HomePolandSmok Ventures Closes Second Fund, at $25M

Smok Ventures Closes Second Fund, at $25M

Smok Ventures

Smok Ventures, a Warsaw, Poland-based venture capital firm, closed its second fund, at $25m.

Limited Partners include 50+ founders from Poland, Slovenia, Romania, Czech Republic, Slovakia, US and elsewhere across the globe.

The firm wants to back early-stage SaaS, AI and gaming startups from across Central/ Eastern Europe and the region’s diaspora abroad.

The fund plans to invest in 25-35 pre-seed and seed startups, with cheques of $100k-1m.

Led by managing partners Diana Koziarska, Borys Musielak, and Paul Bragiel, Smok is a venture capital firm investing 100k-1M EUR in early stage software startups in Central & Eastern Europe. In details, the firm’s initial ticket size is between 100-500k EUR for pre-seed and 500k-1M EUR for seed. The firm has on average taken between 5% and 20% in initial investments.

Have a look at the portfolio here.

FinSMEs

30/01/2024