Riceberg Ventures, an early-stage venture capital firm, has announced the launch of a $20 million fund to bolster the growth of deeptech startups worldwide, with a particular emphasis on emerging sectors like spacetech.
This new fund, supported by a diverse group of Limited Partners (LPs), is strategically designed to bridge the critical funding gap for deeptech innovators. In addition to offering early-stage capital, the firm provides portfolio startups with hands-on assistance to achieve product-market fit (PMF) by leveraging its global network of deeptech experts and business leaders.
The fund plans to invest in 25-30 startups globally, with an average investment of $0.5 million per company. Targeted sectors include cutting-edge fields like medtech, life sciences, cybersecurity, artificial intelligence, robotics, novel energy solutions, semiconductors, and quantum computing.
Founded in 2023 by Ankit Anand, Mredul Sarda, Shubham Raj, and Lino Gandola, Riceberg Ventures aims to be a transformative force for deeptech startups, especially those based in India. By focusing on advanced, technology-driven solutions, the firm seeks to empower startups to scale and compete on a global level.
Riceberg Ventures brings an extensive network of scientists, industry experts, and seasoned investors to the table, enabling startups to navigate the journey from ideation to commercialization. With operations in India, Europe, and the United States, the firm offers portfolio companies unparalleled access to global resources, co-investment opportunities, and follow-on funding through its international connections.
As part of its mission to support spacetech innovation, Riceberg Ventures has partnered with E2MC Ventures and established KickSky, India’s first spacetech accelerator. KickSky recently unveiled its second cohort, slated to begin in January 2025, reinforcing Riceberg’s commitment to nurturing groundbreaking technologies in the space sector.
Riceberg Ventures has already made strategic investments in trailblazing startups, including Manastu Space, Signatur Biosciences, EtherealX, Keyron Medical, and Arch0. These companies span various deeptech domains, reflecting the firm’s dedication to fostering innovation across multiple high-impact sectors.
The firm’s advisory board features prominent figures like Uday Desai and Prasad Chaganti, whose expertise bolsters Riceberg’s efforts to drive transformative advancements in deeptech.
With its $20 million fund, Riceberg Ventures aspires to redefine the trajectory of deeptech innovation by offering a comprehensive support system for startups. From seed capital to strategic guidance, the firm is well-positioned to accelerate technological breakthroughs that have the potential to shape the future.
As Riceberg Ventures continues to champion deeptech entrepreneurs, its vision of creating a robust global ecosystem for innovation is steadily becoming a reality.
