Serial investor Sanjay Mehta-led venture capital firm 100X.VC has finally revealed its Class 02 investments – nine seed-stage start-ups from various sectors, during the VC Pitch Day, held on Friday (September 18).
In a press statement, 100X.VC said, Class 02 startups were funded through iSAFE notes which allows an investor to make cash investments in return for a convertible instrument that allows an investor to buy shares in a future priced round.
The firm, which was launched in July 2019, has received 4,500 applications which includes agritech, automotive, blockchain, edtech, governance and fintech, among many others.
Ninad Karpe, Partner at 100X.VC said, “We are delighted to present the nine exciting startups as part of our Class 02. We have faced unprecedented challenges this year and are proud of our Class 02 startups who have displayed tenacity, determination and perseverance to pursue their vision.”