Published On: Thu, Jul 22nd, 2021

Untitled Ventures joins a hasten for Russian & Eastern European startups with a $118M warchest

Sorry Mr. Putin, though there’s a competition on for Russian and Eastern European founders. And right now, those awful capitalists in a hurtful West are starting to out-gun a opposition! But seriously… usually a other day a $100 million account directed during Russian vocalization entrepreneurs appeared, and others are proliferating.

Now, London-based Untitled Ventures skeleton to join their ravel with a €100 million / $118M for a second account to deposit in “ambitious low tech startups with eastern European founders.”

Untitled says it is aiming during entrepreneurs who are looking to immigrate their business or have already HQ’ed in Western Europe and a USA. That’s alongside all a other existent Western VCs who are – in my knowledge – always prepared and peaceful to listen to Russian and Eastern European founders, who are mostly famous for their technical prowess.

Untitled is going to be aiming during B2B, AI, agritech, medtech, robotics, and information government startups with proven traction rising from a Baltics, CEE, and CIS, or those already determined in Western Europe

LPs in a account embody Vladimir Vedeenev, a owner of Global Network Management. Untitled also claims to have Google, Telegram Messenger, Facebook, Twitch, DigitalOcean, IP-Only, CenturyLinks, Vodafone and TelecomItaly as partners.

Oskar Stachowiak, Untitled Ventures Managing Partner, said: “With over 10 unicorns, €1Bn try appropriation in 2020 alone, and success stories like Veeam, Semrush, and Wrike, startups rising from a fast-growing regions are a best choice to concentration on early-stage investment for us. Thanks to a clever STEM concentration in a preparation complement and about one million high-skilled developers, we have an plenty event to find and support a rising stars in a region.”

Konstantin Siniushin, a Untitled Ventures MP said: “We trust in mercantile potency and during a same time we perform a amicable goal of bringing technological projects with a vast systematic member from a economically inconstant countries of a former USSR, such as, initial of all, Belarus, Russia and Ukraine, though not usually in terms of bringing sales to a universe marketplace and not usually assisting them to HQ in Europe so they can get subsequent rounds of investments.”

He added: “We have a good knowledge amassed progressing in a initial portfolio of a initial fund, not only structuring business in such European countries as, for example, Luxembourg, Germany, Great Britain, Portugal, Cyprus and Latvia, though also physically relocating startup teams so that they are viewed already as entirely proprietor in Europe and globally.”

To be fair, it is still harder than it needs to be to emanate vast startups from Eastern Europe, especially since there is mostly really small internal capital. However, that is changing, with a launch recently of CEE supports such as Vitosha Venture Partners and Launchub Ventures, and a dermatitis strike from Romania that was UIPath.

The Untitled Ventures team:
• Konstantin Siniushin, a sequence tech entrepreneur
• Oskar Stachowiak, gifted account manager
• Mary Glazkova, PR Comms veteran
• Anton Antich, early theatre financier and an ex VP of Veeam, a Swiss cloud information government company
acquired by Insight Venture Partners for $5bln
• Yulia Druzhnikova, gifted in holding tech companies international
• Mark Cowley, who has worked on private and listed investments within CEE/Russia for over 20 years

Untitled Ventures portfolio highlights – Fund I
• Sizolution: AI-driven distance prophecy engine, formed in Germany
• Pure app – extemporaneous and unbiased dating app, formed in Portugal
• Fixar Global –  fit drones for blurb use-cases, formed in Latvia,
• E-contenta – formed in Poland
• SuitApp – AI formed mix-and-match suggestions for conform retail, formed in Singapore
• Sarafan.tech, AI-driven recognition, formed in a USA
• Hello, baby – parental assistant, formed in a USA
• Voximplant – voice, video and messaging cloud communication platform, formed in a USA (exited)

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