TLDR:
- 8i Ventures has launched a $10 million seed funding program called ‘Origami’ to support early stage founders.
- The program emphasizes speed, with a quick response time, term sheet issuance, and deal closure.
Venture capital fund 8i Ventures has announced the launch of ‘Origami’, a seed funding program targeted at early stage founders. The program is designed to support businesses in the pre-seed to early revenue stages, prioritizing speed as a key feature. 8i Ventures, founded in 2019 by Vikram Chachra and Vishwanath V, aims to nurture the next generation of business leaders by investing between $250K to $2 million in startups at the pre-seed to early revenue phase.
8i Ventures has been an early investor in companies such as Slice, M2P, Easebuzz, Transbnk, BharatX, and Blue Tokai. The firm plans to invest in 8-10 startups this year through the ‘Origami’ program and may consider doubling its allocation to $20 million if the initiative is successful. During the funding winter in November 2022, 8i Ventures announced the first close of its $50 million second fund, raising $25 million. The firm has allocated $10 million from Fund II to launch the ‘Origami’ initiative, ensuring a streamlined funding process for early stage founders.
This new seed program aims to accelerate startup growth across industries by providing quick and efficient funding to promising businesses. With a focus on supporting early stage founders, 8i Ventures’ ‘Origami’ program signals the firm’s commitment to fostering innovation and leadership in the startup ecosystem.
