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

Managing Partner

Vlad Tislenko

Partner

Past deals in Eastern Europe

Carbominer

Seed Round in 2022
Carbominer is a climate technology startup founded in 2020 and based in Kiev, Ukraine, that specializes in developing industrial modules for capturing carbon dioxide directly from the atmosphere. The company targets greenhouse operators and other commercial clients aiming to enhance their sustainability efforts by providing green CO₂ as a service. Carbominer's modular Direct Air Capture (DAC) technology is designed for ease of installation, being embedded in transportable shipping containers. This innovative approach allows users to harness inexpensive intermittent renewable electricity for carbon capture, eliminating the need for liquefaction, storage, and transportation, thereby reducing costs. The technology has potential applications in various sectors, including indoor agriculture and the decarbonization of the construction industry, offering a practical and environmentally friendly alternative to traditional carbon capture methods.

Carbominer

Seed Round in 2022
Carbominer is a climate technology startup founded in 2020 and based in Kiev, Ukraine, that specializes in developing industrial modules for capturing carbon dioxide directly from the atmosphere. The company targets greenhouse operators and other commercial clients aiming to enhance their sustainability efforts by providing green CO₂ as a service. Carbominer's modular Direct Air Capture (DAC) technology is designed for ease of installation, being embedded in transportable shipping containers. This innovative approach allows users to harness inexpensive intermittent renewable electricity for carbon capture, eliminating the need for liquefaction, storage, and transportation, thereby reducing costs. The technology has potential applications in various sectors, including indoor agriculture and the decarbonization of the construction industry, offering a practical and environmentally friendly alternative to traditional carbon capture methods.

Carbominer

Seed Round in 2021
Carbominer is a climate technology startup founded in 2020 and based in Kiev, Ukraine, that specializes in developing industrial modules for capturing carbon dioxide directly from the atmosphere. The company targets greenhouse operators and other commercial clients aiming to enhance their sustainability efforts by providing green CO₂ as a service. Carbominer's modular Direct Air Capture (DAC) technology is designed for ease of installation, being embedded in transportable shipping containers. This innovative approach allows users to harness inexpensive intermittent renewable electricity for carbon capture, eliminating the need for liquefaction, storage, and transportation, thereby reducing costs. The technology has potential applications in various sectors, including indoor agriculture and the decarbonization of the construction industry, offering a practical and environmentally friendly alternative to traditional carbon capture methods.

Carbominer

Seed Round in 2020
Carbominer is a climate technology startup founded in 2020 and based in Kiev, Ukraine, that specializes in developing industrial modules for capturing carbon dioxide directly from the atmosphere. The company targets greenhouse operators and other commercial clients aiming to enhance their sustainability efforts by providing green CO₂ as a service. Carbominer's modular Direct Air Capture (DAC) technology is designed for ease of installation, being embedded in transportable shipping containers. This innovative approach allows users to harness inexpensive intermittent renewable electricity for carbon capture, eliminating the need for liquefaction, storage, and transportation, thereby reducing costs. The technology has potential applications in various sectors, including indoor agriculture and the decarbonization of the construction industry, offering a practical and environmentally friendly alternative to traditional carbon capture methods.

Esper Bionics

Seed Round in 2020
Esper Bionics is a Ukrainian company founded in 2018 that specializes in the development of advanced prosthetics and human enhancement devices. The company focuses on creating bionic limbs and controllers, particularly its flagship product, the Esper Hand, which is a self-learning myoelectric hand prosthesis. Esper Bionics also offers the Esper Control, a wearable brain-computer interface, and the Esper Platform, a cloud-based software solution designed to customize the operation of these devices. By integrating technologies such as digital signal processing, artificial intelligence, and low-power electronics, the company aims to enhance the functionality and adaptability of its products, providing users with improved control and ease in daily activities. Their innovative approach includes features that allow bionic hands to automatically adjust grips, catering to a range of user needs.

Carbominer

Pre Seed Round in 2020
Carbominer is a climate technology startup founded in 2020 and based in Kiev, Ukraine, that specializes in developing industrial modules for capturing carbon dioxide directly from the atmosphere. The company targets greenhouse operators and other commercial clients aiming to enhance their sustainability efforts by providing green CO₂ as a service. Carbominer's modular Direct Air Capture (DAC) technology is designed for ease of installation, being embedded in transportable shipping containers. This innovative approach allows users to harness inexpensive intermittent renewable electricity for carbon capture, eliminating the need for liquefaction, storage, and transportation, thereby reducing costs. The technology has potential applications in various sectors, including indoor agriculture and the decarbonization of the construction industry, offering a practical and environmentally friendly alternative to traditional carbon capture methods.

Turnkey Lender

Seed Round in 2016
Turnkey Lender Inc. develops cloud-based loan management solutions tailored for online lending, focusing on risk management and financial decision automation for non-bank lenders and microfinance institutions. Headquartered in Campbell, California, the company provides AI-powered end-to-end lending automation that covers the entire lending process, from origination and underwriting to loan servicing, debt collection, and reporting. Turnkey Lender's software supports a diverse range of loan products, including consumer loans, microfinance, payday loans, auto loans, mortgages, and more. Its flexible no-code SaaS platform allows clients to easily adapt the system to various lending categories, serving innovative lenders in over 50 countries through offices in the United States, 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 manufactures smart security systems and sensors for homes. It offers wireless window and door opening sensors and movement sensors. The company was founded in 2011 and is based in Kyiv, Ukraine.

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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