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About Surge

Surge, an accelerator and incubator program founded in 2019, is based in United States. With a presence in 13 countries, it has supported around 201 startups in sectors like Enterprise Applications, High Tech. As of Apr 2026, Surge has 2 unicorns under its belt and has witnessed 12 portfolio exits. Most notable companies in its portfolio include Cult.fit, Seekho and Invideo. The program is backed by a team of 14 people who primarily support Seed startups based in India. Its latest investment was a $2.5M Seed round in Companion Labs on Nov 04, 2025, which also saw participation from All In Capital and The Untitled Ventures.
Key Metrics
Founded Year
2019
Portfolio Companies
Sectors of Investment
Stages of Investment
Seed, Series A & 2 more
Locations of Investment
Unicorn in Portfolio

Surge's List of Top Investments

Surge has a portfolio of 201 companies, including 2 unicorns. Their most notable investments are in Red Brick Ai and Manatal.Their portfolio spans across India, United States, Singapore and 10 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 29 other sectors, across stages such as Seed, Series A  and 2 more. Here is the list of top investments by Surge:
Provider of fitness memberships encompassing group classes, gyms, and at-home workouts. It offers various membership tiers providing access to different combinations of in-person and virtual fitness options. These options include group fitness classes led by trainers, access to gyms with varying levels of equipment and amenities, and live at-home workout sessions. Memberships also incorporate access to sports activities such as badminton and swimming. The company also provides coaching programs focused on weight loss and wellness resources. The offerings aim to create a holistic fitness experience.

Key facts about Cult.fit

  • Founded Year: 2016
  • Location: Bengaluru (India)
  • Annual Revenue: ₹1,270Cr as on Mar 31, 2025
  • Valuation: $*****
  • Stage: Series G
  • Total Funding till date: $714M
  • Employee Count: 1,832 as on Apr 30, 2025
  • Investors: Temasek, Axis Bank and 95 Others
  • Latest Funding Round: Series G, Mar 21, 2026, $*****
  • Highlight: Editors' Pick
Platform offers short-form educational videos in Hindi and regional languages. The platform focuses on skill development across domains like digital marketing, finance, entrepreneurship, and personal development. Its platform includes both free and premium content, with a subscription model and ad-supported access. Users can engage through video series, quizzes, live events, and mentorship, making the learning experience interactive and practical.

Key facts about Seekho

Developer of an artificial intelligence platform for video creation and editing. The platform provides tools for generating videos from text prompts, images, and other media. It offers features such as AI avatars, voice cloning, video translation, and subtitle generation. The platform also includes an online video editor, video collage maker, and tools for adding music and text to videos.

Key facts about Invideo

Developer of application enabling educators to conduct online classes and coaching. The application provides tools for teaching, assessments, and communication with students. It facilitates the management of courses and educational content.

Key facts about Classplus

  • Founded Year: 2015
  • Location: Noida (India)
  • Annual Revenue: ₹265Cr as on Mar 31, 2024
  • Valuation: $*****
  • Stage: Series D
  • Total Funding till date: $249M
  • Employee Count: 689 as on Mar 31, 2026
  • Investors: Tiger Global Management, Chimera and 47 Others
  • Latest Funding Round: Series D, Jan 18, 2024, $*****
  • Highlight: Editors' Pick

5. Log9

Online platform offering advanced battery technology solutions for electric vehicles. It is an innovative nanotechnology company specializing in the production of graphene based materials and the development of advanced battery solutions.

Key facts about Log9

  • Founded Year: 2015
  • Location: Bengaluru (India)
  • Annual Revenue: ₹110Cr as on Mar 31, 2024
  • Valuation: $*****
  • Stage: Series B
  • Total Funding till date: $90.3M
  • Employee Count: 269 as on Mar 31, 2026
  • Investors: Trifecta Capital, Ignis Capital and 79 Others
  • Latest Funding Round: Angel, May 10, 2024, $*****
  • Highlight: Editors' Pick

