India, Oct. 8 -- Early stage venture capital (VC) firm Theia Ventures has announced the first close of its maiden fund with the raise of $30 Mn (INR 266.2 Cr) maiden fund with a target corpus of $30 Mn.

A Category II alternative investment fund, the Theia Ventures Fund I will invest in startups in deeptech, energy transition and decarbonisation, developing technologies to decarbonise critical sectors such as heavy industry, manufacturing, material science, mobility, and supply chains.

The firm secured commitments exceeding 50% of its target corpus and has begun deploying capital, as per its statement.

Founded in 2021 by Shah, Theia Ventures invests in pre seed and seed stage startups building disruptive technologies across the energy s...