Adventures Lab

Adventures Lab is a venture capital fund established in 2019 and based in Kyiv, Ukraine. The firm focuses on investing in early, growth, and late-stage businesses, particularly in fast-growing B2C and B2B technology sectors. It supports motivated but struggling entrepreneurs by leveraging its business expertise and global partnership network. The fund provides investments of up to $500,000 for early-stage companies, $1 million for growth-stage businesses, and $3 million for late-stage ventures. Areas of interest include affiliate marketing, MarTech, mobile applications, gaming, digital health, content creation, health and beauty, and pet products and services. Additionally, Adventures Lab operates as a web 3 venture builder, further diversifying its investment strategy and supporting innovation in the tech industry.

Ruslan Drozdov

Partner

Andrew Krivorchuk

Managing Partner

Past deals in Ukraine

Reface

Pre Seed Round in 2019
Reface offers state-of-the-art technology for high-quality face-swapping. Based on GAN (generative adversarial networks) methodology, it works fast and you need only one photo to make a high-quality face-swap. Reface strives to build the first social platform of dynamically personalized media content empowered with machine learning technology. Launched in January 2020, it was ranked as a number one in the US AppStore. The app was downloaded over 70 million times in seven months after it launched. Reface was founded by Roman Mogylnyi, Oles Petriv, Yaroslav Boyko, Denys Dmytrenko, Kyrylo Syhyda, Dima Shvets and Ivan Altsybeiev. Data protection is a social responsibility for Reface. We do not use data for any other purposes except for face-swapping. Work with the B2B segment includes ready-to-use technology and tools for businesses. Reface provides tools for creators to produce great content while keeping the costs down. It’s aimed at advertising and marketing, media, streaming, game development, video production industries, and more.