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BITS Spark Angels operates as an angel investment network dedicated to fostering entrepreneurship within the BITS Pilani alumni community. The organization primarily serves as a platform that connects promising startups founded by BITS Pilani graduates with a global syndicate of experienced angel investors from the same alma mater. It facilitates access to capital, critical mentorship, and extensive networking opportunities, thereby strengthening the foundational support for emerging ventures.
Established in 2001, BITS Spark Angels emerged from a collective initiative by BITS Pilani alumni and is supported by the BITS Alumni Association. The driving insight behind its formation was the recognition of a powerful, untapped network among successful alumni, united by their shared educational background. This familial connection provides a unique foundation for trust and a common understanding of the entrepreneurial journey, motivating alumni to invest back into their institutional ecosystem.
The network serves BITSian founders seeking early-stage funding and strategic guidance, as well as alumni who wish to engage as angel investors. Its vision extends to significantly enhancing BITS Pilani's reputation as a hub for innovation and entrepreneurship. BITS Spark Angels aims to cultivate a vibrant, self-sustaining startup ecosystem that continuously nurtures and propels BITSian ventures to achieve significant impact.
BITS Spark Angels has 2 tracked investments across 2 companies. The latest tracked deal is $1.0M Seed in Thinkster Math in June 2013.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jun 13, 2013 | Thinkster Math | $1.0M Seed | Soundboard Angel Fund | Ranjan PAI, Sand Hill Angels |
| Jun 12, 2013 | PrazAs | $1.0M Seed | — | Aarin Capital, Sand Hill Angels, Soundboard Angel Fund |