PointOne Capital, a pre-seed focused venture capital firm, has announced the final closing of its first 50 crore fund. The final close is less than a year after the first close, which occurred in December 2020.
Successful Silicon Valley and India-based entrepreneurs, CXOs and seasoned corporate and startup leaders, as well as mid-sized family offices, have signed on as LPs for the fund, which primarily targets firms in the beta or pre-launch stage.
Mihir Jha, Founding Partner, PointOne Capital said, “Macro sentiment in India has seen a clear shift towards tech and it was very apparent from the huge participation interest we received from investors across profiles, globally. Combining the fact that our ongoing portfolio wholly comprises category creators across sectors, we saw full subscription well ahead of expected timelines. We will continue on our philosophy of backing startups early with PointOne being an added hand in enabling them evolve into future category leaders.”