PointOne Capital Raises $7 Million to Support Early-Stage Startups
- ByStartupStory | January 16, 2022
PointOne Capital, a Bengaluru-based pre-seed VC firm, has announced the final close of its $7 million fund. This comes a year after its initial fund closed for the first time in December 2020.PointOne Capital, a SEBI-registered alternative investment fund (AIF), will invest in beta or pre-launch stage firms.
“Macro sentiment in India has seen a definite move towards tech,” said Mihir Jha, a founding partner of PointOne Capital. “It was quite evident from the enormous participation interest we received from investors across profiles, globally.”
In the following two years, the fund will support 60 businesses. PointOne has so far invested in 30 businesses, 20 of which are scheduled to launch in 2021, with ticket sizes ranging from $100K to $150K. In the following two years, the VC company hopes to treble its portfolio.
So far, the fund has financed firms in the creator economy, gaming, enterprise SaaS, fintech, healthtech, and edtech sectors. CreatorStack, an interaction platform for creators, is one of the companies in its portfolio.
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