StartupXseed Ventures to get 20% of fund size from CVCFL

StartupXseed Ventures LLP has on boarded Canbank Venture Capital Fund Limited (CVCFL) for an investment of 20% of the fund size.

This collaboration will help enhance StartupXseed's plan of reaching out to more entrepreneurs with newer inventions in the technological space which could disrupt the global market, much like their previous investments.

StartupXseed Ventures focuses on B2B businesses opportunities to invest in and they have invested in companies like ShieldSquare, Aarav Unmanned Systems, AIBono (formerly Airwood Aerostructures), DarwinBox and Siliconch Systems.

B V Naidu, Managing Partner, StartupXseed Ventures said, "We are very excited to receive the investment from CVCFL and it will accelerate our investment plans to invest in the areas of Deep Technologies like Nano Electronics, AI/ML, Cyber Security, Semiconductor and IoT."

Canbank Venture Capital Fund Limited (CVCFL) is Public Sector Bank sponsored venture fund in India and across industries.

According to Baskaran, MD, CVCFL, "The EDF Fund Manager, Canbank VC, (a wholly owned subsidiary of Canara Bank), is excited to be a part of the journey and we believe it will serve the purpose of EDF and Government of India to boost entrepreneurs and startup ecosystem overall."