About O2 Angels Network
O2 Angels Network, established in 2021, is an angel investment group based in Delhi, India. It primarily focuses on Seed investments in companies in India. Its portfolio includes 27 firms, spanning the HealthTech, High Tech sectors. Its most notable investments include companies like Skye Air, REGRIP and SpaceFields. Its latest investment was a $5M Seed round in SpaceFields on Sep 19, 2025, which also saw participation from Globaz Technologies and Rockstud Capital.
To date, 166 investors have co-invested in O2 Angels Network's portfolio companies, including prominent names like SiriusOne.
Key Metrics
Founded Year
2021
Location
Delhi, India
Sectors of Investment
Stages of Investment
Seed
Locations of Investment
O2 Angels Network's List of Top Investments
O2 Angels Network has a portfolio of 27 companies. Their most notable investments are in Amaara Herbs and Skye Air.Their portfolio spans across India and United States. They have invested in HealthTech, High Tech, Food and Agriculture Tech and 20 other sectors, across stages such as Seed stage. Here is the list of top investments by O2 Angels Network:1. Skye Air
Platform providing autonomous drone delivery solutions for last-mile logistics. This technology facilitates the transport of goods from hubs to designated points using unmanned aerial vehicles. The system integrates intelligent airspace management software to ensure operational safety and regulatory compliance during flight. By combining drones with ground robotics, the infrastructure supports efficient and rapid package distribution for various industries. This approach addresses urban congestion by shifting logistics off road networks to decrease transit times. Enterprise partners utilize these services to manage deliveries for e-commerce, healthcare, and other essential supply chains. The platform focuses on maintaining continuous operations to support scalable and consistent logistics workflows.
Key facts about Skye Air
- Founded Year: 2019
- Location: Gurugram (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $11.3M
- Employee Count: 92 as on May 31, 2026
- Investors: Chiratae Ventures, Indian Angel Network and 68 Others
- Latest Funding Round: Series B, Mar 11, 2026, $*****
- Highlight: Editors' Pick
2. REGRIP
Manufacturer of refurbished tyres using industrial shearing and retreading processes. This business performs inspections, repairs, buffing, building, enveloping, and curing to restore used rubber products. The process involves removing imperfections and applying new treads to extend the functional lifespan of discarded materials. These items are processed to meet performance standards for vehicle use. The operations include managing the lifecycle of rubber casings through systematic inspection and refurbishment techniques.
Key facts about REGRIP
- Founded Year: 2021
- Location: Jaipur (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $4.73M
- Employee Count: 7 as on Apr 30, 2026
- Investors: Firstport Capital, Anikarth Ventures and 35 Others
- Latest Funding Round: Seed, Jan 30, 2026, $*****
- Highlight: Editors' Pick

3. SpaceFields
Developer of custom solid propulsion systems for aerospace and defense. The company specializes in designing and developing mission-critical solid-fuel systems. It provides solutions for powering next-generation aerospace and defense platforms. The company focuses on high-performance solid composite propellants and integrated propulsion systems and rocket motors. Research and development efforts concentrate on energetics and chemical processes.
Key facts about SpaceFields
- Founded Year: 2021
- Location: Bengaluru (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $6.71M
- Employee Count: 20 as on Aug 31, 2025
- Investors: Valour Capital, SIDBI and 125 Others
- Latest Funding Round: Seed, Sep 19, 2025, $*****
- Highlight: Editors' Pick
4. Eeki
Tech-driven sustainable farming company building large-scale polyhouse farms with IoT automation. It provides end-to-end precision agriculture solutions through its GAP-certified polyhouse model—managing acres with in-house IoT sensors/software automating irrigation/fertigation,.
Key facts about Eeki
- Founded Year: 2018
- Location: Kota (India)
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $26.9M
- Employee Count: 121 as on Aug 31, 2025
- Investors: Sixth Sense Ventures, Innoven Capital and 82 Others
- Latest Funding Round: Series A, Apr 08, 2026, $*****
- Highlight: Editors' Pick
5. BQP
Developer of quantum-inspired simulation software for optimization, physics, and data analysis. The company provides solvers for optimization, physics, and data-driven problems. It offers resources including blogs, videos, and whitepapers. The company’s software integrates into existing workflows.
