Actually they have no VC in the traditional sense! They did private investment rounds, and I think they raised like 400k from like 60 investors or something. The actual numbers might be off, but I remember looking into this and it was lime 10/20k per investor on average, basically retail amounts.
So does US one in Palestine. So does UAE, and many more. It’s not a matter of “everyone bad” is the fact that legitimately if the criteria is no paying anybody in a country that is involved in killing people, or that uses services from such a country, you reach everyone. And in this case it would be not using kagi directly as a US company.
The war in Ukraine is much closer to me, but if we are talking principles I need to understand that a person from Lebanon or Palestine, or other places might have different perspective and they would demand that “we don’t do business to X” has a different “X”. So to accommodate most or all of these perspectives, you need to necessarily include more countries, as the Russian invasion of Ukraine is not the only active war at the moment.