Strategies for raising funds for startups in the face of economic and political instability

Issue: № 9, 2025

Doi: https://doi.org/10.37634/efp.2025.9.15

Economic and political instability in Ukraine has made fundraising for startups increasingly challenging. Traditional sources like venture capital have declined, and startups face additional barriers such as talent outflow and infrastructure disruptions. The purpose of the paper is to outline practical funding strategies for startups operating in unstable environments, emphasizing adaptation and diversification of financial sources. To secure funding, Ukrainian startups are advised to: leverage grant programs, utilize crowdfunding and digital platforms, adapt traditional methods, seek partnerships and accelerators, focus on crisis-resilient sectors, risk analysis and transparency. Despite significant obstacles, Ukrainian startups can improve their fundraising prospects by diversifying funding sources, leveraging digital tools, and targeting grants and international programs. Flexibility, transparency, and a focus on high-demand sectors are key to sustaining innovation and growth in times of instability.

Keywords : startups, startup ecosystem, financing, venture capital deals, fundraising, SMART goals

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