Golden Sparrow Ventures, a venture capital fund investing in Indian-origin deep-tech and enterprise AI founders, has announced the first close of its $20 million Fund II.
Over half of the fund has been committed, with more than 60% of Fund I’s limited partners re-investing. The fund will target 22 companies at the pre-seed and seed stages, with an average cheque size of $650,000. The portfolio allocation will be roughly split, with 50% focused on deep tech and 50% on enterprise AI.
About 12% of the capital is reserved for follow-on investments in…

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