Highlights
Riceberg Ventures Launches $20 Million Fund for Deeptech Startups
Riceberg Ventures, a pioneering early-stage venture capital firm, has introduced a $20 million fund aimed at supporting deeptech startups, including those specialising in space technology. Backed by a coalition of Limited Partners (LPs), this fund seeks to bridge the funding gap in this innovative sector by providing essential early-stage capital to emerging businesses.
This fund not only facilitates follow-on fundraising for its existing portfolio companies but also offers practical assistance in achieving product-market fit (PMF) through a robust global network of leaders in deeptech business and technology.
Investing in Emerging Technologies
According to Riceberg Ventures, the fund is structured to invest in approximately 25 to 30 startups worldwide, with an average investment size of £0.5 million. The capital will target high-growth sectors, including:
- Space Technology
- Medtech/Life Sciences
- Cybersecurity
- Artificial Intelligence
- Robotics
- Novel Energy Solutions
- Semiconductors
- Quantum Computing
Company Background
Riceberg Ventures was co-founded in 2023 by Ankit Anand, Mredul Sarda, Shubham Raj, and Lino Gandola. This early-stage venture capital firm is committed to empowering deeptech startups. With a focus that spans across Europe, the US, and India, the firm is positioned to act as a catalyst for Indian deeptech enterprises, aiding them in developing advanced technology-driven solutions.
Leveraging a Global Network
Riceberg Ventures utilises its extensive network of prominent scientists and industry experts to assist startups from the ideation phase to commercialization. Its established presence in the US and Europe ensures that portfolio companies gain access to a worldwide network of leading venture capitalists, thus easing the path for co-investments and subsequent funding rounds.
Innovative Initiatives
The firm has partnered with E2MC Ventures and runs KickSky, which is India’s first dedicated accelerator for space technology. The programme recently initiated its second cohort, slated to commence in January 2025.
Current Investments
Riceberg Ventures has already made investments in notable startups, including:
- Manastu Space
- Signatur Biosciences
- EtherealX
- Keyron Medical
- Arch0
The venture capital firm is also supported by Uday Desai and Prasad Chaganti.