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§ Venture Capital · London, United Kingdom
the Untitled Ventures is an early-growth stage venture capital firm specializing in deep technology from Eastern Europe. It identifies promising tech companies with competitive products and strong teams, supporting their international market entry. The firm scales these early-growth enterprises globally, connecting companies from regions like Belarus, Russia, and Ukraine to Western markets.
Established in 2010 by Igor Lutz, Konstantin Siniushin, and Oskar Stachowiak, the Untitled Ventures recognized significant untapped potential in Eastern European tech talent. This insight drove its mission to cultivate regional innovators, propelling them onto the global stage by leveraging a specialized talent pool.
The firm supports early-stage technology companies across Eastern Europe, guiding their international expansion. Its long-term vision establishes a robust pathway for regional startups, enabling informed decisions and global recognition. the Untitled Ventures fosters successful technology companies by connecting regional innovation with global opportunities.
Key people at the Untitled Ventures.
Key people at the Untitled Ventures.
the Untitled Ventures has 6 tracked investments across 4 companies. The latest tracked deal is $3.0M Seed in Naco in January 2025.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jan 1, 2025 | Naco | $3.0M Seed | — | Berkeley SkyDeck Fund |
| Dec 1, 2023 | Naco | $1.0M Seed | The Untitled Ventures, Gergely Ivancsics | Berkeley SkyDeck Fund |
| Mar 1, 2022 | Naco | $2.0M Seed | Buildit, Konstantin Siniushin | Berkeley SkyDeck Fund |
| May 1, 2021 | Purpur | $220K Seed | — | — |
| Aug 1, 2013 | GdeSlon | $500K Seed | — | Altair Capital Management, GVA Capital |
| Aug 1, 2013 | GBooking | $1.0M Seed | — | Flint Capital, GVA Capital |
The Untitled Ventures is a venture capital firm dedicated to empowering early-stage B2B deep-tech startups across Europe, with a mission to bridge the gap between advanced technical talent—particularly from Eastern Europe—and Western market opportunities. Their investment philosophy centers on identifying innovative companies with global ambitions, providing not just capital but also strategic guidance, operational expertise, and access to an extensive international network. The firm focuses on high-impact sectors such as artificial intelligence, computer vision, robotics, agritech, medtech, and data management, helping startups transform cutting-edge technologies into scalable, real-world products. Through hands-on support and a strong track record—including a remarkable TVPI of 10.9x for their first fund—The Untitled Ventures has become a catalyst for sustainable growth and international expansion within the European deep-tech ecosystem.
Founded in 2014 and headquartered in Luxembourg, The Untitled Ventures was established by a team of seasoned investors and industry experts who recognized the untapped potential of deep-tech innovation in Europe, especially among expatriate founders. Key partners include Amine Sabri and Anton Antich, both managing partners based in Luxembourg, who bring together technical knowledge and commercial acumen. Over the years, the firm has evolved from a regional player into a pan-European investor, expanding its reach to the UK, Latvia, and Russia while maintaining a laser focus on deep technology. Their early bets on promising startups laid the foundation for a reputation built on value creation, strategic mentorship, and consistent portfolio growth.
The Untitled Ventures is riding the wave of Europe’s deep-tech renaissance, where breakthrough innovations are increasingly emerging from cross-border teams and underrepresented regions. As global demand for AI, automation, and advanced data solutions accelerates, the firm’s focus on bridging Eastern European technical prowess with Western market access positions it at the heart of a transformative trend. Their support for expat founders also reflects a broader shift toward inclusive, globally distributed entrepreneurship. By nurturing startups that tackle complex, real-world challenges, The Untitled Ventures is helping shape a more resilient, innovative, and interconnected European tech ecosystem.
Looking ahead, The Untitled Ventures is well-positioned to continue fueling the next generation of deep-tech leaders, especially as AI, robotics, and data-driven technologies become even more central to global economic growth. Their ability to identify and scale high-potential startups—combined with a robust support model and international network—will likely amplify their influence across Europe and beyond. As the lines between research, product, and market blur, firms like The Untitled Ventures will play a critical role in turning scientific breakthroughs into impactful businesses. Their journey underscores a powerful truth: the most transformative innovations often emerge where talent meets opportunity, and The Untitled Ventures is making sure those connections happen.
