TLDR:
- Stellaris Ventures is focusing on gen AI and sustainability in its investment strategy.
- The firm expects increased deal activity in gen AI and sustainability sectors in the coming year.
Stellaris Ventures, a venture capital firm, is strategically incorporating generative artificial intelligence (gen AI) and sustainability into its investment mandate. Partner Rahul Chowdhri stated that they have added gen AI and sustainability to their investment focus for fund II, without pre-allocating to specific themes. They anticipate a rise in deal flows, especially in gen AI, over the next year. Recent investments include $6 million in Carpl, a platform offering AI solutions in radiology, and backing Kombai and Dashtoon Studio. Gen-AI can revolutionize content creation by reducing human efforts significantly. In addition, in the sustainability realm, Stellaris is primarily focusing on Electric Vehicle (EV) infrastructure and financing, with investments in companies like Turno and Cirkla. Chowdhri mentioned that climate and sustainability have become key focus areas for Stellaris in the past two years. Founded in 2016, Stellaris Ventures has invested in over 30 companies and seen success with firms like Mamaearth and Whatfix. Mamaearth turned into a multi-bagger for the firm, leading to partial profits through an IPO and block deal. Overall, Stellaris Ventures is strategically embracing gen AI and sustainability in its investment approach to capitalize on emerging opportunities in these sectors.
