In May 2012 Black Sea Venture Management launched the Dark Seas Opportunity Fund, which was created to provide infusions of capital to a select group of projects initiated by our founder Robert Karabelnik.

It was not a typical investment fund; rather it was created solely to meet the specific needs of Mr. Karabelnik and his portfolio of local businesses. All of our investments were focused on helping our portfolio firms accelerate their businesses by adding necessary resources, including hiring senior management and making immediate infrastructure improvements.

We will act only as lead investor and preferably very early in the process of value formation. We believe that beginning early with a company is the best way to utilize our experience in building value rapidly by focusing the company on a small number of key milestones.