SMRK VC Fund

SMRK VC Fund is a venture capital firm based in Kyiv, Ukraine, established in 2013 by Oleksandr Kosovan and Andriy Dovzhenko. The firm specializes in investing in pre-seed, seed, and early-stage companies, primarily focusing on information technology startups. Its investment strategy encompasses a diverse range of sectors, including software for mobile operating systems, casual and business software, and services aimed at both consumers and businesses. SMRK VC Fund targets projects based in Ukraine, Russia, Belarus, and Central Europe, while also considering opportunities in other regions. The firm typically invests between $0.1 million and $1 million, seeking to acquire a minority stake in its portfolio companies. Notable projects funded by SMRK 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 Ukraine

Carbominer

Seed Round in 2022
Carbominer is a climate tech startup founded in 2020 and based in Kiev, Ukraine, specializing in the development of industrial modules for direct air capture (DAC) of carbon dioxide. The company provides green CO₂ as a service to commercial clients, particularly greenhouse operators, who are looking to enhance their sustainability efforts. Carbominer's innovative technology is designed to capture CO₂ from the atmosphere using modular, transportable 20ft shipping containers, which can operate on inexpensive, intermittent renewable energy. This approach eliminates the need for liquefaction, storage, and transportation, thereby reducing costs associated with carbon capture. The company aims to support various sectors, including indoor agriculture and the construction industry, by offering a cost-effective and environmentally friendly alternative to traditional carbon capture methods.

Carbominer

Seed Round in 2022
Carbominer is a climate tech startup founded in 2020 and based in Kiev, Ukraine, specializing in the development of industrial modules for direct air capture (DAC) of carbon dioxide. The company provides green CO₂ as a service to commercial clients, particularly greenhouse operators, who are looking to enhance their sustainability efforts. Carbominer's innovative technology is designed to capture CO₂ from the atmosphere using modular, transportable 20ft shipping containers, which can operate on inexpensive, intermittent renewable energy. This approach eliminates the need for liquefaction, storage, and transportation, thereby reducing costs associated with carbon capture. The company aims to support various sectors, including indoor agriculture and the construction industry, by offering a cost-effective and environmentally friendly alternative to traditional carbon capture methods.

Carbominer

Seed Round in 2021
Carbominer is a climate tech startup founded in 2020 and based in Kiev, Ukraine, specializing in the development of industrial modules for direct air capture (DAC) of carbon dioxide. The company provides green CO₂ as a service to commercial clients, particularly greenhouse operators, who are looking to enhance their sustainability efforts. Carbominer's innovative technology is designed to capture CO₂ from the atmosphere using modular, transportable 20ft shipping containers, which can operate on inexpensive, intermittent renewable energy. This approach eliminates the need for liquefaction, storage, and transportation, thereby reducing costs associated with carbon capture. The company aims to support various sectors, including indoor agriculture and the construction industry, by offering a cost-effective and environmentally friendly alternative to traditional carbon capture methods.

Carbominer

Seed Round in 2020
Carbominer is a climate tech startup founded in 2020 and based in Kiev, Ukraine, specializing in the development of industrial modules for direct air capture (DAC) of carbon dioxide. The company provides green CO₂ as a service to commercial clients, particularly greenhouse operators, who are looking to enhance their sustainability efforts. Carbominer's innovative technology is designed to capture CO₂ from the atmosphere using modular, transportable 20ft shipping containers, which can operate on inexpensive, intermittent renewable energy. This approach eliminates the need for liquefaction, storage, and transportation, thereby reducing costs associated with carbon capture. The company aims to support various sectors, including indoor agriculture and the construction industry, by offering a cost-effective and environmentally friendly alternative to traditional carbon capture methods.

Esper Bionics

Seed Round in 2020
Esper Bionics is an engineering company based in Kyiv, Ukraine, founded in 2018. It specializes in developing advanced prosthetics for orthopedics and neurology, with a focus on human enhancement devices. The company's products include the Esper Hand, a bionic self-learning hand prosthesis registered with the FDA, and the Esper Control, a wearable brain-computer interface. Additionally, Esper Bionics offers solutions in mechatronics, neural implants, and wearable electronics, utilizing technologies such as digital signal processing, artificial intelligence, data collection, and low-power electronics. Their innovations aim to provide users with limb differences enhanced control and functionality in everyday tasks.

Carbominer

Pre Seed Round in 2020
Carbominer is a climate tech startup founded in 2020 and based in Kiev, Ukraine, specializing in the development of industrial modules for direct air capture (DAC) of carbon dioxide. The company provides green CO₂ as a service to commercial clients, particularly greenhouse operators, who are looking to enhance their sustainability efforts. Carbominer's innovative technology is designed to capture CO₂ from the atmosphere using modular, transportable 20ft shipping containers, which can operate on inexpensive, intermittent renewable energy. This approach eliminates the need for liquefaction, storage, and transportation, thereby reducing costs associated with carbon capture. The company aims to support various sectors, including indoor agriculture and the construction industry, by offering a cost-effective and environmentally friendly alternative to traditional carbon capture methods.

TurnKey Lender

Seed Round in 2016
Turnkey Lender is a global technology company that specializes in developing and marketing cloud-based platforms for automating lending processes. Established in 2014, the company offers modular solutions that cater to various lending sectors, including consumer lending, microfinance, payday loans, and more. Its AI-powered software automates the entire lending process, from origination and underwriting to loan servicing, debt collection, and reporting. Turnkey Lender serves innovative lenders in over 50 countries, with offices in the US, Singapore, Malaysia, Ukraine, and Poland.

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 designer and manufacturer of advanced smart security systems and sensors, primarily for residential applications. Established in 2011 and headquartered in Kyiv, Ukraine, the company provides a range of products including wireless window and door opening sensors, movement detectors, leak and fire detectors, and glass protectors. Ajax Systems also offers hubs that allow clients to integrate and manage multiple devices within their security systems, enhancing communication and control. With a focus on innovation and reliability, Ajax Systems serves customers across Europe, aiming to enhance home security through cutting-edge technology.

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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