Ukrainian startup Wild.Codes won the YEP accelerator program, receiving an investment of $25,000. The company plans to use the funds to develop in the American market and improve its marketplace for AI developers .
Wild.Codes success
Accelerator win
AI developer marketplace Wild.Codes has achieved significant success by winning the YEP Accelerator Demo Day. As ELBUZ reported, the startup received $25,000 in non-equity investment from YEP Accelerator and UMAEF's u.ventures.
Future plans
Serhii Lavrinchuk, co-founder and CEO of Wild.Codes, spoke about the company's intentions regarding the use of the funds received. The main focus will be on hypothesis testing, strengthening marketing efforts and attracting a new customer base in the US market.
Acceleration achievements
During the three-month acceleration, Wild.Codes actively collaborated with mentors, focusing on customer validation, marketing strategy development, sales funnel optimization, and unit economics analysis. The result was fruitful acquaintances with more than 40 venture funds from Ukraine, Europe and the USA, holding 15 individual meetings with potential investors and forming an effective fundraising strategy.
Jury and assessment
The winner of the Demo Day was determined by an authoritative jury, which included representatives of nine investment funds, including Ukraine-Moldova American Enterprise Fund, SMOK Ventures, ZAS Ventures, SID Venture Partners, Angel One Fund, Vesna Capital, Geek Ventures, SMRK Ventures and Flyer One Ventures.
The future of the acceleration program
The organizers of the accelerator plan to open recruitment for a new cohort of startups already in September. YEP has ambitious plans to increase investment checks and attract more foreign mentors and investors to support Ukrainian startups.
Anton Vashchuk, head of the innovation, education and entrepreneurship program at the Ukraine-Moldova American Enterprise Fund, noted that startups at the pre-seed stage with an experienced team and promising traction will have the opportunity to receive investment
Achievements of graduates
According to accelerator data, graduates of previous cohorts were able to attract more than $2 million in investments, and over the last year in total generated a pipeline exceeding $1.5 million in ARR.
About Wild.Codes
Wild.Codes is an innovative marketplace that connects proven remote AI developers with tech startups looking to effectively scale their teams. The company was founded in 2015 as an IT outsourcing firm and went through a relaunch process in 2022, changing its focus and business model.
Glossary
- Wild.Codes - Ukrainian startup, marketplace for AI developers
- YEP Accelerator - accelerator for Ukrainian startups
- UMAEF - Ukraine-Moldova American Enterprise Fund, investment fund
- AI - artificial intelligence
- ARR - Annual Recurring Revenue
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What are the requirements for startups to participate in the YEP program?
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Discussion of the topic – Wild.Codes: YEP win and $25,000 investment for AI marketplace
Ukrainian startup Wild.Codes, a marketplace for AI developers, won the YEP Accelerator Demo Day and received $25,000 in investment from YEP and UMAEF's u.ventures. The company plans to use the funds for hypothesis testing, marketing and attracting new customers.
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Oleksiy
Wow, Wild.Codes is really cool! 🚀 A marketplace for AI developers is what is needed right now. I wonder how they plan to compete with other freelance platforms?
Maria
I agree, Oleksiy! I was impressed that they were able to attract $25,000 of non-equity investment. This shows that investors really believe in their idea. I wonder how they will use these funds to develop in the American market? 🤔
Pierre
Maria, I think the focus on AI developers is their main strength. This is a very hot niche right now. But I'm wondering how they check developer qualifications? This is a key point for the success of such a platform.
Sophie
Did you guys notice that they started as an IT outsourcing company and then relaunched? 🔄 This shows their ability to adapt to the market. Pierre, I agree that background checks are important. Maybe they use some AI algorithms for this?
Hans
Oh, those startups and their stupid ideas again. 🙄 Why do you need another marketplace at all? There are already a lot of similar sites. And these investors... are throwing money down the drain. It would be better to do something useful.
Oleksiy
Hans, I understand your skepticism, but innovation moves the world forward! 💡 Sophie noticed an important thing about the adaptability of the team. This is a very valuable quality in modern business. As for background checks, maybe they use a combination of AI and human expertise?
Maria
I was also impressed by the number of foundations involved in selecting the winner. 9 funds are serious! 😮 Oleksiy, your idea of a combination of AI and human expertise sounds very smart. Wondering how Wild.Codes plans to scale next?
Pierre
I agree with everyone! Maria, regarding scaling - maybe they plan to expand their developer base or add new technologies besides AI? 🌐 And I was also interested that YEP wants to increase investment checks. This can really help Ukrainian startups to reach the global level!