Growth may have been bumpy in 2020, but the stage is set for a sharp
cyclical rebound. Actually, the rebound is already here. The future now is way
bigger and (some) companies are going to get there regardless. The playing field has been levelled.
These past few months have felt busier than ever, with no slowdown
in sight when it comes to startup funding and growth. Venture investing business rebounded with a vengeance after a brief pause in April 2020. Higher deal velocity, big
spike in seed & series A deals - investor interest in Indian startups not only sustained but increased in a pandemic-marred year. The amount raised
this year was higher than in 2016 and 2017 and $1.5 billion of the new capital
came in December alone.
As markets shut down and governments across the world issued stay-at-home orders to stem the Covid-19 outbreak, 100X.VC and other funds continued to invest in early-stage startups. We funded 9 startups in Class 02, August 2020 and backed founders from Femtech, Wellness, AgriTech, Cyber Security, and HRTech sectors. We have just closed Class 03 investments ( to be announced through VC Pitch Day on January 21st).
What 2021 has in store for all of us:
Given how far we've moved into the digital landscape, covid truly has acted as a catalyst. Broad trends accelerated which are likely to change the way we work and live in 2021:
As we launch applications for Class 04 Seed funding, 100X.VC is excited and optimistic to back founders building new capabilities to drive the next wave of growth, with strong covid tailwinds driving collaboration and productivity.
Published on: December 30, 2020