Untitled Ventures launches €100M Fund II to invest in ambitious deep-tech startups
Our second fund aims to fuel deep-tech startups founded by globally-minded eastern european entrepreneurs who are looking to relocate their business or have already HQ’ed in Western Europe and the USA.
Konstantin Siniushin, the Untitled Ventures MP: “Deep tech startups contribute to solving the world’s biggest challenges. Creating a new technology with a potential to disrupt markets and industries should be supported. We are committed to help scale deep tech companies to bring them to the right markets and in front of the right people.”
We are looking for B2B AI-powered startups with proven traction emerging from the Baltics, CEE and CIS, as well as already established in the west, disrupting agritech, medtech, robotics and data management industries.
Oskar Stachowiak, the Untitled Ventures MP: “With over 10 unicorns, €1Bn venture funding in 2020 alone, and success stories like Veeam, Semrush and Wrike, startups emerging from the fast-growing regions are the best choice to focus on early stage investment for us. Thanks to the strong STEM focus in the education system and about one million high-skilled developers, we have an ample opportunity to find and support the rising stars in the region.”
Among our LPs there is Vladimir Vedeneev, a founder of Global Network Management, which provides telecom services in the EU, USA, and Singapore. Their key partners are Google, Telegram Messenger, Facebook, Twitch, DigitalOcean, IP-Only, CenturyLinks, Vodafone, TelecomItaly, to name a few. In addition to Vladimir’s investment he will provide his deep tech expertise as the Head of Technology at the Untitled Ventures.
Konstantin Siniushin, the Untitled Ventures MP: “We believe in economic efficiency and at the same time we fulfil a social mission of bringing technological projects with a large scientific component from the economically unstable countries of the former USSR, such as, first of all, Belarus, Russia and Ukraine, but not only in terms of bringing sales to the world market and not only helping them to HQ in Europe so they can get next rounds of investments.
We have a great experience accumulated earlier during operating the first fund, not just structuring business in such European countries as, for example, Luxembourg, Germany, Great Britain, Portugal, Cyprus and Latvia, but also physically relocating startup teams so that they are perceived already as fully resident in Europe and globally. We hope to learn more about markets of France and Switzerland, as well as the Netherlands in the very near future. We also hope to establish long-term partnerships with European venture capital funds to plan syndication and new rounds, as well as help our portfolio projects to obtain European grants.”
We as the Untitled Ventures already have deep roots in the region. The fund partners with EMERGE — the global tech product conference, where entrepreneurs, tech talent, investors, and scientists get together. This year, our team helped to create EMERGE 100 Report — a list of the emerging startups in the Eastern Europe and CIS regions.
We also now partners with InnMind, the leading deal-origination platform for tech startups and venture capital professionals in Europe, which aims to bring high quality deal-flow of deep tech startups from the region to our fund’s pipeline.
