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One Way Ventures, a firm focused on immigrant founders, closes second fund

One Way Ventures, a venture capital firm that backs immigrant founders, has closed its second fund at $57.5 million. The close comes three years after One Way announced its debut fund, a $28 million investment vehicle.
The new fund will allow One Way to grow their check size from $500,000 to $1 million, giving them the ability to lead institutional seed rounds at a faster clip, says founding partner Semyon Dukach. The bigger fund is par for the course now that the debut fund has been invested out, but also indicates how the seed boom is flourishing, forcing investors to recapitalize to stay competitive.
One Way is one of the few venture capital firms with an explicit focus on backing immigrant founders. Another firm that backs immigrants and helps them stay in the country is Unshackled Ventures, which last closed a $20 million fund in 2019.
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