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Seafund is a venture capital firm established in 2018, headquartered in Bangalore and Delhi, India. The firm focuses on early-stage investments in technology-driven startups, particularly in sectors such as deeptech, fintech, and healthcare. Seafund has a fund size of approximately $30 million and has backed over 25 companies since its inception.
The firm is committed to supporting mission-driven teams that are developing scalable and disruptive technologies. Seafund's investment strategy emphasizes the importance of network effects and innovative business models, aiming to help startups navigate their early stages and scale effectively. The firm has established a reputation for its strategic guidance and financial planning support, leveraging its extensive network to facilitate partnerships and growth opportunities.
Seafund primarily invests in early-stage companies, targeting pre-seed to pre-Series A rounds. The firm typically makes initial investments ranging from $300,000 to $750,000, with the potential for follow-on investments of up to $2 million for successful startups. The sectors of interest include AI, fintech, healthcare, robotics, biotech, energy, and consumer technology.
Seafund's investment thesis centers on supporting technology-driven startups that can scale globally. The firm seeks out mission-driven teams that demonstrate innovative business models and strong network effects. Seafund's geographic focus is primarily on India, with no restrictions within the country, allowing it to tap into a diverse range of emerging technologies and sectors.
Seafund has invested in over 25 companies, showcasing a diverse portfolio across various sectors. Notable investments include:
Additionally, Seafund has achieved a notable exit with the acquisition of Wigzo, further demonstrating its effectiveness in identifying and supporting high-potential startups.
Mayuresh Raut: Co-Founder & Managing Partner. He has extensive experience in venture capital and has led multiple successful investments in technology-driven startups.
Manoj Kumar Agarwal: Co-Founder & Managing Partner. He brings a wealth of knowledge in early-stage investments and has been instrumental in Seafund's growth.
Narendra Bhandari: General Partner with a strong background in technology and investment strategies.
Agam Gupta: Principal at Seafund, focusing on identifying high-potential startups.
Harkesh Mittal: Chairman of the Startup India Seed Fund Committee, contributing to the startup ecosystem in India.
Srinivas Katta: Partner at Indus Law, providing legal expertise to portfolio companies.
Jay Pillai: Co-Founder & CEO of Alp Consulting, offering insights into operational strategies.
S Viswanathan: Former Compliance Head at ING Vysya Bank, bringing regulatory knowledge to the team.
Ashvanni Srivastava: Entrepreneur & Business Leader with experience in scaling startups.
Ramanathan V: Startup Ecosystem Builder, focused on fostering growth in the startup community.
Shihab Muhammed: Founder & CEO of SurveySparrow, contributing insights from his entrepreneurial journey.
P K Gopalakrishnan: Investor, Mentor & Co-founder of Malabar Angel Network, enhancing Seafund's mentorship capabilities.
To pitch to Seafund, founders should use the preferred channel available on their website at this link. The pitch deck should include a clear overview of the business model, market opportunity, and team background. Seafund typically responds within a few weeks, and warm introductions are encouraged to enhance the chances of engagement.
In the past year, Seafund has made four new investments, continuing its focus on deeptech startups. The firm has been active in sharing insights through its blog, discussing challenges faced by AI startups in India and the evolving landscape for deeptech investments.
Seafund has also been featured in various publications, including Inc42 and Business Standard, highlighting its investment thesis and plans for future investments. The firm aims to target 20-25 deep tech investments over the next 2-3 years, with over 50% of its capital reserved for follow-on investments.
What are Seafund's investment criteria?
Seafund invests in early-stage technology-driven startups, focusing on sectors such as AI, fintech, healthcare, and deeptech. The firm typically targets pre-seed to pre-Series A rounds.
How can I apply or pitch to Seafund?
Founders can pitch to Seafund through their website at this link or via email at mayuresh.raut@seafund.in.
What makes Seafund different from other venture capital firms?
Seafund emphasizes support for mission-driven teams and focuses on scalable, disruptive technologies. The firm provides strategic guidance and financial planning support to its portfolio companies.
What is Seafund's geographic scope?
Seafund primarily invests in startups based in India, with no geographical restrictions within the country.
What is the typical check size for investments?
Seafund typically invests between $300,000 and $750,000 in initial funding, with the potential for follow-on investments of up to $2 million for successful startups.
What is Seafund's post-investment involvement?
Seafund actively engages with its portfolio companies, providing strategic guidance, financial planning support, and leveraging its network to facilitate growth opportunities.
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