1

Genesis

Genesis is a co-founding company that builds global tech businesses together with outstanding entrepreneurs from CEE.

Categories

Technology  

UA Ukraine

Country

Summary

Genesis is a co-founding company that builds global tech businesses together with outstanding entrepreneurs from CEE. They are one of the largest global app developers. Apps of Genesis companies have been downloaded by more than 300 mn users globally and are used by tens of millions of users monthly.

Genesis has co-founded now independent tech companies such as Jiji, BetterMe, Headway. They have launched and are currently developing successful projects such as OBRIO, Universe, AMO, Boosters, and others in their ecosystem.

They have one of the best tech teams in Europe. As a result, they are constantly recognized as top IT employees in CEE and Ukraine.


History

In a recent interview with Dinis Guarda for his YouTube podcast, COO Artem Kopanyev narrated the history of Genesis:
 

"Genesis started in 2011, with an initial idea of internet business and growing in emerging countries. Its first project was Connect UAE, a social network.

Fast forward a few years, after several iterations and building other businesses, Genesis became a player in emerging markets like Africa, where we have largest classified, Jiji, largest media in Kenya, Nigeria, Uganda, Kazakhstan in Central Asia.

We, then, started new projects in mobile app and web app, business utilities, health and fitness, book summaries, brain teasers etc. We started to have more businesses and we understood that we are not just an IT product company, but we are a co-founding company which is actually working with best entrepreneurs throughout all of the Ukraine providing necessary infrastructure and experience to build global businesses.

Right now, we are the biggest IT product companies in Ukraine with more than 3000 people. We are one of the largest app developers in the world with more than 300 million downloads of our applications. We are leaders in several niches. We have overall more than 25 businesses in different industries. 

We also have a Venture Fund which is a part of our ecosystem: Flyer One Ventures, with more than 80 investments. We are striving to be a global player building businesses from Ukraine, supported by biggest tech companies like Meta and Apple, who are our partners. We are one of the best people to give the most opportunities for our people in the country."


Mission

Genesis's mission is to be the driving force behind the emergence of innovative and sustainable tech businesses led by exceptional entrepreneurs from Central and Eastern Europe (CEE), with a particular focus on Ukraine. They are committed to creating an ecosystem that nurtures and empowers CEE's tech talent, offering the necessary resources, mentorship, and opportunities to transform groundbreaking ideas into successful global ventures. Genesis strives to foster economic growth, technological advancement, and a thriving entrepreneurial culture in the region, contributing to its recognition as a hub for tech innovation on the global stage.

Furthermore, Genesis is dedicated to building a diverse portfolio of tech projects that impact various aspects of the industry, including app development, IT services, astrology apps, educational apps, and media production. Through these endeavors, they seek to create products and services that resonate with millions of users worldwide, enriching lives, expanding knowledge, and advancing technology. In essence, Genesis's mission is to drive progress, support innovation, and unlock the vast potential of CEE's tech entrepreneurs while leaving a lasting mark on the global tech landscape.


Vision

Genesis envisions a future where Central and Eastern Europe (CEE), particularly Ukraine, is at the forefront of the global tech industry, renowned for its innovative startups and entrepreneurial talent. They aspire to be the catalyst for a tech revolution in the region, where CEE entrepreneurs are empowered to create world-class tech businesses. Genesis sees a landscape where these businesses impact diverse sectors, from app development to astrology apps, educational technology to media production, enriching lives and contributing to technological advancement on a global scale.

Moreover, Genesis's vision extends to fostering an ecosystem that transcends geographical boundaries, bridging the gap between CEE and the rest of the world. They aim to establish a network of interconnected ventures and partnerships, unleashing the potential of CEE entrepreneurs and their projects on a global stage. In essence, Genesis envisions a future where their actions today lead to a vibrant and internationally recognized CEE tech landscape, offering opportunities, innovation, and solutions that resonate with people across the globe.


Key Team

Volodymyr Mnogoletniy (CEO, co-founder)

Vasily Ulyanov (co-CEO, co-founder)

Vitaliy Laptenok (Co founder)

Artem Kopanev (COO)


