Physis Capital expects to begin investing in promising firms by October
- ByStartupStory | June 7, 2022
Physis Capital, a venture capital firm, aims to close its first round of funding in the next four months, with a goal of raising $50 million in a year, while capital deployment into promising firms may begin as early as October, according to a top official. Inflection Point Ventures (IPV), a CXO-led angel investing platform, unveiled its fund Physis Capital earlier this year to invest in entrepreneurs seeking pre-Series A through Series B funding.
The Securities and Exchange Board of India (SEBI) has approved the fund, which wants to establish a portfolio of 15-20 businesses with a minimum ticket size of $2 million. The new fund will have a $50 million corpus with a $25 million greenshoe option. Vertical commerce, consumer technology, social/content creation, business to business SaaS (Software as a Service), and corporate technology will all be areas where it will aggressively invest.
Ankur Mittal, the partner at Physis Capital stated that Physis Capital is a new company, but IPV, an angel investment platform, is not. The company has shown itself over the previous four years and that’s where Physis Capital’s pledges have come in. Physis Capital has attracted the attention of a number of family offices and significant investors. From here on out, the first goal will be to close a $10 million to $15 million deal.
Physis Capital is looking for profitable investment possibilities, and some investors have already committed. In terms of capital deployment, companies focused on social content would be an area of interest. In the following three years, Physis Capital plans to invest a total of $50 million.
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