Pragmatech Ventures Research
Investment Thesis
Pragmatech Ventures is a founder-led, operator-run early-stage fund that backs AI-native European teams building durable category leaders. Its homepage describes the firm as "founders who back AI-native European teams." It looks for companies that master three powers: Workflow Ownership (the product is how the work actually gets done, customers use it daily and the ROI is obvious from month one), a Trust Layer (a regulated license, proprietary data, real customer references or a trusted brand that the next model release does not change), and Distribution Lock (a channel, partnership or embedded workflow that competitors cannot easily rebuild).
Sector Focus
The firm invests in B2B and B2B2C companies, with stated preferences for:
- AI-powered workflow software
- Trust-heavy real world workflows
- Software-led service delivery
- Managed marketplaces
The portfolio spans data infrastructure (Jentis), proptech marketplaces (Jome), retail computer vision (TASS Vision), mental health marketplaces (Clearly), digital insurance (Frankly), M&A data (Comparables.ai), generative AI for documents (Deckrobot), field-service AI (PilotGo), payments for wellness providers (ForActive), AI sales automation (Execue) and legal AI (Della AI, exited).
Stage Focus
Pre-Seed and Seed. The portfolio page tags most companies as Seed and two as Growth (Jentis, Jome), which are later-stage follow-on or earlier positions that have since scaled.
Check Size
The homepage states a first ticket of up to $500K. An older Medium Q&A from the firm cited $500K to $2M seed checks, so the current public figure is the lower ceiling. Recent rounds it joined were small: Clearly's EUR 1.35M seed, TASS Vision's EUR 1.3M round and ForActive's $3.6M seed, which implies it often participates in syndicates rather than sizing the full round.
Lead Tendency
Unclear. Press language uses "we backed" for Clearly and ForActive and "we participated" for TASS Vision. Rounds are small enough that Pragmatech is likely a co-lead or participant in syndicates, so lead tendency is recorded as unknown.
Recent Activity
- July 2026: invested in ForActive's $3.6M seed (payments and business platform for independent fitness and wellness professionals). PitchBook shows the investment dated 27 July 2026.
- August 2025: backed Clearly's EUR 1.35M seed (therapist matching and booking, Ukrainian founders).
- July 2025: participated in TASS Vision's EUR 1.3M round (edge computer vision retail analytics, founded in Uzbekistan, live in 2,000+ locations across 10+ countries).
- Exit: Della AI (legal contract review) was acquired by Wolters Kluwer.
The firm appears to be actively deploying, with its most recent deal under three months old.
Portfolio Highlights
- Jentis (Austria): privacy-compliant server-side tracking and first-party data platform. Founder Thomas Tauchner credits Evgeny and Artem with hands-on sales and operations help.
- Jome (USA, Ukrainian founders): AI-powered platform for finding and buying new construction homes. Likely a rebrand of Propertymate, which raised $1M from Pragmatech in 2021.
- TASS Vision, Clearly, Frankly, Comparables.ai, Deckrobot, PilotGo, ForActive, Execue at Seed.
- Della AI (UK): exit via acquisition by Wolters Kluwer.
Team
- Evgenii Sergeev, Partner: former Microsoft engineer and researcher, co-founder of iDeals (virtual data rooms) and Genesis Tech, a European consumer internet group with 15+ products.
- Artem Yaremchuk, Partner: serial entrepreneur, co-founded Attendify (event technology, acquired by Hopin in 2021), previously at Vivex Invest.
- Roman Podat, Chief of Staff and Investment Associate: ex-BDO consulting and GR Capital analyst, with the team since 2026.
- Experts in Residence: Dima Rasnovsky (strategy, scaled Glovo across Ukraine, Eastern Europe, Central Asia and Africa), Anton Maslov (operations), Sabine Schilg (strategy and leadership), Oleksandr Khlevnuk (GTM, iDeals), Julien Penalba (security and compliance), Igor Sokolov (product).
Decision Process
Two founder-partners make decisions, supported by an associate. This reads as a small partnership. Founders describe deep involvement before a deal closes, including partnership-style diligence. Not formally documented, so confidence is moderate.
Value Add and Founder Preferences
Value add centers on GTM and revenue acceleration (moving from early sales to a structured engine ready for Series A), global market expansion for European and CEE founders, and network access to operators, functional experts and 50+ friendly funds. The firm is explicitly positively biased toward CEE founders, and the portfolio skews to Ukrainian, Polish and Central Asian teams selling globally.
Geographic Focus
Europe and the US, with a positive bias toward Central and Eastern Europe. Portfolio countries shown: Austria, USA, Uzbekistan, Spain, Ukraine, Denmark, Finland, Poland and UK. Third-party listings place the firm in Switzerland, which is unverified, so location is left blank.
Contact
[email protected] and a pitch form on the website. Intro route is warm intro or the form; no warm-intro requirement is stated.