SMRK VC

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About

SMRK VC is a Kyiv-based seed-stage fund founded in 2013 by Oleksandr Kosovan and Andriy Dovzhenko, with a $10M initial fund focused on IT products at seed and Series A. The fund has backed 23+ companies, with a portfolio spanning Ukraine, the US, and Europe across enterprise software, B2B SaaS, and consumer tech. Notable investments include Allset, Preply, Competera, and Ajax Systems; the fund made its most recent disclosed investment in OpenBabylon, a Ukrainian AI translation startup, in February 2026. SMRK has continued dealmaking through the wartime period and remains one of the longer-standing native Ukrainian VC funds still actively investing.

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