Momentum Capital’s cross-border team works on deep network in Canada, India and US
The Globevestor founder Ankur Shrivastava has recently launched a new global micro-VC firm called Momentum Capital in Canada, India and the US, focused on seed-stage Indian startups and leverages on strong international network to help them grow globally despite ongoing funding winter.
“Momentum Capital is an organic jump in the journey to deeply leverage our global network & cross-border presence for the benefit of Indian startup founders,” said Shrivastava, Founder & Managing Partner, Momentum Capital, and founder of Globevestor.
“At Globevestor, we successfully pioneered a focused cross-border, hybrid-VC approach to investing across the US-India corridor to support Indian startup founders,” he said in a release on 23 Jan 2023 from New Delhi.
Shrivastava, who co-founded Globevestor in 2013, has invested in over 40 startups including Agnikul, Springboard, Zoomcar, Devtron, Good Health Company, Flintobox and has been a part of the many more success stories.
His past investments are spread across several industries, including SaaS, climate, health, and EdTech. His prior portfolio startups have raised over US$500 million in funding from Sequoia, Accel, Y Combinator, Khosla Ventures, Menlo Ventures, Insight Partners, Foundation Capital, etc. and are collectively valued at over US$1.5 billion now.
Momentum Capital has a cross-border team and deep network in Canada, India and the US, and it actively helps founders scale across the globe. Its strong and impressive advisory and partner network includes Bill Draper (Founder, Sutter Hill Ventures), Adam Draper (Founder, Boost VC), Adeo Ressi (Chairman, Founder Institute), Mike Suprovici (Head of Acceleration, VC Lab), Abhilash Singh (Founding Partner, Auctus Advisors), and several global CXOs from leading VC/PE firms, tech giants, blitzscaling startups and top consulting firms.
“We’ve consciously chosen a strong set of advisors, investors and venture partners across continents and verticals, to supercharge access to global capital and knowledge for Indian founders at the seed stage itself. I’ve shifted base to North America recently to double down on this further,” explained Shrivastava
The new firm has finalized a couple of stealth investments already, and while being largely sector-agnostic, it will have affinity for technology startups in climate, health and SaaS as key themes.
India has seen a few globally competitive startups being built at home already in recent years, but the firm believes that the next decade will belong to a drove of global tech leaders born in India.
“Despite the ongoing funding winter, it remains a great time to build for Indian entrepreneurs,” he underlined.
“We aim to work with passionate founders, building for India and the world with more financial discipline. We are here to support them in their quest to win anywhere in the world,” Shrivastava assured.
Momentum Capital is a global micro-VC firm with presence in Canada, US and India, and invests in Indian technology startups at pre-seed and seed stage across sectors, with affinity for climate, SaaS, and health. With a strong set of advisors, investors, and partners who have deep investing experience spread across continents and verticals, the firm supercharges global network leverage for Indian founders at the earliest stages. fiinews.com
