TLDR:
- Early-stage VC firm 8i Ventures has launched a seed funding program called ‘Origami’
- They are looking to invest between $250,000 to $2 million in early-stage founders
The article discusses the launch of a new seed funding program ‘Origami’ by early-stage venture capital fund 8i Ventures. The firm is planning to invest between $250,000 to $2 million in early-stage founders from pre-seed to early revenue phases. The program has been allocated $10 million from Fund II and aims to back eight to ten startups this year. 8i Ventures recently closed its $50 million second fund, with $25 million raised, and has earmarked $10 million from Fund II for this initiative. The program promises a streamlined process with a quick response time, term sheet issuance in 2 weeks, and deal closure in just 4 weeks. Founded in 2019, 8i Ventures has already supported seven early-stage startups from its earlier fund, including companies like Slice, M2P, Easebuzz, and Blue Tokai. The firm remains open to various sectors and is focused on identifying great founders and teams to support at an early stage. The ‘Origami’ program aims to simplify fundraising for founders, allowing them to focus on building their businesses rather than lengthy fundraising cycles.
