Dima Shvets
About Dima Shvets
Dima Shvets co-founded Reface, the AI face-swap app, and served as its CEO. Indie Hackers reports the app passed 250M downloads. Tracxn lists Reface as founded in 2019 by Shvets, Kyle Sygyda and Yaroslav Boiko, and Andreessen Horowitz invested in it in 2020.
By his own account, he stepped back as Reface CEO in 2023, after the company became EBITDA-positive with 250 employees. He then moved to the US and worked with Andreessen Horowitz as a scout. He studied at Taras Shevchenko National University of Kyiv and is based in London, according to Tracxn.
He is now a co-founder of Mirai, a startup that builds on-device AI inference tools for developers. Mirai raised a $4M pre-seed in 2025 from Sequoia Scout Fund, Index Ventures Scout, Samsung Next and Z Venture Capital, plus angels. He later announced a $10M seed round led by Uncork Capital.
In a post on his Substack, Shvets says he made 30+ angel investments after leaving the Reface CEO role. He names ElevenLabs, Haz and Practica among them. He describes having been on the other side of the table as an angel, VC and scout.
Crunchbase lists 7 personal investments for him, including Yope (seed), DreamApp (pre-seed) and Metatheory. Tracxn records an ElevenLabs investment in a Series A round on May 17, 2023. Crunchbase also lists a past role as managing partner at Imperious Group VC.
The most recent AI round on the Lounge deals desk is GRAI's $9M seed, announced April 21, 2026. TechCrunch reports the round was co-led by Khosla Ventures and Inovo VC, and lists Shvets among the participating investors. GRAI builds AI tools for remixing and sharing music.
Other AI investments include ElevenLabs, the voice AI company. His own company Mirai works on on-device AI for developers.
Shvets has backed companies at pre-seed and seed. His public record centers on AI, consumer apps and AI infrastructure for developers. He has invested in companies in Europe and the US. On Mirai's round, he wrote that he picks investors who are builders first. He has not published a check size, so none is listed here.
- ElevenLabs: voice AI company. Tracxn records his investment in the Series A on May 17, 2023.
- GRAI: AI music remix and social app. Seed round of $9M announced April 2026, co-led by Khosla Ventures and Inovo VC, with Shvets participating.
- Mirai: on-device AI inference for developers. He is a co-founder; $4M pre-seed in 2025, later a $10M seed led by Uncork Capital.
- Yope: Crunchbase lists a seed investment, his most recent entry there.
- DreamApp: Crunchbase lists a pre-seed investment announced June 2023.
- Haz and Practica: named by Shvets among his angel investments.
- dimashvets.substack.com/p/back-from-the-build-zone
- scroll.media/en/2025/07/16/mirai-raises-4m
- techcrunch.com/2026/04/21/grai-believes-ai-can-make-music-more-social-
- crunchbase.com/person/dmytro-shvets
- tracxn.com/d/people/dima-shvets/__FFoHpwM8_ukP-PVZlqORs9LPO4qkJ7ch0IKS
- tracxn.com/d/companies/refaceai/__pUdW3j7feyXXCRpvnB0cln6VWoS4K_TW3AYZ
- indiehackers.com/post/tech/hitting-250m-downloads-with-a-mix-of-virali
- x.com/dimashvets/status/2024516557687210491
Investing activity
Dima Shvets appears in 1 AI deal tracked by the Lounge deals desk, and led 1 of them. The rounds are mostly Seed, with a median round size of $9M. The most recent is GRAI (Seed, $9M, Oct 2026).
Dima Shvets most often invests alongside Greg Tkachenko, Rob Reid, Andrew Zhai and a16z Scout Fund, and the companies they back on Lounge are mostly in AI.
Deals
Frequently asked questions about Dima Shvets
Who is Dima Shvets?
Dima Shvets is a co-founder and former CEO of Reface and a co-founder of Mirai. He is also an angel investor and former a16z scout.
Did Dima Shvets invest in GRAI?
Yes. He is listed among the participating investors in GRAI's $9M seed, announced April 21, 2026. Khosla Ventures and Inovo VC co-led the round.
What is Dima Shvets's angel check size?
He has not published a check size in the sources reviewed, so none is listed here.
What stage does Dima Shvets invest in?
His public investments are mostly pre-seed and seed rounds, including DreamApp (pre-seed) and Yope and GRAI (seed).
How many angel investments has Dima Shvets made?
He says he made 30+ angel investments after leaving the Reface CEO role. Crunchbase lists 7.
Where can founders contact Dima Shvets?
He is active on X at @dimashvets and LinkedIn, and writes on Substack. He has also listed intro.co/DimaShvets on LinkedIn.
Is Dima Shvets an angel investor?
Yes. Dima Shvets invests personally as an angel.
What AI companies has Dima Shvets invested in?
Dima Shvets's AI investments include GRAI. The 1 round on Lounge are listed on this page with amounts, dates and co-investors.
What stage does Dima Shvets invest at?
In the rounds tracked on Lounge, Dima Shvets has invested at Seed, with a median round of $9M. Dima Shvets led 1 of those rounds.
Who does Dima Shvets co-invest with?
Dima Shvets's most frequent co-investors on Lounge are Greg Tkachenko (1 deal), Rob Reid (1 deal), Andrew Zhai (1 deal), a16z Scout Fund (1 deal) and Flyer One Ventures (1 deal).