This document provides an overview of the Ukrainian venture capital and startup scene in 2016. It finds that there were 87 deals totaling $87 million invested in 2016, a growth over previous years. The average seed stage deal size was $525k. Key sectors of interest for investors included AI, Big Data, delivery, agrotech, and fintech. Ukraine has a growing startup scene with over 3000 startups identified and strengths in IT engineering talent and lower costs compared to other countries. Barriers identified included a lack of entrepreneurial experience and focus on technical rather than business aspects.