Riceberg Ventures, an early-stage venture capital firm, has announced the launch of its $20 million fund to back deeptech startups, including those in the burgeoning spacetech sector. The fund is designed to bridge the funding gap for early-stage startups in deeptech while providing comprehensive support for achieving product-market fit (PMF) through a global technical and business leaders network.
A Global Vision for Deeptech Innovation
The new fund aims to invest in 25-30 startups worldwide, with an average check size of $0.5 million. Riceberg Ventures will focus on high-growth sectors such as:
- Spacetech
- Medtech/Life Sciences
- Cybersecurity
- Artificial Intelligence (AI)
- Robotics
- Novel Energy Solutions
- Semiconductors
- Quantum Computing
This diversified approach positions Riceberg Ventures as a key player in shaping the future of deeptech innovation across the globe.
Founders with a Mission
Established in 2023, Riceberg Ventures was co-founded by Ankit Anand, Mredul Sarda, Shubham Raj, and Lino Gandola. The firm operates in Europe, the US, and India, with a mission to support startups creating technology-driven solutions for complex global challenges.
“Riceberg Ventures leverages a deep network of scientists and experts to guide startups from ideation to commercialization,” the firm shared in a statement.
Its strong presence in the US and Europe enables portfolio companies to access a global network of venture capitalists, facilitating co-investments and follow-on funding.
Supporting Indian Spacetech Startups
Riceberg Ventures has collaborated with E2MC Ventures to launch KickSky, India’s first dedicated spacetech accelerator. The program has already launched its second cohort, which will begin in January 2025.
The firm has backed notable startups such as:
- Manastu Space
- Signatur Biosciences
- EtherealX
- Keyron Medical
- Arch0
Closing the Funding Gap in Deeptech
Riceberg Ventures is addressing a significant funding gap in the deeptech space. In addition to providing early-stage capital, the firm offers hands-on support for startups navigating the challenges of deeptech commercialization.
“Our mission is to catalyze Indian deeptech startups while connecting them with global opportunities and resources,” said Riceberg Ventures.
With a strong focus on emerging technologies and a network of top venture capitalists, Riceberg Ventures is set to play a pivotal role in driving the next wave of innovation in deeptech sectors.
