STARTUP-STORIES

Finvolve Raises Rs 100 Crore in First Fund Closing Aims to Be B2B Angel Investment Powerhouse

SUMMARY

Finvolve, a new angel investment firm, closed its first two funds totaling Rs 100 crore. They focus on curating deals for wealth managers to offer to their high-net-worth clients, acting as a B2B platform in the angel investment space.

Finvolve invests in startups across sectors (minimum Rs 25 lakh each) and has three more funds planned: an accelerator fund, a seed fund with domestic and Gift City variants, and a pre-IPO scale fund. They've already invested in 21 startups.

Finvolve, a Mumbai-based angel investment firm, has successfully closed its first two funds, reaching a total corpus of Rs 100 crore. This marks a significant development in India's angel investment landscape.

Focus on Wealth Managers: Finvolve operates as a B2B platform, partnering exclusively with wealth managers. They curate a pipeline of promising startups, enabling wealth managers to offer these investment opportunities to their high-net-worth clients.

Sector-Agnostic Investments: Finvolve targets sector-agnostic early-stage startups, aiming to invest a minimum of Rs 25 lakh each in 25-35 companies across diverse sectors.

Structured Funds: Both the maiden funds are categorized as Alternate Investment Funds (AIF) Category-I, ensuring a regulated and transparent investment structure.

Experienced Team: Founded by Apoorva Vora, Finvolve leverages the expertise of wealth managers to identify suitable investment opportunities and cater to the risk profiles of end investors.

Early Traction: Since December 2022, Finvolve has facilitated investments in 21 startups through a combination of syndicates and their funds. Their portfolio includes companies like Matter (electric motorbikes) and Advance Mobility (ridesharing platform).

Future Plans: Finvolve plans to expand its offerings with three additional funds:
Accelerator Fund: Targeting 60-65 early-stage startups.

Seed Fund (Category-I AIF): Investing in 20-25 seed-stage startups, with both domestic and Gift City variants.

Scale Fund (Category-II AIF): A Rs 40-crore fund focused on 6-8 late-stage pre-IPO companies.

Finvolve's unique B2B approach addresses a gap in the Indian angel investment ecosystem. By empowering wealth managers and offering a curated selection of startups, Finvolve aims to streamline early-stage investment for high-net-worth individuals and fuel the growth of promising ventures. Their focus on structured funds and diverse investment options positions them as a key player in shaping the future of angel investing in India.