Founders of early-stage incubator Investopad announced the launch of a $25 million fund termed Good Capital. The fund will invest between $100,000 to $2 million across pre-seed to Series-A funding rounds in both B2C and B2B startups and will be sector agnostic.

Good Capital has raised $12 million so far and the fund has announced seed investment in two startups. It will invest $1.25 million in video-based e-commerce platform SimSim and has invested in Uber co-founder backed Spatial Inc.

The strategic investment company Symphony International Holdings is a key investor in the fund in addition to a host of European family offices and silicon valley-based entrepreneurs. CNBC-TV18 spoke with Arjun Malhotra, Co- Founder of Investopad, to understand more about the fund.

"We are trying to build an early stage ecosystem to nurture entrepreneurs, help them connect to future co-investors and advisors who could help accelerate the business and in the process we ended up making a few investments. And it is really the investing that has become the full-time job. So, we are actually moving on from Investopad and Good Capital is a separate venture where we are focused completely on sourcing early stage founders. In terms of the stage that we are investing, because we are at the pre-seed stage, we are typically finding founders that are operating in spaces that are a little bit different." he said.

The fund has already invested in two companies -- one is SimSim and the other is Spatial. "A third investment we have done is in Entri -- a Kerala-based company in the test-prep space for government jobs. We expect to seed about 17 or 18 companies over the next 2 years and beyond that we will fully deploy the fund over the next 5 years. So, reserving about 50-60 percent of the fund to double down into the same companies," Malhotra added,

First Published:Sept 9, 2019 7:10 PM IST