Ukrainian Startup Fund

USF originally set up to promote the development of the local startup ecosystem and today is the largest local angel investor with already 130 funded startups and the most extensive startups database and stakeholders (over 3,000 applications).

Pavlo Kartashov

Director

Past deals in Eastern Europe

Kateryna

Grant in 2025
A Ukrainian firm called KATERYNA offers mobile response teams all throughout Ukraine on-demand access.

ALLBIONICS

Seed Round in 2024
Allbionics is on a mission to make bionic arms cool, functional, and—most importantly—affordable. Based in Ukraine, we design, manufacture, and service our prostheses right here at home, keeping costs down without cutting corners. Our arms aren’t just high-tech gadgets; they’re life-changing tools that help people get back to doing what they love—whether it’s shaking hands, holding a coffee, or throwing an impressive high-five. We focus on smart, user-friendly tech like myoelectric control, durable materials, and ergonomic design, because, let’s be honest, no one wants a prosthetic that’s clunky or breaks after a week. We're not here to make overpriced, futuristic movie props—we're here to build real solutions for real people.

Sorbiforce

Grant in 2022
SorbiForce is a US startup that has evolved from the Ukrainian scientific and technology company Sorbsys. It specializes in the development of sustainable batteries made from renewable raw materials such as carbon, salt, magnesium, and sulfur. These non-metallic batteries are designed to be safe, cost-effective, and environmentally friendly, with zero toxic materials and a significantly reduced environmental footprint compared to traditional lithium-ion batteries. SorbiForce aims to facilitate a global transition to clean energy technologies by providing innovative energy storage solutions that promote sustainability and efficiency.

Deputy

Grant in 2021
A digital platform that automates the work of deputies and public reception offices with residents' appeals throughout Ukraine and is an effective tool for collecting, analysing and understanding residents' problems in depth.

A.D.A.M.

Grant in 2021
A.D.A.M. is a 3D bioprinting startup focused on developing a Point-of-Care Medical Device Production System specifically for bone implants. The company aims to create personalized, bio-resorbable implants that can be printed and sterilized in-house, allowing medical professionals to improve operational efficiency and reduce costs. A.D.A.M. has established partnerships with reputable institutions such as Mount Sinai, Yale School of Medicine, and the Ministry of Health in Ukraine to support its market entry. The company’s innovative service model involves installing and maintaining its turnkey system at hospitals for a monthly subscription fee, differentiating it from traditional methods that require costly and time-consuming setups. Currently, A.D.A.M. is addressing the lack of end-to-end solutions for 3D printing in medical facilities, aiming to cut costs by over 50% and enhance revenue opportunities for hospitals. The company's long-term vision includes expanding its product offerings to encompass a broader range of bioprinted tissues and organs, ultimately facilitating more accessible medical treatments worldwide.

V-Art

Pre Seed Round in 2021
V-Art offers an automated intellectual property (IP) licensing solution aimed at brands, creators, and AI developers seeking to simplify the licensing process, enhance content monetization, and reduce legal risks. Founded by experienced entrepreneurs from Ukraine, the company integrates knowledge in IP law, artificial intelligence, and blockchain technology within a business-to-business software-as-a-service framework. V-Art's platform verifies, secures, and tracks IP rights on various blockchains, facilitating new revenue generation from digital assets through blockchain-powered licensing. By streamlining the licensing process, V-Art is contributing to the evolution of the IP licensing industry, which is valued at $280 billion.

ComeBack Mobility

Grant in 2021
ComeBack Mobility specializes in developing innovative devices for patients using crutches during rehabilitation from lower extremity injuries. The company has created smart crutch tips that monitor the load on the injured leg, allowing for better management of recovery. These devices utilize artificial intelligence to gather data, which is then transmitted to a mobile application. This app compares the collected information against medical recommendations, providing valuable feedback to both patients and healthcare providers. By optimizing rehabilitation protocols and enhancing patient compliance, ComeBack Mobility aims to make the recovery process safer and more transparent for individuals with leg injuries. The company is headquartered in Kyiv, Russia.

Impulsar

Pre Seed Round in 2020
Impulsar is a Ukrainian startup that offers smart bracelets for people with epilepsy and autism. They want to create a smart bracelet to alert people with epilepsy about the likelihood of a crisis. The startup has features including the Collection and logging of indicators of heart rate, emotional state, body position in space, analysis of the causes of an epileptic seizure, and identification and notification of the location of the person at the time of the attack. Impulsar device will allow you to adapt and socialize people with epilepsy and thereby reduce their isolation and exclusion from society. The goal of this startup is to creating a smart bracelet to alert people with epilepsy and autism spectrum disorders about the likelihood of a critical condition.

