A founder-led early-stage investor backing AI-native European B2B and B2B2C teams, with first checks up to $500,000 and a positive bias toward CEE founders.
Founded —
Type Venture capital 1 Pragmatech Fund II, LP Announced 2026-05-13
FormD USD15m OFFERING TARGET; USD0 SOLD andUSD15mremaining, firstsaleyettooccur, zeroexistinginvestors. No verifiedclosedcommitments. CIK2134519 accession0002134519-26-000001.
— No co-investors on record yet.
team@apexlogos.ai · 6 minutes ago
Investment-fund research reviewed 2026-10-06. Publicly identified funds, dates, amounts and fundraising status are below. Undisclosed commitments remain unknown; this is not a complete register of private SPVs or parallel entities.
Fund size and checks
| Vehicle / metric | Finding | Date / status | Evidence and limits |
| --- | --- | --- | --- |
| Pragmatech Fund II, LP | **USD $15,000,000 total offering; $0 sold; $15,000,000 remaining** | New Form D, signed/filed **2026-05-13**; first sale marked yet to occur; 0 existing investors | Primary XML directly read via HTTP. This is an offering target, not committed capital or final close. SEC CIK 2134519, accession 0002134519-26-000001. Related managers include Artem Iaremchuk and Evgenii Sergeev, linking the vehicle to the firm. [S3] |
| Latest-known fund status | Fund II is latest vehicle located in this research; later close or amendment **unverified** | As researched 2026-10-06 | No official closing announcement located; PEI lists Fund II as in market, opened May 2026. [S4] |
| Current first check | Up to **$500,000**, dollar symbol as stated | Undated current official site | Individual investment ticket; not fund size. [S1] |
| Historical initial capitalization | Founder and partners' private capital, amount undisclosed | Firm interview **2020-12-31** | Founder planned to raise external capital after establishing a portfolio. Historical check range **$500,000–$2 million**, seed/Series A. [S6] |
| Fund I / AUM | **Unverified** | Directory updated **2026-06-22** | Private Equity List claims Fund I size $5–10 million, November 2020 launch, and $62 million AUM. Neither figure was verified with a primary disclosure; do not use as established size/AUM. [S7] |
**Conflict:** VCSpine describes a May 2026 close and $15 million capital raised while its own row says $15 million **offered**. The primary Form D states $0 sold and first sale yet to occur; prefer the SEC disclosure, and do not propagate the directory's closed-fund characterization. Likewise, FormDFlow's “Series A” tag is a directory tag for this filing, not evidence of Fund II's investment mandate. [S3, S9, S10]
Sources
All sources accessed **2026-10-06**. Dates below distinguish publication/filing dates from event dates; undated pages are current observations only.
| Ref | Source URL | Date / access note |
| --- | --- | --- |
| S0 | https://adex.page/firms/PragmatechVentures | Read-only MCP exact-ID snapshot retrieved 2026-10-06; underlying prior website research 2026-09-14 |
| S1 | https://pragma.tech/ | Undated official firm page; directly read |
| S2 | https://signal.nfx.com/ | Undated public homepage directly read; targeted indexed searches found no attributable profile |
| S3 | https://www.sec.gov/Archives/edgar/data/2134519/000213451926000001/primary_doc.xml | Form D 2026-05-13; web parser rejected XML but direct HTTP retrieval succeeded and was read |
| S4 | https://www.privateequityinternational.com/institution-profiles/pragmatech-ventures.html | Undated directory; indexed public portion says Fund II in market, May 2026 |
| S5 | https://tech.eu/2025/07/14/tass-vision-raises-eur13m-to-bring-privacy-first-analytics-to-physical-retail/ | Reporting 2025-07-14 |
| S6 | https://pragmatechventures.medium.com/pragmatech-in-q-a-17656ed5837e | Firm-authored founder interview 2020-12-31 |
| S7 | https://privateequitylist.com/investors/pragmatech-ventures | Directory updated 2026-06-22; unverified fund/AUM claims |
| S8 | https://scroll.media/en/2025/07/09/clearly-raises-e1-35m/ | Reporting 2025-07-09 |
| S9 | https://vcspine.com/firms/pragmatech | Undated filing-derived directory; misleading close/raised characterization |
| S10 | https://formdflow.com/filings/0002134519-26-000001 | Undated filing mirror, links SEC 2026-05-13 accession; directly read |
| S11 | https://www.jentis.com/de/blog/press-successful-series-a | Official investee announcement: event 2023-11-28; page creation timestamp 2025-12-11; directly read |
| S12 | https://tassvision.ai/ | Undated official investee product page; directly read |
| S13 | https://en.ain.ua/2025/07/15/tass-vision-secures-eur13m/ | Reporting 2025-07-15, €1.3 million |
| S14 | https://www.vestbee.com/insights/articles/tass-vision-secures-1-3-m | Reporting 2025-07-15, €1.3 million |
| S15 | https://webrazzi.com/2025/07/16/yapay-zeka-destekli-video-analiz-teknolojileri-gelistiren-tass-vision-1-5-milyon-euro-yatirim-aldi/ | Reporting 2025-07-16, conflicting €1.5 million |
