Latest fund size
$9.7M
Announced
August 31, 2026
Global HQ
India
Members only
Check size
$500K – $1.5M
Members only
Stage focus
Pre-seed
Members only
Regions of investment
India
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Industrial47 is a Bengaluru-based pre-seed venture fund founded by Rahul Seth, backing early Indian founders building in space, defense, energy, and other deep-tech categories central to the country's industrial buildout. Seth founded the firm in 2024 after serving as a Director at Antler VC's India office and as an officer in the Indian Army Reserves.
Members only
Names, roles, emails and LinkedIn profiles for the team, plus the fund's website.
Industrial47 invests at the pre-seed stage in Indian founders building in space systems, defense, energy, maritime intelligence, and advanced manufacturing, with an emphasis on national security and strategic infrastructure.
The firm's thesis centers on being first institutional capital into frontier, hardware-intensive technology before it is recognized as a distinct venture category.
The fund backs roughly 15-20 companies per portfolio.
Members only
What the fund looks for in founders and which sectors it backs.
Industrial47 announced the first close of its debut fund at approximately $9.7 million on August 28, 2026. The fund is targeting a total of $23 million.
The first close was backed by family offices and industrial groups including Bhukhanvala Holdings and Chemet India, along with individual investors Vivek Mathur, former Managing Director at Elevation Capital, and Boris Wertz of Version One Ventures, as well as founders of Swiggy and Urban Company.
Members only
Fund size, LPs and track record.
Leadership
Investment Strategy
Industrial47 writes cheques of $500,000 to $1.5 million per company at pre-seed, positioning itself as the first institutional investor into frontier-technology categories before they are widely recognized.
The firm holds reserve capital to follow its winners into later rounds.
Notable Investments
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Leadership, investment strategy, notable investments and exits.
