G1 Venture Capital

Managing partner and co-founder Arseny Klekovkin leads investment decisions, drawing on a background in venture capital and investment banking. Partner Anton Sulin focuses on the firm's Web3 and blockchain pipeline, reflecting a specialized allocation of decision-making within that vertical. The compact leadership structure suggests Klekovkin retains final sign-off authority.

G1's sourcing model relies heavily on co-investor networks, with Borderless Capital and Gnosis appearing as frequent partners in decentralized finance and infrastructure rounds. The firm's London base and Klekovkin's regional ties to the broader Eastern European and Central Asian tech diaspora — including a connection to inDrive founder Arsen Tomsky — appear to inform origination. This is a network-driven, syndicate-oriented sourcing strategy rather than one built on centralized outbound origination.

The firm primarily executes direct equity and token-based investments across seed and growth stages. There is no public evidence of G1 acting as a limited partner in external funds. Its disclosed cryptocurrency portfolio suggests a preference for maintaining direct exposure to the assets it underwrites, consistent with a single-balance-sheet direct-investment posture.

G1 targets early-stage, seed, and growth rounds, with a concentration at the seed and Series A intersection where Web3 projects typically transition from protocol development to mainnet launch. The co-investment pattern with Borderless Capital and Gnosis — both known for early-stage Web3 allocations — reinforces this stage focus.

Co-investment is central to G1's model. The firm regularly participates in rounds led or populated by Borderless Capital, Gnosis, and other Web3-native allocators, suggesting it operates as a complementary participant rather than a price-setting lead in most syndicates. This posture allows it to access deal flow without maintaining the large origination teams typical of lead-stage generalist venture firms.

No philanthropic foundation or donor-advised vehicle is publicly associated with G1 Venture Capital. The firm's structure, insofar as it can be observed, appears limited to the core investment company and its proprietary cryptocurrency portfolio, with no separately disclosed charitable arm.

G1 holds a cryptocurrency portfolio alongside its venture equity positions, giving it a hybrid treasury that can absorb both illiquid fund commitments and liquid token exposure. This structure means the firm can participate in token warrant or SAFT agreements without needing a separate liquid-token fund, though it also blurs the line between fund-level and balance-sheet-level risk that a limited partner might scrutinize.