Untitled Ventures raises $118.3M for its second fund

SaaS News -London-based-Untitled-Ventures-raised-€100-million-for-its-second-fund-to-invest-in-ambitious-deep-tech-startups-from-Eastern-Europe-_-EU-Startup(source: SaaS Industry)
At a Glance

Untitled Ventures has announced its second fund of USD 118.3 million. It will collaborate with InnMind to deliver high-quality deep tech startup deal-flow to the fund’s pipeline.

The Untitled Ventures, a London-based VC firm, has announced that it has raised €100 million (approx. USD 118.3 million) for its second fund. It will invest in deep-tech businesses created by globally-minded Eastern European entrepreneurs that want to expand their business in Western Europe or the United States.

B2B AI-powered companies with demonstrated traction from the Baltics, CIS, and CEE and those already established in the west will be given priority, disrupting the agritech, medtech, robotics, and data management industries.

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 helping scale deep tech companies to bring them to the right markets and in front of the right people.

Konstantin Siniushin, a managing partner at Untitled Ventures

Vladimir Vedeenev, the creator of Global Network Management, which provides telecom services in the EU, the United States, and Singapore, is one of Untitled’s Limited Partners. Google, Telegram Messenger, Facebook, Twitch, DigitalOcean, IP-Only, CenturyLinks, Vodafone, and TelecomItaly are a few of their significant partners. Mr. Vedeenv will provide his extensive tech experience as the Head of Technology at Untitled Ventures in addition to his investment.  

Untitled Ventures has a strong network in the region and is a partner of EMERGE, a worldwide digital product convention that brings together entrepreneurs, tech talent, investors, and scientists. This year, the fund assisted in creating the EMERGE 100 Report, a ranking of emerging businesses in Eastern Europe and the Commonwealth of Independent States.

With over ten unicorns, €1 billion [approx. USD 1.1 billion] 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.

Oskar Stachowiak, a managing partner at Untitled Ventures

Untitled Ventures also collaborates with InnMind, a deal-origination platform for European tech companies and venture capitalists, to deliver high-quality deep tech startup deal-flow to the fund’s pipeline.

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