News Summary

Geek Ventures, founded in 2021 by Ihar Mahaniok, is in the process of raising its second fund, as indicated by a recent SEC filing. The firm focuses on investing in early-stage immigrant founders, having already made over 60 investments in companies like Spice AI and Saturday. The first fund, Geek Ventures Fund I, amounted to $23 million and aimed to support pre-seed and seed-stage technology startups. Fund II has raised $9 million so far, with no target amount specified. Geek Ventures continues to emphasize the importance of providing opportunities to immigrant founders in the venture capital ecosystem.