Accelerator fund 9Unicorns to invest in150 startups globally
Accelerator fund 9Unicorns is planning to invest in 150 startups globally in 2022. It has witnessed over 30 up-rounds in 2021 and 10 times co-investing in its portfolio by multiple global VCs, family offices, Unicorn founders and top CXOs.
During the year, 9Unicorns invested in 90-odd unique startups with a total round size of $465 million. On a standalone basis, 9Unicorns invested a total amount of $32 million.
The accelerator fund is on track of creating several billion-dollar startups from its stable in over the next few year and has to be noted that it has charted a new and very unique funding strategy, where in it would be investing in both idea-stage and Series C stage startups. For idea-stage it looks to invest $.5 million to $1million whereas For Series C and above, it plans to write cheques up to $3 million in high-growth stage startups.
Dr Apoorva Ranjan Sharma, Co-Founder and Managing Director, 9Unicorn said, "Besides, the birth of 40-odd Unicorns in 2021, the highest ever, speaks volumes about the potential the country has to create over 200 Unicorns over next 2-3 years. The pandemic has created a sea of opportunities for many of these startups and we expect to invest in about 200 startups in the coming year."