Networking platform for angel investments Over 250 investors have joined We Founder Circle’s (WFC) GIFT City Fund, which secured $10 million (roughly INR 83 Cr).
The $30 million target corpus of the GIFT City Fund, also known as the WFC Global Angels Fund, includes a $30 million green shoe option, as reported by Inc42.
“We aim to complete onboarding of at least 300+ investors with a signed contribution of $15 Million+ by March 2024. In a relatively short span, we have forged partnerships with leading incubators, accelerators, and other startup funds,” said WFC’s cofounder Gaurav VK Singhvi.
One of the two funds established by the Mumbai-based angel network in the past year to support early-stage Indian entrepreneurs is the WFC Global Angels Fund, a cross-border fund with its headquarters in Gujarat’s GIFT.
Being sector-agnostic for early-stage businesses is a strategy that emphasises diversification and a readiness to investigate prospects in many industries. This strategy is in line with the ideas of sharing risk and seizing chances for rapid growth.
About We Founder Circle
By giving them access to a global startup network and funding sources, We Founder Circle helps budding entrepreneurs grow into profitable companies. WFC was founded in 2020 on the simple premise that innovation will be fostered by successful creators helping up-and-coming business owners.