TLDR:
- Synapses, a venture capital firm, launched a USD 125 million venture fund to address climate change and health crises.
- They aim to invest in early-stage companies using STEM to generate significant returns and impact.
Article Summary:
Synapses, a venture capital firm based in New Delhi, has recently announced the launch of a USD 125 million venture fund. The firm, founded by IIT alumni Ruchira Shukla and Karthik Chandrasekar, is dedicated to finding and advancing STEM-based solutions for health and climate change. The fund’s primary focus is to use human intelligence, business acumen, and teamwork to combat the ongoing climate change crisis globally.
The fund intends to invest in five to six firms at various stages, starting from seed to Series B rounds, with the goal of completing its first investment round by September or October. Ruchira Shukla emphasized that Synapses believes that science and technology are essential in addressing the current challenges of climate change and increasing disease burdens. The firm aims to nurture innovative thinkers and help them build technology businesses to deliver financial returns on a global scale.
In addition to the venture fund, Synapses also manages a seed investment program and an incubator in partnership with Niti Aayog. Karthik Chandrasekar highlighted the importance of bridging the gap between scientific innovation and commercialization, especially in the areas of healthtech and climate tech. By supporting early-stage companies utilizing STEM and intellectual property, Synapses aims to create impactful solutions while driving financial success.
