Venture fund AVentures Capital presented its annual review of the Ukrainian technology investment landscape for 2025. According to its data, last year IT companies attracted $498 million in investments and grant funding. This is 8% more than in 2024, when this amount was $462 million.
Venture fund AVentures Capital presented its annual review of the Ukrainian technology investment landscape for 2025. According to its data, last year IT companies attracted $498 million in investments and grant funding. This is 8% more than in 2024, when this amount was $462 million.
Approximately half of the $498 million was raised in late-stage rounds: Series D and Growth.
“While megadeals like Preply still impacted the headline figures, the remaining funding was more evenly distributed thanks to a strong resurgence in Series A activity,” AVentures Capital noted .
The $191 million in early-stage investments is nearing its historic peak, which the fund believes is solidifying the foundation for larger follow-up rounds in the coming years.
Defense technology has become the fastest-growing technology sector, attracting over $129 million in grants and investments in 2025.
Some of the largest funding rounds in 2025 came through alternative financial structures: Superhuman (ex-Grammarly) raised $1 billion in non-repayable capital, Carmoola received a £300 million (≈$395 million) credit line, and Reface received $18 million in non-repayable funding to attract users.
Fintech-IT Group , the developer of Ukraine's largest neobank Monobank, has raised investment from UMAEF at a valuation of over $1 billion — becoming the first Ukrainian fintech unicorn; it was joined by Preply after a $150 million round led by Westcap at a valuation of $1.2 billion.
In 2025, startups using AI attracted 2.8 times more capital than those without significant AI components — $302 million versus $104 million. The fund believes that this indicates a clear commitment from investors to AI-focused business models.
