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Top 10 Ukrainian Startups by Investment Volume in 2024

by Roman Cheplyk
Wednesday, March 26, 2025
3 MIN
Top 10 Ukrainian Startups by Investment Volume in 2024

According to the Digital Tiger: the Market Power of Ukrainian IT — 2024 report from the IT Ukraine Association, Ukraine’s startup ecosystem continues to grow, with over 2,600 startups operating in the country as of 2024

While many companies focus on software development, data management, marketing, sales, and educational technologies (EdTech), ten startups in particular stood out by raising the largest investments over the year.


1. Creatio — $200 Million

Sector: No-code business process automation
Highlight: In June, Creatio secured $200M in funding. Their no-code platform helps enterprises rapidly design and automate workflows, becoming one of the most-funded Ukrainian-founded startups.

2. Fintech Farm — $32 Million

Sector: Fintech
Highlight: Co-founded by Dmytro Dubilet (known for monobank), Fintech Farm raised $32M in May. The project focuses on digital banking solutions, partnering with banks in emerging markets to launch modern mobile finance products.

3. Carmoola — $19 Million

Sector: Auto finance
Highlight: An Anglo-Ukrainian fintech startup, Carmoola offers a more straightforward solution for purchasing vehicles. In January, it closed over $19M in investments, fueling its growth in car financing services.

4. NewHomesMate (Jome) — $9.8 Million

Sector: Real estate platform
Highlight: NewHomesMate, recently rebranded to Jome, helps users buy new homes in the United States. It attracted $9.8M in December 2024, reflecting growing demand for streamlined home-buying experiences.

5. Esper Bionics — $5 Million

Sector: MedTech (bionic prostheses)
Highlight: Esper Bionics is pioneering bionic limb solutions. It received $5M to further R&D and scale up the manufacturing of advanced prosthetics.

6. OneNotary — $5 Million

Sector: LegalTech
Highlight: OneNotary provides an online notarization service that streamlines legal paperwork. Also raising $5M, the startup aims to expand its platform globally for remote notarizations.

7. Portal AI — $5 Million

Sector: AI-driven business solutions
Highlight: Portal AI automates complex workflows for enterprises using artificial intelligence. Backed by a $5M investment, the company focuses on boosting operational efficiency and reducing costs.

8. Kurs Orbital — $4 Million

Sector: SpaceTech
Highlight: Co-founded by a former head of the Ukrainian Space Agency, Kurs Orbital secured $4M to develop space technology. The project aims to expand Ukraine’s footprint in satellites and orbital logistics.

9. Competera — $3 Million

Sector: Pricing optimization
Highlight: Competera builds AI-driven solutions to help retailers optimize product prices. In April, the startup raised $3M to refine its machine learning models and expand into new markets.

10. Choice — $2.5 Million

Sector: FoodTech
Highlight: Choice received $2.5M in February, offering a tech platform that enhances food ordering and supply chain management for restaurants and catering businesses.


Five Promising Ukrainian Startups

Besides the top 10, the Digital Tiger report highlights five emerging startups poised for rapid growth:

  1. Promova — Language learning application

  2. Deus Robotics — Robotics solutions

  3. Wantent — AI-based viewer reaction analytics

  4. Himera — Defense technology project

  5. Osavul — AI media analytics platform


Conclusion

Despite geopolitical headwinds, Ukraine’s startup ecosystem is thriving, especially in AI, fintech, MedTech, and software automation. Companies like Creatio, Fintech Farm, and Carmoola led the way in investment volume, while emerging ventures—like Promova and Himera—reflect ongoing innovation in cutting-edge fields. As new challenges arise, Ukraine’s vibrant tech community demonstrates resilience and draws global investor attention, illustrating the market power of Ukrainian IT.

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