Co-founder of Globevestor establishes a micro-VC company with offices in the US, India, and Canada
- ByStartupStory | January 24, 2023
The founder of Globevestor just revealed the opening of Momentum Capital, a brand-new international micro-VC firm. Momentum Capital, which has offices in Canada, India, and the US, focuses on seed-stage Indian startups and uses its extensive international network to support their international expansion.
Ankur, who co-founded Globevestor in 2013, has backed more than 40 startups, including the successes Agnikul, Springboard, Zoomcar, Devtron, Good Health Company, Flintobox, and many others. His prior investments span a variety of sectors, including EdTech, SaaS, and the environment. His previous portfolio companies have garnered more than $500 million in capital from Sequoia, Accel, Y Combinator, Khosla Ventures, Menlo Ventures, Insight Partners, Foundation Capital, and others, and are currently valued at more than $1.5 billion.
“At Globevestor, we successfully pioneered a focused cross-border, hybrid-VC approach to investing across the US-India corridor to support Indian startup founders. Momentum Capital is an organic jump in the journey to deeply leverage our global network & cross-border presence for the benefit of Indian startup founders,” Ankur Shrivastava (Founder & Managing Partner, Momentum Capital) shared.
Momentum Capital aggressively supports entrepreneurs’ global scaling thanks to its multi-national workforce and extensive network in Canada, India, and the US. Its strong and impressive network of advisors and partners includes Bill Draper (Founder, Sutter Hill Ventures), Adam Draper (Founder, Boost VC), Adeo Ressi (Chairman, Founder Institute), Mike Suprovici (Head of Acceleration, VC Lab), Abhilash Singh (Founding Partner, Auctus Advisors), and several global CXOs from top VC/PE firms, tech giants, blitzscalingstartups and top consulting firms.
“We’ve consciously chosen a strong set of advisors, investors, and venture partners across continents and verticals, to supercharge access to global capital and knowledge for Indian founders at the seed stage itself. I’ve shifted base to North America recently to double down on this further,” Ankur added.
The company has already finalized a few stealth investments, and despite being generally sector-agnostic, it will have a preference for technology businesses with a focus on the environment, health, and SaaS.
Although a few globally competitive firms have been developed in India in recent years, the company predicts that a large number of future global tech stars will be born in India.
“Despite the ongoing funding winter, it remains a great time to build for Indian entrepreneurs. We aim to work with passionate founders building for India and the world with more financial discipline. We are here to support them in their quest to win anywhere in the world,” Ankur signed off.
Momentum Capital is a multinational micro-VC business with operations in Canada, the United States, and India. It invests in pre-seed and seed stage Indian technology startups across industries, with a preference for SaaS, health, and the environment. The company boosts global network leverage for Indian founders at the earliest stages thanks to a robust group of advisors, investors, and partners with substantial investing experience distributed across continents & verticals.
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