Sergey Tokarev About How To Financially Support Ukrainian Startups

Financeby Abdul Aziz Mondal04 May 2023

Sergey Tokarev about how to financially support-min

Sergey Tokarev stated that the Ukrainian IT sector needs additional support in all aspects. Therefore, many technology companies and international venture funds have responded and are now actively cooperating to support Ukrainian specialists in the technical industry. Sergey Tokarev, the founder of Roosh, is one of the organizers of the Ukrainian Tech Circle and spoke about the assistance opportunities available to startups from Ukraine.

Who Is Sergey Tokarev?

Before talking about what Sergey has said about the ways in which you can financially support Ukraine, it is important that you are able to learn a little about who he is and what he does. So without further ado, let us get started!

Sergey is a popular serial tech business person and global financial investor. He is a founding partner at Roosh and Pawa, a Ukrainian ML venture studio. By generating opportunities and generating business ideas, he intends to alter the local IT landscape. He was motivated by this objective to start an educational project for young women called “STEM is FEM.”

Since 2000, he has been employed in the IT industry. He contributed to the creation of numerous international projects and strategies at the beginning of the 2000s.

Later, he and his partners began creating outsourcing programs for the gaming, marketing, and financing sectors. Inevitably, these IT experts established a gathering of organizations that were working under a similar brand. 

The gathering was settled in Kyiv and its territorial workplaces were situated in Cyprus, Malta, Latvia, and a few urban communities in Ukraine.

At present, Tokarev has diverted his entire focus and emphasis on investments. He is an investor in Reface, a startup based in Ukraine that is famous all over the world for its Reface app (formerly Doublicat), which lets people swap faces in GIFs and videos.

Aside from that, the financial specialist is engaged with magnanimous undertakings. By supporting orphans and single parents, he contributes to the charitable foundation “I am Future of Ukraine.” Additionally, he supports educational initiatives and contributes to the creation of public space in libraries in Kyiv.

What Is Ukrainian Tech Circle And How Can It Support IT Projects?

Ukrainian Tech Circle is a global network of investors, businessmen, entrepreneurs, and tech professionals who have chosen to help Ukrainian start-ups affected by the Russian invasion of Ukraine. According to Sergey Tokarev, this project helps companies develop their client base and connect additional investments, as well as provides information support from IT professionals.

The project appeared in response to a full-scale invasion of Ukraine, due to which many Ukrainian startups began to receive losses or even stopped their development.

Ukrainian Tech Circle helps Ukrainian IT projects develop their products in several key areas: connecting additional funds, finding clients, and concluding contracts, as well as providing information to achieve success. The initiative is led by Sergey Tokarev, Den Dmitrenko, and Nina Levchuk.

Which Companies Will Support The Ukrainian IT Sector And How It Will Work?

To date, many companies have been created that work with artificial intelligence, including the Ukrainian company Roosh, founded by Sergey Tokarev. Such companies were able to stay afloat, even during the invasion period, and decided to cooperate in order to help develop new IT projects in Ukraine.

Sergey Tokarev shared that the group is also supported by large venture capital companies such as BBQ Capital, Spacecadet Ventures, Samaipata, ff Venture Capital, Caixa Capital Risc, and others.

Absolutely every project in the Ukrainian IT industry can get support from the Ukrainian Tech Circle. To do this, you must apply on the official website of the project.

Applications are also accepted from those who wish to help a technology start-up business. Therefore, every interested investor or IT specialist can take part in the project and provide information support as well as financial resources.

In the first days after the launch of the project, the number of applications exceeded 50 and is only increasing every day.

Among all applications, there are both IT projects in need, as well as investors and trainers who wish to take part in helping Ukrainian startups in various ways.

One of the first companies that responded and applied as a venture capital company was Chamaeleon.

Sergey Tokarev noted that this idea will help hundreds of Ukrainian IT projects, which in the future can become successful and benefit both in Ukraine and show a high level and quality of work around the world.

Bottom Line

In case you were searching about what is Tokarev’s opinion about the ways to financially support Ukrainian setups, I hope that this article has been of help to you. If there are any other queries related to the same, feel free to let me know. All that you need to do is scroll down till you reach the bottom of the page. Then leave your doubts and queries in the comment box below. And I will be there to answer them all for you!

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Abdul Aziz Mondal

Abdul Aziz Mondol is a professional blogger who is having a colossal interest in writing blogs and other jones of calligraphies. In terms of his professional commitments, he loves to share content related to business, finance, technology, and the gaming niche.

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