The Untitled Ventures is an early growth stage venture capital fund that invests in tech startups from Eastern Europe. To date, the Untitled Ventures has invested into 26 companies with 15% women among founders (Sarafan.tech, SuitApp, E-Contenta), and successfully exited 3 (DPI 1.6x).
Now the Untitled Ventures firm is raising €50 million for a fund that will invest in early growth stage tech companies from Eastern Europe, with the focus on B2B AI, robotics, agritech, medtech, and data management. The new fund will be backed by European institutions and will take advantage of exceptional deal flow with revenues of €400K – €1 million.
“We target Eastern Europe talents for a reason. Given that Silicon Valley is filled with them, we are looking in the right place. Education system still has a strong focus on STEM and it is not a coincidence that Belarusian, Russian, Ukrainian university teams consistently win global programming competitions. Additionally to companies that are still located in Russia, Belarus, and Ukraine, we target those companies that came to the West, but have not yet developed a true presence in the market. We suspect the number of companies under this description is large,” says Oskar Stachowiak, the Untitled Ventures founder.
The Untitled Ventures operates from London, Moscow, and Riga, building the bridge between Eastern and Western Europe. The Untitled Ventures is a member of of IVC (the International Venture Club), a collaborative platform of independent venture capital, corporate, governmental and institutional investors. The Club was formed in 2011 by 17 active European investors to service the need for better collaboration between all different kinds of investors throughout Europe. The Untitled Ventures also supports such tech communities as WebSummit, Collision, the Emerge, goTech and others.
via https://www.AiUpNow.com/ by contact@bcurdy.com, Khareem Sudlow
