Speciale Invest has been the first institutional investors in Nuclear Fusion (Anubal Fusion), Space-tech (Agnikul Cosmos, Galaxeye Space, Inspecity), Quantum-tech (Qnu Labs), Semicon (Mindgrove Tech, Morphing Machines), advanced air mobility (ePlane Company), and in sector leaders like Fermbox Bio, Peptris AI.
However, the majority of India’s deep-tech capital formation today is concentrated at the pre-seed and seed stages, typically corresponding to Technology Readiness Levels (TRL) 1 to 4. While this early support has been instrumental in spawning innovation, the transition from validated technology (TRL 4) to commercial scale, revenue generation, and sustainable institutions requires a very different kind of capital.
To fill this gap, Speciale Invest Growth Fund II is designed to support founders through the most execution-critical phase of their journey—bridging the gap from TRL 4 to commercially sustainable businesses. Leveraging Speciale Invest’s unique early-stage pipeline, deep sectoral expertise, and long-standing relationships with academia and industry, the fund aims to partner with a concentrated set of high-conviction companies and participate meaningfully in their long-term value creation.
“India’s academic ecosystem has reached a point where the quality of research is no longer the bottleneck,” notes Arjun Rao, Founding Partner at Speciale Invest. “The real challenge now is execution—turning validated science into scalable, competitive businesses.”
