintal.

Ukrainian construction materials company Kerameya Ltd. has been sanctioned a USD 10 mln loan from the European Bank for Reconstruction and Development (EBRD). Existing investors – Emerging Europe Growth Fund, Western NIS Enterprise Fund and the Entrepreneurial Development Bank of the Netherlands (FMO) – jointly own the company along with its core management team. The [...]

Ukrainian meat processing company Globino Group will receive a USD 25 million loan from EBRD to increase its production capacity, encourage exports, construct a biogas complex, and restructure their finances. EBRD is the largest investor in the Ukraine. Currently over USD 9 billion has been invested into this area through 276 different projects. This is [...]

EBRD has acquired a minority stake in Khask Group, a Ukrainian packaging manufacturer. The USD 6 million investment will enhance the company’s ability to bring in additional modern equipment and foster expansion. The investment will also be used to help the group maintain its position as the leading producer of adhesive tape in the CIS [...]

Yandex, through the Yandex.Factory initiative has invested into Refine.io. Refine.io is a mobile application creation service which is based in California, with software development in the Ukraine. Yandex is the largest search engine company in Russia, which recently completed a USD 1.4 billion IPO on the NASDAQ. The investment Yandex made into Refine.io is thought [...]

Yandex, the leading Russian search engine, through its Yandex.Factory program, has opted to invest in Zenmoney.ru, an online personal accounting site. Yandex has begun investing seed money into Internet and Mobile start-ups beginning in 2011. Investments range around a hundred to several hundred thousand per company. Zenmoney will be required to use Yandex.API for further [...]

Rusnano, the Russian nanotechnology investment firm, has agreed to provide USD 15 million of the USD 22 million investment round in SiTime Corporation. Money from the investment round will be used to establish a new facility in Russia which will focus on designing a new generation of MEMS oscillators. SiTime is also funded by New [...]

Pixonic, a Russian social game publisher, has raised USD 5 million in a round of funding with a valuation of USD 10 million. Investors include Ukrainian based TA Ventures, Kite Ventures and Ventech. Ventech has stated that they invested USD 2.5 million of the USD 5 million. Pixonic (www.pixonic.ru) Founded in 2009, Moscow based Pixonic [...]

Travelmenu.ru has raised $1.6 million U.S. dollars to expand their company through investments from Almaz Capital Russia I Fund and Runa Capital. This is the first time the company has received any outside funding. Travelmenu.ru (www.travelmenu.ru) Travelmenu.ru was first launched in 2005. The company began as a b2b site, acting as a travel agency, and [...]