Speciale Invest closes Rs 600 Cr fund III to back early-stage deeptech startups

Chennai-based venture capital firm Speciale Invest has closed its Fund III at Rs 600 crore, exceeding its Rs 500 crore target. The fund will invest in sovereign technology and globally scalable intellectual property from India.

Speciale plans to back 18–20 early-stage deeptech startups in areas such as AI infrastructure, spacetech, climatetech, quantum systems, advanced manufacturing, and dual-use defence. 

Initial investments…