TLDR:
- Ukrainian brothers Denis and Viktor Gursky secure £15M funding for 1991 Ventures to boost tech startups in Ukraine and CEE
- Funding backed by UK investors Venrex and Samos Investments
Despite the ongoing conflict in Ukraine, a new London-based venture capital firm, 1991 Ventures, led by Denis and Viktor Gursky, has secured a £15 million fund to empower tech startups in Ukraine and Central Eastern Europe (CEE). The funding, backed by UK investors Venrex and Samos Investments, aims to boost mission-driven companies in the region. The Gursky brothers have a track record of fostering innovation in Ukraine through initiatives like SocialBoost and the 1991 Accelerator, nurturing over 200 startups since 2016. The fund will be used to invest in over 40 companies and provide mentorship, connections, and resources to accelerate growth.
