29 Jun 2021
X1 will become the first portfolio company within Globaldev Group and will be the foundation for growing a scalable software development hub in Ukraine.
Globaldev Group, an Israeli based investment group, has been established to support technology companies across the world with scalable software development capabilities. After completing its investment round, Globaldev is actively growing its software development capacity by both organic and external growth.
X1 Group is incorporated in Berlin, Germany, with a development hub in Kharkiv, Ukraine. For over 11 years X1 has been providing software development teams to some of the most exciting technology companies in the EU and US.
“X1 Group is the perfect partner we have been looking for”– said Dror Har, Founder and CEO of Globaldev Group. “X1 has proven itself over the last 10 years, providing excellent service, allowing their customer to scale quickly and build cost-effective software development teams. We are eager to work with Valeriy and his team, to expand X1 capability to scale fast and serve their customers even better than today”.
“This investment will enable X1 to scale faster by growing our team, bringing more worldwide clients and opening even more startup job opportunities for engineers in Ukraine” – said Valeriy Bykanov, Founder and CEO of X1 Group. “I was happy to see that we’re sharing the same vision and a set of values with Dror Har and I’m really excited to enter this new chapter of X1 together with Globaldev Group”.