Headquartered in London, VC firm Untitled Ventures raised US$ 118 million for its second fund, the company announced on July 14, 2021. The fund is centred around deep tech startups founded in eastern Europe and demand to relocate or have already established an HQ in western Europe or the US.
Untitled Ventures will be targeting startups from all over industries:
- B22
- AI
- Agritech
- Medtech
- Robotics
- Data management.
The company will also pay a close look at previously organised startups in Western Europe. The firm will face the already subsisting VC fund and business angels looking for growing startups and scaleups to invest in.
Company’s Profile
Founded in 2011 by Oskar Stachowiak, UNTITLED is a venture capital fund that invests in pre-seed and seed-stage businesses all across London, Riga, Moscow and more. It specialises in the fields of financial services, private equity, and venture capital. Its regular partner base includes many leading companies, including Sizolution, Fixar Global, E-contenta, Pure app, SuitApp, Hello, baby, and exits with RecruitLoop, Voximplant, and upnews, JungleJobs, channelkit, and Giftoman.
What the team has to say
Oskar Stachowiak, Untitled Ventures founder, remarks, “With over ten unicorns, US$ 1.17 billion venture funding in 2020 only, and breakthrough stories like Semrush, Veeam, and Wrike, startups rising from the fast-growing regions are the most high-grade choice to focus on early-stage investment for us. Thanks to the clear STEM focus in the education system and about 1 million extraordinary-skilled developers, we have an abundance of opportunities to find and promote the rising stars in the sphere.”
Another team member, Konstantin Siniushin, Untitled Ventures, said: “We believe in economic productivity, and at the very time we tend to fulfil a social charge of bringing technological schemes with a comprehensive scientific component from the economically shifting nations of the former USSR, such as Belarus, Russia and Ukraine, not only in terms of making sales to the global market but also helping them to HQ in Europe so they can get next series of investments.”
He continued, “We have an inclusive expertise acquired earlier in the first portfolio of the first fund, by not just structuring business in such European nations as, for example, Luxembourg, Germany, Great Britain, Portugal, Cyprus and Latvia, but also actually relocating startup units so that they are seen as entirely residented in Europe and global markets.”
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