Theia Ventures Raises 30M USD to Fund Climate-Tech Startups

Theia Ventures is an Indian venture capital firm that has been able to raise $30 million to launch the first fund, which should fund early-stage startups addressing climate change. This achievement shows the increasing enthusiasm of sustainable technology in India and Theia as one of the leading sponsors of green technology in Asia.

Founded in 2023 by Ankit Agarwal, a seasoned investor with experience at Blume Ventures, Theia Ventures is focused on backing startups that address pressing environmental challenges. Agarwal, who has previously supported successful companies like GreyOrange and Josh Talks, sees huge potential in climate-focused businesses. "Climate change isn't just an environmental crisis; it's an economic opportunity disguised as one," Agarwal said. "Our fund is designed to empower founders solving real-world problems in energy, agritech, and mobility with scalable, tech-driven solutions."

Key Highlights:

Theia Ventures Raises $30 Million to Invest in Climate Tech Startups Across India
Indian VC Firm Theia Ventures Launches $30M Fund to Support Green Innovation
Theia Ventures Targets Sustainable Future with $30M Climate-Focused Investment Fund

The $30 million fund that is projected to hit 50 million in total will be investing in early stage start ups with an average investment of 500,000 to 2 million dollars. Theia will serve 20-25 businesses within the next three years with priorities in such areas as clean energy, sustainable agriculture, and environmentally friendly material. The company has already funded three startups, one of them being in Bengaluru that works with AI to enhance water management, and another in Mumbai, which is developing biodegradable plastics.

The fund was backed by affluent individuals, family offices, and sustainability-oriented organizations that demonstrated a high level of confidence in the Indian startup ecosystem. In India, a report by KPMG showed that investment in climate technology increased by 45 percent in 2024 to 1.2 billion, although startups in the early stages continue to require investment. Theia Ventures is working to bridge this gap by providing more than merely finances, including mentorship, assistance with regulations and access to networks around the world.

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Looking forward, Agarwal plans to expand Theia’s reach into Southeast Asia by 2026, taking advantage of India’s ties to hubs like Singapore and Jakarta. "We're building a portfolio that's resilient and regenerative," he added. "Theia isn't just investing in companies; we're investing in a cooler planet." With big players like Sequoia and Accel also investing in sustainability, Theia’s efforts show that green innovation is becoming a top priority. For entrepreneurs working on climate solutions, Theia Ventures is a promising partner.