# SMOK Ventures

SMOK Ventures is a Venture Capital based in Warsaw, Poland.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Warsaw, Poland
- **Region:** Europe
- **Address:** ul. Lektykarska 27/2 Warsaw, Poland
- **Founded:** 2019
- **Assets under management:** Undisclosed
- **Website:** www.smok.vc
- **LinkedIn:** https://www.linkedin.com/company/smok-ventures

## Regulatory record

- **Reports private funds:** No

## About

SMOK Ventures is a venture capital fund founded in 2019 in Warsaw, Poland. It invests in early-stage software startups in software development tools, gaming, and artificial intelligence. The firm has made 79 investments, including a Pre-Seed investment in OpenBabylon on February 02, 2026.

## Sectors

- Enterprise Software
- AI/ML
- Gaming
- EdTech
- FinTech
- Cybersecurity
- DeepTech

## Offices

- Prague
- Kyiv
- Tallinn
- San Francisco
- Munich

## People

- Diana Koziarska — Partner
- Borys Musielak — Partner
- Paul Bragiel — Partner
- Dan Bragiel — Partner
- Oleksandr Yatsenko — Partner
- Sonia Piórek — Investor
- Tomasz Kościelniak — Investor

## Questions

### Who runs investment decisions at SMOK Ventures?

The partnership is led by Diana Koziarska, Borys Musielak, and Paul Bragiel. Additional investing partners include Dan Bragiel and Oleksandr Yatsenko, who cover specific geographies such as Ukraine and the Baltic states. Each partner's sector focus and past deals are publicly listed on the firm's team page.

### How does SMOK Ventures source proprietary deal flow?

The firm sources through a deep network built from founding Poland's startup ecosystem infrastructure — including the Reaktor coworking space, ReaktorX accelerator, and Startup Poland — combined with Paul Bragiel's Silicon Valley pipeline. This creates a bilateral flow that surfaces CEE-trained founders early and connects them to US go-to-market resources.

### Does SMOK Ventures participate in fund commitments or only direct deals?

The firm's public materials describe only direct, early-stage investments in software companies. There is no public indication of fund-of-funds commitments or LP activity. The portfolio page and team deal lists reflect principal investments at pre-seed and seed stages.

### What investment stages does SMOK Ventures target?

SMOK targets pre-seed and seed-stage software startups. Its team members list investments in companies from the earliest founding phase, and the firm's 'What we look for' criteria emphasize founder-market fit and early-stage sector understanding rather than later-stage metrics.

### How is SMOK Ventures related to Bragiel Brothers or BRISE Capital?

Paul Bragiel is managing partner of Bragiel Brothers, an early-stage fund with over 30 pre-seed and seed investments, and Dan Bragiel is a managing partner at BRISE Capital, a CEE-focused family office. Both operate under separate mandates while the partners serve simultaneously at SMOK, creating overlapping but distinct investment vehicles.

## Related profiles

- [SMO Capital](https://altss.com/profile/smo-capital)
- [SmoothBrain](https://altss.com/profile/smoothbrain)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/smok-ventures

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