Geek Ventures, an NYC-based venture capital firm, recently closed its inaugural fund of $23 million to invest in pre-seed and seed stage technology startups founded by immigrants. The firm was founded by Ihar Mahaniok, an immigrant engineering veteran with more than 20 years of experience, after he noticed the difficulties immigrant entrepreneurs faced when trying to raise capital and make connections within the U.S. venture capital ecosystem.
Geek Ventures is aiming to bridge the gap between immigrants and U.S. investors. It wants to help immigrant founders build venture capital connections, grow their professional networks and break into the U.S. market. The firm is targeting 60 total investments for Fund I, with investments ranging from $50,000 to $1 million.
The fund is backed by angel investors, entrepreneurs and CEOs from institutions like Applovin, PandaDoc, Decile Capital Premier Fund I and others.
