About DeVC
DeVC is a venture capital firm founded in 2022. It is primarily based out of Bengaluru, India. As of Aug 2026, DeVC is an active investor, having invested in 80 companies, with 19 new investments in the last 12 months. It primarily invests in Seed round in India based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Retail. Most recently it participated in the $***** Seed round of Hulp A lot of funds co-invest with DeVC, with names like Angel List sharing a substantial percentage of its portfolio. DeVC has team of 6 people including 3 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
DeVC's List of Top Investments
DeVC has a portfolio of 80 companies. Their most notable investments are in Highperformr and Trimpixel.Their portfolio spans across India, United States and Singapore. They have invested in Enterprise Applications, High Tech, Retail and 27 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by DeVC:Developer and publisher of casual mobile games utilizing AI technology for creative speed and scalable content generation. It is a casual game developer and publisher leveraging AI technology to create engaging mobile games for a global audience. The company has a proprietary stack that enables creative speed and scalable game development, with a focus on partnerships between studios and brands.
Key facts about Felicity Games
- Founded Year: 2023
- Location: Bengaluru (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $11.8M
- Employee Count: 46 as on May 31, 2026
- Investors: LetsVenture, QED Innovation Labs and 20 Others
- Latest Funding Round: Series A, Mar 23, 2026, $*****
- Highlight: Editors' Pick
2. Kreo
Internet first brand offering audio accessories, gaming products, and other equipments. The platform offers different gaming products designed to support the gaming experience with features and customizable options. Its product catalog includes wireless gaming keyboard, wireless gaming mouse, wired gaming mouse, microphone, streaming webcam, mic, headphones, and more.
Key facts about Kreo
- Founded Year: 2022
- Location: Bengaluru (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $1.59M
- Employee Count: 22 as on Jan 31, 2025
- Investors: LetsVenture, Chona Family Office and 20 Others
- Latest Funding Round: Angel, Feb 17, 2026, $*****
3. Smallest.ai
Developer of speech-to-text, text-to-speech, and voice agent artificial intelligence models. The company provides low latency, high accuracy models to power voice and multi-modal artificial intelligence applications. The platform supports on-prem and private cloud deployments. It offers models for conversational artificial intelligence, voice cloning, and real time voice agents.
Key facts about Smallest.ai
- Founded Year: 2023
- Location: San Francisco (United States)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $21.4M
- Employee Count: 23 as on Aug 31, 2025
- Investors: LetsVenture, Tiny and 27 Others
- Latest Funding Round: Series A, Jul 30, 2026, $*****
- Highlight: Editors' Pick
4. Ambak
Home loan and loan against property comparison service provider. It facilitate the comparison of various loan options. The company offers tools for calculating loan eligibility and monthly installments. It also provide document verification and profile reviews. Agents can track earnings, receive precise payouts, and secure faster loan approvals for their customers, helping them increase income and build stronger client relationships. It partners with real estate developers, providing faster loan approvals through our extensive lender network, which boosts sales and improves customer experience. It continues to reshape the home loan landscape, enhancing the experience for agents, developers, and homebuyers alike.
Key facts about Ambak
- Founded Year: 2023
- Location: Gurugram (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $18.1M
- Employee Count: 263 as on Jun 30, 2025
- Investors: Peak XV Partners, Alluvium and 20 Others
- Latest Funding Round: Series A, Nov 24, 2025, $*****
- Highlight: Editors' Pick
Developer of reconfigurable embedded processor IP and related system solutions. The company's core technology is REDEFINE a patented, path-breaking SoC (System-on-Chip) architecture. It enables runtime reconfigurable silicon cores for massively parallel and heterogeneous many-core processors. This technology is designed to build energy-efficient, high-performance systems, and Morphing Machines licenses its semiconductor IP, systems, and solutions to global customers rather than manufacturing chips directly.