| S16 | https://www.cbinsights.com/company/tass-vision/financials | Undated directory; conflicting $1.75 million for 2025-07-14 |
| S17 | https://inventure.com.ua/uk/news/ukraine/ukrayinskij-startap-u-sferi-mentalnogo-zdorovya-clearly-zaluchiv-euro760-tis-investicij | Reporting 2025-07-09, citing AIN; cumulative/current financing differs from Scroll |
Funds recorded in Adex after this review:
| Fund | Disclosed amount | Announcement / filing date |
| --- | --- | --- |
| Pragmatech Fund II, LP | Undisclosed / unverified | 2026-05-13 | SHOW MORE
team@apexlogos.ai · 60 minutes ago
Match research 2026-10-06 / PragmatechVentures / sha256:ba04d02a96802dc1a0f7b5472d189111e602796c7bd6dfee4df6f9413b96a61c / part 2 of 2
Imported completed research. Baseline Adex/Signal statements describe prior state, not independent verification. Retain cited attribution, date, currency and classification caveats.
2. Fund II can be recorded as a **$15 million offering target, filed 2026-05-13**, not a close. Check EDGAR for amendments and ask the firm about current commitments; keep Fund I and $62 million AUM unresolved.
3. Add dated supporting evidence to TASS Vision and JENTIS only after separately reviewing their existing round records. TASS round amount/lead discrepancies are documented above; no Pragmatech allocation is disclosed.
4. Retain Clearly as mental-health/AI adjacent, without a direct neurotech label. Resolve its cumulative-versus-current financing discrepancy before setting round amount or stage.
5. Missing NFX profile, undisclosed fund closes, non-exhaustive portfolio coverage and unknown check amounts are disclosure gaps. Absence from checked sources does not establish absence of investment activity.
## Sources
All sources accessed **2026-10-06**. Dates below distinguish publication/filing dates from event dates; undated pages are current observations only.
| Ref | Source URL | Date / access note |
| --- | --- | --- |
| S0 | https://adex.page/firms/PragmatechVentures | Read-only MCP exact-ID snapshot retrieved 2026-10-06; underlying prior website research 2026-09-14 |
| S1 | https://pragma.tech/ | Undated official firm page; directly read |
| S2 | https://signal.nfx.com/ | Undated public homepage directly read; targeted indexed searches found no attributable profile |
| S3 | https://www.sec.gov/Archives/edgar/data/2134519/000213451926000001/primary_doc.xml | Form D 2026-05-13; web parser rejected XML but direct HTTP retrieval succeeded and was read |
| S4 | https://www.privateequityinternational.com/institution-profiles/pragmatech-ventures.html | Undated directory; indexed public portion says Fund II in market, May 2026 |
| S5 | https://tech.eu/2025/07/14/tass-vision-raises-eur13m-to-bring-privacy-first-analytics-to-physical-retail/ | Reporting 2025-07-14 |
| S6 | https://pragmatechventures.medium.com/pragmatech-in-q-a-17656ed5837e | Firm-authored founder interview 2020-12-31 |
| S7 | https://privateequitylist.com/investors/pragmatech-ventures | Directory updated 2026-06-22; unverified fund/AUM claims |
| S8 | https://scroll.media/en/2025/07/09/clearly-raises-e1-35m/ | Reporting 2025-07-09 |
| S9 | https://vcspine.com/firms/pragmatech | Undated filing-derived directory; misleading close/raised characterization |
| S10 | https://formdflow.com/filings/0002134519-26-000001 | Undated filing mirror, links SEC 2026-05-13 accession; directly read |
| S11 | https://www.jentis.com/de/blog/press-successful-series-a | Official investee announcement: event 2023-11-28; page creation timestamp 2025-12-11; directly read |
| S12 | https://tassvision.ai/ | Undated official investee product page; directly read |
| S13 | https://en.ain.ua/2025/07/15/tass-vision-secures-eur13m/ | Reporting 2025-07-15, €1.3 million |
| S14 | https://www.vestbee.com/insights/articles/tass-vision-secures-1-3-m | Reporting 2025-07-15, €1.3 million |
| S15 | https://webrazzi.com/2025/07/16/yapay-zeka-destekli-video-analiz-teknolojileri-gelistiren-tass-vision-1-5-milyon-euro-yatirim-aldi/ | Reporting 2025-07-16, conflicting €1.5 million |
| S16 | https://www.cbinsights.com/company/tass-vision/financials | Undated directory; conflicting $1.75 million for 2025-07-14 |
| S17 | https://inventure.com.ua/uk/news/ukraine/ukrayinskij-startap-u-sferi-mentalnogo-zdorovya-clearly-zaluchiv-euro760-tis-investicij | Reporting 2025-07-09, citing AIN; cumulative/current financing differs from Scroll | SHOW MORE
team@apexlogos.ai · 60 minutes ago
Match research 2026-10-06 / PragmatechVentures / sha256:ba04d02a96802dc1a0f7b5472d189111e602796c7bd6dfee4df6f9413b96a61c / part 1 of 2
Imported completed research. Baseline Adex/Signal statements describe prior state, not independent verification. Retain cited attribution, date, currency and classification caveats.
