The total of $75 Mn also comprises the green shoe option, which is $25 million
Weave Capital aims to build an investment portfolio that includes fifteen to twenty startups that have the average ticket size between $3 Mn and $3.5 Mn
Weave Capital is a sector-agnostic fund that has a tendency to support technology-enabled enterprises
SPVH’s Venture Capital (VC) division Weave Capital has launched a multi-stage VC fund worth $75 million with the aim to lead and participate in companies that raise capital beyond Seed rounds up to series B rounds.
The total of $75 Mn also comprises the green shoe option, which is $25 million.
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Weave Capital is a sector-agnostic fund that is geared to finance technology-driven companies. The goal is to close its first round at $20 million the fund will write an amount of money ranging from $1 Mn to $5 million over the various stages of the portfolio business.
Weave Capital aims to build an investment portfolio that includes between 15 and 20 startup companies, with an average size ticket of $3 million to $3.5 Mn. It will begin deploying capital after the first close.
In addition that, the VC firm has also submitted a Category II Alternative Investment Fund (AIF) registration for the fund, and is waiting for acceptance from Securities and Exchange Board of India (SEBI).
Our staff at Weave has been involved in a variety of cross-sector transactions as well as growth advisory assignments both in India as well as overseas, Weave Capital Managing Partner Karan Gupta said. Our goal is to establish a foothold and improve our standing in the current world of venture capital.
Weave Capital claims to offer its portfolio startups an integrated system of operational, technical and business mentorship as well as strategic.
Commenting on the fund’s launch, Sujay Prakash, General Partner at Weave Capital and the Ultimate Beneficial Owner (UBO) of SPVH Group, said, Today the VCs are taking the initiative to build value and create insights driven ecosystems. In addition, we have to break away from this typical idea of ‘IRR’ as well as exit and start asking the ‘why’ and the what’s next’.
Based on the VC firm Weave Capital’s team members come from different backgrounds and has expertise in large-scale transactions that aids its portfolio startups in working with each other. They are also in the process of welcoming new team members at various levels.
The team at the fund is ready to spot and create a robust pipeline of transactions. It will also be keen to warehouse in the event of extraordinary occasions, Weave Capital said.
In the midst of global inflationary pressures and geopolitical tensions Indian startups’ undings during the 2nd quarter in 2022 fell by nearly 42 percent to $6.8 Bn, down from $11.8 Bn the previous first quarter, according to the Business Headers report. Overall, the amount of funds in H1 2022 was also down to $19 billion, compared to $32 billion in H2 2021.
In addition, a dramatic drop was also evident in funding for late-stage projects, whereas seed-stage deals remained a magnet for investors.
In a statement on the launch of the fund, Sujay Prakash, General Partner at Weave Capital and the Ultimate Beneficial Owner (UBO) of SPVH Group, said, Today the VCs are stepping beyond to create value and insight driven ecosystems. In addition, we have to break away from this typical concept of ‘IRR’ and exit and start asking the ‘why’ and ‘beyond’.
As per the VC firm Weave Capital’s team is made up from a variety of backgrounds and have extensive experience in large transactions that aids its portfolio startups in working with each other. They are also actively recruiting new team members on various levels.
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The fund’s team is ready to spot and create a robust pipeline of transactions. They will also be keen to warehouse in the event of opportunities that are exceptional, Weave Capital said.
In the midst of global inflationary pressures and geopolitical tensions Indian startups’ undings during the 2nd quarter in 2022 dropped by nearly 42 percent to $6.8 Bn, down from $11.8 Bn the previous first quarter, according to in an Inc42 report. Overall, the amount of funds in H1 2022 was also down to $19 billion, compared to $32 billion in the second quarter of 2021.
A sharp drop was also evident in funding for late-stage projects, whereas seed-stage deals remained a magnet for investors.