Recognition and Awards
Genesis, established in 2011, has built partnerships with global corporations on its journey of internet business, including Meta, Google, AWS, TikTok, Snapchat, and many more. The Ministry of Digital Transformation of Ukraine and the IT Ukraine Association presented the Incredible Tech catalog, which includes 96 promising IT product companies and 31 successful Ukrainian IT products. This document will become a tool for promoting the Ukrainian IT ecosystem in the international market. Among others, the catalog includes the Keiki app from the company of the same name, Avrora from Boosters, and Headway from the partner company of the same name Genesis. In addition, the catalog also includes the Solidgate payment platform, another Genesis partner. In March 2023, the Genesis for Ukraine Foundation, together with Quarks and Holy Water, organized a fundraiser for sewing women's military uniforms. Then the teams were able to sew 48 individual sets. On the occasion of Vyshyvanka Day, Genesis for Ukraine organized a charity photo campaign "Show Your Embroidery", inviting Genesis residents to take portrait photos in a Ukrainian shirt in exchange for a donation. The result is UAH 60,473, which will be used to sew 30 sets according to individual measurements. Project teams from the Genesis ecosystem and partner companies took part in the action. Drone for protection, millions for victory Since the beginning of the full-scale war, Genesis has allocated UAH 165.5 million in various areas to help the army and the country. And in November 2022, Genesis, together with other Ukrainian IT companies, donated a naval drone to the Ukrainian army. Thus, the country's naval flotilla has been replenished with an iron defender, which is already helping to repel attacks from the sea. "The drone is made in Ukraine using many innovations. This is a real military tech. Similar drones already have proven effectiveness, and we believe that this investment in victory will not be in vain," says Volodymyr Mnogoletniy. In August 2023, Genesis joined the Braveproject fundraising project, in which it donated UAH 720,000 for the purchase of bionic prostheses from Esper Bionics for wounded Ukrainian soldiers and civilians.

Products and Services

They have a diverse portfolio of projects and spin-off businesses that cater to various aspects of the tech world, such as app development, IT services, astrology apps, educational apps, media production, and more.

Some of their prominent products and services include:

AMO: An international IT company comprising AMO Publishing, AMO Pictures, and AMO App, which creates products and stories for millions of users globally.

OBRIO: A Ukraine-based IT company within the Genesis ecosystem, focusing on Nebula, the leading astrology app with over 30 million users worldwide.

Keiki: A major global educational app publisher for children, offering various educational apps and content.

Legit: A top media brand producing news and videos for a global audience, earning 17 esteemed media awards and attracting 30 million monthly visitors.

Boosters: A product team dedicated to creating fast-growing mobile products designed to enhance the quality of life for millions.

Universe: Ranks as the world's third-largest utilities publisher based on revenue, with its flagship product, Scan Guru.

Corporate Spin-offs: Genesis has incubated and nurtured various businesses that have become leaders in their respective niches, such as Jiji (largest classifieds in Africa), BetterMe (a leading developer of Health & Fitness apps), appflame (social networking and lifestyle apps), and more.

Flyer One Ventures
Flyer One Investment Fund is a dynamic early-stage venture capital fund that focuses its investments in promising startups operating in the domains of B2B SaaS, Enterprise SaaS, and Consumer sectors, with a geographical reach spanning across Europe and North America. With a clear vision to foster innovation and entrepreneurial growth, Flyer One actively identifies and supports startups with transformative potential. They provide crucial capital and strategic guidance to these budding enterprises as they embark on their journeys to redefine industries and address contemporary market needs.

In terms of their investment strategy, Flyer One Investment Fund tailors its funding to suit the specific growth stage of each venture. Their investment size varies, ranging from $100,000 to $500,000 at the seed stage, and up to $1 million for Series A funding. With a diverse portfolio comprising over 60 companies, they've already invested over $35 million in their mission to nurture and accelerate the development of these entrepreneurial endeavors. Notably, Flyer One's commitment to founders is reflected in their impressive Net Promoter Score (NPS) of 92, highlighting the trust and satisfaction they generate among the entrepreneurial community. This dynamic VC fund's ability to facilitate startups' growth and success positions them as a pivotal player in driving innovation and transformation in Europe and North America.

Genesis for Ukraine

In April 2022, the company created the Genesis for Ukraine charitable foundation, whose mission is to unite to strengthen the Defense Forces and bring Ukraine's victory closer.


The Foundation works in two directions — it provides targeted assistance to employees and their families who have joined the ranks of the Defense Forces of Ukraine, as well as implements initiatives with companies of the Genesis ecosystem to strengthen the Ukrainian army.


References
Genesis
Leadership team

Volodymyr Mnogoletniy (CEO, co-founder)

Vasily Ulyanov (co-CEO, co-founder)

Vitaliy Laptenok (Co founder)

Industries

Technology

Products/ Services
Internet services, marketing, advertising, global internet solutions, media, content creation, internet emerging markets, CIS internet projects, classifieds, mobile apps, venture capital, education and training programs
Number of Employees
1,000 - 20,000
Headquarters
40R, Frunze st, Kyiv, UA
Established
2011
Company Type
Private company limited by shares or Ltd
Company Registration
73737 (SIC), 51518 (NAICS)
Social Media

Related Companies

Related Companies

About

businessabc offers a global business, SMEs wiki directory blockchain, NFTs, AI powered marketplace for businesses worldwide.

Follow Us
Produced by
In collaboration with
Logo

Copyright 2023 © businessabc powered by ztudium