The Untitled Ventures: Company Profile

Background

Mission and Vision

The Untitled Ventures is a venture capital firm established in 2011, dedicated to assisting technology startups in transforming advanced technologies into real-world products. The firm focuses on B2B innovations such as artificial intelligence (AI), computer vision, robotics, agritech, medtech, and data management. Operating from Luxembourg, The Untitled Ventures leverages its strategic location to access leading European startup events and maintain strong connections within investor communities.

Industry Significance

Since its inception, The Untitled Ventures has invested in a growing number of technology startups, many of which have successfully expanded into international markets, delivering consistently robust portfolio growth. The firm's first fund achieved a Total Value to Paid-In (TVPI) multiple of 10.9, reflecting its effective investment strategy and commitment to fostering innovation.

Key Strategic Focus

Core Objectives

The Untitled Ventures aims to support early-growth stage startups from Eastern Europe, particularly those founded by expats, by providing capital and strategic guidance to help them scale internationally. The firm seeks to bridge the gap between Eastern and Western Europe, facilitating the relocation and establishment of startups in Western markets.

Areas of Specialization

The firm's investment focus includes:

Artificial Intelligence (AI): Investing in startups developing AI-driven solutions across various industries.

Computer Vision: Supporting companies creating technologies that enable machines to interpret and process visual information.

Robotics: Backing firms innovating in robotic technologies for industrial and commercial applications.

Agritech: Funding startups that apply technology to improve agricultural practices and productivity.

Medtech: Investing in medical technology companies developing innovative healthcare solutions.

Data Management: Supporting firms specializing in data storage, analysis, and management solutions.

Key Technologies Utilized

The Untitled Ventures leverages its expertise in deep technology sectors to identify and support startups with innovative products and global ambitions. The firm's operational hubs in Luxembourg enable it to maintain and expand its professional network, access leading European startup events, and remain at the heart of investor communities.

Primary Markets Targeted

The firm primarily targets startups from Eastern Europe, including Russia, Belarus, and Ukraine, that are looking to relocate or have already established a presence in Western Europe or the United States. This focus allows The Untitled Ventures to tap into a pool of high-skilled developers and innovative companies emerging from these regions.

Financials and Funding

Total Funds Raised

The Untitled Ventures has raised a total of €100 million across its funds, with the second fund closing at €100 million in July 2021.

Recent Funding Rounds

Second Fund (2021): Raised €100 million to invest in deep tech startups founded in Eastern Europe with aspirations to relocate or establish headquarters in Western Europe or the U.S.

Notable Investors

The firm's limited partners include Vladimir Vedeenev, founder of Global Network Management, and partners such as Google, Telegram Messenger, Facebook, Twitch, DigitalOcean, IP-Only, CenturyLink, Vodafone, and Telecom Italia.

Utilization of Capital

The capital raised is utilized to support early-growth stage startups from Eastern Europe, focusing on sectors such as AI, computer vision, robotics, agritech, medtech, and data management. The firm provides investments typically ranging from €500,000 to €2 million, aiming to help startups scale internationally and establish a presence in Western markets.

Pipeline Development

Key Pipeline Candidates

The Untitled Ventures has invested in several notable startups, including:

Sizolution: An AI-driven size prediction engine based in Germany.

Pure App: A spontaneous and impersonal dating app based in Portugal.

Fixar Global: Develops efficient drones for commercial use-cases, based in Latvia.

E-Contenta: A personalized recommendation service for digital media websites and mobile applications, based in Russia.

SuitApp: Provides AI-based mix-and-match suggestions for fashion retail, based in Singapore.

Sarafan.tech: Specializes in AI-driven recognition, based in the USA.

Hello, Baby: A parental assistant application, based in the USA.

Voximplant: A voice, video, and messaging cloud communication platform, based in the USA (exited).

Stages of Development

The firm's portfolio includes companies at various stages, from pre-seed to Series A, reflecting its commitment to supporting startups throughout their growth journey.

Target Conditions

The Untitled Ventures focuses on startups with proven traction, aiming to help them enter new markets and scale internationally. The firm seeks companies with innovative products and talented teams that have global ambitions.

Anticipated Milestones

While specific timelines for anticipated milestones are not publicly disclosed, the firm's investment strategy emphasizes supporting startups in achieving significant growth and establishing a strong presence in Western markets.

Technological Platform and Innovation

Proprietary Technologies

The Untitled Ventures does not publicly disclose proprietary technologies. However, the firm leverages its expertise in deep technology sectors to identify and support startups with innovative products and global ambitions.

Significant Scientific Methods

The firm employs a rigorous investment approach, focusing on sectors such as AI, computer vision, robotics, agritech, medtech, and data management. This approach involves thorough due diligence and strategic support to help startups scale internationally.

AI-Driven Capabilities

While The Untitled Ventures does not publicly disclose specific AI-driven capabilities, its focus on deep tech sectors suggests an emphasis on supporting startups that leverage AI and related technologies.

Leadership Team

Key Executives

Konstantin Siniushin: Managing Partner; a serial tech entrepreneur with experience in structuring businesses in European countries and assisting startups in establishing a global presence.

Oskar Stachowiak: Managing Partner; an experienced fund manager with a focus on early-stage investments in deep tech startups.

Mary Glazkova: PR & Communications veteran; responsible for managing public relations and communications strategies.

Anton Antich: Early-stage investor and former VP of Veeam; focuses on early-stage investments and has experience in taking tech companies international.

Yulia Druzhnikova: Experienced in taking tech companies international; supports startups in expanding their global reach.

Mark Cowley: Has worked on private and listed investments within CEE/Russia for over 20 years; provides strategic guidance to portfolio companies.

Competitor Profile

Market Insights and Dynamics

The venture capital landscape is highly competitive, with numerous firms targeting early-stage technology startups. The Untitled Ventures differentiates itself by focusing on deep tech sectors and startups from Eastern Europe aiming to establish a presence in Western markets.

Competitor Analysis

Key competitors include: