Riceberg Ventures has unveiled a $20 million venture capital fund to accelerate innovation in the deeptech space.
This bold initiative aims to nurture cutting-edge startups working in sectors like spacetech, artificial intelligence (AI), robotics, medtech, and other transformative technologies.
Backed by a diverse pool of Limited Partners (LPs), the fund is set to fill the funding gap for early-stage startups in the deeptech domain. Riceberg Ventures plans to invest in approximately 25-30 startups worldwide, with an average ticket size of $0.5 million. This move underscores the firm’s vision to propel startups with groundbreaking ideas that promise to redefine industries.
The fund is designed to empower startups across high-growth sectors, including:
- Spacetech: Innovations in satellite technology, space exploration, and communication systems.
- AI and Robotics: Advanced algorithms and intelligent machines driving automation.
- Medtech and Life Sciences: Cutting-edge medical solutions and biotechnology advancements.
- Novel Energy and Quantum Computing: Technologies aimed at sustainable energy and quantum breakthroughs.
Riceberg Ventures has solidified its position in the spacetech ecosystem through KickSky, India’s pioneering spacetech accelerator. With its second cohort launching in January 2025, KickSky offers startups mentorship and resources to scale their innovative solutions.
Riceberg Ventures is also fostering sustainability-driven startups like RePut.ai, a Bengaluru-based company focused on carbon tracking and recycling initiatives. Through successful pilots, RePut.ai has demonstrated measurable growth by helping manufacturers transition toward a circular economy.
With operations in the US, Europe, and India, Riceberg Ventures leverages an extensive network of leading scientists, investors, and industry experts. This global presence enables startups to secure co-investments, access follow-on funding, and establish a strong product-market fit.
As a catalyst for deeptech innovation, Riceberg Ventures empowers startups to deliver advanced solutions in emerging sectors. By addressing critical challenges and nurturing visionary ideas, the firm is helping build a robust ecosystem for technology-driven progress.
With its $20 million fund and unwavering commitment to early-stage startups, Riceberg Ventures is paving the way for a future defined by groundbreaking advancements in deeptech, sustainability, and global innovation