# Pragmatech Ventures
- Exact Adex ID: `PragmatechVentures`
- Canonical Adex URL: https://adex.page/firms/PragmatechVentures
- Official website: https://pragma.tech/
- Research date: **2026-10-06**
- Status: research completed with material disclosure gaps. Research only; no Adex changes made.
## Summary
Pragmatech is a founder-led investor whose current stated entry stages are pre-seed and seed. Its strongest verified deep-tech example is **TASS Vision**, developing proprietary edge-AI cameras and computer vision. **Clearly** is an attributable mental-health investment, but evidence establishes therapy/AI services rather than direct neurotechnology. **No verified neurotech investment found in the sources checked.** A primary SEC filing establishes **Pragmatech Fund II, LP's $15 million offering target**, with **$0 sold** at filing on 2026-05-13; it does **not** establish a closed $15 million fund. [S1, S3, S5, S8]
## Starting evidence: Adex MCP and NFX Signal
The read-only Adex MCP `Search` snapshot retrieved 2026-10-06T19:28:52Z returned exact ID `PragmatechVentures`, label Match, investor ID 6084. It describes early-stage AI-native B2B/B2B2C investing, first checks up to $500,000 and a CEE-founder preference. Listed roles are Evgenii Sergeev and Artem Yaremchuk as partners and Roman Podat as chief of staff/investment associate. It has no populated check-size fields and no fund-size disclosure. Its attributed portfolio entries are **JENTIS, Jome, TASS Vision, Clearly, Frankly, Comparables.ai, Deckrobot, PilotGo, ForActive, Execue and Della AI**, all without transaction dates or amounts. Underlying evidence is the firm's website, previously accessed 2026-09-14; these are baseline claims, not independent transaction verification. The baseline is preserved at `data/research/_sources/PragmatechVentures.adex.json`. [S0]
NFX Signal was checked next because the baseline has no `nfxSignalUrl`. Searches included `site:signal.nfx.com Pragmatech`, firm plus Sergeev, `site:signal.nfx.com "Evgeny Sergeev"`, and `site:signal.nfx.com "Artem Yaremchuk"`. No attributable indexed firm or team profile was located. The public Signal homepage was directly accessible at https://signal.nfx.com/ ; no firm-specific Signal URL or claims are asserted. This is a **missing-profile/access-discovery limitation**, not proof the firm has no Signal entry. A later agent should search logged-in Signal manually if available. [S2]
## Fund size and checks
| Vehicle / metric | Finding | Date / status | Evidence and limits |
| --- | --- | --- | --- |
| Pragmatech Fund II, LP | **USD $15,000,000 total offering; $0 sold; $15,000,000 remaining** | New Form D, signed/filed **2026-05-13**; first sale marked yet to occur; 0 existing investors | Primary XML directly read via HTTP. This is an offering target, not committed capital or final close. SEC CIK 2134519, accession 0002134519-26-000001. Related managers include Artem Iaremchuk and Evgenii Sergeev, linking the vehicle to the firm. [S3] |
| Latest-known fund status | Fund II is latest vehicle located in this research; later close or amendment **unverified** | As researched 2026-10-06 | No official closing announcement located; PEI lists Fund II as in market, opened May 2026. [S4] |
| Current first check | Up to **$500,000**, dollar symbol as stated | Undated current official site | Individual investment ticket; not fund size. [S1] |
| Historical initial capitalization | Founder and partners' private capital, amount undisclosed | Firm interview **2020-12-31** | Founder planned to raise external capital after establishing a portfolio. Historical check range **$500,000–$2 million**, seed/Series A. [S6] |
| Fund I / AUM | **Unverified** | Directory updated **2026-06-22** | Private Equity List claims Fund I size $5–10 million, November 2020 launch, and $62 million AUM. Neither figure was verified with a primary disclosure; do not use as established size/AUM. [S7] |
**Conflict:** VCSpine describes a May 2026 close and $15 million capital raised while its own row says $15 million **offered**. The primary Form D states $0 sold and first sale yet to occur; prefer the SEC disclosure, and do not propagate the directory's closed-fund characterization. Likewise, FormDFlow's “Series A” tag is a directory tag for this filing, not evidence of Fund II's investment mandate. [S3, S9, S10]
## Investment stages and strategy
Current official strategy is **pre-seed and seed**, Europe and US, with a positive preference for CEE founders; B2B/B2B2C businesses and AI-led workflow, real-world service and marketplace models. Historical participation in later rounds is distinct from the entry mandate. [S1]
