What Favbet Foundation does

Favbet Foundation (Благодійний Фонд Favbet Foundation) is a Ukrainian private charitable foundation headquartered in Kyiv, founded in 2020 by entrepreneur Andriy Matiukha — who is also the founder of the FAVBET gambling brand. The foundation operates a portfolio of social initiatives grouped under several programs: 'Stronger Together' (Сильніші разом) and 'Club of Superheroes' (Клуб супергероїв) provide free sports sections in football, boxing, basketball, and martial arts for children, including children of military personnel and internally displaced persons (IDPs); 'IT Kids / Build Up' delivers free IT education through partners GoFriends IT Academy and Code Club Ukraine, covering Python and Scratch courses for over 1,100 children; 'Power in Knowledge' (Сила в знаннях) distributes school supplies to children in special institutions; and 'FAST Complex' trains sports coaches in first aid. The foundation also operates humanitarian aid programs and the 'Re:start' (Рестарт) VR rehabilitation initiative, which deploys PlayStation VR2-based virtual reality spaces inside Ukrainian hospitals to support recovery of wounded military personnel, currently operational in facilities across Kyiv, Dnipropetrovsk, Lviv, and Vinnytsia oblasts.

All foundation programs are provided free of charge to beneficiaries. The foundation is funded through charitable donations, founder contributions, and humanitarian aid partnerships — including a significant Croatian partnership pipeline coordinated through Dobro Dobrim that delivered nearly 3 million EUR in medical equipment, generators, and transformers from companies such as Kefo, Medical Intertrade, HEP, and Lochman & Rauscher. Following Russia's full-scale invasion of Ukraine in February 2022, the foundation expanded its mission to include transfers of 500+ vehicles and 1,000+ drones (over 100 million UAH in value) to the Armed Forces of Ukraine.

The foundation reports 1,001–5,000 employees and operates across at least 12 Ukrainian oblasts, supported by institutional partnerships with the Ministry of Digital Transformation of Ukraine (for a 5,000-computer library digitalization initiative), the National Olympic Committee, and multiple national sports federations. It does not disclose revenue or financial statements, and operates as a non-commercial entity with no software products, APIs, or AI-powered offerings.

Name

Favbet Foundation

Legal name

Благодійний Фонд Favbet Foundation

Website

https://favbet.foundation

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Favbet Foundation is a Ukrainian nonprofit founded in 2020 that delivers free sports, IT education, humanitarian aid, and VR-based rehabilitation programs to children, military personnel, veterans, and internally displaced persons across 12+ Ukrainian oblasts, funded through charitable donations and international humanitarian partnerships.

Ownership category

akta.pro rank

Product category

Charitable Foundation Services

NAICS

Grantmaking Foundations (813211), Sports and Recreation Instruction (611620), Grantmaking and Giving Services (8132)

SIC

Services-Educational Services (8200)

akta.pro primary industry

International Grantmaking & Development Foundations (BPAGAKAH)

akta.pro secondary industries

Education Grantmaking Foundations (BPAGAKAK), International Development & Donor-Funded Education Programs (EDADALAB), NGO/Nonprofit Education Programs & Service Delivery (EDADALAC), Refugee, Crisis & Humanitarian Education Partnerships (EiE) (EDADALAG)

Keywords

• Charitable foundation services
• Humanitarian aid programs
• Sports development initiatives
• Veteran rehabilitation services
• Children education support

Headquarters

HQ city

Kyiv

HQ country

Ukraine

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Infrastructure, Technology or R&D, Supply Chain

Revenue model

1. Charitable donations and humanitarian funding: Favbet Foundation operates as a charitable organization funded by donations and humanitarian aid partnerships. The foundation receives contributions from corporate partners and international organizations to support its charitable programs in education, sports, and military support.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Favbet Foundation is a Ukrainian charitable foundation that delivers free social programs across three pillars: children's sports and education (free football, boxing, basketball sections; IT courses in Python and Scratch; school supply distribution), military rehabilitation and support (VR-based Re:start rehabilitation spaces in hospitals, equipment transfers of 500+ vehicles and 1,000+ drones), and humanitarian aid (international shipments of medical equipment, generators, food, and hygiene products). Programs are delivered at no cost to beneficiaries through institutional partnerships with schools, sports clubs, medical facilities, and international humanitarian organizations.

Product overview

Favbet Foundation is a charitable organization founded in 2020 by entrepreneur Andriy Matiukha, focused on supporting children, education, and sports in Ukraine. The foundation operates multiple social initiatives under its umbrella programs: the Superheroes Club (Клуб супергероїв) which encompasses the Stronger Together (Сильніші разом) sports program offering free sections in football, boxing, and basketball; the IT Kids/Build Up digital education initiative providing free IT courses and workshops; the Power in Knowledge (Сила в знаннях) educational support program distributing school supplies; and the Re:start (Рестарт) VR rehabilitation project for military personnel. Additional programs include the FAST first aid training for sports communities and comprehensive humanitarian aid distribution. The foundation is not a technology company and does not offer software products, APIs, or AI-powered solutions.

