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Blue Lake Venture Capital
Blue Lake Venture Capital is a London-based pre-seed and seed fund backing immigrant founders in B2B software, run by David Gilgur and Lyubov Guk.
Blue Lake Venture Capital
Blue Lake is a UK based early-stage VC that uncovers, invests, and support exceptional founders before they come on to the radar of the mainstream investor community
General information
Firm type
Venture Capital
Year founded
—
AUM
Undisclosed
Location
Region
Europe
Country
United Kingdom
City
London
Corporate office
Lincoln House, 2nd Floor, 296-302 High Holborn, London, United Kingdom
Principals
David Gilgur
Founding Partner
Lyubov Guk
Founding Partner
Sector focus
Frequently asked questions
Who runs investment decisions at Blue Lake Venture Capital?
Founding Partners David Gilgur and Lyubov Guk lead investment decisions. Gilgur previously founded an international trade consultancy and worked in global data at Bloomberg; Guk began her career in corporate finance in Ukraine before moving to London. Both are directly involved in the firm's accelerator programme and portfolio support.
How does Blue Lake VC source proprietary deal flow?
The firm maintains a dedicated accelerator programme that serves as a primary sourcing mechanism. Startups join a three-month curriculum with mentorship, dedicated partner support, and a London roadshow that culminates in a pitch to early-stage investors. This structure draws international, immigrant-led startups into the UK ecosystem before they appear on the radar of mainstream funds.
Is Blue Lake VC structured as a single family office or does it operate more like a venture firm?
Blue Lake Venture Capital operates as an institutional venture capital firm, not a family office. It manages third-party capital through a fund structure and is currently raising a new VC vehicle. The firm also runs Oasis London, a co-working and community space for international founders.
Does Blue Lake VC participate in fund commitments or only direct deals?
Blue Lake executes direct equity investments into startups, primarily through its accelerator and direct pre-seed and seed rounds. There is no public indication that the firm makes commitments to external funds.
What investment stages does Blue Lake VC typically target?
The firm targets pre-seed and seed rounds exclusively. Its accelerator programme provides an initial investment to participating startups, with follow-on funding tied to mutually agreed milestones.
How is Blue Lake VC related to its founders' previous ventures?
David Gilgur previously founded an international trade consultancy before launching Blue Lake VC. Lyubov Guk moved from corporate finance in Ukraine to co-found the firm. The team's experience in helping international founders navigate the UK market is positioned as a direct input to the firm's strategy and accelerator design.
Does Blue Lake VC maintain philanthropic structures, and how are they separated?
There is no disclosed philanthropic foundation associated with Blue Lake VC. The firm operates Oasis London as a community and co-working initiative for international founders, which sits within the commercial entity rather than a separate charitable structure.
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