High Net Worth Individuals (HNIs) from the US, the Middle East, and India, as well as entrepreneurs from the Indian startup scene, participated in the close of Java Capital’s Rs 50 Cr fund, a deep-tech venture capital firm.
Aiming to open a further INR 25 Cr greenshoe part, Java Capital is encouraged by the continuing enthusiasm from limited partners (LPs), as reported by Inc42.
The fund intends to invest in entrepreneurs operating in many sectors, including B2B, climate tech, and deeptech. The fund’s commitment to promoting sustainability and technology is in line with the need for innovation in these fields around the world.
In a statement Java Capital LP Nizam, cofounder, of Where Is My Train (Acquired by Google) said, “Java capital has a clear focus on long-term bets and invests in interesting companies in deep tech. Their super transparent team helps me feel close to the startup ecosystem as an LP. Trustworthy fund in the market.”
They partner with companies at an idea-to-prototype stage and pre-Product Market Fit stage and actively work with them to lead them to the next stage of growth.
Karteek Pulapaka, cofounder and partner at Java Capital said, “…With the successful fundraise, we are well-positioned to continue identifying and supporting transformative companies in these sectors.”
An INR 25 Cr green shoe option was part of Java Capital’s first alternative investment fund (AIF), which had a total corpus of INR 75 Cr ($9 Mn) when it was announced in December 2022.
About Java Capital
With over 20 years of combined expertise in pre-seed, seed, and early-stage investments, Java Capital is a SEBI-registered pre-seed/seed venture capital fund managed by professional venture capitalists and startup ecosystem enablers. Sectors include Fintech, Health Tech, SaaS, and Mobile Internet are among the main areas of concentration. Deep Tech & Consumer.