Significant Investments in Ukrainian Startups

by Roman Cheplyk
Tuesday, December 7, 2021
2 MIN
Significant Investments in Ukrainian Startups

A startup from Ukrainian developers called “Pibox” took place at “Techstars Toronto” and received about $400.000

What does Pibox do?

Pibox is a media service for teamwork. The project was created by the brothers from Ukraine in 2017. With the help of this service, users can download media files and add participants to the project. In the project, you can create links and edit these files.

A similar solution has been helpful for teams that are constantly working with creativity or creators who give their work to clients.

The platform replaces several tools at once, for example, Telegram, Gmail, Slack, Dropbox, which helps to systematize discussions of edits, and thus saves time for experts. Pibox already has Universal Music, Sony Music, Epidemic Sound, and the National Gallery of Art. And Michigan University of Technology faculty members use Pibox to communicate and provide feedback to their students.

What will the investment be directed to?

Pibox will direct the investment to team expansion and product development, including its mobile version. The project will also add analytical tools for teams to track performance. In the future, Pibox will integrate with other popular services, such as media editors.

In addition to financial support as part of the acceleration in Techstars Toronto, Pibox will receive support from mentors Google, Amazon, Sony, Peloton. Techstars also has a wide range of large investors, potential customers, and access to the global Techstars network.

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