Surge's Investments by Stage

Surge has made 142 investments in Seed stage with an average round size of $3.03M, 24 investments in Series A stage with an average round size of $6.22M, 1 investment in Series B stage with an average round size of $25M and 1 investment in Series F stage with an average round size of $1.33M.
Here are Surge's investments by stage:
Stage of entry
No. of Investments
Seed
142
Series A
24
Series B
1
Series F
1
Breakdown of Surge's investments by stage of entrySeed (142)Series A (24)
Note: We have considered here, only first round of investments

Surge's Investments by Sector

Surge has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, Retail, FinTech and High Tech. Notably, it has invested in 185 Tech companies, 123 Enterprise (B2B) companies, 123 Software companies and at least 87 companies focusing on Consumer (B2C).
Here are Surge's investments by sector:
Sector
No. of Investments
Enterprise Applications
86
Consumer
47
Retail
29
FinTech
28
High Tech
25
Others
173
Breakdown of Surge's investments by sectorsEnterprise Applic... (86)Consumer (47)
Note: We have considered here, only first round of investments

Surge's Investments by Geography

Surge has made most investments in India (76), followed by United States where it has made 37 investments.
Here are Surge's investments by geography:
Country
No. of Investments
India
76
United States
37
Singapore
25
Indonesia
17
Australia
4
Others
15
Breakdown of Surge's investments by countriesIndia (76)United States (37)
Note: We have considered here, only first round of investments

Surge's recent investments

Surge has not made any investment in 2026 so far.
Here are the most recent investments by Surge:
Date
Company
Location
Round Details
Round Amount
Co-Investors
Nov 04, 2025
India
Seed
8212
Sep 16, 2025
United Arab Emirates
Seed
9326
-
Sep 04, 2025
India
Seed
3666
Sep 03, 2025
India
Seed
2179
Aug 04, 2025
Spain
Seed
1066
  [+1]

Unicorns in Surge's Portfolio

Surge has 2 unicorns in its portfolio - Airalo and Cult.fit. The most recent unicorn in their portfolio is Airalo. It became a unicorn in 2025, 5 years after Surge first invested in it.
Here is a list of unicorns in Surge's portfolio:
Tracxn Score
Company
Short Description
Founded year
Sector
Location
Company Stage
First Investment/ Acquisition Details
74
Operator of eSIM stores intended to provide connectivity to travellers
2019
Delaware
Series C
ij{rxgq
86
Provider of fitness memberships encompassing group classes, gyms, and at-home workouts
2016
Bengaluru
Series G
xyocwem

Acquired companies in Surge's Portfolio

12 companies from Surge's portfolio have been acquired. The most recent acquisition were Zenyum in Feb 2026 by Makeo.
Here are Surge's portfolio companies that got acquired most recently:
Company
Acquisition Date
First Invested on
First Round of Investment
Round Size
Feb 11, 2026
Apr 19, 2019
Seed
7517
May 06, 2025
Mar 01, 2023
Seed
2784
Mar 28, 2025
Mar 02, 2021
Seed
9429
Jan 22, 2025
-
-
4217
Jan 03, 2024
Jul 10, 2023
Seed
9664

Team profile of Surge

Surge has a team of 14 members including 1 Partner, 1 Venture Partner and 6 Principals located in India and Singapore. Surge's team sits on the board of 2 companies.
Here is a list of top team members in Surge:
Name
Designation
Location
Board Memberships
Contact Details
Partner
Singapore
Via, Craftsvilla and 1 more
-
Venture Partner
Bengaluru
-
-
Principal
Singapore
-
-
Principal
Bengaluru
-
Principal
Singapore
-
-
Principal
Bengaluru
Principal
Bengaluru
-
Principal
Singapore
-

Co-investors of Surge

Over the past 8 years, 1746 investors have co-invested in Surge's portfolio companies. This includes funds and angels.

  • Invested before SurgeAngel List, Peak XV Partners and 802 others have invested in rounds before Surge. There are 13 companies where Angel List has invested before Surge and 12 companies where Peak XV Partners has invested before Surge.
  • Top Co-investors of Surge398 investors entered a company along with Surge. These include investors like Peak XV Partners (14 companies).
  • Invested after SurgeA total of 544 investors have invested in Surge's portfolio after their investments. Top Investors include Peak XV Partners (38 companies) and Tiger Global Management (14 companies).

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FAQs about Surge

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