Countries

Ukrainian startups in 2024: key investments, launches, and expansions highlights

AIN has gathered everything you need to know about developing Ukrainian Startups in 2024.

Silicon Valley defense tech startup Shield AI opens office in Kyiv to train Ukraine's Armed Forces operate the V-BAT UAV systems

At the same time, Shield AI is preparing for a new round of investment that will raise its valuation to $5 billion.

Voima Ventures finalizes Fund III at over €100M to support startups from the Nordics and Baltics

The fund has already begun deploying capital with 8 finalised investments from its first closing in June, including in ÄIO and Aisti.

Nine startups will represent Ukraine at the TechChill 2025 conference

One of the largest technology conferences in the Baltics will take place in Riga on February 5-7.

PFR Ventures support 5 new Polish VC funds, investing a total of €63M

With contributions from private investors, these teams now have over €152 million to finance 150 innovative companies.

Ukrainian company Reface is cutting 35% of its workforce, affecting 60 employees

Starting next year, Reface plans to become profitable and invest more in AI applications.

Ukraine increases production and improves the characteristics of long-range attack drones to strike deep into Russia — Fedorov

Also, according to the head of the Ministry of Digital Affairs, Ukraine may use drone swarms on the frontline for the first time next year.

Finland will build a drone manufacturing plant with the participation of Ukrainian companies

The project's aim is to scale up production capacity for Ukraine's needs and launch drone production in Europe. Mass production is expected in H1 2025.

Poland is getting an ambitious €100M Defense Fund to drive innovation in defense and dual-use technologies

Poland’s defense sector has long lacked a dedicated venture investment framework. Now, the country is preparing to address this gap with the launch of the ambitious €100 million Polish Defence Fund (PDF).

Investing in Times of Uncertainty: VC leaders share insights on supporting startups in Ukraine

AIN shares the key insights of the panel titled “Investing in Times of Uncertainty: Motivation and Recipes for Success," which was held at our annual START conference in Kyiv.