VC firm
SMOK Ventures
- Investor type
- VC
- Investing status
- Activeas of 2026-09-19Source (opens in a new tab)
- Headquarters
- Warsaw, Poland
- Assets under management
- $35MStated by firm, as of 2026-09-19Source (opens in a new tab)
- Check size
- Our initial ticket size is between $100-1M USDSource (opens in a new tab)
- Legal name
- SMOK Ventures spółka z ograniczoną odpowiedzialnością ASI spółka komandytowo-akcyjna
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Record updated 30 September 2026
About
We are a venture capital fund investing 100k-1M EUR in early stage startups in Central & Eastern Europe and diaspora. We invest in tech companies with the primary focus on software developement tools and AI. We love to work with serial entrepreneurs with a global vision who aim to build leaders in their industries.
Investment approach
- Thesis
- We are a team of entrepreneurs and community leaders with the aim to help early stage startup founders build multi-million-dollar global software enterprises from CEE & diaspora.Source (opens in a new tab)
- Leads rounds
- Sometimes
- Lead policy
- We’ve led around 75% of the startup rounds we participated in. In others we were either a co-lead or a smaller investor.
- Ownership target
- We’ve taken between 5% and 10% in initial equity investments we led.
- Reserves policy
- However, historically we’ve tried to co-invest pro-rata in the following rounds if the round size allows us to do that and the fund is still spending.
- Eligibility
- We are not interested in startups without a significant connection to CEE, i.e. we need at least workforce in CEE, one of the founders is of CEE-origin, or startup is based in CEE.
- Traction requirement
- If you’re a first-time founder, we usually like to get to know you a bit before investing (attending our affiliate acceleration program ReaktorX is always a good way to achieve that if you’re under 25) and we need to see more customer validation and traction (as in first revenues, proof of concept, etc).
- Investing status notes
- We’re currently investing from fund 2, which is a $25M fund launched in 2023.
Locations
- Office
- Warsaw, Poland
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