VC · May 13, 2026 · 06b

Pragmatech Fund II, LP

Offering

$15.0M

Analysis

The dual GP structure—with Pragmatech Venture Capital, LLC alongside a dedicated Fund II GP entity—signals a formalized GP partnership where the operating entity is separated from the fund vehicle itself, a setup typical of managers scaling beyond founder-only decision-making or preparing for institutional LP governance requirements.

The absence of prior EDGAR filings from this manager combined with a named individual GP (Artem Iaremchuk) and co-GP (Evgenii Sergeev) indicates this is either a first institutional fund from a previously bootstrapped or angel-stage operation, or a fund organized offshore that is now establishing US LP relationships and regulatory presence.

A May 2026 filing for a $15M venture fund entering the market during a period of constrained early-stage capital and rising valuation expectations reflects either conviction that the manager has differentiated sourcing/sector focus worth deploying despite macro headwinds, or reliance on existing LP commitments locked in when market conditions were more favorable.

Before committing, verify whether this is truly Fund I or a renumbered continuation of an earlier vehicle by requesting the manager's complete fund chronology and any fund documents that predate this EDGAR filing, as the absence of prior SEC filings creates opacity around carry/fee splits and whether prior vintage performance data exists.

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Pragmatech Fund II GP, LLC · Pragmatech Venture Capital, LLC · Artem Iaremchuk · Evgenii Sergeev

SEC EDGAR →

0002134519-26-000001