London-based investment firm 1991 Ventures, founded by Ukrainians Denis and Victor Gurskyi, has informed AIN that it has attracted an investment from international fund of funds Allocator One, which will join the fund as an LP (Limited Partner).
- In a comment to AIN, Victor Gurskyi confirmed that this is an additional fundraising for their £15 million fund to invest in Ukrainian and CEE startups.
- 1991 Ventures also assured that the new investor will not influence the fund's strategy in any way.
- In addition, the fund plans to invest in 10-12 technology startups in 2025, not excluding the possibility of follow-on investments in portfolio companies that will raise further round.
In total, 1991 Ventures aims to invest in more than 40 companies over the life of the fund. AIN recalls that in 2024, the fund invested in five startups, including Deus Robotics - $3 million seed round and LetsData - $1.6 million pre-seed round.
About Allocator One
Allocator One is an international fund of funds dedicated to supporting newly established venture capital funds. Its model provides for anchor investments of €1 to €3 million per fund, as well as a 1% management fee and 10% of the carried interest for the fund managers.
"As visionary bridge-builders between emerging markets and global capital, Denis and Viktor are guiding 1991 Ventures to reshape the future of CEE and Ukrainian innovation. Under their leadership, 1991 Ventures isn’t just fueling startups; it’s building a legacy of change in the heart of Europe", says Michael Ströck, Founding Partner of Allocator One
