Fund profile / India

Theia Ventures Fund I

Geography
India
Stage
Pre-Seed
Fund size
$30M
Focus
Circular Economy, Climate & Sustainability, Deep Tech and Energy Tech
Signals
Published
Share
N°01 / About

About Theia Ventures Fund I

Climate Tech, Energy Transition, Deep Tech, Decarbonization, Circular Economy, Sustainability. First close October 2025, target corpus $60M. Pan-India investments.

N°02 / Thesis

Investment Focus

Location / RegionIndia
Funding StagePre-Seed
Industry Focus
Circular Economy
Climate & Sustainability
Deep Tech
Energy Tech

Investor Signals Profile

active

Sweet Spot

Deep-tech founder, India-rooted, category-creating, global ambition

deep tech
industrial decarbonization
advanced materials
AI & circular systems
power & industrial systems

Bullish Signals

Portfolio: Sarla Aviation, Climitra, Novyte, Lemniscaexternal
Hands-on pre-investment due diligenceexternal
Backs vision-stage deep-tech foundersexternal
Meets advisors, customers before investingwebsite
Strategy refinement support pre-dealwebsite
Founders cite hands-on, patient partnershipwebsite
$30M Fund 1 — BII anchor, first close donetwitter
Led Novyte pre-seed — AI materials discoverytwitter
Agri & circular = underfunded, high-return thesistwitter
Runs 'Unheated Podcast' — ecosystem buildertwitter
Lemnisca: AI-native fermentation optimization platformtwitter
Novyte: Generative AI + physics for R&D speeduptwitter
Soil conservation & agri-future backingtwitter
Hiring marketing & partnerships lead — expansion modetwitter
Phnx Materials featured: coal ash → clean cementtwitter
AirZyme portfolio: bio-DAC carbon removal techtwitter
Ecosystem focus: partners with GigaScale, Royal Insttwitter
Ground Truth event: data centre cooling & infrastructure focuswebsite
Founder testimonials: strategic partner, not just capitalwebsite
Team understands mission and grind of hard-to-abate sectorswebsite
Engages beyond data room—meets advisors & customerswebsite
Refines strategy, challenges assumptions pre-investmentwebsite
Backs founders on vision & grit alonewebsite
Patient capital for scientific rigor in deep-techwebsite
Catalysts in founder journeys, not just moneywebsite

Contrarian Signals

India-centric — limits Western deal flowexternal
Hard-to-abate sectors = long time horizonsexternal
Fund 1 only at first close — early stage fundtwitter

Founder Do's

Show deep technical insight & domain edge
Demonstrate first-hand problem understanding
Build category-defining, foundational infrastructure
Have global ambition from India base
Prove proprietary tech shifts industry economics

Founder Don'ts

No me-too market entrants
Don't hide behind data room only
Avoid incremental, non-disruptive tech

37 signals on Theia Ventures Fund I

25 bullish · 3 contrarian · 5 pitch do's · 3 don'ts · 1 GP profile, each with its source. From €9/month, cancel anytime.

Facts

Fund Overview

Fund Size$30M
Saves1
People

Key People

Priya Shah, Rohit Anand, Bhavik Vasa

Priya ShahFounder/GP
N°04 / See also

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Activate Fund I

Fund size$105M
Location
India
Stage
Pre Seed
Focus
Manager
Aakrit Vaish
Pre Seed