SMRK VC Fund

SMRK VC Fund is a prominent Ukrainian venture capital firm based in Kyiv, established by seasoned entrepreneurs Andriy Dovzhenko and Oleksandr Kosovan. Launched around 2013-2014, the fund quickly positioned itself as a key player in the Eastern European tech ecosystem. It primarily targets early-stage technology companies, focusing on those with strong potential for global expansion. SMRK's investment philosophy centers on supporting founders who are building innovative products and services with a clear path to market leadership.

The firm's investment strategy is versatile, spanning Seed to Series A rounds, and occasionally extending to later-stage opportunities. SMRK typically deploys initial checks ranging from $500,000 to $2 million, though it has the capacity to participate in larger rounds, sometimes up to $5 million, especially for follow-on investments in high-performing portfolio companies. While its core focus remains Ukrainian tech startups, SMRK seeks companies with international ambitions, often facilitating their expansion into global markets. The fund is known for its hands-on approach, providing strategic guidance and leveraging its extensive network to support portfolio growth.

SMRK VC Fund boasts an impressive portfolio of successful Ukrainian tech companies that have achieved significant international recognition. Notable investments include MacPaw, a software development company known for products like CleanMyMac; Readdle, a leading productivity app developer; and Ajax Systems, a rapidly growing smart security systems manufacturer. These investments underscore SMRK's ability to identify and nurture companies that become leaders in their respective fields, demonstrating the fund's keen eye for disruptive innovation and market potential.

With its first fund reportedly sized at approximately $20 million, SMRK has demonstrated a consistent commitment to fostering the Ukrainian startup ecosystem. The firm's founders bring a wealth of entrepreneurial experience, which translates into valuable mentorship and operational support for their portfolio companies. SMRK VC Fund continues to be a crucial capital provider and strategic partner for ambitious tech ventures emerging from Ukraine, contributing significantly to the country's burgeoning innovation landscape.