Early-stage venture capital firm Riceberg ventures has propelled a $20 million support to bolster deeptech new companies, counting space-tech.

Backed by a consortium of Limited Partners (LPs), the finance points to address the subsidizing gap in this division by giving early-stage capital to these startups. Separated from follow-on raising money for its portfolio companies, it gives hands-on bolster for accomplishing product-market fit (PMF) through its global network of deeptech commerce and specialized leaders.

According to Riceberg Ventures, the support is outlined to contribute to 25-30 new businesses over the globe, with a normal check measure of $0.5 million. Capital will be contributed in high-growth segments such as spacetech, medtech/lifesciences, cybersecurity, AI, robotics, novel energy, semiconductors, and quantum computing.

Co-founded in 2023 by Ankit Anand, Mredul Sarda, Shubham Raj, and Lino Gandola, Riceberg Ventures is an early-stage venture capital firm committed to supporting deeptech new businesses. With a $20 million finance and operations spanning Europe, the US, and India, the firm centers on rising segments. It points to act as a catalyst for Indian deeptech new companies, making a difference them create progressed technology-driven solutions.

Riceberg Ventures says that it leverages its profound organize of driving researchers and specialists to direct new businesses from ideation to commercialization. Also, its nearness in the US and Europe gives portfolio companies with get to a worldwide arrange of beat venture capitalists, encouraging co-investments and follow-on funding.

Riceberg Ventures has moreover collaborated with E2MC Ventures and works KickSky, India’s to begin with committed spacetech quickening agent. The program as of late propelled its moment cohort, which is set to go live in January 2025.

Riceberg Ventures has as of now contributed to new companies such as Manastu Space, Signatur Biosciences, EtherealX, Keyron Medical, and Arch0. The VC firm is bolstered by Uday Desai and Prasad Chaganti.

source: entrackr.