Fundraising Fox
Warsaw · Pre-Seed–Seed · 8 people tracked
Also known as SMOK
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Investment thesis
SMOK Ventures invests in early-stage technology companies across Central & Eastern Europe and the region's diaspora, writing checks of roughly EUR 100k to EUR 1M. The fund concentrates primarily on software development tools and artificial intelligence. It prefers to partner with serial entrepreneurs who hold a global vision and aim to build category leaders within their industries.
Source: firm website, verified Aug 3, 2026.
Team · 8 people
from the firm's website
What they invest in
from 19 of 26 portfolio companiesSaaS ×11AI & Machine Learning ×9Enterprise Software ×5E-commerce ×4Fintech ×3Cloud Computing ×2Cybersecurity ×2Developer Tools ×2
HQs:Poland×7Netherlands×2European Union×1United Kingdom×1United States×1
Investments · 26 tracked
founders shown can be your intro pathBy year:2026 · 42025 · 32024 · 22023 · 22022 · 32021 · 22020 · 117 dated
LetsData develops Vantage, a platform for detecting coordinated disinformation and information operations by monitoring the infrastructure and machinery behind narratives rather than just keywords or content.
AI & Machine LearningCybersecurityDefense TechGovTech
Ksenia Iliuk(Co-founder)inAndriy Kusyy(Co-founder)in
Co-investors1991 VenturesTilia Impact VenturesStartup Wise GuysWayraTilia Impact Partners
Peak is a venture capital firm investing in early-stage software companies in the Benelux and DACH regions, with a focus on B2B SaaS, AI, EdTech, and the future of work.
E-commerceEnterprise SoftwareMarketplacesSaaSAmsterdam, NL
Johan van MilHeleen Dura – van OordLeszek Zawadzki(Co-founder & CEO)Alina Prelicz(Co-founder & COO)Paweł Tatarczuk(Co-founder & CTO)Stefan Bary(General Partner)in
Co-investorsFJ LabsLakestarMarket One Capitalbacktrace capitalWave VenturesPembroke VCT+1 more
Alokai develops frontend software for ecommerce retailers to build fast, modern online storefronts using composable commerce and headless architecture.
AI & Machine LearningCloud ComputingDeveloper ToolsE-commerceEnterprise SoftwareRetail TechSaaSWarsaw, PL
Patrick Friday(Founder)inFilip Rakowski(Founder)inBart Roszkowski(Founder)inBartlomiej Roszkowski(Founder)Patrik Friday(Founder)Filip Rakowski Patrick Friday(Founder)
PartnerBorys Musielak· led
Co-investorsFELIX CAPITALMovens CapitalSAV (Scale Asia Ventures)SquareOneY CombinatorBek Ventures+3 more
Authologic provides digital identity verification and KYC/AML compliance solutions for regulated businesses globally.
CybersecurityDeveloper ToolsEnterprise SoftwareFintechWarsaw, PL
Jarek Sygitowicz(Founder)inKrzysztof Klimczak(Founder)inMarek Rogoziński(Founder)inFlorentyna Frend(Head of Product)Pamela Oldfield(Head of Marketing)OIga Medras(Head of Legal)
Co-investors7percent VenturesAmand VenturesElma VenturesImmeasurableMAVA VenturesOpenOcean+5 more
Bitskout provides a no-code platform for building AI plugins that extract data from documents, images, and emails—such as invoices, purchase orders, CVs, and bank statements—using templates or custom examples.
AI & Machine LearningFuture of WorkSaaS
Alexey Zelenkin(Founder)in
Co-investorsOctopus VenturesShilling VC
Collabwriting is a collaboration tool for research that lets users highlight, save, and share web and Kindle content with others, including people without an account.
Future of WorkSaaS
Ivan Ralic(Founder)Sandra Idjoski(Founder)
Co-investorsCredo VenturesUnderline Ventures
Exit Plan Games is an independent video game development studio founded by veterans of major AAA titles, creating original games with accessible gameplay mechanics.
Gaming
Damien Monnier(Co-Founder/Design Director)inJose Teixeira(Co-Founder/Art Director)in
Co-investorsSisu Game VenturesTencent Holdings
Allows companies to create highly realistic digital twins—interactive AI personas of real people that look, sound, and think like them—to scale personalized customer interactions, training, and content creation.
Paul Jaski(Founder)in
Co-investorsMEDINA VENTURESYAR Ventures
inStreamly connects brands with streamers through micro-sponsorships, letting streamers monetize their content while brands reach Gen Z audiences.
AdTechCreator EconomyGaming
Co-investorsColopl NextSupernode Globalhubraum
Juo provides a toolkit for launching and managing subscription models for physical products, including a frontend editor, workflow builder, and APIs/SDKs.
E-commerceRetail TechSaaS
Alina Prelicz(Founder)in
Co-investorsFJ LabsMarket One CapitalLakestarBADideas.fundKogito VenturesPeak
Masthead provides cost optimization and data observability tools for Google BigQuery, enabling data teams to monitor pipelines, detect anomalies, and reduce spending across their data infrastructure.
Cloud ComputingData & InfrastructureSaaS
Co-investorsDEPO VenturesFocal VenturesFocal
Paypercut provides a single payment layer that lets online-first businesses accept and manage payments across multiple European markets through one setup instead of juggling several providers and contracts.
Enterprise SoftwareFintechSaaS
Gareth Walsh(Founder)inStoil Vasilev(Founder)in
Co-investorsPassion CapitalRobin CapitalAraya VenturesConcentricMain SetPortfolio Ventures+1 more
Proteine Resources develops insect-based bio-protein and premium pet food using biotechnology, AI, and regenerative agriculture.