Esper Bionics

Seed Round in 2020
Esper Bionics is a Ukrainian company founded in 2018 that specializes in the development of advanced prosthetics and human enhancement devices. The company focuses on creating bionic limbs and controllers, particularly its flagship product, the Esper Hand, which is a self-learning myoelectric hand prosthesis. Esper Bionics also offers the Esper Control, a wearable brain-computer interface, and the Esper Platform, a cloud-based software solution designed to customize the operation of these devices. By integrating technologies such as digital signal processing, artificial intelligence, and low-power electronics, the company aims to enhance the functionality and adaptability of its products, providing users with improved control and ease in daily activities. Their innovative approach includes features that allow bionic hands to automatically adjust grips, catering to a range of user needs.

LookSize

Seed Round in 2020
We have created an online Clothing Fit and Size Solution that helps fashion shoppers filter the correct size with a single click while shopping online. We achieve this by using the MY SIZE button that automatically filters the products that fit the buyer perfectly. Once the clothing was preselected with the My Size button, we use the visual avatar to see the exact fit of the garment. TOP 50 Ukrainian startups according to the rating of MC Today/ Ukrainian startup fund winner.

Kray Technologies

Seed Round in 2020
Kray Technologies is a manufacturer of aerial drones specifically designed for crop protection, catering primarily to mid-size farmers. Established in 2015 and based in Kyiv, Ukraine, the company offers the Kray Protection UAS, a next-generation drone solution that effectively replaces traditional agricultural planes and ground sprayers. These drones significantly reduce the costs associated with crop protection applications and minimize the use of pesticides, while also preventing yield losses by enabling whole field processing without causing soil compaction. By requiring less fuel, maintenance, and manpower than conventional methods, Kray Technologies' drones enhance crop protection and boost overall productivity for farmers.

Bicovery

Pre Seed Round in 2020
Bicovery is a Med-tech company based in Russia that specializes in monitoring the mental and physical states of individuals diagnosed with bipolar disorder through a machine learning-powered solution. The company provides a comprehensive ecosystem comprising web and mobile applications that not only track real-time data about a patient's physical activity, social behavior, and cognitive state but also forecasts potential manic or depressive episodes. By doing so, Bicovery enables caregivers and healthcare professionals to receive timely alerts about impending crises, enhancing the management of the condition. Additionally, the platform aids in assessing the efficacy of treatments and helps to reduce healthcare costs while improving the quality of life for both patients and their families.

Mate Academy

Seed Round in 2020
Mate Academy, founded in 2015 and based in Kyiv, Ukraine, is an educational technology startup that provides free coding education to individuals worldwide. The platform offers online, real-time training in various programming languages, delivered by experienced instructors. Students can access quality educational content at no cost and only pay for the service once they secure employment, making it an accessible option for aspiring programmers. This model allows learners to focus on their training without financial concerns, ultimately helping them build successful careers in technology.

SolarGaps

Seed Round in 2020
SolarGaps, based in Kyiv, Ukraine, specializes in the development of smart solar blinds that integrate photovoltaic panels to generate electricity. These innovative blinds automatically track the sun, allowing users to harness solar energy to power electrical devices in homes or offices. They can also store energy for later use, serving as an emergency power supply. By utilizing SolarGaps, users can significantly reduce their electricity bills while maintaining a comfortable indoor environment. Additionally, the system includes a smartphone app that enables remote monitoring and control, providing convenience and efficiency in energy management.

ComeBack Mobility

Pre Seed Round in 2020
ComeBack Mobility specializes in developing innovative devices for patients using crutches during rehabilitation from lower extremity injuries. The company has created smart crutch tips that monitor the load on the injured leg, allowing for better management of recovery. These devices utilize artificial intelligence to gather data, which is then transmitted to a mobile application. This app compares the collected information against medical recommendations, providing valuable feedback to both patients and healthcare providers. By optimizing rehabilitation protocols and enhancing patient compliance, ComeBack Mobility aims to make the recovery process safer and more transparent for individuals with leg injuries. The company is headquartered in Kyiv, Russia.
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