About 30% of Ukrainian startups in 2025 report serious issues with access to investment and funding, according to the results of the new study Ukrainian Startup Ecosystem 2025. The survey included 107 representatives from Ukraine’s startup community.
This is reported by Finway
Main Challenges for Ukrainian Startups
The lack of funding or investment capital has become a key barrier to the development of companies: this issue was highlighted by 30.04% of respondents. Another significant challenge is international expansion – 20.16% of respondents acknowledge difficulties in entering global markets and scaling abroad.
The shortage of qualified personnel ranks third among the problems mentioned by 15.64% of survey participants. The impact of the political situation and the war in Ukraine was noted by 14.4% of startups. Additionally, 8.23% pointed to a lack of support from local authorities or regulatory challenges.
Additional Barriers and Funding Search
Among the less common issues, Ukrainian startups cited a lack of mentors (4.12%), technological or infrastructural difficulties (3.29%), and disruptions in supply chains (2.06%).
Throughout the year, the majority of teams (78.5%) actively sought funding. Of these, 39.25% were able to attract investments, while the same percentage was unsuccessful in finding investors. Another 21.5% did not attempt to raise funds at all.
“Despite financial difficulties, 69.16% believe that the situation this year has been overall better than last year, while only 3.74% rated the changes negatively.”
However, despite the challenges, most startups are optimistic about the development dynamics of the ecosystem in 2025.