- One Way Ventures — a Boston-based venture capital firm that backs companies with at least one immigrant founder — announced it closed a second fund at $57.5 million
One Way Ventures — a Boston-based venture capital firm that backs companies with at least one immigrant founder — announced that it has closed its second fund at $57.5 million. And One Way Ventures partner Lex Zhao told Biz Journals said that the fund had closed on January 1. A total of 168 investors put money into the offering, according to regulatory filings.
One Way Ventures was launched by immigrants and former Techstars Boston directors Eveline Buchatskiy and Semyon Dukach. And One Way Ventures has backed over 40 immigrant-founded companies, including Sentenai and LovePop.
Last year, One Way Ventures announced it was planning to open an office in the Bay Area of California. And the firm also promoted Eugene Malobrodsky to partner — who will also build out the firm’s West Coast offices.
The second fund is about double the size of the firm’s inaugural fund — which closed in 2018 at $28.5 million. With the new larger fund, One Way Ventures will make larger investments in companies and lead more funding rounds.