SMOK Ventures

SMOK Ventures is a US-based venture capital fund that invests between $50,000 and $1 million in early-stage software startups across Central and Eastern Europe. The fund primarily focuses on software development tools, game development, and artificial intelligence sectors. SMOK Ventures is part of a global network of funds managed by Paul Bragiel, with a strong presence in the CEE region.

The fund's investment strategy emphasizes supporting serial entrepreneurs with a global vision who aim to build industry leaders. SMOK Ventures operates two funds: the first, SMOK VENTURES Spółka Z O.O. ASI S.K.A., established in 2019 and focused on Poland, is currently not open for new investments. The second, SMOK Ventures II COÖPERATIEF U.A., launched in 2022, targets investments in Poland, the CEE region, and the diaspora, and is currently in its investing period.

SMOK Ventures has a track record of investing in diverse startups across the CEE region, including companies from Poland, Ukraine, Czechia, Croatia, Bulgaria, Latvia, Serbia, and Bosnia and Herzegovina. The fund's portfolio includes investments in sectors such as software development, game development, and artificial intelligence, reflecting its commitment to fostering innovation and entrepreneurship in the region.