Differentiator

Problem solved

Functional benefit

Brands

• Club of Superheroes (Клуб Супергероїв): A comprehensive project supporting free sports sections for boxing, wrestling, football, basketball, and IT education programs for children of military personnel and displaced persons.
• Re:start
• FAST / Complex
• IT Kids / Build Up
• Power of Knowledge (Сила в знаннях)
• Stronger Together (Сильніші разом)

Products and services

• Power in Knowledge (Сила в знаннях) Educational support program that provides school supplies and learning materials to children in specialized institutions, including orphans and children with special needs across Ukrainian regions. Part of the Superheroes Club umbrella program.
• Re:start (Рестарт) VR-based rehabilitation program that creates virtual reality spaces in medical facilities for wounded military personnel, using PlayStation VR2 and PS5 Slim technology combined with therapeutic games to support physical recovery from injuries. Five VR rehabilitation spaces operational across Kyiv, Dnipropetrovsk, Lviv, and Vinnytsia oblasts.
• Stronger Together (Сильніші разом) Free sports sections for children in football, boxing, basketball, and martial arts, providing equipment, training, and competition opportunities for children of military personnel and internally displaced persons. Part of the Superheroes Club umbrella program.
• IT Kids / Build Up IT education program offering free coding courses, workshops, and summer camps in Python, Scratch, and other digital professions for teenagers from vulnerable categories, implemented in partnership with GoFriends IT Academy and Code Club Ukraine. More than 1,100 children participated across two major programming courses.
• Superheroes Club (Клуб супергероїв) Comprehensive children's support program encompassing sports activities (Stronger Together), IT education (IT Kids), and educational assistance (Power in Knowledge) for children from military families and vulnerable categories.
• FAST Complex Training Program First aid and emergency medical training program for sports communities, teaching life-saving skills including hemorrhage control, CPR, and emergency response to coaches and athletes nationwide. Targets 1,800+ participants in partnership with FAST and the National Olympic Committee of Ukraine.
• Humanitarian Aid Program Humanitarian assistance initiative providing vehicles, drones, medical equipment, generators, transformers, and essential supplies to Ukrainian military and civilians, including international cooperation with Croatian partners through the Dobro Dobrim initiative (approximately 3 million EUR in shipments).

Quantifiable outcome

• 7,500 children received stationery boxes for education
• +4 more outcomes

Named customers12 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

22 partnerships are on record, tiered core and minor.

