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1991 Ventures in London joins the growing list of VCs aimed at Ukrainian startups
UK-based limited partners Venrex and Samos Investments are this week backing the launch of a new VC primarily aimed at investing in startups led by UK-based limited partners Venrex and Samos Investments are this week backing the launch of a new VC primarily aimed at investing in startups led by Ukrainians inside and outside the war-torn country. The LPs are better known for being early institutional investors in the successful early stage startup funds Seedcamp and Entrepreneur First.
Over an interview Denis Gursky, Founding Partner of 1991 Ventures told me: “There is a wealth of untapped talent in Ukraine and Central and Eastern Europe… My brother, Viktor, and I want to create a pipeline of high-quality dealflow to that.” There is also Ukrainian VC fund, Roosh Ventures, which has previously backed Reface AI – a face swap app with 250m+ downloads and Deel – a payroll solution that enables companies to pay people in 150+ countries. SMRK – launched in 2013 by Oleksandr Kosovan, founder of MacPaw, and Andrii Dovzhenko – has invested in Osavul, Deus Robotics, Aspichi, and Prengi.
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