London-based Untitled Ventures raised €100 million for its second fund to invest in ambitious deep tech startups from Eastern Europe
Summary
It will invest in deep-tech startups founded by globally-minded Eastern European entrepreneurs who are looking to relocate their business and accelerate their growth in Western Europe or the USA. Konstantin Siniushin, Managing Partner at Untitled Ventures, stated: “Deep tech startups contribute to solving the world’s biggest challenges. We are committed to help scale deep tech companies to bring them to the right markets and in front of the right people.” The priority will be given to B2B AI-powered startups with proven traction emerging from the Baltics, CIS and CEE, as well as already established in the west, disrupting agritech, medtech, robotics and data management industries. 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.” Among Untitled’s Limited Partners are names like Vladimir Vedeenev, a founder of Global Network Management, which provides telecom services in the EU, USA, and Singapore. Their key partners are Google, Telegram Messenger, Facebook, Twitch, DigitalOcean, IP-Only, CenturyLinks, Vodafone, TelecomItaly, to name a few.