• AWO InternationalcoreStrategic or Co-development Partner · 1 January 2022International humanitarian organization supporting Favbet Foundation's educational initiatives. Collaboration focused on helping Ukrainian schools survive difficult wartime winters and creating multifunctional educational centers in Chernihiv region for online and offline educational activities.
• Dobro Dobrim (DoDO)coreStrategic or Co-development PartnerCroatian humanitarian organization coordinating large-scale aid shipments from Croatia to Ukraine. Favbet Foundation facilitates logistics and partnership coordination for deliveries including medical equipment, generators, transformers, food, hygiene products, and disinfectants for Ukrainian hospitals.
• Kefo d.o.o.minorOthersCroatian company contributing medical equipment and humanitarian supplies to Ukraine through the Dobro Dobrim initiative coordinated with Favbet Foundation.
• Lochman & RauscherminorOthersCroatian medical company providing medical equipment and sanitary supplies for Ukrainian hospitals through the Croatian humanitarian initiative.
• Medical IntertrademinorOthersCroatian medical supplies company participating in humanitarian aid shipments to Ukraine valued at nearly 3 million EUR.
• HEP (Croatian power company)minorOthersCroatian energy company providing generators and transformers for areas with destroyed energy infrastructure in Ukraine.
• FAST (First Aid and Special Training)coreStrategic or Co-development PartnerOrganization developing culture of safety in Ukrainian sports through first aid training programs. Favbet Foundation partners with FAST to deliver Complex program training to sports community members across Ukraine, targeting 1,800+ participants.
• GoFriends IT AcademycoreStrategic or Co-development PartnerUkrainian IT education provider delivering Build Up program offering teenagers first steps into digital professions. Favbet Foundation supports IT masterclasses and summer camps for vulnerable youth including IDPs, orphans, and children of military personnel.
• Code Club UkrainecoreStrategic or Co-development PartnerAll-Ukrainian network of programming clubs. Partnership with Favbet Foundation conducted two major programming courses on Python and Scratch covering more than 1,100 children in various regions.
• FK Olimp IrpincoreStrategic or Co-development PartnerChildren's football club from Irpin operating over 7 years with 200+ trainees. Favbet Foundation signed partnership memorandum providing new equipment for young players and supporting club's participation in competitions at various levels.
• SpartaBox Boxing ClubcoreStrategic or Co-development PartnerKyiv martial arts club hosting free boxing section for children of military personnel and IDPs under 'Stronger Together' initiative. Favbet Foundation supports training, equipment, training camps, and competition participation.
• Sport for All CentercoreChannel Partner/ Reseller/ DistributorPhysical Health Center in Desnyansky district of Kyiv hosting free football and basketball sections for children of military personnel and IDPs supported by Favbet Foundation.
• BF HornocoreStrategic or Co-development PartnerCharitable foundation implementing Re:start project with Favbet Foundation, creating VR rehabilitation spaces in medical facilities for wounded military personnel recovery.
• Federation of Boxing of UkraineminorStrategic or Co-development PartnerNational boxing federation joining National Platform of Sports Integrity initiatives supported by Favbet Foundation, promoting fair play and ethical standards in Ukrainian sport.
• Federation of Basketball of UkraineminorStrategic or Co-development PartnerNational basketball federation partnering with National Platform of Sports Integrity to combat match-fixing, with Favbet Foundation supporting anti-corruption initiatives.
• National Platform of Sports IntegritycoreStrategic or Co-development PartnerNational body promoting integrity in Ukrainian sport. Favbet Foundation supports meetings with athletes and all sports movement representatives, working to establish ethical committees in sports federations.
• National Olympic Committee of UkraineminorStrategic or Co-development PartnerHost organization for discussions on sports integrity and first aid training programs conducted by Favbet Foundation and FAST in Olympic Committee premises.
• Ministry of Digital Transformation of UkrainecoreStrategic or Co-development PartnerGovernment ministry implementing Library Digitalization project with Favbet Foundation to transfer 5,000 computers to libraries across Ukraine.
• Poltava Oblast Sports SchoolminorStrategic or Co-development PartnerRegional sports institution participating in Complex first aid training program for coaches and sports workers.
• FC Vorskla PoltavaminorStrategic or Co-development PartnerProfessional football club whose representatives participated in first aid training under Complex program supported by Favbet Foundation.
• HK Morski Vovky (Sea Wolves)minorStrategic or Co-development PartnerYouth hockey club whose young athletes received first aid training under Complex program, with 24 young hockey players participating.
• Kyiv City Center for Rehabilitation of Persons with Disabilities AskoldminorStrategic or Co-development PartnerRehabilitation center supporting table tennis championship for veterans and persons with disabilities under Favbet Foundation's sports rehabilitation program.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Wounded Warrior Project: Large US nonprofit providing programs and services to wounded veterans, including physical and mental rehabilitation. Comparable in its dedicated veteran rehabilitation focus that overlaps with Favbet Foundation's Re:start VR rehabilitation program.
• United24: Official Ukrainian government platform for international fundraising across humanitarian, defense, and reconstruction needs. Comparable as a Ukrainian wartime fundraising channel with government backing, but operates at a much larger institutional scale than Favbet Foundation.

Direct peers

• Razom for Ukraine: US-headquartered Ukrainian humanitarian and development foundation supporting humanitarian aid, education, and civil society in Ukraine. Comparable as a Ukrainian-focused charity that combines humanitarian delivery with education programming and operates with international donor coordination.
• Nova Ukraine: US-based Ukrainian nonprofit delivering humanitarian aid and supporting education, medical, and cultural initiatives in Ukraine. Comparable in mission (humanitarian + education support to Ukrainian beneficiaries) and in cross-border fundraising structure.
• Serhiy Prytula Charitable Foundation: Major Ukrainian charitable foundation supporting the military, humanitarian aid, education, and cultural projects. Directly comparable to Favbet Foundation in program mix (military support + humanitarian + education) and Ukrainian operating context.
• Come Back Alive Foundation: One of Ukraine's largest charitable foundations, supporting the Armed Forces with equipment, training, and rehabilitation. Comparable to Favbet Foundation in being a Ukrainian wartime charity combining military material support with humanitarian programming and significant public fundraising.

Others

• AWO International: German international NGO supporting humanitarian aid and education projects. Comparable as an established international humanitarian/education NGO that partners with Favbet Foundation on school-support programs in Chernihiv region.
• Fisher House Foundation: US-based nonprofit supporting military and veteran families through housing and program funding. Comparable as an established military-family-support charity ecosystem, though focused on housing rather than rehab technology.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/FavbetFoundation
• LinkedInlinkedin.com/company/favbet-foundation
• Instagraminstagram.com/favbet_foundation

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Favbet Foundation