Seafund
Overview
Seafund is a venture capital firm based in Bengaluru, India, specializing in early-stage investments across a variety of sectors, including deeptech, fintech, and healthcare. Founded in 2016 by Manoj Kumar Agarwal, Mayuresh Raut, and Guhesh Ramanathan, Seafund aims to support technologically-driven solutions and groundbreaking ideas with the potential for rapid scalability. As of 2025, Seafund has launched two funds and has made a total of 26 investments, primarily focusing on the Indian startup ecosystem.
Recent Developments
- January 2025: Seafund invested in Consint.AI, a generative AI-driven healthcare tech company that focuses on transforming healthcare transactions. The funding is set to accelerate Consint.AI's development of AI features and expand its operations within India and other regions such as the Middle East and Africa.
- December 2024: Agam Gupta, Principal at Seafund, was recognized as one of the influential principal VCs in Indian Startup Times, highlighting Seafund’s leading role in venture capital circles.
- September 2024: Seafund, in collaboration with other investors, funded SanchiConnect, a deeptech accelerator that aims to enhance its SaaS solutions and extend its market reach across the APAC and Middle East.
- November 2022: Seafund announced the first close of its Fund II at INR 30 Cr, with plans to raise INR 250 Cr by the end of 2024. The fund is focused on seed to early-stage investments, particularly in deeptech startups.
- October 2023: Successfully closed a funding round for Docker Vision and other startups, illustrating Seafund's growing portfolio in the deeptech domain.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2016 |
| Headquarters | Bengaluru, Karnataka, India |
| Founders | Manoj Kumar Agarwal, Mayuresh Raut, Guhesh Ramanathan |
| Revenue | Not Publicly Disclosed |
| Profits | Not Publicly Disclosed |
| Key Investors | Baring Private Equity Partners, Unicorn India Ventures |
| Industry | Venture Capital |
| Number of Employees | 11-50 |
Early History
Seafund was established in 2016 with a vision to foster innovation and support emerging entrepreneurs in India's burgeoning tech ecosystem. The founders, with their extensive backgrounds in technology investment and entrepreneurship, set up this venture to provide not only capital but also operational assistance to startups. Initially, Seafund focused on micro-fund investments in sectors such as SaaS, fintech, and edtech. The firm's unique approach of being hands-on with portfolio companies helped them gain a reputation as a value-added partner in the early stages of a startup's lifecycle.
Company Profile and Achievements
Seafund operates primarily as a category II Alternative Investment Fund (AIF) registered with the Securities and Exchange Board of India (SEBI). The firm stands out for its sector-agnostic approach, with a strong orientation towards technology-driven solutions.
- Investment Strategy: Seafund targets seed to early-stage funding rounds, with a focus on deeptech, fintech, AI, healthcare, and semiconductors.
- Fund Performance: Since its inception, Seafund has launched two main funds, making over 25 investments. The launch of Fund II marks an increased commitment to deeptech ventures.
- Notable Investments: Companies like Clootrack, Docker Vision, and Genrobotics have been part of Seafund's first and second fund portfolios, contributing to their substantial growth phases.
- Exit Strategies: The firm has successfully exited from several portfolio companies, including Wigzo Technologies, highlighting its strategic investment acumen.
Current Operations and Market Position
Seafund is now positioned as a key player in India's venture capital landscape. By 2025, the firm has extended its investment activities beyond India into emerging markets like the APAC and MEA regions. Its strength lies in its robust network of industry experts and its hands-on approach with startups. Seafund has carved a niche by emphasizing deeptech and disruptive technology investments, making it a sought-after partner in the realm of venture funding. The firm's commitment to sustainable growth and innovation has resulted in a commendable portfolio of startups that are gearing up for further rounds of funding and expansion.
Conclusion
Seafund continues to be a significant contributor to early-stage funding in India, providing both financial support and strategic guidance to startups that are poised to disrupt their respective industries. Its focus on technology-based solutions underscores a commitment to fostering innovation and addressing market needs through scalable business models. As Seafund continues to grow and expand its influence, it is likely to bolster its role as a leader in venture capital, empowering a new generation of businesses to achieve global reach and impact.