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EVM Capital is a youth-run microgrant fund founded in mid-2024 by Suhas Sumukh and Andrew. The organization is dedicated to providing small grants to aspiring innovators, students, and early-stage founders engaged in creative or technical projects. Unlike traditional venture capital firms, EVM Capital operates more as a micro-philanthropy or grant fund, specifically targeting individuals at the pre-seed and pre-product stages. The fund's mission is to make resources accessible to those who may lack traditional support, thereby fostering a community of creative builders.
As of Q1 2025, EVM Capital has deployed approximately $5,100 across nine projects. The organization operates globally, welcoming applications from individuals worldwide. EVM Capital has also launched a dedicated Ethereum builders track in partnership with ETHIndia Foundation and Devfolio, further emphasizing its commitment to supporting innovative projects in the blockchain space. The fund has collectively raised over $50,000 in follow-on investments for its grantees, showcasing its effectiveness in connecting early-stage innovators with additional funding opportunities.
EVM Capital focuses on providing microgrants ranging from $100 to $1,000 to individuals who are passionate about pushing boundaries and making a positive impact. The organization welcomes applications from individuals with both basic ideas and more developed projects, aiming to empower creative builders at various stages of ideation. The sectors of interest include AI, DeepTech, healthcare, robotics, video games, and agtech, among others.
The organization operates on a rolling application basis, allowing individuals to apply at any time without a deadline. EVM Capital's investment strategy emphasizes accessibility and support for aspiring innovators, ensuring that resources are available to those who may not have access to traditional funding avenues. The fund's commitment to creativity and innovation is evident in its diverse portfolio, which spans various sectors and includes projects that address real-world challenges.
As of Q1 2025, EVM Capital has funded nine projects, showcasing a diverse range of sectors. The notable portfolio companies include:
The portfolio reflects a strong emphasis on AI (35.7%) and DeepTech (42.9%), with additional representation in AR/VR (7.1%) and Lifestyle (7%). Other verticals include healthcare, music technology, aerospace, robotics, sound technology, video games, aqua tech, and agri-tech. This diverse portfolio illustrates EVM Capital's commitment to supporting a wide array of innovative projects across multiple sectors.
Suhas Sumukh - Co-founder & GP. Suhas has a background in supporting early-stage ventures and is also the Co-Founder/COO at Localhost Ventures. His expertise lies in fostering innovation among young entrepreneurs.
Andrew - Co-founder & GP. Andrew collaborates with Suhas in leading EVM Capital, focusing on empowering aspiring innovators through microgrants.
Rishabh - Analyst. Rishabh supports the evaluation of applications and the management of the grant process, contributing to the organization’s mission of supporting early-stage founders.
Shaun - Growth. Shaun is responsible for driving growth initiatives and expanding EVM Capital's reach within the community of innovators.
Ivoine - Community Partner. Ivoine plays a key role in building and maintaining the community of grantees, facilitating connections and collaboration among them.
To pitch to EVM Capital, founders should visit the organization's website and fill out the brief application form provided. It is important to include a clear description of the project, its goals, and how it aligns with EVM Capital's focus areas. Founders should expect a response within a reasonable timeframe, as the organization operates on a rolling application basis.
Warm introductions are not required, but they can enhance the chances of a successful application. Founders are encouraged to be concise and direct in their pitches, highlighting the innovative aspects of their projects.
In Q1 2025, EVM Capital has funded nine projects, deploying approximately $5,100 in microgrants. The organization has also launched a dedicated Ethereum builders track in partnership with ETHIndia Foundation and Devfolio, deploying $2,500 in the first tranche to support Ethereum/web3 builders.
Additionally, EVM Capital has gained visibility through a podcast interview titled 'Deep Dive on EVM Capital Ft. Suhas Sumukh' on a business podcast by Roohi. The organization has also been featured in a piece by Swarajya Magazine discussing India's Gen-Z founders funding each other.
What are EVM Capital's investment criteria?
EVM Capital provides microgrants to individuals at the pre-seed and pre-product stages. The organization welcomes applications from aspiring innovators, students, and early-stage founders working on creative or technical projects across various sectors, including AI, healthcare, and robotics.
How can I apply or pitch to EVM Capital?
What makes EVM Capital different from traditional venture capital firms?
What is the geographic scope of EVM Capital's investments?
What kind of post-investment involvement does EVM Capital have?
What is the typical grant size offered by EVM Capital?
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