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Season Two Ventures out with five fresh deals


BENGALURU: Season Two Ventures, founded by former UST Global’s CEO Sajan Pillai, has made five fresh investments in the country, at a time when most investors have slowed down deal activity hurt by the Covid-19 pandemic.

The B2B-focused $100 million earlystage fund has backed digital payments startup Uvik Technologies, air quality intelligence startup Ambee, data privacy company Ozone.ai, and two healthcare businesses Svast and HiLabs.

“Post Covid-19, every aspect of how consumers interact with products and services, including consumption and access is going to change…for instance, students were earlier going to school, now it’s coming home. This change is across sectors,” Pillai told ET.

“Our bets are all relevant companies capturing large markets in a post-Covid-19 world,” he added.

Anchored by Pillai, Season Two scouts for startups in the enterprise healthcare, fintech, logistics, energy, and utility space. The fund typically cuts a first cheque size of between $500,000 and $1 million, with a $2-3 million quick follow-on. Its edge lies in its founding team, which includes global advisors like David Levy, the CEO at EHE Health; Rollin Ford, the former CAO at Walmart among others, and working closely with teams to establish a go-to-market product leveraging its network, and experience.

This is particularly useful for most B2B startup founders who come with strong product experience but limited understanding of problem statements and monetization roadmap with large enterprises, as well as connections.





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