Untitled Ventures joins the scramble for Russian & Eastern European startups with a $118M warchest – TechCrunch

Mr Putin, I’m sorry, there is competition for the founders of Russia and Eastern Europe. And now those terrible capitalists in the corrupt western world are beginning to defeat the opposition!But seriously … $ 100 million in funding just the other day For Russian-speaking entrepreneurs It has appeared and the number of others is increasing rapidly.

Currently based in London Untitled venture To that end, they will participate in their battle for € 100 million / $ 118 million. The second Funding to invest in “Ambitious Deep Tech Startups with Founders of Eastern Europe”.

Untitled states that it is intended for entrepreneurs who are considering relocating their businesses or are already headquartered in Western Europe and the United States. This is in line with all other existing Western VCs that, in my experience, are always ready and willing to listen to the stories of the founders of Russia and Eastern Europe, who are well known for their technology. I will.

Untitled aims to be a B2B, AI, agritech, medtech, robotics, and data management startup, with proven traction from the Baltic states, CEE, CIS, or those already established in Western Europe.

The fund’s LP includes Vladimir Vedeenev, the founder of Global Network Management>. Untitled also claims to have partners with Google, Telegram Messenger, Facebook, Twitch, DigitalOcean, IP-Only, CenturyLinks, Vodafone and Telecom Italy.

Oskar Stachowiak, Managing Partner of Untitled Ventures, said: Early stage investment for us. Thanks to STEM’s strong focus on the education system and about 1 million highly skilled developers, we have ample opportunity to find and support the rising stars in the region. “

Konstantin Siniushin of Untitled Ventures MP said: “We believe in economic efficiency and at the same time fulfill our social mission to bring about technological projects with great scientific elements from the economically unstable countries of the former Soviet Union, Belarus, Russia and Ukraine alone. Not only does it bring sales to the global market, but it also helps them get the next round of investment in their European headquarters. “

He added: “We have great experience previously accumulated in the first portfolio of the first fund, including not only building businesses in European countries such as Luxembourg, Germany, the United Kingdom, Portugal, Cyprus and Latvia, but also physically relocating. The startup team is already recognized as fully resident in Europe and the world. “

To be fair, setting up a large startup from Eastern Europe is more difficult than necessary, mainly because local capital is often very small. But that is changing, and recently the following CEE funds have been launched: Vitosha Venture Partner And Launchub Ventures, And a breakout hit from Romania that was UIPath.

Untitled Venture Team:
• Konstantin Siniushin, a serial technology entrepreneur
• Experienced fund manager, Oskar Stachowiak
• Mary Glazkova, PR and Comms veteran
• Anton Antich, early investor and former vice president of Swiss cloud data management company Veeam
Insight Venture Partners Acquired for $ 5 Billion
• Yulia Druzhnikova, experience internationalizing tech companies
• Mark Cowley, who has been engaged in private and listed investment in CEE / Russia for over 20 years

Untitled Venture Portfolio Highlights-Fund I
•• Resolution: Germany-based AI-driven size prediction engine
•• Pure app – Portugal-based spontaneous and impersonal dating app
•• Fixar Global – Efficient drone for Latvian-based commercial use cases
•• E-contenta – Based in Poland
•• SuitApp – AI-based mix-and-match proposal for Singapore-based fashion retailers
••, US-based AI-led awareness
•• Hello baby – US-based parent assistant
•• Voximplant – US-based voice, video and messaging cloud communication platform (end)

Untitled Ventures joins the scramble for Russian & Eastern European startups with a $118M warchest – TechCrunch Source link Untitled Ventures joins the scramble for Russian & Eastern European startups with a $118M warchest – TechCrunch

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