We Founder Circle, a Mumbai-based early-stage startup investment platform, announced on Thursday the launch of two funds to support early-stage startups in India.

The first fund, an angel fund called Invstt Trust, has a target corpus of Rs 200 crore and a green shoe option of up to Rs 200 crore. It has received a Rs 50 crore commitment for the first fund, according to Gaurav Singhvi, Co-founder of We Founder Circle.

We Founder Circle Global Angels Fund, the angel network’s proposed second fund, will be a cross-border fund in GIFT City in Gandhinagar, with a target size of $30 million and a green shoe option of $30 million (Rs 247.3 crore), and will allow overseas investors to participate in investment opportunities.

Commenting on the development, Neeraj Tyagi, co-founder and chief executive, We Founder Circle, said, “We have been building both sides of the community and the funds will enable the growing number of angel investors to invest in a regulatory and compliance-based framework. We expect to bring in more than 1000 angel investors to invest in 200 startups in the next 24 months.” said Neeraj Tyagi, co-founder and chief executive, We Founder Circle.

Both funds will look to invest in sectors such as financial services, deeptech, financial technology, electric vehicles, content gaming, and agritech, among others, according to the firm. Singhvi added that the GIFT city’s cross-border fund will also invest in startups in other countries.

The investment horizon will be seven years, with a two-year extension possible. Both funds anticipate investing between Rs 2-4 crore in startups, according to Singhvi.

We Founder Circle, founded in 2020 by Tyagi, Singhvi, Saurabh Deo, Bhawna Bhatnagar, and Vikas Aggarwal, has invested in early-stage startups. It had previously invested as an angel network.

Among the startups in its portfolio are Zypp, Settl, Vidyakul, Glamyo Health, Geekster, YPay, Kazam, nestroots, Cusmat, Humus, Flatheads, Oben EV, and Zoviane Pets. The platform currently has approximately 4,500 investors from 30 countries, according to its website.

According to the investor platform, 75 per cent of its investments have gone to founders in tier I and II cities.

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