TLDR:
Synapses has launched a $125M VC fund focusing on STEM solutions for climate and healthtech. The fund plans to invest in five to six startups in seed to Series B rounds, supporting the development of global technology leaders and delivering 5-7X returns.
Article Summary:
On Tuesday, VC fund Synapses announced the launch of its $125 million fund at IIT Delhi’s Research and Innovation Park. Founded by veteran investors Ruchira Shukla and Karthik Chandrasekar, both IIT alumni, Synapses aims to support startups in the climatetech and healthtech sectors with STEM-based solutions. The fund’s focus is on building global market leaders through deep technology and collaboration.
Synapses plans to conclude its initial investment round in September or October by investing in five to six startups in seed to Series B rounds. The fund is committed to supporting the UN Sustainable Development Goals and aligns with International Finance Corporation’s principles in its portfolio.
The co-founders, Shukla and Chandrasekar, emphasize the importance of science and technology in addressing the challenges of climate change and increasing disease burden. They believe that innovators in these sectors hold the key to solving global challenges at scale and are working to nurture and support these entrepreneurs.
In addition to the VC fund, Synapses also operates an incubator in partnership with NITI Aayog and runs a multi-year seed investment program. The fund’s mission is to drive impact and financial returns through investments in STEM solutions for critical global challenges.
