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Ukrainian IT companies attracted $ 571 mln investments in 2020


In 2020, investments in Ukrainian IT sector increased by $ 27 million compared to 2019, up to $ 571 million, according to the annual study of investments in the Ukrainian IT sector DealBook of Ukraine: 2021 from the investment fund AVentures Capital.


About 62% of the total amount was attracted by four global companies with Ukrainian roots: GitLab, Creatio, Restream and airSlate. Among them, GitLab became the first multi-billion dollar company established in Ukraine. It was estimated at $6 billion.

According to the study, 2020 was a record year for financing at an early stage – in seed and A-rounds, it was possible to attract $161 million, most of which from international investors, and this is 3.5 times more than in 2019.

The fastest growing startup in 2020 was Reface.ai application, which lets one swap faces in videos. Since its launch in January, the application has been downloaded 70 million times.

The rating of companies with the highest international income includes Jooble, Genesis, Grammarly, airSlate, Creatio and others.