Seed-stage enterprise capital agency Java Capital has launched its third fund with a goal corpus of Rs 400 crore, together with a Rs 150 crore greenshoe choice, because it scales up its deal with early-stage deeptech startups rising from India.

The brand new automobile, Java Capital Fund III, marks a step up in dimension and ambition for the Bengaluru-based agency, which has positioned itself as a “first-cheque” investor backing science-led and mental property-driven startups at inception. The fund will proceed to deal with seed-stage investments in sectors marked by lengthy improvement cycles, excessive entry limitations and defensible IP.

Java Capital Fund III plans to put money into 15 to twenty corporations over the subsequent three to 4 years. Preliminary cheque sizes will vary between Rs 6 crore and Rs 8 crore, with the agency retaining vital follow-on reserves to help portfolio corporations by way of Sequence A and subsequent progress levels. The fund expects to guide or co-lead early rounds.

Based by Vinod Shankar, who is predicated in Bengaluru, and Bhargavi Vijayakumar, who is predicated in america, Java Capital operates with groups embedded in each markets. The agency stated this cross-border presence helps portfolio corporations entry prospects, expertise and capital globally at an early stage.

“At Java Capital, we have now all the time believed that the subsequent decade of world innovation can be formed by arduous science and deep engineering. With Fund III, we’re reinforcing that conviction. India has emerged as a worldwide hub for deeptech expertise, and we intention to be the primary institutional accomplice for founders constructing frontier applied sciences,” Shankar stated.

Vijayakumar stated Indian deeptech startups are more and more being constructed with world markets in thoughts from day one. “The most effective Indian deeptech corporations can be world from the beginning. That’s the shift we’re seeing. By being embedded in each markets, we assist founders assume globally from day one. Java Capital Fund III is a launch platform for Indian IP, not simply capital help,” she stated.

The brand new fund will make investments throughout sectors together with semiconductors, house and aerospace, cybersecurity and defence applied sciences, robotics and bodily intelligence, AI infrastructure and vertical AI, superior manufacturing and supplies, power and local weather infrastructure, quantum methods and artificial biology.

Java Capital’s current portfolio consists of startups similar to Agnikul, Lightspeed Photonics, Eplane, CynLr, Okulo Aerospace, Oorja Power and Healium.