TLDR:
- 8i Ventures has launched a seed funding initiative called Origami to support early-stage startups.
- They are offering investments ranging from $250,000 to $2 million for startups in pre-seed to early revenue phases.
Article Summary:
Early-stage venture capital fund 8i Ventures has introduced Origami, a seed funding initiative targeting early-stage entrepreneurs. Under Origami, the firm is offering investments in the $250,000 to $2 million range in the pre-seed to early revenue phases. They aim to streamline the investment process and have allocated $10 million from their second fund to back eight to ten startups this year. The firm, founded in 2019, has previously backed seven early-stage startups from their first fund, mainly in the fintech, consumer, and software sectors. With the new Origami program, they are open to investing in any sector and are looking for great teams with clear insights. The founders believe that despite the funding winter, the digital economy is growing rapidly, and there are many enthusiastic founders ready to build innovative solutions. This initiative aims to support these founders and put an end to the funding winter from the perspective of 8i Ventures.
