Future Wealth Investments, an investment firm, has introduced its inaugural venture fund targeting $50 million with a green shoe option of $10 million, potentially reaching $60 million in total size.
The fund aims to support startups from the pre-seed to Series A stages, providing initial funding ranging from $250,000 to $5 million. It plans to nurture around 20 companies, focusing on sectors like artificial intelligence, consumer businesses, supply chain, logistics, and hardware innovation.
Backed by an advisory board of founders from India, the UAE, and a network across Silicon Valley and Asia, Future Wealth Investments has already invested in companies such as Heads Up For Tails, Tantrayut, B4U Media, Mobipay, Zippee, and Vivos.
India’s venture capital and private equity market have witnessed a significant increase, with over $12.1 billion in new funds launched, with a strong focus of 58% on early-stage investments. The firm is actively seeking promising founders in India, the UAE, and Singapore.
Source: Entrackr : Latest Posts