In 2024, the number of startups in Ukraine increased to over 2,600, with the majority operating in software and data, marketing and sales, and EdTech sectors.
This is according to the annual IT market research of Ukraine by the IT Ukraine Association — Digital Tiger: the Market Power of Ukrainian IT — 2024.
The study identified the ten Ukrainian startups that attracted the most investments:
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Leading the list is the startup Creatio, which develops no-code solutions for business process automation. In June, it raised $200 million in investments.
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In second place is Fintech Farm, co-founded by Dmitry Dubilet of monobank, which raised $32 million in May.
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The third spot goes to the Anglo-Ukrainian fintech startup Carmoola, which raised over $19 million in January 2024.
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Ukrainian startup NewHomesMate, now known as Jome, ranks fourth. It is a platform for selling new homes in the US. In December 2024, it raised $9.8 million.
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The 5th, 6th, and 7th spots are occupied by three startups that raised $5 million each last year: Esper Bionics, which creates bionic prosthetics; the legal startup OneNotary; and Portal AI, which uses AI agents to process and automate complex business operations.
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In 8th place is Kurs Orbital, a space startup founded by the former head of the Ukrainian Space Agency. In March 2024, it raised $4 million.
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Competera, which develops an intelligent pricing optimization platform, received $3 million in investments in April.
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In 10th place is the FoodTech startup Choice, which received $2.5 million in February last year.
Additionally, the research highlighted five of the most promising startups. These include:
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The language learning app Promova;
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Deus Robotics, working in robotics;
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The AI startup Wantent, which analyzes viewer reactions to video content;
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The defense-tech startup Himera;
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Osavul, which focuses on media analytics based on artificial intelligence.
