SMOK Ventures

SMOK Ventures is a prominent early-stage venture capital fund based in Warsaw, Poland, with a dedicated focus on the vibrant startup ecosystems of Poland and the broader Central and Eastern European (CEE) region. The fund primarily targets pre-seed, seed, and pre-A rounds, providing initial checks typically ranging from $100,000 to $1,000,000. Their investment thesis centers on high-growth technology companies, with a particular interest in sectors such as B2B SaaS, FinTech, Artificial Intelligence, Gaming, and Deep Tech.

Since its inception, SMOK Ventures has established itself as a founder-friendly partner, known for its hands-on approach and extensive network. They actively support their portfolio companies beyond capital, offering strategic guidance, operational expertise, and access to follow-on funding opportunities. The fund has built a diverse portfolio, having made over 50 investments to date across various innovative startups in the CEE region, contributing significantly to the development of the local tech landscape.

SMOK Ventures launched its first fund in 2019, which closed at $10 million, demonstrating an early commitment to the region's entrepreneurial talent. Building on this success, the firm announced the close of its second fund in 2022, securing $25 million in capital. This larger fund size underscores their continued belief in the potential of CEE startups and allows them to provide more substantial support to a growing number of promising ventures. The fund is led by experienced partners, including Borys Musielak, Paul Bragiel, and Maciej Balsewicz, who bring a wealth of entrepreneurial and investment experience to their portfolio companies.