Good Capital, one of the famous venture capital firms, has recently revealed the fact and information about a new $50 million fund. This fund made by Good Capital aims to support entrepreneurs who are democratizing AI in marketing, customer service, and business operations. The company retains around $25 million greenshoe option.
Good Capital guarantees that the company is expecting the investment in terms of the fund with target checks of up to $1.5 million over the following four years. The venture capital firm has already invested its monetary funds in unicorn companies like Meesho and LEAD School. The company is motivated to invest in around 25–30 startups from various industries from the available current fund.
Arjun Malhotra, Good Capital co-general partner, said that integrating AI is now table stakes for any startup. Like any other platform, the success of tech businesses is dependent upon how they leverage AI. The list of startups leveraging AI in intelligent ways will have the right to win.
Good Capital invested in startups such as SolarSquare, which raised $13 million in Series A funding from Lowercarbon and Elevation Capital. Yet another company, OrangeHealth, received Series A funding from General Catalyst and Accel Partners, and apart from this SimSim was acquired by Google.
Rohan and Arjun Malhotra are the two founders of Good Capital. Good Capital is a micro-venture capital firm with a corpus of $25 million in 2019.