Breaking NewsIndian Beehive

Good Capital fosters $50 M fund to support early-stage startups

Venture capital firm Good Capital on Friday unveiled a new $50 million fund to support entrepreneurs who are democratizing AI for marketing, customer service, and business operations. A $25 million greenshoe option has been retained by the company.

Good Capital claims that it is investing the fund with target checks of up to $1.5 million over the following four years. The VC firm invested in unicorn companies like Meesho and LEAD School very early on. From the current fund, it intends to invest in roughly 25–30 startups from various industries.

“Integrating AI is now table stakes for any startup. Much like the platform shift to mobile in the past, the success of tech businesses will depend on how they leverage AI. This is not an AI-focused fund as much as a recognition of a land–grab the moment, where startups leveraging AI in intelligent ways will have the right-to-win.” said Arjun Malhotra, Good Capital co-general partner.

Good Capital invested in startups like SolarSquare, which raised $13 million in Series A funding from Lowercarbon and Elevation Capital, OrangeHealth, which received Series A funding from General Catalyst and Accel Partners, and SimSim, which was acquired by Google.

Rohan and Arjun Malhotra, co-founders of Investopad, established Good Capital, a micro-venture capital firm, with a corpus of $25 million in 2019.

 

 

SHARE

Related Articles

Back to top button