AgTechAI & Machine LearningBiotechFoodTech
Co-investorsRadix Ventures
Prox provides an AI product specialist for manufacturers of complex physical products, grounded in their manuals and deployed on product pages, dealer portals, internal tools, and AI platforms like ChatGPT and Claude.
AI & Machine LearningE-commerceEnterprise SoftwareSaaSSan Francisco, US
Dima Yanovsky(Founder)inGregory Makodzeba(Founder)inDima YanovskyinPranathi Kollolli(Chief of Staff)Lisa Didenko(Recruiting)
Co-investorsY CombinatorBloomberg BetaAliaksandr HudzilinBurst CapitalCRV (Charles River Ventures)Flyer One Ventures+11 more
Finnish cloud-native game studio building instant-access, cross-device games playable in browsers and on smart TVs.
Co-investorsBitkraft Esports VenturesSamsung NextSisu Game Venturesvgames
Shen AI provides AI-powered health monitoring technology that uses face-scan analysis to detect vital signs and health metrics from smartphones and connected devices.
AI & Machine LearningDigital HealthHealthtechInsurTech
Co-investorsSuperhero CapitalTilia Impact VenturesSimpact VenturesTilia Impact PartnersVerge HealthTech FundRagnar Sass
Slicker is an AI-powered payment recovery platform for subscription businesses that automatically recovers failed recurring transactions through smart retry timing, personalized dunning communications, and analytics.
AI & Machine LearningFintechSaaSLondon, GB
Dani Penev(Founder)inIvan Valkov(Founder)in
Co-investorsY Combinator
SlickShift offers Slick AI, an AI dispatcher for road freight and trucking companies that monitors fleets, handles orders, tracks routes, verifies transport documents (CMR, Lieferschein), enforces procedures, and automates back-office administration.
AI & Machine LearningLogistics & Supply ChainMobility & Transportation
PartnerBorys Musielak· led
Spacer Robotics builds autonomous AI robots for construction, starting with GRID, a mobile robot that automates rebar tying on commercial job sites using computer vision and self-navigation.
AI & Machine LearningConstruction TechRobotics
Lesya Hendrix(Founder and CEO)inNatalia Krasnova(CTO)in
Co-investorsLongHash Ventures
Stepapp is an online booking platform and mobile app for professional home and office cleaning services delivered by vetted, trained and insured cleaners in Poland.
ConsumerMarketplacesSaaSWarsaw, PL
Jakub Mocarski(Founder)in
Co-investorsCOBIN Angels
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
GotivaMOS HealthPrimio (formerly Darvin.dev)Pstryk
Portfolio news
latest coverage across their companiesJuo · finsmes.com · Nov 27, 2025
Prox · ycombinator.com · Nov 11, 2025
Frequently asked questions
- How many investments has SMOK Ventures made?
- SMOK Ventures has 26 tracked investments, including 7 dated in the last 24 months.
- What stage does SMOK Ventures invest at?
- SMOK Ventures invests at the Pre-Seed, Seed stages.
- What is SMOK Ventures's typical check size?
- SMOK Ventures typically writes checks of $110K – $1.1M.
- What sectors does SMOK Ventures focus on?
- SMOK Ventures focuses on AI & Machine Learning, Developer Tools.
- Where is SMOK Ventures located?
- SMOK Ventures is headquartered in Warsaw, PL.
- Does SMOK Ventures lead rounds?
- SMOK Ventures typically participates in rounds rather than leading them.
- Who does SMOK Ventures co-invest with?
- SMOK Ventures most often shares deals with LongHash Ventures, MEDINA VENTURES, Passion Capital, among 5 tracked co-investors.
Media · Podcasts & interviews
featuring the teamWhat do VCs want? Interview with Borys Musielak (SMOK Ventures)
VCLeaders · Borys Musielak
Diana Koziarska - SMOK Ventures
Polski Fundusz Rozwoju · Diana Koziarska
Jak zdobyć inwestorów i rozwijać startup? | Gość: Borys Musielak, SMOK Ventures | Wyżyna Krzemowa #3
XYZ · Borys Musielak
Equity Story - Interview with Borys Musielak [SMOK Ventures]
Reach4 TV · Borys Musielak
Borys Musielak SMOK Ventures O inwestowaniu w startupy i fundusze
Escola Mobile & Web apps powered by AI · Borys Musielak
Borys Musielak-inspirujący ludzie dają mi energię do działania-SMOK Ventures
Zaprojektuj Swoje Życie · Borys Musielak
Images
Co-investors · 5
Peak is an early-stage venture fund founded and run by entrepreneurs, backing extraordinary teams across Europe. It focuses on SaaS, marketplaces, and platforms.
Market One Capital (MOC) is a European venture capital firm that backs marketplace and platform startups.
Flint Capital is an early-stage venture capital firm that invests in companies from the US, Israel, and Europe, helping them expand into the US market through its 'bridge' strategy.
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Presto Ventures is a venture capital firm investing in security, defense, and aerospace technologies, including dual-use software and hardware solutions, backing fast-growing tech companies across NATO countries, allies, and Israel.
A private equity fund focused on enabling founders to accelerate growth of technological companies through aligned interests, flexible funding terms, and operational expertise. The firm prioritizes sustainable business building and generating positive economic impact rather than cost-cutting.
Firms observed investing alongside SMOK Ventures, from public investor directories. Shared companies are the overlap with SMOK Ventures's recorded portfolio.
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