INVEST IN UKRAINE

by Kate Kirchu
 • THE FOURTH PLACE
In Eastern Europe by the number of
outsourced developers.
AI Globally in tech skills proficiency by
Courseras’s second edition of the Global
Skills Index

Ukraine is a blooming tech talent pool. We power global tech engines.

It’s BRAINing here.
Why should you invest in UKRAINE?

01 02 03
Presence of government pre-seed
Developed industrial
financing (Ukrainian Startup Developed investor pool (45)
infrastructure
Fund, $18M)

04 05 06

Invest-nannies as a government Government initiatives for Growing number of startups,

supported project improved rights protection booming ecosystem
The case of Grammarly – an online grammar
checker
Grammarly is a service that tracks
grammatical and stylistic errors in real-time
and tells users how to avoid repeating errors
in the future. The algorithm highlights
potential problems in the text and offers
corrections with explanations.
Grammarly was started by Oleksiy
Shevchenko, Maksym Lytvyn, and Dmytro
Lider. It all started with the idea of ​
developing an online service that would
check the works and essays of students for
plagiarism.
Today, the company’s CEO – Brad Hoover
– is focused on product, strategy, team
building, and culture.
In their first-ever round, Grammarly attracted $110 million in investments from General
Catalyst, IVP, and Spark Capital, with 10 million users in 2017.
Grammarly became the first Ukrainian startup based in Kyiv to raise hundreds of millions
of dollars in the public round. In the same year, mobile keyboards for iOS and Android were
introduced.
In 2019, the company announced the closure of the second round of financing, receiving $
90 million from General Catalyst and reaching the status of the first Ukrainian “Unicorn.”
Dmytro Lider said at the time that “since the first round of investment, Grammarly has
tripled the number of users – today it is more than 20 million people – and has
significantly expanded the range of recommendations provided by the service.”
 ACHIEVEMENTS

The service has gone beyond grammar correction and helps improve clarity, engagement, and writing
tone. Today, Grammarly works on the basis of artificial intelligence and can analyze complex aspects of
language and communication. The company has about 700 corporate clients, including Cisco, Boeing, Dow
Jones, Dell, Expedia, Salesforce, and leading US universities. Grammarly intends to use the investment to
further improve its technology, and solve language and communication problems. In particular, the company
will continue to work on the tone detector and further product development for business customers.
In 2020, Grammarly became available for Microsoft Word on Mac and Word Online, updated the iPad
app, and launched the Style Guide for business customers. In May, Grammarly announced its first Seed
Round investment in the startup Docugami (Seattle, USA), a program based on artificial intelligence that
shows inconsistencies in digital documents.