The Untitled Ventures

The Untitled Ventures is a venture capital firm established in 2010, headquartered in London, UK, with additional offices in Riga, Latvia, and Moscow, Russia. The firm specializes in investing in seed, early, and growth-stage companies, with a focus on innovative technology projects structured under Russian, English, and American law. It primarily invests in companies operating in Eastern Europe, Russia, Belarus, and Ukraine, but also considers opportunities from Western Europe. The Untitled Ventures seeks to back companies entering new markets with proven products, typically investing $0.15 million to $2 million in return for minority stakes ranging from 15% to 30%. The firm offers various investment programs, including The Untitled Seed, The Untitled Club, The Untitled Money, and U Growth, catering to different stages of a company's development.

Mark Cowley

Managing Director

Ksenia Golubeva

Managing Director

Igor Lutz

Co-Founder and Partner

23 past transactions

Naco

Seed Round in 2025
Naco Technologies Ltd is a manufacturer and supplier of advanced nano-coating technologies, specializing in high-performance coatings for various industries including tooling, automotive, aerospace, and microchip production. Founded in 2009 and headquartered in Riga, Latvia, Naco develops multilayer and multicomponent coatings that enhance equipment performance by providing oil-enhanced, wear-protective, thermal barrier, and liquid-repellent properties. The company plays a significant role in the hydrogen sector by creating specialized coatings for Green Hydrogen systems, such as electrolyzers and fuel cells, which improve the reliability of these systems while minimizing the use of costly and scarce materials. In 2015, Naco Technologies was acquired by the Schaeffler Group, a Germany-based company, further strengthening its capabilities and market reach.

Naco

Seed Round in 2023
Naco Technologies Ltd is a manufacturer and supplier of advanced nano-coating technologies, specializing in high-performance coatings for various industries including tooling, automotive, aerospace, and microchip production. Founded in 2009 and headquartered in Riga, Latvia, Naco develops multilayer and multicomponent coatings that enhance equipment performance by providing oil-enhanced, wear-protective, thermal barrier, and liquid-repellent properties. The company plays a significant role in the hydrogen sector by creating specialized coatings for Green Hydrogen systems, such as electrolyzers and fuel cells, which improve the reliability of these systems while minimizing the use of costly and scarce materials. In 2015, Naco Technologies was acquired by the Schaeffler Group, a Germany-based company, further strengthening its capabilities and market reach.

Vama

Seed Round in 2023
Vama is a virtual platform that connects users with a range of spiritual services, including e-pujas, e-darshans, and astrology. Catering to devotees both in India and globally, Vama facilitates access to professional astrologers through various communication methods such as calls, messages, and video calls. The platform also provides horoscope predictions, informative videos, blogs, and practical tips, enabling users to seek guidance on various aspects of life, including career, marriage, health, finances, and relationships. By combining these services, Vama aims to create a comprehensive and accessible resource for individuals seeking spiritual insights and support.

Naco

Seed Round in 2022
Naco Technologies Ltd is a manufacturer and supplier of advanced nano-coating technologies, specializing in high-performance coatings for various industries including tooling, automotive, aerospace, and microchip production. Founded in 2009 and headquartered in Riga, Latvia, Naco develops multilayer and multicomponent coatings that enhance equipment performance by providing oil-enhanced, wear-protective, thermal barrier, and liquid-repellent properties. The company plays a significant role in the hydrogen sector by creating specialized coatings for Green Hydrogen systems, such as electrolyzers and fuel cells, which improve the reliability of these systems while minimizing the use of costly and scarce materials. In 2015, Naco Technologies was acquired by the Schaeffler Group, a Germany-based company, further strengthening its capabilities and market reach.

Wizart

Seed Round in 2022
Wizart is a developer of innovative digital solutions aimed at revolutionizing the home improvement industry, particularly in the selling of building materials and home decor. The company harnesses advanced technologies, including augmented reality and computer vision, to enhance the shopping experience for consumers and streamline collaboration between manufacturers and retailers. Wizart's offerings include a visualizer tool that allows customers to visualize products in their own spaces, a material cloud that provides rich media and SEO-optimized product descriptions, and a customizable Vision API for creating 3D room layouts. By integrating these solutions, Wizart seeks to elevate the DIY industry and establish a new standard for how building materials and home decor are marketed and sold.

Sportrecs

Seed Round in 2020
Sportrecs LLC is an online sports video platform based in Moscow, Russia, that specializes in video streaming services for various sports. The company provides a marketplace solution along with free tools designed for sports organizations to generate, distribute, and monetize their video content. Sportrecs' platform allows copyright holders to publish videos of diverse sports, including football, basketball, rugby, and boxing, facilitating secure broadcasting of live games and events. By enabling access to global sports content, Sportrecs serves both consumers seeking engaging sports footage and organizations looking to leverage their media assets.

