Java Capital on Monday launched its third fund, with a goal corpus of Rs 400 crore, together with a greenshoe choice of Rs 150 crore, because the Bengaluru-based enterprise agency doubles down on early-stage deeptech investments.
In accordance with a press release, the brand new fund is a step up in scale for the seed-stage investor, which advanced from a micro-VC fund to an institutional deeptech fund, usually describing itself as a “first-cheque” associate to founders constructing mental property-led firms from India for world markets.
The brand new automobile will give attention to seed-stage firms in sectors, together with semiconductors, spacetech and aerospace, cybersecurity and defence applied sciences, robotics and bodily intelligence, AI infrastructure and vertical AI, superior manufacturing and supplies, vitality and local weather infrastructure, quantum methods, and artificial biology.
“At Java Capital, we now have all the time believed that the subsequent decade of worldwide innovation will probably be formed by onerous science and deep engineering. With Fund III, we’re reinforcing that conviction. India has emerged as a worldwide hub for deeptech expertise, and we purpose to be the primary institutional associate for founders constructing frontier applied sciences,” stated Vinod Shankar, Co-founder and Accomplice, who is predicated in Bengaluru.
The agency plans to put money into 15 to twenty firms over the subsequent three to 4 years. It can lead or co-lead rounds with preliminary investments of Rs 6 crore to Rs 8 crore and has earmarked follow-on reserves to again portfolio firms via Sequence A and later phases.
Java Capital was based by Shankar and Bhargavi Vijayakumar, who is predicated within the US. The agency stated its cross-border presence helps startups entry prospects, expertise, and capital in each markets.
“The very best Indian deeptech firms will probably be world from the beginning—that’s the shift we’re seeing. I spend most of my time within the US serving to our founders determine who to speak to and find out how to get within the door. By being embedded in each markets, we assist founders suppose globally from day one. Java Capital Fund III is a launch platform for Indian IP, not simply capital assist,” Vijayakumar stated.
Java Capital’s present portfolio consists of Agnikul, Lightspeed Photonics, Eplane, Cynlr, Okulo Aerospace, Oorja Vitality, and Healium.
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