March 10, 2018 | Bangalore – LetsVenture, India’s premier platform for startup investments announced the launch of an exclusive partnership with Silicon Valley-based Pioneer Fund – a unique venture capital fund created by Y Combinator alumni Jared Heyman and Jason Gray, with support from 170 fellow YC alumni founders.
Y Combinator (YC) is the world’s top technology startup accelerator, known for launching 60+ companies valued greater than $100M and at least 10 “unicorns” with valuations exceeding $1B each. Some of the most well-known YC companies include Airbnb, Dropbox, Stripe, Instacart, Cruise Automation, Coinbase, Reddit, and Quora.
“YC startups are among the world’s most sought-after companies, with allocations in their funding rounds being notoriously competitive. With this unique partnership between LetsVenture and Pioneer, we are providing Indian investors with the ability to invest in the Top 10% of YC startups (which are themselves 2% of all the applicants who compete to get accepted into YC). At LetsVenture, we have constantly sourced exclusive allocations in the most competitive deals for our Premium Members and LV Titans Family Office Members. The partnership with Pioneer is yet another endeavor to ensure our investors have access to the top global startups.” said Shanti Mohan, Founder, and CEO of LetsVenture.
Pioneer Fund has created a proprietary platform which enables collaboration between 170 YC alumni founders to identify, diligence, and support the top 10% of companies of each YC batch. These YC alumni are themselves all entrepreneurs with deep expertise across sectors and technologies. The alumni founders also serve as mentors to each new batch and hence are well-positioned to curate the companies which are most likely to achieve break-out growth.
“Pioneer Fund is excited to partner with LetsVenture” said Jared Heyman, co-founder and General Partner at Pioneer Fund, “to broaden our reach and bring our unique Y Combinator connections to Indian investors. LetsVenture has relationships at the highest level of India’s business and government communities, which we can leverage to help our portfolio companies grow in that exciting region.”
“Over the last four years, Indian investors have discovered the most competitive investment opportunities across the country through LetsVenture. With this partnership they will now access the most competitive deals in Silicon Valley – the most mature startup eco-system in the world.” added Shanti.
LetsVenture is India’s premier platform for investments in vetted startups. 750+ angel investors and micro-VCs from India, Singapore, UAE, US, and Japan have invested into 142 companies curated on their Angel Investment platform. LetsVenture recently launched LV Titans – a private platform dedicated to enabling Family Offices to access exclusive allocations in growth stage startups and differentiated global VC Funds
LetsVenture is backed by marquee investors like Accel, Nandan Nilekani, Rishad Premji, Ratan Tata, Mohandas Pai, Dr. Aseem Chauhan, Karan Singh Thakral, Neeraj Arora (Whatsapp) among others.
About Pioneer Fund
Pioneer Fund pools capital and expertise from 170+ Y Combinator alumni to invest in the top 10% of YC startups. The fund is building a diversified portfolio of top YC startups across several verticals, by leveraging the unique access, knowledge, and connections of its YC alumni investors and advisors. Pioneer Fund is backed by billion-dollar family offices, high net worth individuals, and small institutional investors.
Any sale of securities in the partnership Pioneer Fund referred to herein will be sold exclusively outside the United States to non-U.S. persons in reliance on Regulation S under the Securities Act of 1933 (the “Securities Act”). The securities have not been registered under the Securities Act or applicable state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. Neither LetsVenture Online Pte. Ltd. (“LetsVenture”) nor its affiliates are stock exchanges recognized by the Securities Exchange Board of India (SEBI) under the Securities Contract (Regulation) Act, 1956. The securities offered by any company registered on the online platform developed by LetsVenture, available at letsventure.com or through ‘LV Titans’ (“Platform”) are not traded on any stock exchange recognized by SEBI. LetsVenture does not facilitate any secondary market trading of securities in any manner on the Platform. This press release is neither an offer to sell nor a solicitation of an offer to buy any securities, and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of, any securities in any jurisdiction in which such offer, solicitation or sale is unlawful.