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Early-stage venture capital firm First Cheque to invest in 15-20 startups
Economic Times
ยท
9m ago
Medial
Early-stage venture capital firm, First Cheque, plans to invest in 15-20 startups from its third cohort over the next 18 months. The average first cheque size will be up to $500,000. The firm, which is under the umbrella of India Quotient Venture Capital, focuses on pre-seed investments, particularly in direct-to-consumer (D2C) startups. They aim to support truly differentiated D2C brands, especially in categories with an empty market. So far, First Cheque has invested in over 130 startups, including companies such as Giva, Rocketlane, Seekho, Fleetx, DrinkPrime, and Simplismart.
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First Cheque Seeks To Back 15-29 Startups From Third Cohort
Inc42
ยท
9m ago
Medial
First Cheque, a Mumbai-based venture capital firm, is set to invest in 15-29 startups over the next 18 months. Among its portfolio companies are startups like Giva, Rocketlane, and Seekho. As part of this investment, these startups will receive an average first cheque size of nearly $500,000. Founded in 2008, First Cheque focuses on seed to early-stage companies in the software, AI, and IT sectors.
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Pakistan's i2i Ventures taps offshore LP for maiden fund
VCCircle
ยท
1y ago
Medial
Pakistan's early-stage venture capital firm, i2i Ventures, is planning to raise capital from an overseas limited partner for its first fund. The i2i Venture Capital Fund I LP is aiming to raise up to $15 million to invest in pre-seed and seed-stage technology startups in Pakistan. The move reflects increasing interest and investment potential in Pakistan's tech startup ecosystem.
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Pavestone VC Bags INR 15 Cr From Colruyt Group India For Its INR 900 Cr Fund
Inc42
ยท
1y ago
Medial
Pavestone Venture Capital aims to invest INR 900 Cr in 12-15 growth-stage startups through its first fund. It also plans to invest in early stage firms, focusing on industries like spacetech, 5G infrastructure, blockchain, quantum computing, and EV components. The firm has already invested in companies like E42, NewSpace Research & Technologies, LivNSense, and Bellatrix Aerospace.
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US VC QED investors set to deploy $300 million in India, APAC
Economic Times
ยท
3m ago
Medial
QED Investors, a US venture capital firm, plans to invest $250-$300 million in early and growth-stage startups in India and the Asia Pacific region. With a $925-million fund raised in 2023, the firm targets growth-stage companies, deploying $3-$20 million for first checks and $20-$50 million for growth investments. Previously, QED invested $220 million across Asia, focusing on fintech and embedded finance, with investments in Indian startups like Jupiter and OneCard.
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โRidiculous seed-stage valuations have goneโ
Livemint
ยท
1y ago
Medial
Venture capital firm Capital A, co-founded by Ankit Kedia, plans to raise its second fund after successfully launching its first fund in 2021. The firm has invested in around 20 startups, including Tan90, DigiSparsh, and Credit Fair. Capital A focuses on early-stage investments in the fintech and climate-tech sectors. Kedia believes that early-stage valuations have undergone a correction, with ridiculous seed-stage valuations disappearing. The firm aims to invest in meaningful businesses and is looking to attract external limited partners for its upcoming fund.
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Sunicon Ventures closes maiden fund, aims to invest in 20 startups
VCCircle
ยท
1y ago
Medial
Sunicon Ventures has successfully closed its maiden fund, raising a total of Rs 30 crore. The venture capital firm, founded in 2022, plans to invest in 20 technology startups across different domains. They are currently deploying the fund to support early-stage companies.
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As European dynamism gathers momentum, Elaia and partners double down with new deep tech fund
TechCrunch
ยท
1y ago
Medial
French venture capital firm Elaia has closed its third deep tech seed fund, DTS3, after raising โฌ60m ($72m) in its first closing. The fund is set to reach โฌ120m once completed in early 2025. Elaia aims to invest in around 40 early-stage B2B deep tech startups focusing on computing, industry and life sciences. The firm will invest in Europe mainly, with 20% open to the rest of the world. Elaia has already identified three startups to join its portfolio. The firm has previously invested in firms such as biotech company Mablink Bioscience, which was acquired by Eli Lilly.
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Equirus Marks First Close For Maiden Early-Stage VC Fund
Inc42
ยท
1y ago
Medial
Equirus, an investment banking services company, has announced the first close of its early stage venture capital fund. The fund, called Equirus InnovateX Fund (EIF), plans to raise a minimum of $25m to invest in tech startups, particularly in the software-as-a-service (SaaS), deeptech, and fintech sectors. The fund aims to invest in 15-20 startups this year, with ticket sizes between $500k and $1m. EIF has already acquired an AIF Category I license from the Securities and Exchange Board of India.
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Early-stage VC firm GrowthCap Ventures marks first close
VCCircle
ยท
1y ago
Medial
Early-stage venture capital firm GrowthCap Ventures, founded by Pratekk Agarwaal, has announced the first close of its maiden fund, raising Rs 20 crore ($2.7 million). The fund, which aims to invest in startups across fintech, deeptech, and software-as-a-service (SaaS) sectors, has a target corpus of Rs 50 crore ($6 million). GrowthCap Ventures, with an average ticket size of Rs 2-6 crore, plans to invest in 10-12 startups in the next 20 months. The firm intends to launch a winners fund with an estimated corpus of Rs 250 crore ($34 million).
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Women-led Africa VC firm First Circle Capital set to get LP cheque for debut fund
VCCircle
ยท
2m ago
Medial
First Circle Capital, an Africa-focused venture capital firm, is poised to onboard an American limited partner for its debut fund. Specialized in supporting early-stage fintech startups across Africa, this female-led firm is based in Casablanca, Morocco. Co-founders Selma Ribica and Agnes Aistleitner Kisuule lead the initiative, aimed at boosting financial technology innovation on the continent. The new LP commitment marks a significant step for the firmโs investment strategy.
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