Momentum Capital
Overview
Momentum Capital is a venture capital firm that focuses on investing in early-stage startups, particularly those started by Indian-origin founders. The firm primarily targets startups in the climate and health sectors, leveraging its presence across Canada, India, and the United States to support founders in scaling their companies globally. Founded in 2022 by Ankur Shrivastava, Momentum Capital has raised and deployed over $10 million through its Fund I, investing in a portfolio of 13 startups, with plans to fund more companies over the next year. The firm operates with a mission to fund technology-driven solutions addressing environmental and health challenges.
Recent Developments
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August 2025: Momentum Capital co-authored a 'Climate-Tech Opportunity Map,' showcasing startup ideas that could reduce India's carbon emissions by up to 72%, in collaboration with Bharti Singhla, Principal at the firm.
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July 2025: The firm announced its investment in EarthEn, a company developing thermo-mechanical energy storage solutions.
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June 2025: Momentum Capital released a newsletter emphasizing the urgency for electricity decarbonization in India for national security and economic reasons.
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April 2025: Led a seed funding round for Vimano, a company focused on ion-conductive membranes to improve energy technology efficiency.
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December 2024: Participated in Confido Health's $3 million funding round, which aims to enhance health tech capabilities using AI.
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July 2024: Momentum Capital's investment focus was highlighted following its participation in healthtech and climate tech funding activities, emphasizing its commitment to sustainable and innovative technologies.
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February 2024: Involved in the Climate Investment report, reinforcing India's commitment to climate-focused policies and innovations.
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November 2023: Sponsored SusCrunch 2023, a major Indian climate tech ecosystem gathering, symbolizing its ongoing investment in sustainability initiatives.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2022 |
| Headquarters | Delaware, US; with additional offices in Toronto, CA, and Bengaluru, IN |
| Founders | Ankur Shrivastava |
| Revenue | Not publicly disclosed |
| Profits | Not publicly disclosed |
| Key Investors | BM Fund, among others |
| Industry | Venture Capital, Climate and Health Tech |
| Number of Employees | Approximately 10 |
Early History
Momentum Capital was founded in January 2022 by Ankur Shrivastava, who previously co-founded Globevestor, a cross-border venture capital platform. In its initial phase, the firm strategically positioned itself in three major entrepreneurial hubs: the United States, Canada, and India. The firm actively leveraged the cross-border investment model, especially targeting Indian-origin entrepreneurs whose solutions can resonate globally. This strategic positioning allowed Momentum Capital to tap into a vast network of consultants, entrepreneurs, and thought leaders, setting a strong foundation for identifying high-potential startups. The company's foundational years focused on establishing a strong advisory network, including industry veterans and pioneers in venture capital.
Company Profile and Achievements
Momentum Capital operates as a cross-border venture capital firm, specializing in investments at the seed stage, particularly in startups tackling climate and health challenges. The company's business model revolves around investing in startups driven by Indian-origin founders and supporting them in global scalability by leveraging an extensive advisory network.
Key achievements include:
- Fund I Formation: Successfully raised a $10 million fund, investing in 13 startups, with ambitions to scale its investment to over 25 startups.
- Strategic Investments: Actively invested in innovative startups like EarthEn (energy storage) and Dharaksha (biodegradable materials).
- Strong Portfolio Performance: With startups like Dharaksha raising INR 25 crore in follow-on funding and Confido Health securing $3 million from marquee investors, the firm has shown promising returns on its investments.
- Decarbonization Focus: Co-authored climate-tech reports that shape India's decarbonization strategy, positioning itself as a thought leader in sustainable technology investments.
- Network Expansion: Built an advisor and partner network including prestigious names like Bill Draper and Adam Draper, enhancing the firm's strategic capabilities across different technological sectors.
Current Operations and Market Position
Currently, Momentum Capital is actively deploying its Fund I across climate tech and health tech sectors. The firm is strategically placed to leverage its geographical presence for supporting Indian-origin startups in capturing international markets. By focusing on under-invested areas beyond the mainstream, such as manufacturing decarbonization and innovative energy solutions, the company aims to catalyze transformative changes in critical sectors. Through its partnerships and collaborations, Momentum Capital positions itself as a formidable player in the startup ecosystem, particularly in India and the United States, fostering cross-border technological exchanges and solutions.
Conclusion
Momentum Capital is poised to significantly impact the venture capital landscape, particularly in the climate and health sectors. Its strategic investments are not only backed by financial conviction but are also aligned with broader sustainable development goals, emphasizing purposeful technological innovation. With a strong founder like Ankur Shrivastava and a portfolio showing promising growth, the firm is expected to continue its trajectory of impactful investments. Its focus on decarbonization and scalable solutions is well-timed with global shifts towards sustainable practices, positioning Momentum Capital as a catalyst for transformative innovation in the tech ecosystem.