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Unitus Ventures, formerly Unitus Seed Fund, functions as an impact venture fund focused on early-stage startups in India. The firm invests in companies innovating solutions for the masses, providing seed capital, strategic support, and access to growth capital and a mentor network. This comprehensive approach aims to build sustainable businesses that address the critical needs of underserved populations.
The broader Unitus organization originated in Seattle in 2000 as a non-profit institution. The Unitus Seed Fund was subsequently incubated by Unitus Labs from late 2011 to mid-2012, formally launching as a separate impact fund. Co-founder Will Poole and others recognized the pressing need for venture capital to scale market-based solutions for critical needs within emerging economies.
Unitus Ventures targets entrepreneurs developing accessible products and services for large, underserved populations in India. Its overarching vision is to drive significant social and economic impact by empowering these businesses to grow and achieve their full potential. The firm demonstrates that profitable ventures can effectively address societal needs, fostering a sustainable ecosystem for inclusive innovation.
Key people at Unitus Seed Fund.
Unitus Seed Fund was founded in 2012 by Dave Richards (Co-Founder & Managing Partner).
Key people at Unitus Seed Fund.
Unitus Seed Fund was founded in 2012 by Dave Richards (Co-Founder & Managing Partner).
Unitus Seed Fund has 9 tracked investments across 8 companies. The latest tracked deal is $3.5M Series A in Cusmat in February 2023.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Feb 7, 2023 | Cusmat | $3.5M Series A | Bala Srinivasa | Better Capital, Dholakia Ventures, ICE VC, Legacy Asset, MapmyIndia, Mumbai Angels, Apoorva Ranjan Sharma, WE Founder Circle |
| Oct 1, 2022 | 5C Network | $5.0M Series A | Celesta Capital | Axilor Ventures, Ajay Gupta, Rohit Razdan, Shiv Tallam |
| Dec 1, 2020 | 5C Network | $1.0M Seed | Axilor Ventures, Unitus Seed Fund | — |
| Aug 13, 2020 | Eduvanz | $5.0M Series A | Ashish Agrawal | Kunal Shah |
| Jun 15, 2016 | Cuemath | $4.0M Series A | — | Peak XV Partners (Sequoia Capital India) |
| Jun 15, 2016 | AddressHealth | $1.5M Series A | Gray Matters Capital | — |
| Sep 1, 2015 | UE LifeSciences | $3.0M Series A | Aarin Capital | 3one4 Capital |
| Jul 2, 2014 | Hippocampus Learning Centres | $2.4M Other Equity | Aniruddha Patil | Khosla Impact |
| Jul 3, 2013 | Milaap | $1.1M Other Equity | Jungle Ventures | Jayesh Parekh, Toivo Annus, Hari Kumar |