Key facts about BQP
- Founded Year: 2020
- Location: Syracuse (United States)
- Stage: Seed
- Total Funding till date: $8.55M
- Employee Count: 54 as on Aug 31, 2026
- Investors: Altius Ventures, Transpose Platform and 30 Others
- Latest Funding Round: Seed, Sep 02, 2026, $*****
- Highlight: Editors' Pick
O2 Angels Network's Year-on-Year Investment Trends
O2 Angels Network has invested in 27 companies over the last 5 years, with an average of 3 new investments annually in the last 5 years. In 2025, it made 3 investments. Its most recent first time investment was in Unibose and most recent follow-on round was in SpaceFields.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 1 | 2 | 3 |
2024 | 2 | 0 | 2 |
2023 | 3 | 0 | 3 |
2022 | 5 | 0 | 5 |
2021 | 5 | 0 | 5 |
O2 Angels Network's Investments by Stage
O2 Angels Network has made 16 investments in Seed stage with an average round size of $783K.O2 Angels Network's Investments by Sector
O2 Angels Network has a diverse portfolio, with companies operating in the High Tech, Sustainability Tech, Enterprise Applications, Environment Tech and Aerospace, Maritime and Defense Tech. Notably, it has invested in 24 Tech companies, 16 Consumer (B2C) companies, 15 Enterprise (B2B) companies and at least 10 companies focusing on Software.Sector | No. of Investments |
|---|---|
High Tech | 8 |
Sustainability Tech | 5 |
Enterprise Applications | 4 |
Environment Tech | 4 |
Aerospace, Maritime and Defense Tech | 3 |
Others | 28 |
Note: We have considered here, only first round of investments
O2 Angels Network's Investments by Geography
O2 Angels Network has made most investments in India (15), followed by United States where it has made 1 investment.Country | No. of Investments |
|---|---|
India | 15 |
United States | 1 |
Note: We have considered here, only first round of investments
O2 Angels Network's recent investments
O2 Angels Network has not made any investment in 2026 so far.Here are the most recent investments by O2 Angels Network:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 19, 2025 | India | Seed | 8689 | [+83] | |
Jul 14, 2025 | India | Seed | 2407 | [+6] | |
Apr 16, 2025 | India | Seed | 4410 | [+6] | |
Feb 26, 2024 | India | Seed | 1957 | [+5] | |
Jan 16, 2024 | India | Seed | 8107 | [+2] |
Co-investors of O2 Angels Network
Over the past 5 years, 542 investors have co-invested in O2 Angels Network's portfolio companies. This includes funds and angels.
- Invested before O2 Angels Network: Angel Scions, SiriusOne and 149 others have invested in rounds before O2 Angels Network. There are 3 companies where Angel Scions has invested before O2 Angels Network and 2 companies where SiriusOne has invested before O2 Angels Network.
- Top Co-investors of O2 Angels Network: 166 investors entered a company along with O2 Angels Network. These include investors like SiriusOne (4 companies).
- Invested after O2 Angels Network: A total of 225 investors have invested in O2 Angels Network's portfolio after their investments. Top Investors include Faad Capital (3 companies) and Soonicorn Ventures (2 companies).
Recent News related to O2 Angels Network
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Spacetech startup for propulsion systems Spacefields raises first institutional fundingIndiatimes•Feb 26, 2024•SpaceFields, Hvb88 angels, O2 Angels Network, VINNERS and 1 other
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Vgenomics Secures Seed Funding for Biotech AdvancementsStartup Story•Jan 16, 2024•Vgenomics, Mumbai Angels, O2 Angels Network
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Janitri closes pre-Series A at $1.1 million from iAngels backed by India AcceleratorOutlook India•May 02, 2023•Janitri, India Accelerator, C-CAMP, O2 Angels Network and 2 others
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Skye Air Mobility raises $1.7 mn led by Chiratae VenturesViestories•Nov 09, 2022•Skye Air, Chiratae Ventures, Lead Angels, O2 Angels Network and 2 others
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EekiFoods raises $2 million from Avaana Capital, othersAvaana Capital Advisors•Feb 10, 2022•Eeki, Avaana Capital Advisors, Better Capital, Icebreaker and 5 others
