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Venture capital fund 8i Ventures has announced the launch of Origami, a seed funding program aimed at supporting early-stage founders.
Through this seed program, 8i Ventures targets companies from pre-seed to early revenue stages, prioritizing speed as their hallmark.
According to an official release, the program guarantees a streamlined process for responses in one week, term sheets in two weeks, and close deals in just four weeks, helping founders raise capital and eliminating delays and disruptions. No growth possible.
In the midst of the winter funding season, 8i Ventures has raised $25 million and announced the first close of its second fund of $50 million. The company allocated his US$10 million from Fund II to launch this initiative.
“Some of the most successful startups were born during the toughest funding winters. Uber, Airbnb, and Whatsapp all launched during the Great Financial Crisis of 2008,” said Vikram Chachra, founding partner at 8i Ventures. Founded in created. Through this seed program, we aim to invest in 8-10 startups this year. If the initiative is popular, he would like to double the allocation to $20. a million. “
Founded in 2019 by Vikram Chachra and Vishwanath V, the company is committed to developing the next generation of business leaders. We aim to accelerate startup growth across industries by investing $250,000 to $2 million in pre-seed to early revenue-stage companies.
8i Ventures is an early investor in companies such as Slice, M2P, Easebuzz, and Blue Tokai.
8i Ventures Partner Vishwanath V said, “Origami aims to simplify fundraising for founders who want to use their bandwidth for their customers instead of long funding cycles. We’re here to support great teams and help them build great ventures.” A fast and transparent decision-making process. ”
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