About Theia Ventures
Theia Ventures is a venture capital firm founded in 2021. It is primarily based out of Bengaluru, India. As of Aug 2026, Theia Ventures is an active investor, having invested in 19 companies, with 6 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 Environment Tech to High Tech and Enterprise Applications. Most recently it participated in the $***** Seed round of Akron A lot of funds co-invest with Theia Ventures, with names like Valiant Investment & Traders sharing a substantial percentage of its portfolio. Theia Ventures has team of 15 people including 2 partners.Key Metrics
Team Members
Portfolio Sectors
Rounds of Entry
Seed & Series A
Portfolio Soonicorns
Theia Ventures' List of Top Investments
Theia Ventures has a portfolio of 19 companies. Their most notable investments are in Novyte and Earthsync.Their portfolio spans across India and Germany. They have invested in Environment Tech, High Tech, Enterprise Applications and 11 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Theia Ventures:
1. Varaha
Climate tech company that enables smallholder farmers to generate carbon removal credits. It develops and manages carbon removal initiatives including enhanced rock weathering, regenerative agriculture, biochar production, and afforestation across South Asia. Using proprietary measurement, reporting, and verification (MRV) technology, it quantifies carbon removal outcomes and generates high-quality carbon credits that are sold to corporations seeking to meet decarbonization and sustainability goals. It helps farmers increase productivity and income while delivering scalable carbon dioxide removal solutions to global buyers such as Microsoft, Google, Swiss Re, and Lufthansa.
Key facts about Varaha
- Founded Year: 2022
- Location: Gurugram (India)
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $57.8M
- Employee Count: 201 as on May 31, 2026
- Investors: WestBridge Capital, Orios Venture Partners and 27 Others
- Latest Funding Round: Series B, Aug 14, 2026, $*****
- Highlight: Editors' Pick
2. altM
Deep-tech biorefinery company converting agricultural waste into sustainable biomaterials. It is an an alternate materials company offering research, development and manufacturing of bio-chemicals and biomaterials to help industry manage carbon footprint across their value chain. It helps to deconstruct bio-residues to create substitutes for the incumbent unsustainable materials across our partner industries in CPG/FMCG, pharma, textiles, industrial chemicals, and energy.
Key facts about altM
- Founded Year: 2022
- Location: Bengaluru (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $3.5M
- Employee Count: 19 as on Aug 31, 2025
- Investors: Omnivore, Apex Group and 32 Others
- Latest Funding Round: Seed, Aug 31, 2023, $*****
- Highlight: Editors' Pick
3. Midas
An asset tokenization platform bringing exposure to institutional-grade assets on-chain. It is an asset tokenization protocol that issues tokenized real-world assets as permissionless ERC-20 tokens. Its flagship product is mTBILL, an ERC-20 token 1:1 tracking short-dated U.S. Treasury Bills (T-Bills).
Key facts about Midas
- Founded Year: 2020
- Location: Berlin (Germany)
- Stage: Series A
- Total Funding till date: $58.8M
- Employee Count: 86 as on Aug 31, 2026
- Investors: HV Capital, RRE Ventures and 20 Others
- Latest Funding Round: Series A, Mar 30, 2026, $*****
- Highlight: Editors' Pick
Provider of rapid-charging battery, charger, and connector technology for EVs. The company offers a full energy stack comprising a proprietary battery pack, charging station, and high-current connector engineered to work together for ultra-fast charging. Its technology enables lithium iron phosphate battery packs to charge from empty to full in around a quarter of an hour while maintaining long cycle life, using water-based thermal management and advanced cell control.
Key facts about Exponent Energy
- Founded Year: 2020
- Location: Bengaluru (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $77M
- Employee Count: 215 as on Aug 31, 2025
- Investors: 360 One, Lightspeed and 54 Others
- Latest Funding Round: Series B, Feb 19, 2026, $*****
- Highlight: Editors' Pick
5. Canvaloop
Online platform offering sustainable fabrics and materials from agricultural waste. The platform provides users with a sustainable fabrics manufacturer that uses agricultural waste to create fibers and yarns for the textile industry.
