Dark
Light
Today: February 7, 2025
January 4, 2024
1 min read

Closing curtain for Indian-origin startup investor Countdown Capital’s venture capital operations.

Indian-origin entrepreneur Jai Malik-led early-stage venture capital firm Countdown Capital will reportedly shut down by March-end amid the funding winter. The company is slated to complete pending investments, return capital, cancel all uncalled commitments and permanently cease operation apart from current asset management, TechCrunch reported.

  • The founder and solo general partner Malik decided to close the fund as “funding industrial startups is not inefficient enough to justify our existence”
  • “larger, multi-stage venture firms are best positioned to generate strong returns on the most valuable industrial startups”

The firm has backed aerospace and defence sector startups like satellite bus developer K2 Space, machining startup Hadrian, and cybersecurity company Galvanick. Around 12 investments are listed on the firm’s website. Countdown’s second $15 million fund was announced in September 2022. Its first fund was $3 million.

“To be clear, we’re not bearish on venture capital or the future success of venture-scale hard tech companies at large. We’re bearish on the ability of small, early-stage funds — particularly sectionally focused ones — to continue exploiting these opportunities profitably,” Malik wrote.

Previous Story

India’s PE-VC investments plummet, hitting 5-year low at below $30B in 2023.

Next Story

Japan targets UK life sciences sector with venture fund injection.

Latest from Blog

VCFA Group Closes $1225M Venture Partners VII Fund

TLDR: VCFA Group closed VCFA Venture Partners VII fund with $122.5 million in commitments Transition marks continuation of VCFA’s pioneering legacy in the secondary private equity space VCFA Group, a pioneer in

Top AI Trends and Startups Shaping 2025 and Beyond

“`html TLDR: Israel is excelling in applicative and vertical AI, focusing on practical solutions in cybersecurity, healthcare, and defense rather than competing with tech giants in foundational AI models. Five key AI
Go toTop