Seed fund research profile
Leo Capital is a cross-continental early-stage investor backing technology companies from India and other innovation hubs. Its public positioning is strongest around software and B2B businesses that can scale across markets, with the manager operating across Asia, the US and Europe.
At a glance
Research profile
Open a section to inspect the evidence. The first view starts with the investment point of view; the rest stays quiet until you need it.
Investment lens
Leo Capital uses a seed approach across SaaS, B2B.
Current evidence
Leo Capital’s current portfolio reports 76 companies across 13 countries, with India-linked positions including Arch0, BeatO, Bombay Play, Devtron and Sprih. Its Q2 2025 portfolio update highlighted Sprih’s climate-AI expansion and the manager continues to publish current company-level pages.
Strategy
Seed
Sector focus
SaaS, B2B
AIF structure context
Indian venture capital and angel-fund strategies are commonly structured as Category I AIFs. Verify the specific vehicle and registration before investing.
Current signal
Leo Capital’s current portfolio reports 76 companies across 13 countries, with India-linked positions including Arch0, BeatO, Bombay Play, Devtron and Sprih. Its Q2 2025 portfolio update highlighted Sprih’s climate-AI expansion and the manager continues to publish current company-level pages.
Investor questions
Leo Capital is covered in Rupeia's venture capital research universe. The current public record describes the strategy as Seed, with a sector focus of SaaS, B2B. The profile should be read with the linked source trail and Typical route: Category I AIF context.
The profile displays only company or asset names attributable to Leo Capital in the reviewed public sources: Arch0, BeatO, Bombay Play, Devtron, Sprih, TestMu AI, SHEROES, Vahak, Workspot. It does not represent a complete current portfolio unless the manager has published one.
The manager’s public portfolio identifies early-stage technology companies but does not publish a consolidated return or exit table. The profile therefore focuses on strategy, geography and named company evidence rather than implying performance. These signals are not a substitute for fund- and vintage-specific net performance, realised distributions and audited or administrator-supported reporting.
Public fund size: Fund III has been reported at approximately $100M; final close and vehicle terms are not consistently published by the manager.. Public terms or access information: Seed-stage investing in SaaS and B2B technology, with a cross-border mandate. Current cheque size, ownership target and reserve policy are not consistently disclosed.. Current fees, minimum commitment and availability must be confirmed for the exact named vehicle in its fund documents.
The current source record names Rajul Garg, Shwetank Verma. Verify current roles, departures, attribution and key-person provisions before relying on the team history for a new commitment.
Review stage concentration, follow-on reserves, company failure rates, dilution, exit timing and the gap between paper valuations and realised distributions. The current open diligence point is: Current Fund III corpus, cheque terms, ownership targets and fund-level return metrics are not publicly disclosed..
2025-06: Leo Capital’s current portfolio reports 76 companies across 13 countries, with India-linked positions including Arch0, BeatO, Bombay Play, Devtron and Sprih. Its Q2 2025 portfolio update highlighted Sprih’s climate-AI expansion and the manager continues to publish current company-level pages.
Next step
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