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10 Biggest Funding Rounds in Ukraine (H1 2025): A Surge in Innovation Despite the War

10 Biggest Funding Rounds in Ukraine (H1 2025): A Surge in Innovation Despite the War, TheRecursive.com
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Despite the ongoing war, Ukraine ranks 42nd in the Global Startup Ecosystem Index in 2025, up from 46th in 2024, marking the fastest growth among ecosystems ranked 41-50.

Below, you’ll find the top 10 largest funding rounds in H1 2025 for companies that are founded in, based in, or have a Ukrainian founder at the helm. You can explore the rest of the Central and Eastern Europe H1 2025 mappings here.

This article is part of the CEE funding mapping series, done with the support of the Dealigence platform. Please feel free to contact us if we missed something: [email protected]. / If the deal’s original currency wasn’t the euro, we convert it to the ratio listed on the publishing day.

Wordsmith AI

(Ukrainian co-founder, U.K.-based)

About: Provides AI-powered solutions for in-house legal teams to enhance interactions, streamline legal workflows, facilitate knowledge discovery, and manage risks effectively.

Founders: Volodymyr Giginyak, Ross McNairn, Robbie Falkenthal 

Vertical: Legal Tech

Latest round: $25 (€21.6) million

Stage: Series A

Investors: Index Ventures, Felix Capital, General Catalyst, s16vc, Yellow

Total funding: €25.92 million 

 

Liki24

About: An online marketplace connects customers with a variety of health, wellness, and beauty products from reputable providers across Europe. It incorporates a larger ecosystem that includes pharmacies, logistics, and healthcare services, aiming to enhance accessibility and affordability for users.

Founders: Anton Avrynskyi, Dmytro Liatambur, Serhii Fadieiev, Sergii Kliebanov, and Volodymyr Zubenko

Vertical: HealthTech/ eCommerce

Latest round: $9 (€7.78) million 

Stage: Seed 

Investors: ICLUB VC, TA Ventures, Horizon Capital, ICLUB VC, Sid Venture Partners, Horizon Capital, Flyer One Ventures, u.ventures, MA7 Ventures, N1 Ventures, Dnipro VC

Total funding: €16.41 million 

 

Mathema.me

About: An online math school for K-12 that connects vetted math tutors with students in need of assistance.

Founders: Vitaliy Shkil

Vertical: EdTech

Latest round: $5 (€4.32) million 

Stage: Series A

Investors: N/A

Total funding: €4.41 million

Read more:  CEE Regional Investment Grew Almost 2X Faster Than the European Total

 

Fuelfinance

(Ukrainian founder, U.S.-based)

About: Provides an all-in-one financial solution for growing SMEs, offering a dashboard for KPI monitoring and access to a dedicated CFO to assist with decision-making.

Founders: Alyona Mysko

Vertical: FinTech

Latest round: $5 (€4.32) million 

Stage: Series A

Investors: Campus, BADideas.fund, StratMinds VC, StratMinds VC

Total funding: €5.27 million

 

Haiqu

(Ukrainian co-founder, U.S.-based)

About: Develops a quantum software application execution stack for near-term quantum computers, focusing on data loading, computational fluid dynamics, deep simulation, and noise-resilient quantum machine learning.

Founders: Mykola Maksymenko, Richard Givhan

Vertical: Quantum Software

Latest round: $5 (€4.32) million 

Stage: Series A

Investors: MaC Venture Capital, Creative Destruction Lab, Roosh Ventures, Sid Venture Partners, Soma Capital, Toyota Ventures, U.ventures

Total funding: €7.86 million

 

IntelliBoard

About: A learning analytics platform designed to enhance organizational learning outcomes by analyzing data from various educational sources and providing data-driven insights for decision-makers to optimize learning experiences. Integration with multiple learning platforms and predictive modeling supports retention, engagement, and compliance goals.

Founders: Anatoliy Kochnev

Vertical: EdTech

Latest round: $3.5 (€3.02) million

Stage: Series A

Investors: Advantage Capital, Connecticut Innovations, Flashpoint Venture Capital, LETA Capital, Smarthub

Total funding: €6.83 million

 

Deus Robotics

About: Develops advanced AI-powered automation solutions for warehouses, specializing in robotics technology to address labor shortages and increase productivity.

Founders: Iryna Lehkobyt, Pavlo Pikulin

Vertical: Logistics Tech

Latest round: $3 (€2.59) million

Stage: Seed

Investors: U.ventures, 1991 Ventures, SD Capital, Sid Venture Partners, Sigma Software Labs, SMRK VC

Total funding: €8.21 million

 

CROWN Procurement

(Ukrainian founder, Paris-based)

About: Facilitates eAuctions for procurement teams to help buyers achieve savings while providing a fair competition environment for suppliers. Enables users to realize additional savings, enhancing procurement strategies.

Founders: Mykyta Voytenko

Vertical: Procurement Tech

Latest round: $2.1 (€1.81) million

Stage: Seed

Investors: HEARTFELT_, another.vc, Apok Invest, BackBone Ventures, Kima Ventures, Prequel Ventures, ZAS Ventures

Read more:  The Second Life of Tires: Polish Contec Secures €15M to Fuel the CEE Clean Tech Industry

Total funding: €1.81 million

 

Teletactica

About: Focuses on developing advanced communication systems for defense and dual-use applications, providing jamming-resistant modems and antennas to ensure secure connectivity for UAVs and unmanned platforms in challenging environments.

Founders: Yevhen Zhebko, Anton Hetman

Vertical: Defense Tech

Latest round: $1.5 (€1.3) million

Stage: Seed

Investors: MITS Capital, Green Flag Ventures

Total funding: €1.64 million

 

Pleso Therapy

About: Utilizing advanced allocation algorithms and a focus on customer experience, mental health services are provided to both individuals and corporate clients aiming to enhance employee productivity.

Founders: Oleksandr Bondariev, Anna Lissova, Oleksii Yakubenko, and Vitalii Marchenko

Vertical: Mental health

Latest round: $1.2 (€1.04) million

Stage: Seed

Investors: TA Ventures, United Angels Network

Total funding: €1.21 million

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https://therecursive.com/author/teodoraatanasova/

Teodora Atanasova is a News Editor at The Recursive. She covers everything around funding rounds, exits, startups expanding to international markets, big tech opening R&D in CEE, meaningful for the ecosystem partnerships.