Early stage venture capital firms Elevation Capital has announced the launch of its $500 million Fund IX with a specific focus on artificial intelligence (AI) startups in India as it believes there is a once-in-a-generation opportunity for Indian founders.
The new AI focused fund of Elevation Capital will invest at the Seed and Series A stages of funding as the firm’s goal is to partner early and have a deep partnership with these startups, a post from the firm said.
Elevation Capital had raised $670 million for its VII fund in 2022.
In August 2025, the firm had launched a $400 million fund with focus on late stage investment.
Now, this VC firm strongly believes that despite much of the focus on AI investments is in the United States, there is much to offer from India.
