SMRK VC Fund

SMRK VC Fund is a venture capital firm established in November 2013 and headquartered in Kyiv, Ukraine. The firm specializes in funding pre-seed, seed, and early-stage startups, primarily focusing on information technology projects. SMRK VC Fund targets investments in software for mobile operating systems, casual and business software, and enhancing the online presence of offline businesses, as well as B2C and B2B services. It concentrates its efforts on IT projects in Ukraine, Russia, Belarus, and Central Europe but is open to opportunities in other regions as well. The firm typically invests between $0.1 million and $1 million, seeking to acquire a minority stake in the companies it supports. Notable projects funded by SMRK VC Fund include Allset, Preply, Competera, and AJAX Systems.

Andriy Dovzhenko

Co-Founder and Managing Partner

Oleksandr Kosovan

Co-Founder and Partner

Vlad Tislenko

Partner

Past deals in Eastern Europe

Carbominer

Seed Round in 2022
Carbominer is a hardware startup based in Kiev, Ukraine, founded in 2020. The company specializes in developing industrial modules that capture carbon dioxide directly from the atmosphere. Its technology offers greenhouse operators a cost-effective and environmentally friendly alternative to traditionally purchased CO2. By providing both the carbon capture technology and installation services, Carbominer enables clients to adopt a more sustainable approach to carbon sourcing, contributing to climate change mitigation efforts.

Carbominer

Seed Round in 2021
Carbominer is a hardware startup based in Kiev, Ukraine, founded in 2020. The company specializes in developing industrial modules that capture carbon dioxide directly from the atmosphere. Its technology offers greenhouse operators a cost-effective and environmentally friendly alternative to traditionally purchased CO2. By providing both the carbon capture technology and installation services, Carbominer enables clients to adopt a more sustainable approach to carbon sourcing, contributing to climate change mitigation efforts.

Carbominer

Seed Round in 2020
Carbominer is a hardware startup based in Kiev, Ukraine, founded in 2020. The company specializes in developing industrial modules that capture carbon dioxide directly from the atmosphere. Its technology offers greenhouse operators a cost-effective and environmentally friendly alternative to traditionally purchased CO2. By providing both the carbon capture technology and installation services, Carbominer enables clients to adopt a more sustainable approach to carbon sourcing, contributing to climate change mitigation efforts.

Esper Bionics

Seed Round in 2020
Esper Bionics is an engineering company based in Kyiv, Ukraine, that specializes in developing advanced prosthetic solutions for individuals with limb differences. Founded in 2018, the company focuses on creating myoelectric prostheses, including its flagship IoT robotic hand, which combines affordable mechanics with sophisticated software. Esper Bionics aims to revolutionize the prosthetic industry through innovative control technologies and data-collective architecture, enhancing the functionality and adaptability of bionic limbs. Their products are designed to provide users with natural movements and the ability to adjust grips automatically, improving ease of use in daily tasks. In addition to prosthetics, the company explores applications in mechatronics, neural implants, and wearable electronics, positioning itself to influence multiple sectors.

Love&Live

Seed Round in 2020
Fast Fashion Retailer Selling Own Brand Clothes, Shoes, and Accessories

Carbominer

Pre Seed Round in 2020
Carbominer is a hardware startup based in Kiev, Ukraine, founded in 2020. The company specializes in developing industrial modules that capture carbon dioxide directly from the atmosphere. Its technology offers greenhouse operators a cost-effective and environmentally friendly alternative to traditionally purchased CO2. By providing both the carbon capture technology and installation services, Carbominer enables clients to adopt a more sustainable approach to carbon sourcing, contributing to climate change mitigation efforts.

Seadora

Seed Round in 2019
Ocean is the largest fresh fish store in the world. But! Up to 60% of wild caught seafood goes to waste every year. Some fish we loose in supply chains, the rest we throw away unconsumed from our fridges. In Seadora we collect pre-orders from you, doesn't matter who you are business or individual, and treat that as your manifestation of intention to consume what you have pre-ordered and pre-paid. We only catch fish as much as you order it, as much as it is booked. Fish goes directly from your fishermen to you without intermediaries, delivered with AAA Freshness Quality, fully traceable by QR codes, fully sustainable and never frozen. We don't deliver just fish - we deliver cozy family evenings, smiles and health for everyone at zero waste rate of ocean wild life resource.

