Warsaw · Pre-Seed–Seed · 9 people tracked
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 · 9 people
from the firm's website & public directories%20(1).png)
What they invest in
from 6 of 8 portfolio companiesAI & Machine Learning ×5Enterprise Software ×2SaaS ×2Construction Tech ×1Cybersecurity ×1Defense Tech ×1Developer Tools ×1Digital Health ×1
HQs:Poland×2European Union×1
Investments · 8 tracked
founders shown can be your intro pathLetsData 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)Andriy Kusyy(Co-founder)in
Co-investors1991 VenturesStartup Wise GuysTilia Impact VenturesWayraTilia Impact Partners
Alokai develops frontend software for ecommerce retailers to build fast, modern online storefronts using composable commerce and headless architecture.
AI & Machine LearningDeveloper ToolsE-commerceEnterprise SoftwareSaaSWarsaw, PL
Patrick Friday(Founder)inFilip Rakowski(Founder)inBart Roszkowski(Founder)in
PartnerBorys Musielak· led
Co-investorsFELIX CAPITALSquareOneY CombinatorCreandum
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.
Co-investorsMEDINA VENTURESYAR Ventures
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
Co-investorsRobin Capital
Shen AI provides camera-based, contactless health monitoring that uses remote photoplethysmography (rPPG) and AI to measure 30+ health markers—including blood pressure, heart rate, HRV, and BMI—through a face scan in about 30 seconds.
AI & Machine LearningDigital HealthHealthtech
Co-investorsSuperhero CapitalVerge HealthTech FundTilia Impact Partners
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)
Co-investorsLongHash Ventures
Portfolio news
latest coverage across their companiesSlickshift · founderspond.com · Feb 2, 2026
Frequently asked questions
- How many investments has SMOK Ventures made?
- SMOK Ventures has 5 tracked investments, including 1 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, Robin Capital, among 4 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.
Flint Capital invests in early-stage companies across the United States, Israel, and Europe. The firm provides growth capital and facilitates market entry for portfolio companies into the US market.
Market One Capital (MOC) is a European venture capital firm that backs marketplace and platform startups.
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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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