Speciale Invest, a deep-science and technology-focused venture capital firm, announced the close of its third fund at ₹600 crore, exceeding its initial target of ₹500 crore. The fund will invest in sovereign technology and globally scalable intellectual property from India.
Fund III plans to support 18–20 new early-stage deeptech startups between 2025 and 2029 in space, advanced manufacturing, energy, health, and artificial intelligence.
With Fund III, Speciale has evolved to become one of the largest funds in India investing at the pre-seed stage in deep-tech. This scale allows the firm to lead early rounds, take meaningful positions, and support founders through long gestation cycles inherent to hard-tech ventures.
Vishesh Rajaram, Managing Partner, Speciale Invest, said, “We believe the next generation of global champions will emerge from India’s labs, R&D centers, and workshops. In a geopolitically complex and technologically interdependent world, building for India’s resilience and sovereign capabilities is not just a national imperative—it is also a generational venture opportunity.”
Arjun Rao, Partner, Speciale Invest, said, “Deep-tech represents one of the most exciting frontiers for venture capital in India. The combination of world-class technical talent, increasing policy support, and global market access has created an unprecedented window to back companies solving some of humanity’s most complex challenges from India.”
Since its inception in 2018, Speciale Invest has been an investor in several of India’s category-defining deep-tech startups, including Agnikul Cosmos (orbital-class launch vehicles), the ePlane Company (electric aerial mobility), GalaxEye (multi-sensor satellite intelligence), QNu Labs (quantum cybersecurity), Fermbox (synbio for industrial bioprocessing), Inspecity (in-orbit infrastructure), and Newtrace (next-gen electrolyzers), among others.
