Java Capital concludes Rs. 50 Cr fund; Eyes Rs. 25 Cr greenshoe option
- ByStartupStory | October 31, 2023
Java Capital, a micro venture capital fund based in Bengaluru, has officially concluded its Rs. 50 crore fund. This fund attracted participation from undisclosed founders and High Net Worth Individuals (HNIs) hailing from India, the Middle East, and the United States. Java Capital’s investment focus centers on deeptech, climate tech, and B2B SaaS startups.
Notably, the fund has already provided support to ventures like AuditCue, Okulo Aerospace, and Oorja. In response to sustained interest from Limited Partners (LPs), Java Capital is planning to introduce a Rs. 25 crore greenshoe portion. A greenshoe option enables a venture capital firm to raise additional capital from investors beyond its initial target corpus in the presence of robust demand.
Founded by Karteek Pulapaka, Bhargavi V, and Vinod Shankar, Java Capital initially began as an angel syndicate platform in 2020 before transitioning into a micro VC fund, receiving an alternate investment fund (AIF) license in 2022. Java Capital maintains a distinct focus on three primary areas: Software-as-a-Service (SaaS)/enterprise software, deeptech, and climate tech.
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The fund actively seeks investment opportunities in Tier II cities such as Jaipur, Surat, and Udupi, with a particular interest in startups at the seed or pre-seed stages.
Through its fund, Java Capital has extended support to various companies, including Agnikul Cosmos, The Eplane Company, Cynlr, KUKU FM, Eat Better, Codingal, and YellowMetal.
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