Founders-led investment firm We Founder Circle (WFC) on Monday said it invested in 103 deals across 82 startups in 2023, thus claiming to become the largest angel investor network in the country.
WFC has invested in a total of 207 deals across 162 startups within three years of operations.
In 2023, more than 15 startups secured subsequent funding rounds, and within this period, We Founder Circle (WFC) facilitated partial exits in three startups for its investors.
WFC disclosed that it is currently in advanced discussions for partial exits in five startups, involving corporate venture capitalists and acquisition offers.
Over the last three years, WFC has seen participation from more than 1,000 investors hailing from over 400 cities and 40 countries, contributing to over 200 deals with investments surpassing $30 million.
“We have built the technology-driven global investment and networking platform Invstt.com for the startup and investor ecosystem and have also supported it with two angel funds,” said Neeraj Tyagi, cofounder and CEO, We Founder Circle.
“In 2023, we could invest in over 100 startups but in the coming year, we will be investing in at least 200+ start-ups and catalyse their growth through our multiple funds,” he added.
WFC provides support to startups spanning various industries, including deep tech, Web3, fintech, healthtech, agritech, EV, D2C, and more.
“The biggest leap that we have taken is by launching our VC fund Avinya Ventures, thus building a unique stage funding investment ecosystem for early-stage investing,” said Gaurav VK Singhvi, managing partner Avinya Ventures and cofounder, WFC.
WFC’s global accelerator program, EvolveX, has actively invested in more than 25 startups this year. Some of these seed-stage startups have already demonstrated significant success, experiencing aggressive month-on-month growth and securing next-round funding at higher multiples.
“Next year, we aim to invest in even a higher number of startups across technology domains,” said Bhawna Bhatnagar, cofounder, WFC, who is leading EvolveX.
