Fundamental VC launches $130M maiden fund to invest in early stage startups

Fundamental VC, an early stage Bengaluru-based venture capital, has launched its first fund with a target corpus of $130 million.

Founded by Saswat Sundar and Abhishek Rathi, Fundamental VC will be an industry independent fund that will invest in startups in the fields of consumer internet, healthcare, insurance, financial services, SaaS, gaming and AI, etc. It has already started it deploying capital in pre-seed and seed funding rounds, with investments of up to $1.5 million in each startup.

Saswat Sundar, co-founder of Fundamental VC, said: “Our focus on early stage startups is primarily due to our extensive, experience-based ability to understand the pulse of the ecosystem and build businesses from the ground up and globally. to scale up.”

The founders of this VC fund have extensive experience on the fundraising side of the startup ecosystem. They plan to invest in 30 startups over two years through this new fund.

Fundamental VC’s limited partners are a mix of domestic and international investors from Singapore, the Middle East and the US. They consist of unicorn founders, HNIs, family offices and senior technology executives, who have been associated with the early-stage startup ecosystem in various capacities.

The founders of Fundamental VC have already invested individually in more than 20 startups, including Agnikul, Kenko, TradeX, BluSmart, StockGro, Dukaan, Elo Elo and Redcliffe Lifesciences.

Abhishek Rathi, co-founder of Fundamental VC, said: “As we have been associated with the early stage startup ecosystem for over a decade and have seen cycles of thousands of startups from idea to growth stage and beyond, we have realized that there is a strong need for approachable institutional capital support for early stage founders.”

Fundamental VC aims to provide a term sheet within a week and to deploy capital within a month of the deal closing.

Edited by Teja Lele Desai

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