We Founder Circle, an early-stage investment platform, recently raised $10 million for its GIFT City Fund, attracting 250+ investors. The WFC Global Angels Fund, associated with this initiative, targets investments ranging from $50,000 to $1.5 million per funding round.  

The GIFT City Fund aims to raise a total corpus of $30 million, with an optional green shoe provision of an additional $30 million. 

The statement added the fund has so far invested in six start-ups across various sectors, including Artificial Intelligence, Space Technology Software, Gamification, Healthcare, and others.  

WFC Global Angels Fund is designed to navigate and overcome regulatory barriers, presenting a revolutionary way for investors to participate in the global startup ecosystem. It leverages innovative financial structures and compliance strategies to facilitate fast and convenient cross-border investments, it added.   

GIFT City Fund plans to finalise over 10 deals by the fiscal year-end. Despite IFSCA not imposing a minimum investment limit and capping it at $1.5 million per funding round, the Fund has strategically established a minimum deal size of $50,000 for operational and financial sustainability, the statement read.   

Gaurav VK Singhvi, co-founder of We Founder Circle said,” We aim to complete onboarding of at least 300+ investors with a signed contribution of $15 Million+ by March 2024. In a relatively short span, we have forged partnerships with leading incubators, accelerators, and other startup funds. This network has not only strengthened our position in the market but has also significantly enhanced our deal flow across diverse sectors, including Healthcare, Artificial Intelligence, SaaS platforms, space technology, and more.”