Google has summed up the results of the second Google for Startups Ukraine Support Fund: in 2024–2025, the company provided Ukrainian startups with $10 million, and taking into account the first wave in 2022 — a total of $15 million for 156 startups. Thanks to this, these companies were able to raise more than $60 million in follow-on funding, increase their revenues by about 100% and create over 500 new jobs.
Two waves of support
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March 2022 — the first fund: 58 startups, $5 million in direct funding to help them survive the first months of the full-scale invasion.
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2024–2025 — the second fund: Google doubled its commitment and allocated $10 million. Out of 1,700+ applications, the team held 300+ interviews and selected 98 startups into four cohorts.
Each selected startup received:
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up to $100,000 in equity-free funding;
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up to $350,000 in Google Cloud credits;
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mentoring from Google experts and access to the global Google for Startups community.
What these startups are building
The second fund was much less about “survival” and much more about products that can scale globally. Among the priority areas were:
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security and tech to counter disinformation;
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healthtech;
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demining and postwar recovery tools;
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and, importantly, AI and deep tech.
Several teams have already become standout cases:
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Deus Robotics — moved from pure robotics to an AI platform that makes robots from different manufacturers work as a single fleet, giving logistics operators up to 300% efficiency gains.
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LetsData — a startup that fights disinformation; participation in the program helped it raise $1.6 million and close key customer deals.
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Clearly (mental health) — integrated Google tech and now shows $600,000+ in monthly revenue with 50%+ month-on-month growth.
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Legal Nodes — founders hit Forbes Europe 30 Under 30.
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Haiqu — named among the 11 most promising quantum companies in Europe by Sifted.
In total, participants of the second fund have already raised $19 million in additional investments and hired over 300 people — that’s on top of the broader $60+ million raised by all 156 startups that ever went through Google’s Ukraine programs.
Why it matters
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It’s non-dilutive money. Grants and cloud credits let founders build faster without giving up equity at a weak valuation.
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It pulls startups into global markets. Many teams — like Finmap or Uspacy — reported expansion to new countries right during the program.
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It creates a pipeline for investors. Google effectively acted as a filter: 1,700 applicants → 156 funded → VCs can come to a warm pool of already de-risked teams.
Even in wartime, this shows the Ukrainian tech sector can launch, grow and raise — if it gets access to capital, expertise and infrastructure.