The firm's December 2020 interview described seed and Series A businesses with initial customers, historically larger checks and interests including life-science technology; current public messaging emphasizes early AI software. **JENTIS's €11 million Series A of 2023-11-28** independently confirms historical Series A participation and follow-on support. The official JENTIS page has a 2025-12-11 creation timestamp but explicitly dates the financing event 2023-11-28; preserve both dates rather than re-dating the round to 2025. [S6, S11]
## Previous deep-tech investments
| Company | Technology and classification | Firm attribution / transaction evidence |
| --- | --- | --- |
| **TASS Vision** | **Verified deep-tech example:** proprietary edge cameras, on-device computer vision, image processing and hardware R&D for retail analytics. Firm portfolio and investee site establish attribution and product identity; Tech.eu describes proprietary hardware and next-generation camera development. | Official firm portfolio calls it seed. Reporting **2025-07-14** names Pragma Tech VC among participants in a **€1.3 million** financing led by Purple Ventures. Pragmatech's individual check is undisclosed. Reporting spelling is corroborated by the official portfolio, rather than treated as a different firm. [S1, S5, S12] |
| **JENTIS** | **Adjacent technical infrastructure; deep-tech status uncertain.** Privacy-preserving server-side web data capture is technically differentiated, but available evidence does not establish research-intensive hardware/scientific technology sufficient for an unqualified deep-tech label. | Investee announcement explicitly names Pragmatech in **€11 million Series A**, event **2023-11-28**, led by Bright Pixel with 3TS participating. Individual check undisclosed. [S11] |
**TASS round discrepancy:** Tech.eu, AIN and Vestbee report €1.3 million; Webrazzi reports €1.5 million; CB Insights reports $1.75 million; Gaebler and company-team social reporting report $1.5 million. Prefer €1.3 million as the best corroborated reputable-reporting figure, but retain the conflict until an investee closing announcement is obtained. Do not adopt Seedtable's “Pragmatech lead” or estimated allocation: its narrative and other reporting name **Purple Ventures** as lead. [S5, S13–S16]
The other baseline companies include AI applications, marketplaces, payments, insurance and document automation. They are not automatically deep tech merely because they use AI. No additional independently substantiated deep-tech transaction was established in this focused review.
## Previous neurotech investments
**No verified neurotech investment found in the sources checked.**
**Clearly** is a verified adjacent mental-health investment, not established direct neurotech. The firm lists it in its portfolio; July 2025 reporting names Pragmatech alongside Purple Ventures and Dmytro Orel. Descriptions cover therapist sessions, matching, AI companions and AI therapy, with no verified brain interface, neural sensing, neurostimulation or other direct neural technology. [S1, S8]
Clearly's amount/stage remain **conflicting**: Scroll's **2025-07-09** report gives €1.352 million total investment and €760,000 from Purple; InVenture's same-day AIN-derived account describes €1.352 million cumulative pre-seed financing, including a €760,000 current round from the syndicate. Firm website labels the company seed. These are different totals/stage descriptions and should not be silently collapsed into a single confirmed round. No firm-specific check verified. [S8, S17]
Searches for Pragmatech plus neurotech/neuroscience produced unrelated Spanish Pragmatech AI Solutions and Indian Pragmatech Healthcare businesses. They are not evidence of this VC's portfolio and were excluded. No partner investments at previous firms were attributed to Pragmatech.
## Review notes for a later Adex update
1. Preserve exact ID `PragmatechVentures`. Populate a check maximum only after confirming currency convention; website currently states first ticket up to $500k. SHOW MORE
team@apexlogos.ai · 22 days ago
MATCH 
ForActive
Clearly