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The News Scroll 09 April 2021
Last Updated at 1:01 pm | Source: PTI
Speciale Invest raises Rs 120 cr as part of new fund for early-stage startups Outlook April 09, 2021 13:01 IST Speciale Invest raises Rs 120 cr as part of new fund for early-stage startups outlookindia.com 1970-01-01T05:30:00+0530
New Delhi, Apr 9 (PTI) Speciale Invest, a seed-stage venture capital firm investing in deep technologies, on Friday said it has raised Rs 120 crore as part of its Rs 140 crore-Speciale Invest Continuity Fund I. Speciale Invest Continuity Fund I is the second fund raised by Speciale Invest. Speciale had raised its first fund of USD 10 million (over Rs 60 crore) in 2018, and has invested in 14 startups so far, with an average deal size of sub-USD 500,000.
India: Speciale Invest makes first close of second fund at $19m
Photo by Josh Appel on Unsplash
April 9, 2021
Seed-stage investor, Speciale Invest, on Friday announced the first close of its second fund, at ₹140 crore as it looks to further invest in deep tech startups.
Through the new fund raise, Speciale Invest expects to fund about 18-20 startups in the space of enterprise software products, developers tools and frontier technologies, including space tech, robotics, photonics, and alternative energy.
The early-stage backer which closed its first fund in 2018 has invested across 14 cutting-edge startups so far, with an average deal size of under $500,000.