Theia Ventures announces first close of maiden fund at $30 Mn

Venture capital firm Theia Ventures has announced the first close of its maiden fund, securing $30 million (approx Rs 266.2 crore) toward its $30 million target. 

Theia will focus its Fund I investments on deeptech, energy transition, and decarbonisation, backing startups in areas like green mobility, sustainable materials, battery technologies, clean logistics, and industrial decarbonisation. 

To date, the firm has already locked in commitments exceeding 50% of the target. It is structured as a Category II Alternative Investment Fund (AIF) under…