Key facts about Canvaloop
- Founded Year: 2020
- Location: Surat (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $2.18M
- Employee Count: 8 as on Aug 31, 2026
- Investors: Gujarat Venture Finance, MassChallenge and 15 Others
- Latest Funding Round: Series A, Feb 07, 2026, $*****
Theia Ventures' Year-on-Year Investment Trends
Theia Ventures has invested in 19 companies over the last 5 years, with an average of 3 new investments annually in the last 5 years. In 2025, it made 5 investments, while as of Aug 2026, it has made 3 investments in this year. Its most recent first time investment was in Akron and most recent follow-on round was in Sarla Aviation.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 3 | 0 | 3 |
2025 | 4 | 1 | 5 |
2024 | 3 | 0 | 3 |
2023 | 2 | 1 | 3 |
2022 | 2 | 0 | 2 |
2021 | 1 | 0 | 1 |
Theia Ventures' Investments by Stage
Theia Ventures has made 14 investments in Seed stage with an average round size of $2.42M and 1 investment in Series A stage with an average round size of $3.93M.Stage of entry | No. of Investments |
|---|---|
Seed | 14 |
Series A | 1 |
Note: We have considered here, only first round of investments
Theia Ventures' Investments by Sector
Theia Ventures has a diverse portfolio, with companies operating in the Environment Tech, Sustainability Tech, High Tech, Enterprise Applications and Chemicals and Materials Tech. Notably, it has invested in 18 Tech companies, 17 Enterprise (B2B) companies, 8 Software companies and at least 5 companies focusing on Tech hardware.Sector | No. of Investments |
|---|---|
Environment Tech | 11 |
Sustainability Tech | 11 |
High Tech | 6 |
Enterprise Applications | 5 |
Chemicals and Materials Tech | 4 |
Others | 14 |
Note: We have considered here, only first round of investments
Theia Ventures' Investments by Geography
Theia Ventures has made most investments in India (14), followed by Germany where it has made 1 investment.Country | No. of Investments |
|---|---|
India | 14 |
Germany | 1 |
Note: We have considered here, only first round of investments
Theia Ventures' recent investments
Theia Ventures has made 3 investments in 2026 so far. Akron and VoltSeal are the latest among them.Here are the most recent investments by Theia Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 25, 2026 | India | Seed | 1330 | - | |
Jun 02, 2026 | India | Seed | 2614 | [+5] | |
Jan 21, 2026 | India | Seed | 2334 | ||
Dec 17, 2025 | India | Seed | 4012 | ||
Dec 17, 2025 | India | Seed | 6496 | [+1] |
Team profile of Theia Ventures
Theia Ventures has a team of 15 members including 2 Partners and 2 Principals. Theia Ventures' team does not sit on the board of any company as of now.Here is a list of top team members in Theia Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | - | - | ||
Partner | - | - | ||
Principal | - | - | ||
Principal | - | - |
Co-investors of Theia Ventures
Over the past 5 years, 189 investors have co-invested in Theia Ventures's portfolio companies. This includes funds and angels.
- Invested before Theia Ventures: Akshay Singhal, Karthik Hajela and 15 others have invested in rounds before Theia Ventures. There is 1 company where Akshay Singhal has invested before Theia Ventures and 1 company where Karthik Hajela has invested before Theia Ventures.
- Top Co-investors of Theia Ventures: 112 investors entered a company along with Theia Ventures. These include investors like Valiant Investment & Traders (3 companies).
- Invested after Theia Ventures: A total of 60 investors have invested in Theia Ventures's portfolio after their investments. Top Investors include The Norinchukin Bank (1 company), AgFunder (1 company) and Octave Well-Being Economy Fund (1 company).
Recent News related to Theia Ventures
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Energy Storage Startup VoltSeal Raises $1.5 Million in Pre-Seed RoundMercom India•Jun 04, 2026•VoltSeal, Theia Ventures, Social Alpha, Momentum Capital and 3 others
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altM: Scaling bio-based materials from agri-residueYourStory•May 26, 2026•altM, Omnivore, Thai Wah Ventures, Theia Ventures
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Climate-focused VC firm Theia Ventures adds more LPs for maiden fundVCCircle•Mar 26, 2026•Theia Ventures
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EarthSync raised USD 1 Million in Pre-Seed funding led by Theia VenturesEnablers•Jan 29, 2026•Earthsync, Theia Ventures, Eximius Ventures, Earthsync and 1 other
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Theia Ventures Leads Pre-Seed Round in Novyte Materials to Accelerate Collaborative Materials DiscoveryThe Tribune•Dec 17, 2025•Theia Ventures, Novyte Materials
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Mitsui O.S.K. Lines arm invests in Theia Ventures Fund 1NewsDrum•Dec 12, 2025•Theia Ventures, Mitsui OSK Lines, MOL PLUS
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Theia Ventures Leads Pre-Seed Round in Lemnisca for AI-Driven BiomanufacturingNCNOnline•Nov 27, 2025•Theia Ventures, Lemnisca, Substack, PointOne Capital
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Turtle Raises $5.5 Million to Build Web3’s Largest Liquidity Distribution NetworkVentureburn•Oct 20, 2025•Gami Capital, Theia Tech, Varys Capital, Bitscale Capital and 19 others
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Sarla Aviation Raises Pre-Seed Investment from Campus FundLokmat•May 13, 2024•Sarla Aviation, Campus Fund, Theia Ventures
