In the meantime, we don’t need our data to tell us to have a conversation, so if you’re a startup founder interested in partnering with a firm that understands how to build data-driven companies, or a co-investor interested in finding out more about how we can partner, please reach out. Together with our amazing founders and LPs, we aspire to make a major impact on democratizing venture capital for the global startup community. We’re excited for the second chapter in Rocketship’s story about what the future of venture capital looks like. But we theorize that it will help us make big strides in a more equitable and democratized approach to funding the best and brightest teams and their companies. Will it be perfect? No, not as long as you have people building the models and influencing the data. We believe that by following the data we can remove much of the unconscious gender, race, stage, industry, and geographic bias that influences the investment choices of even the most well-meaning investor. Harinarayan has seen the boom and bust cycles of 20 before starting Rocketship VC. This is something we could never have done relying on the traditional VC model of “network + inbound deal flow,” as it would require years of network and office building around the globe. Harinarayan started the early-stage VC firm, Rocketship VC, in 2013.
Using the same data science principles our founding team used at Amazon, Walmart Labs, Kosmix and NASA, we’ve built highly vetted models that help us identify new and exciting companies from Silicon Valley to Singapore, Stockholm to Shanghai, and Brazil to Bangalore. In parallel, the fight for social justice and a renewed focus on racial and gender diversity in technology and venture capital highlights the need for a new, unbiased approach to identifying investments.Īll of this reaffirms our belief that for a Silicon Valley firm to meet the investment opportunities this new global founder community presents, we need to rely on more than our network to find the most promising startups. Stricter immigration policies for tech workers and students are convincing aspiring founders that starting in-country makes sense regardless of -COVID. COVID-19 has changed the way venture firms are engaging with startups, with pitches over Zoom and term negotiation over WeChat. The past six months have seen major developments in healthcare, public policy and social justice that have only accelerated the startup globalization trend. In the years since we have seen the globalization of entrepreneurship as mobile-first (and mobile-only) regions like Asia, Southeast Asia, Latin America, and Europe build thriving startup communities. When we started Rocketship in 2015, it was with the idea that data science and machine learning would play a major role in the future of venture investing - similar to the way it has disrupted retail, finance, healthcare, and other industries. According to Fintrackr’s estimate, Animall has been valued at Rs 205-215 crore, post-money, in. While Rocketship VC has infused Rs 14.6 crore, Avaana Capital’s founder Anjali Bansal has put in Rs 30 lakh.
#Rocketship vc series
This new fund is a major validation of our founding thesis that data is eating venture capital (apologies and credit to our friend and LP Marc Andreessen for the paraphrase in spirit). Animall has allotted 18,271 Series A1 preference shares at an issue price of Rs 8,264.95 to raise Rs 15.1 crore, regulatory filings show. Support quality journalism and subscribe to Business Standard.Today, we’re excited to announce that we have closed our second fund - totaling $100 million - to help us democratize access to venture funding through the power of data science. Your support through more subscriptions can help us practise the journalism to which we are committed. We believe in free, fair and credible journalism. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.Īs we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world.
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