Speciale Invest, a seed-stage VC investing in deep science and enterprise technologies, announced its second fund’s final closure at Rs 286 crore. The second fund has been oversubscribed twice the amount announced during the fund’s launch, which was Rs 140 crore.

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In April 2021, the company had announced their second fund to be a corpus of around Rs 100 crore, but this got oversubscribed to over Rs 140 crore.

Vishesh Rajaram, the Managing Partner at Speciale Invest, said, “The oversubscribed closure of our second fund reaffirms the opportunity ahead for DeepTech in India and our commitment towards working with entrepreneurs to solve hard technology problems for the world from India!”

The fund, which has backed startups such as Agnikul, The ePlane Company, CynLr, Qnu Labs, GalaxEye Space, Wingman, StreamAlive, Airboxr, Trainn, Uravu Labs, among others, will look to invest in 20+ early-stage startups through pre-seed and seed rounds with the average cheque sizes ranging from $100,000 to $1 million.