The firm plans to invest in one or two companies a month, targeting 60 total investments for Fund I, with investments ranging from $50,000 to $1 million. So far, Geek Ventures has invested in 35 companies, including Filmustage and Spice AI. The team includes Vadim Rogovskiy, a partner at Geek Ventures and co-founder and CEO of 3DLOOK, and investment analysts Maksym Strukov and Sviatoslava Luhovets.
Key takeaways:
- Geek Ventures, a venture capital firm founded by Ihar Mahaniok, has launched its first fund with $23 million in capital commitments to invest in immigrant tech founders at the pre-seed and seed stages.
- Mahaniok, an immigrant himself, aims to create more opportunities for immigrant entrepreneurs and help them make connections within the U.S. venture capital ecosystem.
- The firm has already invested in 35 companies and plans to invest in one or two companies a month, targeting 60 total investments for Fund I, with investments ranging from $50,000 to $1 million.
- Mahaniok looks for startups that are solving real customer problems now and have a very ambitious vision for the future, with the potential to grow into a world-changing company.