Indian Angel Network's fund "IAN Alpha Fund" completed fundraising of US$42 million and will invest in Web3, Yuanverse and other fields
On December 4th, Indian Angel Network, an Indian venture capital firm, announced that its second fund, "IAN Alpha Fund," had raised an initial funding of $42 million, with investors including SIDBI (Small Industries Development Bank of India), SRI Fund, and IAN Fund I. The fund will focus on investing in areas such as financial technology, deep technology, Web3, metaverse, and Industry 4.0.
Previously, in October 2022, Indian Angel Network launched a $121 million fund to invest in areas such as financial technology and Web3.
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