Love&Live

Seed Round in 2019
Fast Fashion Retailer Selling Own Brand Clothes, Shoes, and Accessories

Love&Live

Seed Round in 2019
Fast Fashion Retailer Selling Own Brand Clothes, Shoes, and Accessories

Competera

Seed Round in 2019
Competera Limited is a cloud-native, AI-driven price optimization company that helps both online and brick-and-mortar retailers enhance their revenue through effective pricing strategies. Founded in 2014 and headquartered in West Hollywood, California, with additional offices in London, Singapore, and an R&D center in Kyiv, Ukraine, Competera offers advanced software solutions that leverage machine learning and econometric practices. The platform analyzes 60 pricing and non-pricing factors, along with self-price elasticity and cross-product sales dependencies, to provide retailers with optimal price recommendations. By implementing these insights, businesses can improve their bottom line metrics and maintain appropriate price perceptions in the market.

Superorder

Seed Round in 2018
Superorder Inc. is a software company that specializes in developing a trading platform for cryptocurrency traders. Founded in 2015 and headquartered in Redwood City, California, with an additional office in Kyiv, Ukraine, the company provides users with a convenient interface that integrates with popular crypto exchanges. Its platform enables traders to automate their trading processes and create predefined sequences of actions, including a drag-and-drop strategy builder. This functionality allows users to build and implement trading strategies that enhance their investment capabilities and optimize their trading experience, ultimately helping them to earn more in the dynamic cryptocurrency market.

Competera

Seed Round in 2017
Competera Limited is a cloud-native, AI-driven price optimization company that helps both online and brick-and-mortar retailers enhance their revenue through effective pricing strategies. Founded in 2014 and headquartered in West Hollywood, California, with additional offices in London, Singapore, and an R&D center in Kyiv, Ukraine, Competera offers advanced software solutions that leverage machine learning and econometric practices. The platform analyzes 60 pricing and non-pricing factors, along with self-price elasticity and cross-product sales dependencies, to provide retailers with optimal price recommendations. By implementing these insights, businesses can improve their bottom line metrics and maintain appropriate price perceptions in the market.

Settle (Merged with Allset)

Venture Round in 2015
With Settle, you can pre-order lunch at restaurants, so that your food is ready when you arrive. You dine 60% faster, as you skip waiting for your table, food and check. Settle makes lunch your best time of the day by giving you delicious meals and more time for a real break. For restaurants: 100% prepaid orders and tables, 60% faster turnarounds, new sales online, more effective upselling and more targeted marketing. We focus on popular restaurants in busy areas with breakfast and lunch menu. We offer companies and teams group lunch pre-ordering at restaurants near their offices. In addition to mobile pre-ordering, restaurants can offer specials and happy hours during off-peak time. In Ukraine, we currently take 15-20% commission from restaurants. In the USA, the service will be launched free for restaurants and users. Then we'll try out this model: a small commission on every pre-order for restaurants during off-peak hours and a small fee for users during peak hours.

Ajax Systems

Seed Round in 2015
Ajax Systems Inc. is a manufacturer of smart security systems and sensors designed for residential use. Founded in 2011 and based in Kyiv, Ukraine, the company provides a range of products including wireless window and door opening sensors, movement sensors, leak detectors, fire detectors, and glass protectors. Ajax Systems also offers hubs that enable clients to integrate and manage multiple devices within their security systems, ensuring comprehensive protection for homes across Europe.

Settle (Merged with Allset)

Seed Round in 2015
With Settle, you can pre-order lunch at restaurants, so that your food is ready when you arrive. You dine 60% faster, as you skip waiting for your table, food and check. Settle makes lunch your best time of the day by giving you delicious meals and more time for a real break. For restaurants: 100% prepaid orders and tables, 60% faster turnarounds, new sales online, more effective upselling and more targeted marketing. We focus on popular restaurants in busy areas with breakfast and lunch menu. We offer companies and teams group lunch pre-ordering at restaurants near their offices. In addition to mobile pre-ordering, restaurants can offer specials and happy hours during off-peak time. In Ukraine, we currently take 15-20% commission from restaurants. In the USA, the service will be launched free for restaurants and users. Then we'll try out this model: a small commission on every pre-order for restaurants during off-peak hours and a small fee for users during peak hours.
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