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1991 Ventures in London joins the growing list of VCs aimed at Ukrainian startups

TechCrunch · 1y

UK-based limited partners Venrex and Samos Investments are backing the launch of a new venture capital firm, 1991 Ventures, focused on investing in Ukrainian and Central Eastern European (CEE) startups. The firm, founded by Ukrainian brothers Denis and Viktor Gursky, aims to tap into the untapped talent in the region and provide pre-seed or seed funding to Ukrainian founders who struggle to access larger rounds of funding, particularly in London. The Gursky brothers have previously backed over 200 startups through their incubator Social Boost and their 1991 Accelerator. The Ukrainian startup ecosystem is thriving, with several other local VC firms also supporting the region's entrepreneurs.