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'Kyiv could be Silicon Valley' — New 50-million-euro startup fund will develop Ukraine’s tech-ecosystem

If most investors have opted to watch Ukraine from a distance during Russia’s ongoing invasion, Charles Whitehead and Dominique Piotet are undeterred, launching a 50 million euro venture capital fund to boost local talent and help put Ukrainian startups on the global map. The two veterans of Ukraine’s start-up and tech scene inaugurated the Ukraine Phoenix Tech Fund (UPTF) on Sept. 29 — a project that's been in the works since 2019 and the first…

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The Kyiv Independent broke the news in Kyiv, Ukraine on Tuesday, October 14, 2025.
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