BADideas.fund and Bolt’s founder Markus Villig invested in Ukrainian Fuelfinance

Latvian BADideas.fund and founder of Estonian transportation platform Bolt Markus Villig invested in Ukrainian startup Fuelfinance, which makes software for managing finances, accountment, and budget planning.

Among other investors were the CEO of conversations platform SendBird John S. Kim and San Francisco-based venture company Stratminds. Investors acquired less than 10% share of the company. The total amount of the round was $1M.

Fuelfinance organizes the financial and accounting documents of the companies. It provides them with cloud-hosted spreadsheets and graphs. The startup focuses on supporting e-commerce, SaaS, construction, and other companies.

The funds will allow the company to develop further, expand an engineering team and build a sales department.

The company was founded in 2019 by Alyona Mysko. The company’s biggest market is in the US. In December 2022, it received a grant from the startup program Google for Startups.