110 Industries

Pre Seed Round in 2019
110 Industries Limited is a gaming company based in London, United Kingdom, that develops, publishes, and distributes video games for gaming consoles and cloud gaming services. Established in 2017, the company focuses on creating engaging entertainment experiences that resonate with players. Committed to producing AAA video games, 110 Industries emphasizes a strong artistic vision and narrative-driven design in its projects. The company values community involvement and fosters a collaborative environment among its employees and partners, believing that creativity and teamwork are essential to its success. By providing tailored solutions in the gaming industry, 110 Industries aims to deliver high-quality visual entertainment while maintaining a close connection to the communities in which it operates.

LoyaltyLab

Seed Round in 2018
LoyaltyLab is a company focused on enhancing the retail customer experience through advanced personalization tools. By analyzing transactional data and integrating external information, LoyaltyLab predicts customer behavior, including the timing of future visits and the composition of purchases. This predictive analytics approach enables retailers to engage customers at optimal moments, reducing the prevalence of irrelevant communications that often lead to dissatisfaction. The company’s solutions facilitate tailored recommendations, helping retailers understand and anticipate customer needs, which can drive turnover growth and increase revenue. By effectively utilizing data to enhance customer interactions, LoyaltyLab aims to transform the retail landscape, ultimately fostering greater customer loyalty and satisfaction.

FIXAR

Pre Seed Round in 2018
FIXAR is a prominent developer of autonomous aerial drones tailored for industrial applications and commercial services. The company specializes in creating innovative software and aircraft designs that address various challenges, including aerial photography, laser scanning, real-time monitoring, delivery, agriculture, and the anti-drone sector. FIXAR's drones enhance flight performance and offer economic advantages, enabling industrial operators to utilize unmanned aerial vehicles effectively for diverse professional tasks. By focusing on customer needs, FIXAR delivers solutions that improve efficiency and reliability compared to existing alternatives.

Data Screen

Convertible Note in 2018
Data Screen Inc. is a software development company based in Dover, Delaware, founded in 2016. It specializes in creating cloud-based solutions that streamline the processes of digital content distribution. Through its system as a software (SaaS) offering, Data Screen automates the collection and management of raw data from licensees via a dual-direct Application Programming Interface (API). This technology allows right holders to access comprehensive sales and consumption data for all licenses on a daily basis. Additionally, Data Screen enables users to manage license terms and obtain verified sales reports for royalty calculations and statements, all through a single, intelligent interface. By replacing complex manual processes, Data Screen enhances efficiency and transparency in the digital content licensing landscape.

Data Screen

Convertible Note in 2018
Data Screen Inc. is a software development company based in Dover, Delaware, founded in 2016. It specializes in creating cloud-based solutions that streamline the processes of digital content distribution. Through its system as a software (SaaS) offering, Data Screen automates the collection and management of raw data from licensees via a dual-direct Application Programming Interface (API). This technology allows right holders to access comprehensive sales and consumption data for all licenses on a daily basis. Additionally, Data Screen enables users to manage license terms and obtain verified sales reports for royalty calculations and statements, all through a single, intelligent interface. By replacing complex manual processes, Data Screen enhances efficiency and transparency in the digital content licensing landscape.

Mirow

Convertible Note in 2018
Mirow LLC is a New York-based company founded in 2016 that specializes in manufacturing smart mirrors for fitting rooms, designed to enhance the retail experience. These interactive mirrors utilize touch technology and sensors to identify customer preferences, offering personalized recommendations, information on discounts, and automated assistance. Customers can easily call for sales support or request items in different sizes or colors directly from the fitting room. Mirow's innovative approach not only improves the quality of service but also provides retailers with valuable insights into customer behavior and preferences. The company has gained recognition in the retail and hospitality sectors and is expanding its presence in both the US and EU markets, serving a range of top-tier brands.

Sizolution

Seed Round in 2017
Sizolution is a technology company specializing in personalized size and fit assistance for the fashion industry. It offers a platform featuring 3D body scanning and AI-driven personalization tools, enabling fashion retailers to enhance customer experience, increase sales, and minimize return rates by providing tailored product recommendations based on individual customers' measurements and preferences.

ASAP

Seed Round in 2017
ASAP is a developer of a restaurant management platform that aims to enhance the food ordering experience for both employees and restaurant owners. The platform provides a mobile application for employees to pay with bonuses, order ahead, or arrange office delivery. Additionally, it offers a web interface for office managers to conveniently order various food options, including breakfasts, lunches, and snacks. For restaurant owners, ASAP equips them with tools to implement loyalty programs and create personalized menus, allowing regular customers to easily order their preferred items and generate bills swiftly. Overall, ASAP seeks to streamline food ordering in business districts, making it more efficient and tailored to individual needs.

Inspector Cloud

Pre Seed Round in 2017
Inspector Cloud is a technology company that specializes in developing a cloud platform designed to automate retail audits and enhance data collection from retail locations. Founded in 2016 and based in Moscow, Russia, the company utilizes artificial intelligence to create digital models of retail outlets and display real-time analytics. Its software allows field personnel to upload shelf images via multiple formats, including popular messaging applications. The platform identifies stock keeping units and price tags within the images, streamlining the auditing process. By offering advanced image recognition services, Inspector Cloud aims to set the industry standard for retail merchandising and reporting, ultimately helping brands and retailers reduce manual inventory efforts and improve sales efficiency.

