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From handing cash to refugees to stopping service in Russia, here's how startups...

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From handing cash to refugees to stopping service in Russia, here's how startups and VC firms are supporting Ukraine

Emily Quiles,Madeline Renbarger
Sat, March 12, 2022, 5:00 AM·5 min read
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A protester holds a giant Ukrainian flag during a protest in response to the Russian invasion of Ukraine in Krakow, Poland.
A protester holds a giant Ukrainian flag during a protest in response to the Russian invasion of Ukraine in Krakow, Poland.Filip Radwanski/SOPA Images/LightRocket via Getty Images
  • Russia's war with Ukraine has taken a toll across the global economy, including in tech.

  • Startup founders have posted online that they are halting their operations in Russia.

  • Many VCs are also organizing large donation drives to help Ukrainians who have fled.

For startups and the venture capitalists who fund them, the conflict in Ukraine can feel close to home.

Ukraine has around 200,000 IT workers, and many of them work for US companies. Two weeks ago, when Russia's military assault began, some startups called for the evacuation of their employees in Ukraine.

But after the Ukrainian government banned men ages 18 to 64 from leaving the country, those firms looked for ways to support refugees and show that they do not support the war.

Some are reexamining their Russian operations. Tech giants like Airbnb have suspended business in Russia and Belarus, while others like Meta, Twitter, and Instagram were forced to shut down by the Russian government.

Insider rounded up some of the key initiatives being led by US startups and their investors to increase pressure on Russia and offer support to the Ukrainian people.

Here are some of the tech firms sending aid to Ukraine.

ukraine protest
A protester in London holds a sign during the demonstration at Trafalgar Square to protest the Russian invasion of Ukraine.Hesther Ng/SOPA Images/LightRocket via Getty Images

GeoZilla

The San Francisco location-services startup, GeoZilla, wants to reunite families by providing its geo-locator app services for free to anyone based in Ukraine. This also applies to relatives in other countries wanting to locate family in Ukraine.

The team recently lost GeoZilla's accountant and her two children to an attack outside of Kyiv.

"Her husband managed to track her and learned of the death as the geo-locator pinned her as being in a hospital," Joanne Sawicki, GeoZilla's public relations advisor, told Insider.

The team has 25 colleagues remaining in Ukraine and is now in the process of organizing an evacuation.

Grammarly

The AI startup and San Francisco-based unicorn Grammarly will offer free services in Ukraine and will donate all of its net revenue — totaling over $5 million — earned from Russia and Belarus since Russia invaded Crimea in 2014 to causes supporting Ukraine, a representative told Insider.


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