Riceberg Ventures, an early-stage venture capital firm, has unveiled a $20 million fund aimed at nurturing and scaling deep-tech startups, with a special focus on space technology. Backed by a group of Limited Partners (LPs), the fund seeks to bridge the funding gap in the sector by providing early-stage capital to innovative startups across the globe.
The firm plans to invest in 25 to 30 startups, with an average check size of $0.5 million, targeting high-growth areas like spacetech, medtech/life sciences, cybersecurity, AI, robotics, novel energy, semiconductors, and quantum computing. By focusing on these cutting-edge sectors, Riceberg Ventures is positioning itself as a key player in the development of next-generation technologies.
Co-founded in 2023 by Ankit Anand, Mredul Sarda, Shubham Raj, and Lino Gandola, Riceberg Ventures aims to support startups from ideation to commercialization by offering hands-on assistance and access to its global network of business and technical leaders in deeptech. This network is pivotal for helping startups achieve product-market fit (PMF), ensuring their long-term success.
With operations spanning Europe, the US, and India, Riceberg Ventures draws on its extensive connections with top scientists and experts to provide valuable guidance to its portfolio companies. Additionally, its international presence facilitates access to a broad network of venture capitalists, opening doors for co-investments and follow-on funding opportunities.
In its commitment to furthering the space-tech ecosystem, Riceberg Ventures has partnered with E2MC Ventures and launched KickSky, India’s first dedicated spacetech accelerator. The program, which recently kicked off its second cohort, is set to go live in January 2025 and will offer promising startups the resources they need to excel in the space sector.
Among the startups currently receiving backing from Riceberg Ventures are Manastu Space, Signatur Biosciences, EtherealX, Keyron Medical, and Arch0. The firm’s support is further bolstered by industry veterans Uday Desai and Prasad Chaganti.
As deeptech continues to evolve and reshape industries, Riceberg Ventures is well-positioned to play a crucial role in fostering innovation and driving the growth of advanced technology solutions globally.
