Speciale Invest launches second fund to invest in deep tech startups

drawlab@Freepik
SaaS News -Speciale Invest launches second fund to invest in deep tech startups(source: SaaS Industry)
Powered by SaaS Industry
At a Glance

Announcing the first close of its second fund worth ₹140 crores ($18.73 million), Speciale Invest, a seed-stage investor, is looking to develop in about 18-20 deep tech startups.


Startups like enterprise software products, developers tools, and frontier technologies like space technology, robotics, photonics, and alternative energy fall under the Speciale Invest’s radar. They had closed their first fund during 2018 with investment across “14 cutting-edge startups” at a deal size worth under $500,000.

Having invested and advised over 30 companies across India, Israel, and the Valley in their venture, Speciale Invest helps build startups from ground zero. They have invested in several enterprise software companies such as Wingman, True Lark, TotalCloud, Scapic, also hardware startups like The ePlane Company, Agnikul, AstrogateLabs, CynLr (Cybernetics Laboratory), Kawa Space, and others.

Commenting on the second fund launch, Vishesh Rajaram, managing partner at Speciale Invest, stated the move would reaffirm their commitment towards looking out for entrepreneurs having “unconventional ideas in building futuristic companies.” 

We are excited to boost the deep-tech startup ecosystem in India amid the ongoing pandemic. The oversubscribed round of funding and interest in our subsequent round demonstrates the support of our investors in our team in creating a long-standing venture institution.” Vishal added.

The investment strategy and portfolio construct shall be the same for all funds. Stating that Speciale Invest constructs its learning from the first fund portfolio to scale up exploration in more recent areas of technology and science-led disruption, Arjun Rao, general partner at Speciale Invest, expressed his satisfaction on the launch.

“We’re thrilled that our second fund enables us to continue this journey of partnering with early-stage founders building companies at the bleeding edge of innovation from India”, Arjun added.

Total
0
Shares
Previous News Post
Next News Post
Related Posts

Become SaaS smart in just 5 minutes

Get the daily email that makes reading the SaaS news actually enjoyable. Stay informed and stimulated, for free