DeVC

DeVC is a decentralized venture capital firm that backs relentlessly resourceful early-stage founders with capital, wisdom, and networks to accelerate growth. Operating as a collective of experienced founders, operators, and early investors, the firm provides strategic early-stage investments ranging from $50K to $500K, focusing on pre-seed and seed opportunities across sectors including AI, Consumer, DevTools & Infra, Fintech, Hardware & Deeptech, Gaming, Web3, and Industrial & Manufacturing. DeVC emphasizes quick decision-making and hands-on support from company builders, distinguishing itself by studying ground realities rather than chasing themes.

Founded in 2022 and based in Bengaluru, India, DeVC emerged from a collective of over 50 members, including prominent founders like Shashank Kumar of Razorpay, Asish Mohpatra of OfBusiness, Jitendra Gupta of Jupiter Bank, and Ramakant of LivSpace. The firm manages the Matrix Partners India DeVC I AIF, registered with SEBI, and has rapidly scaled to over 100 investments totaling more than $500 million deployed. Its decentralized model leverages the collective's expertise to support entrepreneurs from idea to early scaling stages.

DeVC's portfolio features over 125 companies, with notable investments in Kintsugi, Confido Health, BiteSpeed, Felicity Games, Uravu Labs, Fabriclore, Navo, Kreo, CodeAnt AI, Inspecity, and Cleevo. Recent deals include seed rounds in AI code reviewer tools, enterprise AI platforms for healthcare and sales tax automation, fintech home loan platforms, consumer QSR brands, indie gaming studios, and spacetech ventures, spanning India & Asia and the US. The firm has co-invested alongside top players like a16z, Y Combinator, 3one4 Capital, and Blume Ventures.

The core team brings decades of experience: Aakash Kumar (Deeptech, AI & Fintech) scaled Hotstar to 40 million subscribers and has angel invested in over 100 startups; Rahul Mathur (Fintech, AI, DeepTech, Consumer) founded YC-backed Verak Insurance, acquired by InsuranceDekho; Rajat Agarwal (Fintech & Consumer) advised at McKinsey and holds degrees from IIT Delhi. Additional leaders include Mohit Sadaani and Divyanshi Chowdhary, all based in Bengaluru, supported by a global network and offices in Gurgaon, San Francisco.