About Theia Ventures
Theia Ventures is a venture capital firm founded in 2021. It is primarily based out of Bengaluru, India. As of Jan 2026, Theia Ventures is an active investor, having invested in 15 companies, with 4 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 Energy Tech. Most recently it participated in the $***** Seed round of Earthsync 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 16 people including 2 partners.Key Metrics
Team Members
Portfolio Sectors
Rounds of Entry
Seed & Series A
Deals in last 12 months
Theia Ventures' List of Top Investments
Theia Ventures has a portfolio of 15 companies. Their most notable investments are in Earthsync and Canvaloop.Their portfolio spans across India, Germany and United States. They have invested in Environment Tech, High Tech, Energy Tech and 11 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Theia Ventures:
1. Varaha
Provider of saas based carbon removal and sustainable agriculture solutions. It leverages regenerative agriculture,agroforestry and biochar projects to generate high quality carbon credits and improve soil health. Its technology driven platform empowers farmers to reduce emissions,boost productivity and earn additional income through climate smart practices.
Key facts about Varaha
- Founded Year: 2022
- Location: Gurugram (India)
- Annual Revenue: ₹51.7Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $34.9M
- Employee Count: 108 as on Aug 31, 2025
- Investors: MMPL Trust, Konark Trust and 24 Others
- Latest Funding Round: Series B, Feb 25, 2026, $*****
2. 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
3. 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: ₹2.12Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $3.5M
- Employee Count: 19 as on Aug 31, 2025
- Investors: Apex Group, Omnivore and 32 Others
- Latest Funding Round: Seed, Aug 31, 2023, $*****
- 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: ₹44.1Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $61.9M
- Employee Count: 215 as on Aug 31, 2025
- Investors: Lightspeed, Lightspeed Venture Partners and 43 Others
- Latest Funding Round: Series C, Feb 04, 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: ₹11Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $2.01M
- Employee Count: 8 as on Apr 30, 2026
- Investors: Gujarat Venture Finance, MassChallenge and 11 Others
- Latest Funding Round: Series A, Mar 17, 2026, $*****
Theia Ventures' Year-on-Year Investment Trends
Theia Ventures has invested in 15 companies over the last 5 years, with an average of 2 new investments annually in the last 5 years. In 2025, it made 4 investments, while as of Jan 2026, it has made 1 investment in this year. Its most recent first time investment was in Earthsync and most recent follow-on round was in Sarla Aviation.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 3 | 1 | 4 |
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 11 investments in Seed stage with an average round size of $2.58M and 1 investment in Series A stage with an average round size of $3.93M.Stage of entry | No. of Investments |
|---|---|
Seed | 11 |
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 Sustainability Tech, Environment Tech, High Tech, Enterprise Applications and Chemicals and Materials Tech. Notably, it has invested in 15 Tech companies, 14 Enterprise (B2B) companies, 7 Software companies and at least 4 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Sustainability Tech | 9 |
Environment Tech | 8 |
High Tech | 5 |
Enterprise Applications | 4 |
Chemicals and Materials Tech | 3 |
Others | 13 |
Note: We have considered here, only first round of investments
Theia Ventures' Investments by Geography
Theia Ventures has made most investments in India (11), followed by Germany where it has made 1 investment.Country | No. of Investments |
|---|---|
India | 11 |
Germany | 1 |
United States | 1 |
Note: We have considered here, only first round of investments
Theia Ventures' recent investments
Theia Ventures has made 1 investments in 2026 so far - Earthsync.Here are the most recent investments by Theia Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jan 29, 2026 | India | Seed | 6075 | ||
Dec 17, 2025 | India | Seed | 7486 | [+1] | |
Nov 21, 2025 | India | Seed | 9916 | [+2] | |
Jun 2025 | India | Seed | 3940 | - | |
Jan 14, 2025 | India | Series A | 8935 | [+18] |
Team profile of Theia Ventures
Theia Ventures has a team of 16 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, 170 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: 102 investors entered a company along with Theia Ventures. These include investors like Valiant Investment & Traders (3 companies).
- Invested after Theia Ventures: A total of 51 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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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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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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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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Biomaterials Startup altM's Sustainable Vision Wins Over Investors with $3.5M Seed FundingThe Startup Lab•Sep 07, 2023•altM, Thai Wah Ventures, Omnivore, Theia Ventures
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Deep-tech recycling startup Metastable Materials raises seed funding by Sequoia Capital IndiaCyberMedia India Online•Apr 03, 2023•Metastable Materials, Surge, Sequoia Capital, Speciale Invest and 3 others
