SucSEED raises ₹40 crore, anounces first close of debut fund
December 21, 2020
To invest in 50 start-ups in 3 years
SucSEED, a venture capital angel fund, has raised ₹40 crore, with a few angel investors, top corporate executives, family offices and family Trusts participating in this round. This is part of the ₹100-crore maiden fund that SucSEED plans to build to invest in start-ups quite early in their journey.
The fund addresses the under-served formal fund needs of seed-stage tech start-ups.
The investment firm has also announced investments into three start-ups — Stargate, Auris, and Freestand for investment. It has signed term sheets with the three entities.