Sarafan Technology

Pre Seed Round in 2017
Sarafan Technology specializes in the development of Sarafan.AI, an advanced artificial intelligence system that enables real-time object recognition in video content, as well as similarity-based searches and text generation. The company's flagship product is a virtual search assistant that enhances video content by providing contextual information and shoppable features. This assistant analyzes on-screen events to answer user inquiries about people, products, and movie details, thereby enriching the viewing experience and distinguishing its offerings from competitors. Additionally, Sarafan Technology offers video recognition tools designed for various businesses, facilitating the recognition of new object categories within a short timeframe. These tools contribute to improved operational efficiency, loss prevention, and labor security, ultimately delivering significant cost savings and enhanced advertising effectiveness.

Driveback

Seed Round in 2016
Driveback is a company founded in 2014 and headquartered in Russia that specializes in real-time marketing solutions for online businesses. It offers a behavioral marketing and on-site personalization platform aimed at enhancing consumer engagement and customer loyalty. Driveback's technology allows online retailers and marketers to optimize their websites through methods such as A/B testing, interactive user engagement, and content personalization. By employing these tools, Driveback enables its clients to improve their sales performance and increase revenue from their online platforms.

E-Contenta

Seed Round in 2016
E-Contenta is a Russian company that specializes in developing and marketing a personalized recommendation service for digital media websites and mobile applications. Founded in 2016, the company offers an AI-driven platform that facilitates the distribution of editorial content in the form of native advertising. E-Contenta collaborates with notable brands such as SEMrush, Beeline, Whiskas, Pedigree, and PepsiCo, as well as media buying agencies like MGroup, Publicis, Dentsu, and OMD. The platform analyzes user behavior to predict individual preferences for content consumption, thereby enhancing personalized marketing strategies for clients. By integrating corporate media and blogs into brand communication, E-Contenta aims to improve key engagement metrics, including pages per session, time spent on blogs, and subscription rates.

JungleJobs

Seed Round in 2015
JungleJobs is a Moscow-based recruitment services provider that operates an online marketplace, connecting employers with recruiters across various industries throughout Russia and the CIS. The platform facilitates effective communication by enabling employers to easily identify recruiters with niche specializations, while allowing recruiters to discover interesting job vacancies. By uniting diverse job openings and reliable recruiters, JungleJobs enhances the recruitment process, offering employers greater access to professional recruitment services and providing recruiters with new income opportunities. The company's innovative approach and use of modern technology aim to elevate the overall recruitment landscape.

GBooking

Seed Round in 2015
GBooking Ltd. is a company that specializes in developing an online booking and appointment scheduling system tailored for various industries, including healthcare, automotive, food, sports and fitness, legal services, government, education, and beauty care. Founded in 2010 and headquartered in Providence, Rhode Island, GBooking aims to optimize the buyer-seller relationship by enhancing convenience and efficiency in service selection. The platform allows users to search, compare, and book a diverse range of services while also serving as a marketing channel for small and medium enterprises. Through its innovative approach, GBooking enables businesses to convert missed leads into paying customers and effectively manage their customer interactions, ultimately maximizing profitability and improving user experience.

GBooking

Seed Round in 2013
GBooking Ltd. is a company that specializes in developing an online booking and appointment scheduling system tailored for various industries, including healthcare, automotive, food, sports and fitness, legal services, government, education, and beauty care. Founded in 2010 and headquartered in Providence, Rhode Island, GBooking aims to optimize the buyer-seller relationship by enhancing convenience and efficiency in service selection. The platform allows users to search, compare, and book a diverse range of services while also serving as a marketing channel for small and medium enterprises. Through its innovative approach, GBooking enables businesses to convert missed leads into paying customers and effectively manage their customer interactions, ultimately maximizing profitability and improving user experience.

RecruitLoop

Seed Round in 2013
RecruitLoop is an online recruitment platform that offers a curated marketplace of independent recruiters available on-demand at hourly rates. Founded in Australia in 2011 and later establishing its headquarters in San Francisco, the company aims to reduce recruitment costs for employers by 80-90% compared to traditional recruitment agencies. Through its platform, employers can connect with expert recruiters to outsource various aspects of the hiring process. The service includes an automated video interview product, allowing for efficient candidate screening. By combining technology, data, and human expertise, RecruitLoop provides a streamlined hiring solution for organizations of all sizes, addressing the challenges of costly recruitment agencies and the time-consuming nature of do-it-yourself hiring.

Endorphin

Seed Round in 2012
Endorphin is a cloud-based platform with Open API for digital footprints evaluation. The platform specializes in big social data scoring. Endorphin provides its users with B2B services such as smart social customer segmentation service for e-commerce. It also offers B2C services, including mobile applications for smart social search among first and second degree connections. The platform was launched in 2012 by Artem Zavyalov and Victor Strelbitsky and is based in San Francisco, California.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.