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StartupXseed Ventures LLP has on boarded Canbank Venture Capital Fund Limited (CVCFL) for an investment of 20 per cent of its fund size.
StartupXseed Ventures focusses in B2B business opportunities to invest and they have invested in companies like ShieldSquare, Aarav Unmanned Systems, AIBono, and others who have been doing well in their businesses and moved onto raise next round of funding.
Canbank Venture Capital Fund Limited (CVCFL) is India's first and only public sector bank-sponsored venture fund in India and across industries.
In a step towards creating sustainable startup ecosystem, this collaboration will help enhance StartupXseed’s plan of reaching out to more entrepreneurs with newer ideas in the technological space which could disrupt the global market, said B V Naidu, Managing Partner, StartupXseed Ventures.
The investment from CVCFL will accelerate StartupXeed's investment plans to invest in the areas of deep technologies like Nano Electronics, AI/ML, Cyber Security, Semiconductor and IoT.
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