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Blue Lake VC is a venture capital firm established to support and invest in immigrant founders in the United Kingdom. Founded by Lyubov Guk, a Ukrainian immigrant, the firm emphasizes the importance of diversity and inclusion in the entrepreneurial landscape. Blue Lake VC aims to leverage the unique perspectives and experiences of immigrant founders to drive innovation and growth within the startup ecosystem.
Currently based in London, Blue Lake VC focuses on early-stage investments, particularly in the pre-seed and seed stages. The firm has a portfolio of six companies, reflecting its commitment to backing startups led by immigrant entrepreneurs. Blue Lake VC is actively preparing to launch a new, larger fund while pausing new investments, indicating a strategic approach to scaling its operations and impact.
Through partnerships with organizations like Innovate UK Business Connect and Team SY, Blue Lake VC demonstrates its integration within the UK startup support infrastructure. The firm is dedicated to fostering a diverse entrepreneurship ecosystem, ensuring that immigrant founders receive the necessary resources and guidance to succeed.
Blue Lake VC primarily invests in early-stage companies at the pre-seed and seed stages, with a strong emphasis on B2B software solutions. The firm is sector-agnostic but prioritizes startups led by immigrant founders, recognizing their potential for outsized success in the competitive startup environment. This focus on immigrant entrepreneurs stems from the belief that they often bring unique insights and experiences that can drive innovation.
The investment thesis of Blue Lake VC highlights the significant potential of immigrant founders, who are frequently overlooked by traditional investors. The firm seeks to identify and support B2B software startups that demonstrate scalability and capital efficiency. Blue Lake VC aims to provide not only financial backing but also hands-on support to help these companies navigate the challenges of early-stage growth.
Blue Lake VC's portfolio includes six notable companies, each contributing to the B2B software landscape:
Lyubov Guk: Founding Partner. Lyubov is a Ukrainian immigrant with a background in corporate finance. Her personal experience as an immigrant founder informs the firm's investment thesis. She is also a mentor at Seeds of Bravery, an EU mentorship program for Ukrainian founders.
David Gilgur: Founding Partner. David brings extensive experience in venture capital and startup development, contributing to the strategic direction of Blue Lake VC.
To pitch Blue Lake VC, founders should submit their proposals through the application page on their website at bluelakevc.com. It is recommended to include a comprehensive pitch deck that outlines the business model, market opportunity, and team qualifications.
Founders should expect a response within a few weeks, and while warm introductions can be beneficial, they are not strictly necessary. Clear communication of the startup's vision and potential impact is essential for consideration.
As of April 2025, Blue Lake VC is preparing to launch a new, larger fund while pausing new investments. This strategic move indicates the firm's commitment to scaling its operations and enhancing its impact on the startup ecosystem.
In April 2025, a portfolio company raised a $2.2 million pre-seed round, showcasing the firm's active involvement in supporting its startups. Blue Lake VC continues to promote its mission to support immigrant founders through partnerships with organizations like Innovate UK Business Connect.
What are Blue Lake VC's investment criteria?
Blue Lake VC invests primarily in early-stage companies at the pre-seed and seed stages, focusing on B2B software solutions. The firm prioritizes startups led by immigrant founders, recognizing their potential for significant success.
How can I apply or pitch to Blue Lake VC?
Founders interested in pitching to Blue Lake VC can visit their application page at bluelakevc.com. It is advisable to prepare a detailed pitch deck that outlines the business model, market opportunity, and team background.
What makes Blue Lake VC different from other investors?
Blue Lake VC is distinct in its commitment to supporting immigrant founders, who are often overlooked by traditional investors. The firm leverages the unique experiences of these founders to drive innovation and growth in the startup ecosystem.
What is the geographic scope of Blue Lake VC's investments?
The firm focuses on investments within the United Kingdom, specifically targeting startups founded by immigrant entrepreneurs.
What is Blue Lake VC's approach to post-investment involvement?
Blue Lake VC provides hands-on support to its portfolio companies, leveraging the founders' unique experiences and networks to foster growth and innovation. This includes mentorship and strategic guidance tailored to the specific needs of each startup.
What is the size of Blue Lake VC's current fund?
The specific fund size has not been disclosed, but Blue Lake VC is currently preparing to launch a new, larger fund to enhance its investment capacity and impact.
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