In a move that signals resilience and optimism amid challenging times, Ukrainian brothers Denis and Viktor Gursky have successfully secured £15 million in funding for their venture capital firm, 1991 Ventures. The funding, supported by UK investors Venrex and Samos Investments, is poised to inject vitality into the tech startup ecosystem not only in Ukraine but across Central Eastern Europe (CEE).
Empowering Tech Startups Amidst Adversity
Image Source: tech.eu
Despite the ongoing conflict in Ukraine, the Gursky brothers remain committed to driving innovation and economic growth in the region. Their latest venture, 1991 Ventures, is focused on empowering mission-driven tech startups that have the potential to make a significant impact on the industry and society at large.
Denis and Viktor Gursky bring a wealth of experience and expertise to the table. They have been actively involved in fostering innovation through initiatives such as SocialBoost and the 1991 Accelerator, which have collectively nurtured over 200 startups since their inception in 2016.
A Strategic Investment for Growth
The £15 million funding secured by 1991 Ventures will be strategically deployed to invest in more than 40 promising companies in Ukraine and the broader CEE region. Beyond financial support, the fund aims to provide mentorship, valuable connections, and essential resources that are crucial for startups to scale and succeed in a competitive market landscape.
Speaking about the funding, Denis Gursky emphasized the importance of supporting entrepreneurs during challenging times. He stated, “Despite the geopolitical challenges we face, there is immense talent and potential in Ukraine and CEE. We believe that by investing in innovative startups and providing them with the necessary support, we can contribute to building a thriving tech ecosystem in the region.”
Beacon of Hope for Tech Innovation
The investment from Venrex and Samos Investments underscores confidence in the vision and capabilities of 1991 Ventures. It also serves as a testament to the resilience and determination of entrepreneurs like Denis and Viktor Gursky, who continue to drive positive change despite external uncertainties.
As the tech startup scene in Ukraine and CEE receives a significant boost, stakeholders are optimistic about the potential for groundbreaking innovations and impactful solutions to emerge. The collaboration between investors and visionaries like the Gursky brothers sets a promising precedent for the future of tech entrepreneurship in the region.
With a strong foundation, strategic investment, and unwavering commitment to fostering innovation, 1991 Ventures is poised to play a pivotal role in shaping the next generation of tech startups and propelling economic growth in Ukraine and CEE.
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