TechCrunch: VC and native Ukrainian Alex Iskold is funneling money to Ukranian refugees, $1K at a time

Alex Iskold is the co-founder and managing partner of a venture firm, 2048 Ventures. He previously spent five years with Techstars as the managing director of its New York City program, where he invested in and helped more than 100 startups.

Now, Iskold is reviving that earlier operation, dubbed the The 1k Project Ukraine, to provide much-needed help to Ukrainian refugees who’ve fled the country, as well as families that remain trapped within its borders, are suddenly jobless and, in a growing number of cases, no longer have a place to call home.

I never thought I would have to restart the 1K Project, but as soon as I realized what [Russia’s invasion of Ukraine] would mean,” he started making calls, he says.


Iskold’s network has been quick to heed the call for help. Since tweeting out the news 11 days ago that he was resuscitating the 1K Project to funnel money to Ukrainians, a network of 30 volunteers, from developers to data analysts, has sprung into action to spread the word and ease the path to helping sponsor and recipients reach each other.

As Iskold explains it, “The most powerful thing we’ve built is a distributed network [that quickly enables] sponsors and families to apply. Interested parties can find the forms on our site. There is a lightweight vetting process for sponsors and more strict vetting process for recipients. But once the sponsor and the family are approved, they get matched, and the sponsor is texted or emailed directions on how to fund the family through [the only money transfer service]”

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Refugees from Ukraine who arrived to Krakow due to ongoing Russian attacks on Ukraine are seen at a temporary shelter inside the reception point organized in a former historic building of railway station in Krakow, Poland on March 11, 2022
Ukrainian entrepreneurs donate to the military-1
Support Ukraine!
Come Back Alive is one of the largest charitable foundations that supports Ukrainian soldiers, founded by the IT specialist Vitaliy Deynega. The organization collected more than 210 million UAH (more than $7M) in 2014. According to Na chasi, the Patreon page Come Back Alive is in the top ten projects by the number of financial donations.


There are several other organizations to support:

  • Army SOS, which develops drones;
  • Everybody Can, an organization that supports internally displaced people;
  • Help on the Ministry of Defense website.