Early-stage angel investing platform Inflection Point Ventures (IPV) has launched Physis Capital, a $50 million AIF CAT II venture capital fund.
According to IPV, the new fund will have a greenshoe option of $25 million, taking the total available pool to $75 million. It will look to invest in 15-20 startups through pre-Series A to Series B funding rounds with check sizes range from $2 million to $10 million.
The new fund will look to invest in companies across sectors such as consumer tech, edtech, healthtech, fintech, B2B SaaS, social and content commerce.
Co-founded by Ankur Mittal and Mitesh Shah, IPV is an early stage angel investing platform, which provides both monetary and non-monetary support to startups. It has so far invested in 110 startups, of which it has secured full exits from nine investments and partial exits from around 12. Some of the complete exits were from companies such as BharatPe, Hobspace, Fitso, Qbera and Pedagogy, among others.
