Sugar Free Capital is a Boston-based venture capital firm founded by Sheena Jindal, an MIT alum and former investor at Bessemer Venture Partners and Comcast Ventures. The firm was created to back technical founders from the Massachusetts Institute of Technology who are building at the forefront of AI and deep tech. Jindal positions Sugar Free around the “age of intelligence,” emphasizing founders with strong systems engineering mindsets and a clear path to shaping future infrastructure and business models.
The fund prioritizes AI-native companies and deep tech ventures with particular emphasis on:
It seeks founders with deep technical expertise, especially those emerging from MIT’s innovation ecosystem, and approaches investing through rotating quarterly themes.
In 2025, Sugar Free Capital launched its $32 million inaugural fund, backed by family offices of senior executives at NVIDIA and Citadel, among other limited partners.
The fund is designed to invest in 15 startups, deploying $1–5 million checks at the early stage. The strategy reflects Jindal’s conviction that tightly defined theses and privileged talent pipelines can outperform in the current venture landscape.
Leadership
Sugar Free Capital is led by Sheena Jindal, Founding Partner and General Partner. Jindal is one of the few solo female GPs in venture capital. She brings prior experience from Bessemer Venture Partners and Comcast Ventures, alongside her strong network within the MIT community, to shape Sugar Free’s founder-first approach.
Investment Strategy
The firm plans to make four to five investments annually, backing early-stage startups with significant technical depth. Sugar Free aims to combine concentrated capital commitments ($1–5 million per investment) with thematic flexibility, rotating its quarterly areas of focus to remain aligned with emerging opportunities in AI and deep tech.
Notable Investments
Sugar Free Capital has already made four early investments across defense, gaming, and workflow automation, consistent with its emphasis on AI-native infrastructure and frontier applications.
Specific portfolio companies have not yet been publicly disclosed.
Notable Exits
As a new firm, Sugar Free Capital has not yet reported exits.
Other
The fund’s LP base includes family offices tied to senior executives at NVIDIA and Citadel, offering both credibility and potential strategic advantages to portfolio companies. The firm leverages MIT’s deep talent pool as its primary sourcing engine, setting it apart as a specialized investor in AI and deep tech.
Sheena Jindal - Founder & Managing Partner
