Geek Ventures is in the process of raising its second fund, following a successful debut fund of $23 million. Founded by Ihar Mahaniok, who himself is an immigrant from Belarus, the firm emphasizes investing in early-stage immigrant founders, highlighting the disparity in opportunities available despite equal talent distribution. The firm, which specializes in sectors like SaaS, hardware, and deep tech, has already invested in over 60 companies, including notable startups like Spice AI and Saturday. Fund II currently has $9 million raised, with no specified target amount.
"Talent is equally distributed, but opportunity is not," he told us at the time.
Geek Ventures focuses on SaaS, hardware, and deep tech, and has made more than 60 investments to date.
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