Peak XV ups Surge seed investment ceiling to $5M, unveils 18-startup cohort
TechCrunch Jagmeet Singh
Peak XV Partners increased Surge’s per-startup seed investment ceiling and launched Surge 12, a cohort of 18 companies. The new ceiling is up to $5 million per company, raised from $3 million previously. As a result, Peak XV is investing more money per startup and its seed cohort includes more capital-intensive deeptech and AI-focused companies spanning multiple global markets.
Why it matters
Thirteen of the 18 startups in Peak XV’s latest Surge cohort are targeting global markets, while more than half are based in India.
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