Hyderabad Angels (HAF), a venture capital firm based in Hyderabad, has announced the launch of its maiden venture capital fund. The fund has an initial corpus of Rs 100 crore and an additional green-shoe option of Rs 50 crore. As a Category 1 Alternative Investment Fund (AIF), HAF aims to invest up to Rs 5 crore across 20 disruptive startups. The fund is backed by successful entrepreneurs and business leaders from various sectors, including pharma, health sciences, technology, education, and sustainability. The CEO of T-Hub, Mahankali Srinivas Rao (MSR), expressed confidence in HAF's ability to leverage the synergy between funds, direct engagement with industry leaders, and the vibrant startup ecosystem in Hyderabad [c2e45256].
US-based venture capital firm Alphatron Capital has also raised $30 million in its first fund. The fund aims to provide access to a diversified pool of India's technology and tech-leveraged companies while minimizing entry barriers for US investors. The company's investment focus includes enterprise SaaS, fintech, healthtech, AI/ML, digital content, and direct-to-consumer sectors. Alphatron Capital was founded by Suresh Vaswani, Karan Negi, Sudhir Pai, and Vishwesh Pai, and it focuses on investing in high-quality venture funds and technology companies in India's emerging economy [726c77ba].
Atomico, a European venture capital fund, is investing $16 million in Harbor Lab, a Greek startup that aims to digitize the shipping industry. This is Atomico's first investment in Greece. Harbor Lab has raised a total of $22.5 million since its founding in 2020. The company has developed a platform for the digital management of port expenses, which are the second largest expense for shipping companies. The new investment will support the further development of Harbor Lab and investments in new technologies like artificial intelligence [5715f305].