The Untitled Newsletter: the Eastern Europe industry review and how to become an investor

This is the Untitled Newsletter, a monthly newsletter highlighting what our fund and portfolio companies are up to. We are Konstantin Sinushin, Oskar Stachowiak, Igor Lutz, and Co. You can find out more about us here

The Untitled Venture News

  • Crunchbase has featured us in the Eastern Europe industry review among the other significant news from the Russian, Ukrainian, and Belarusian digital scenes this past quarter. There is all about the battle of the Russian digital titans and what CEE unicorn has emerged on the NASDAQ. Very exciting! You can read it here.

  • The second episode of the Angel Talks video podcast was dedicated to entrepreneurs who want to invest in startups but don’t know how to start. The episode’s guest is Igor Lutz, Managing Partner of the Untitled Ventures. Follow the link to find out more.

  • Higher returns on investments are just one of the advantages of backing startups from Central and Eastern Europe. Oskar Stachowiak shared an opinion on why VCs should not be afraid of startups from the East. Read in full on Sifted.

Portfolio Companies News

  • 💰 Adnetic, a native advertising startup, raises $80,000. Adnetic is a native ad automation platform. The company specializes in algorithmic personalization technologies, optimization and promotion of sponsored content. In particular, technologies implement ad mechanics for online and social commerce, using the big data of marketplaces and retailers.

  • ⚡FIXAR, a developer and manufacturer of unmanned aerial solutions for the commercial use-cases, was featured in Forbes by Kelsey who covers defence and aerospace technology for a variety of outlets, including Popular Science, Aviation Week, C4ISRNET, and The New York Times. Find out more about the outstanding drones at

What to read

  • Notes can help raise financing quickly while keeping the Noteholders removed from any effective control. Read the Math Challenge with Convertible Notes & SAFE’s here.

  • Bessemer has published many of its investment memos on companies such as Twilio, SendGrid, Linkedin, and Twitch to name a few. These are great reads for both early-stage venture investors and startup companies.

  • Our PR Partner Mary has written some wise words about PR fails and how to pitch your startup to the media better. Mike Butcher suggests reading.

  • How Much to Raise for a Pre-Seed Round? Picking the ‘right’ amount to raise is critical. Read this and avoid the pitfalls of trying to raise too little — or too much

This is all for now! Don’t forget to follow us on LinkedIn and Twitter to be kept in the loop!