Untitled Ventures raises £85 million for its second fund to invest in deep tech startups

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London-based Untitled Ventures raised €100M for its second fund to invest in ambitious deep tech startups with eastern european founders 

London-based Untitled Ventures today announced it has raised €100 million for its second fund. It will invest in 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. 

The priority will be given to B2B AI-powered startups with proven traction emerging from the Baltics and CIS, as well as already established in the west, disrupting agritech, medtech, robotics and data management industries. 

Among 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.  

“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,” says Oskar Stachowiak, 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,” says Konstantin Siniushin, the Untitled Ventures MP.

The Untitled Ventures already has 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, the fund helped to create EMERGE 100 Report – a list of the emerging startups in the Eastern Europe and CIS regions.   

The Untitled also partners with InnMind, the leading deal-origination platform for tech startups and venture capital professionals in Europe, to bring high quality deal-flow of deep tech startups from the region to the fund’s pipeline. So far to date in 2021 InnMind facilitated the closure of €27mln worth venture funding deals for seed and A stage startups.  


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Safiya Marzook

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