YourNest Venture Capital
Overview
YourNest Venture Capital is a prominent early-stage venture capital firm based in India, known for its focus on nurturing emerging startups, particularly in the deeptech space. The firm was founded by Sunil Goyal and other key principals who had extensive experience in both entrepreneurship and investment sectors. Since its inception, YourNest has raised several funds, with the latest being the YourNest Innovative Products VC Fund III. This $69 million fund highlights their commitment to scaling startups that leverage disruptive technologies such as AI, IoT, Robotics, AR/VR/MR, among others.
Recent Developments
- December 2024: YourNest Venture Capital announced a partnership with SanchiConnect, aiming to invest Rs 48 crore in eight startups through the Velocity Accelerator Program. This initiative marks the largest deeptech funding cohort of the year, aimed at nurturing startups with transformative solutions across diverse sectors such as AI, logistics, healthcare, and industrial manufacturing.
- Notable startups in the cohort include Induz, leveraging AI in data management and CargoFL, optimizing supply chains with AI solutions.
- November 2024: The firm led a $780,000 funding round for Induz, a data security startup specializing in confidential computing. Induz aims to enhance enterprise data security utilizing innovative AI solutions.
- August 2024: In a $5 million funding round, YourNest was the lead investor for EtherealX, a spacetech startup advancing reusable satellite launch vehicles. This round also saw participation from international investors.
- June 2024: YourNest and SIDBI Venture Capital co-led a $6.5 million funding round for QpiAI to develop quantum computing and generative AI platforms.
- May 2024: Launched an accelerator program targeting deeptech startups with core intellectual property. This program promises funding, mentorship, and strategic global market entry support.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2011 |
| Headquarters | Gurgaon, India |
| Founders | Sunil Goyal |
| Revenue | Not publicly disclosed |
| Profits | Not publicly disclosed |
| Key Investors | Includes notable venture funds |
| Industry | Venture Capital |
| Number of Employees | Approx. 20-50 |
Early History
YourNest Venture Capital was founded in 2011 by Sunil Goyal and a team of seasoned professionals who identified the potential of investing in early-stage technology startups in India. The firm’s foundational principle was ‘Nurture Capital,’ emphasizing a holistic support system for startups beyond just capital investment. From the onset, YourNest focused on creating a collaborative ecosystem involving strategic mentorship, industry insights, and growth facilitation. A significant early achievement was the successful exit from Uniphore, a conversational AI company, illustrating YourNest's potential to identify and scale innovative startups. This exit not only returned significant value to its investors but also positioned YourNest as a crucial player in the venture capital space in India.
Company Profile and Achievements
YourNest Venture Capital operates on a distinctive business model that incorporates 'Nurture Capital,' aiming to provide a comprehensive support ecosystem for startups. This includes early-stage funding, strategic support, and access to a broad network of industry leaders.
- Principal Achievements:
- YourNest led early investments in several notable startups such as Uniphore, Tricog Health, and SmartQ, contributing to their significant market presence globally.
- Successful launch of three different funds, with Fund III being $69 million, reflecting strong investor confidence.
- YourNest's portfolio companies have raised additional capital, scaling on various global platforms and establishing a foothold in international markets.
- Recent strategic focus has been on emerging technologies like AI, Robotics, and AR/VR, showcased through partnerships like the one with SanchiConnect.
Current Operations and Market Position
YourNest Venture Capital continues to solidify its market position as a leading firm in the deeptech investment landscape. It actively engages in funding rounds for companies that exhibit potential to revolutionize industries through technology.
- Market Position: Recognized for identifying and nurturing high-potential startups, YourNest has carved a niche in the deep tech sector.
- Competitive Advantages: Distinct nurturing approach, experienced leadership, and robust networks in both domestic and international markets.
- Recent Initiatives: Includes accelerator programs focused on Growth stage hardware/software startups, aiming to empower them with necessary resources for scalability.
Conclusion
YourNest Venture Capital has significantly impacted India's venture capital landscape with its unique focus on deeptech and early-stage startups. The firm’s ‘Nurture Capital’ strategy has enabled many nascent businesses to flourish in global arenas, thus furthering technological innovation and economic growth. Moving forward, as YourNest continues to identify and invest in cutting-edge technologies, it is poised to maintain its critical role in fostering transformative startup ecosystems. With a focus on disruptive technologies and strategic global partnerships, it sets a promising trajectory for advancing innovative solutions and enhancing India's standing in the global tech industry.