Key facts about Morphing Machines
- Founded Year: 2005
- Location: Bengaluru (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $11.8M
- Employee Count: 37 as on Apr 30, 2026
- Investors: SIDBI, IvyCap Ventures and 19 Others
- Latest Funding Round: Series A, Apr 15, 2026, $*****
- Highlight: Editors' Pick
DeVC's Year-on-Year Investment Trends
DeVC has invested in 80 companies over the last 4 years, with an average of 20 new investments annually in the last 3 years. In 2025, it made 28 investments, while as of Aug 2026, it has made 10 investments in this year. Its most recent first time investment was in Hulp and most recent follow-on round was in Pinegap.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 9 | 1 | 10 |
2025 | 19 | 9 | 28 |
2024 | 28 | 2 | 30 |
2023 | 14 | 1 | 15 |
2022 | 1 | 0 | 1 |
DeVC's Investments by Stage
DeVC has made 67 investments in Seed stage with an average round size of $1.77M and 4 investments in Series A stage with an average round size of $6.15M.Stage of entry | No. of Investments |
|---|---|
Seed | 67 |
Series A | 4 |
Note: We have considered here, only first round of investments
DeVC's Investments by Sector
DeVC has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Retail, Consumer and FinTech. Notably, it has invested in 71 Tech companies, 57 Enterprise (B2B) companies, 48 Software companies and at least 26 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 35 |
High Tech | 14 |
Retail | 12 |
Consumer | 11 |
FinTech | 10 |
Others | 83 |
Note: We have considered here, only first round of investments
DeVC's Investments by Geography
DeVC has made most investments in India (54), followed by United States where it has made 16 investments.Country | No. of Investments |
|---|---|
India | 54 |
United States | 16 |
Singapore | 3 |
Note: We have considered here, only first round of investments
DeVC's recent investments
DeVC has made 10 investments in 2026 so far. Hulp and Pinegap are the latest among them.Here are the most recent investments by DeVC:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 05, 2026 | India | Seed | 3008 | [+2] | |
Aug 05, 2026 | United States | Series A | 9826 | [+2] | |
Jul 28, 2026 | India | Seed | 8200 | [+8] | |
Jul 16, 2026 | India | Seed | 5138 | [+5] | |
Jun 16, 2026 | India | Seed | 7900 | [+2] |
Team profile of DeVC
DeVC has a team of 6 members including 3 Partners and 2 Principals located in India. DeVC's team sits on the board of 3 companies.Here is a list of all team members in DeVC:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Gurugram | The Moms Co and Auntfloh | ||
Partner | - | - | ||
Partner | Bengaluru | - | - | |
Principal | - | |||
Principal | Mumbai | - |
Co-investors of DeVC
Over the past 4 years, 889 investors have co-invested in DeVC's portfolio companies. This includes funds and angels.
- Invested before DeVC: Z47, Y Combinator and 247 others have invested in rounds before DeVC. There are 6 companies where Z47 has invested before DeVC and 4 companies where Y Combinator has invested before DeVC.
- Top Co-investors of DeVC: 497 investors entered a company along with DeVC. These include investors like Angel List (16 companies).
- Invested after DeVC: A total of 143 investors have invested in DeVC's portfolio after their investments. Top Investors include Abhishek Goyal (3 companies), Centre Court Capital. (2 companies) and Peak XV Partners (2 companies).
Recent News related to DeVC
•
Personal assistance startup Hulp secures $2.6 Mn seed fundingEntrackr•Aug 05, 2026•Hulp, Sparrow Capital, BITKRAFT Ventures, DeVC and 1 other
•
Adiabatic Technologies Secures ₹83 Million in Seed Funding for Manufacturing ExpansionMercom India•Aug 05, 2026•Avinya Ventures, Malpani Ventures, Adiabatic, UPES and 3 others
•
Mandrake Bio Secures Rs 16 Crore Pre-Seed Funding Led by Activate and AntlerEntrackr•Jul 16, 2026•Antler, DeVC, Spectrum Impact, Activate and 1 other
•
Gimi Michi Raises $1 Million Seed Round Led by IndiaQuotientViestories•Jun 16, 2026•Gimi Michi, IIMA Ventures, DeVC, Titan Capital and 5 others
•
CREST Secures $3.1 Million in Pre-Seed Funding Round Led by BEENEXTEntrackr•Jun 16, 2026•Atrium, Sparrow, 91 Ventures, Shastra and 7 others
•
Legend of Toys Secures Rs 21 Cr in Pre-Series A FundingEntrackr•May 15, 2026•Atrium, Legend of Toys, Stride Ventures, Veltis Capital and 5 others
•
Peak XV leads $2.5 Mn round in Companion LabsEntrackr•Feb 26, 2026•Peak XV Partners, Companion Labs, The Untitled Ventures, DeVC and 3 others
•
The startup building a ‘knowledge graph for code’ raises $2.2M to make AI agents actually usefulTech Funding News•Feb 23, 2026•Potpie AI, DeVC, All In Capital, PointOne Capital and 1 other
•
Autosana Secures $3.2M to Automate Mobile & Web UI Testing with Agentic AISiliconAngle•Feb 17, 2026•Autosana, DeVC, 468 Capital, Pioneer Fund and 2 others
•
Peak XV invests in five early stage AI companies at Impact AI PitchFestEntrackr•Feb 17, 2026•ZOOP, Round1, Peak XV Partners, Sunup and 8 others
