Discover if this is a suitable investor for your startup. If they are we'll make a warm introduction for free. Otherwise, we'll connect you with matching investors.
SilverX Fund is a venture capital firm based in Hyderabad, India, focusing on deep technology investments. Launched by Silverneedle Ventures, the fund has a total size of $90 million. Founded and managed by Ajay Jain, SilverX Fund aims to capitalize on the growing demand for advanced technology solutions in India.
Since its inception, SilverX Fund has positioned itself at the intersection of India's AI ecosystem and the country's ambitions for tech sovereignty. The firm claims to have created a portfolio value exceeding $5 billion, reflecting its commitment to investing in sectors deemed 'Non-Disruptible'. These sectors include semiconductors, quantum technology, space and defense, health tech, energy, and vertical AI.
SilverX Fund is actively deploying capital in Seed+ to Series A/B stages, making it a key player in the Indian venture capital landscape. The firm is strategically located in Hyderabad, which is becoming a hub for semiconductor development and AI innovation.
SilverX Fund invests primarily in deep tech sectors, with a strong emphasis on artificial intelligence and related technologies. The firm targets early-stage companies, specifically those in Seed+ to Series A/B funding stages. The investment strategy is centered around sectors that are considered 'Non-Disruptible', which include semiconductors, quantum technology, space and defense, health tech, energy, and vertical AI.
The firm seeks to support innovations that leverage advanced technology, particularly in areas that align with India's push for tech sovereignty. SilverX Fund's focus on AI and deep tech positions it as a significant player in the Indian venture capital market, especially as the country aims to enhance its capabilities in these critical sectors.
SilverX Fund has made notable investments in companies that align with its focus on deep tech and AI. The current portfolio includes:
The portfolio spans various sectors, including AI, semiconductors, quantum technology, space and defense, health tech, energy, and vertical AI. SilverX Fund's investments reflect its commitment to supporting companies that are at the forefront of technological innovation.
Ajay Jain: Founder & Managing Partner. Ajay Jain has extensive experience in the venture capital space, particularly within the Silverneedle Ventures ecosystem. He is based in Hyderabad and plays a crucial role in guiding the investment strategy of SilverX Fund.
As of March 2023, SilverX Fund has actively participated in follow-on investments in existing portfolio companies. Notable recent investments include:
The firm continues to deploy capital in Seed+ to Series A/B stages, reinforcing its commitment to supporting deep tech innovations in India.
What are SilverX Fund's investment criteria?
SilverX Fund focuses on deep tech sectors, particularly those involving artificial intelligence and related technologies. The firm invests in early-stage companies at Seed+ to Series A/B stages, targeting sectors that are considered 'Non-Disruptible'.
How can founders pitch to SilverX Fund?
Founders interested in pitching to SilverX Fund should prepare a detailed presentation that outlines their business model, technology, and market potential. Specific channels for submission are not disclosed, but a warm introduction is generally preferred.
What makes SilverX Fund different from other VCs?
SilverX Fund distinguishes itself by its exclusive focus on deep tech and AI sectors, aiming to support innovations that align with India's tech sovereignty ambitions. The firm claims to have created a portfolio value exceeding $5 billion, showcasing its impact in the market.
What is the geographic focus of SilverX Fund?
The firm primarily invests in India, with its headquarters located in Hyderabad. This strategic location allows SilverX Fund to tap into the growing tech ecosystem in the region.
What is the typical check size for investments?
SilverX Fund invests in Seed+ to Series A/B stages, with check sizes varying based on the specific needs of the portfolio companies. Recent follow-on investments include significant rounds, such as INR 100 crore for SuperK.
What kind of post-investment support does SilverX Fund provide?
While specific details on post-investment involvement are not disclosed, SilverX Fund is known to actively engage with its portfolio companies, providing support in scaling operations and navigating market challenges.
All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks, and brands does not imply endorsement.