Hyderabad Angles Fund (HAF) has announced to launch of its maiden venture capital fund, a Category 1 Alternative Investment Fund (AIF), featuring an investable corpus of Rs 100 crore and an additional greenshoe option of Rs 50 crore.
The fund’s investors consist of serial entrepreneurs and business leaders from various sectors such as pharma, health sciences, tech, and sustainability, while management partners are the largest investors in the fund.
The fund aims to deploy up to Rs 5 crore across 20 disruptive startups that are positioned to scale with technology and AI in Pre-Series A and Series A with a strong commitment to follow-on investments to support future growth, HAF said in a press release.
Established in 2012, Hyderabad Angels (HA) is a platform for connecting angel investors and new-generation entrepreneurs with innovative business ideas. It aims to nurture aspiring entrepreneurs and invests in promising startups globally to create tangible as well as intangible value.
According to the fund, it sources and invests in opportunities from all over India as well as overseas countries including the USA, UK, Singapore, and UAE. The platform collaborates with other angel networks, incubators, accelerators, and institutes from all corners of the country to discuss, ideate, co-invest, and share knowledge.