Investors Backing Early Revenue Startups
64 investors on our list back Early Revenue startups, 14% of the 447 we list. Early revenue means customers are paying, even if the business is small and the model is still being tuned. They are 63 VC firms, 6 micro VCs and 7 angel networks; 35 are based in India.
64 investors, page 1 of 2
Polsky Center for Entrepreneurship and Innovation
Chicago, Illinois, United States
The University of Chicago's entrepreneurship hub. Its accelerators, incubator and pre-seed fund are mostly for UChica...
Forum Ventures
New York, United States
Pre-seed venture firm for B2B software founders: a 16-week accelerator that invests for equity, a pre-seed fund, an A...
EarthON Foundation
New York, New York, United States
Registered 501(c)(3) nonprofit that combines philanthropic, debt and equity capital to back climate-focused grassroot...
888VC
Bengaluru, Karnataka, India
Bengaluru venture firm that runs the GRO8 accelerator, a 12-week programme for early startups with global plans, and...
Prime Venture Partners
Bengaluru, Karnataka, India
An early-stage venture capital fund in Bengaluru, sector agnostic, that aims to be the first institutional cheque. Re...
Next Bharat Ventures IFSC Private Limited
Gandhinagar, Gujarat, India
Impact investor at GIFT City backing revenue-generating rural and informal-economy ventures, through a three-month Be...
a16z
Menlo Park, California, United States
Venture capital firm founded in 2009 that also runs speedrun, a twelve-week in-person accelerator in San Francisco op...
EWOR
Berlin, Germany
Berlin-based founder fellowship that invests in a small number of startups worldwide, with one track for founders who...
Prosus
Amsterdam, Netherlands
Global consumer internet investment group and Naspers subsidiary based in Amsterdam, with major India investments in...
500 Global
Palo Alto, California, United States
500 Global (formerly 500 Startups) is a venture firm that also runs accelerators. Its flagship four-month programme i...
Peak XV Partners
Bengaluru, Karnataka, India
Venture capital firm, formerly Sequoia Capital India, backing founders from seed to growth — its Surge seed platform...
Capgemini
Mumbai, Maharashtra, India
Global group whose corporate venture arm makes minority investments in B2B startups, plus a past CSR-focused innovati...
Amazon India
Bengaluru, Karnataka, India
Amazon India's routes for startups: the Smbhav Venture Fund for early-stage companies, the Propel accelerator for D2C...
Avaana Capital
Mumbai, Maharashtra, India
Mumbai and Bengaluru investment firm for deep tech and climate ventures. Co-runs the Startup India Grand Challenge wi...
TiE Pune
Pune, Maharashtra, India
Pune chapter of TiE (The Indus Entrepreneurs): an equity-free accelerator called Nurture, an angel group, a women's p...
UNICEF Venture Fund
Stockholm, New York, United States
UNICEF's Venture Fund makes equity-free investments in open-source frontier-tech startups building solutions for chil...
SAMRIDH Impact Solutions Pvt. Ltd.
New Delhi, Delhi, India
Grant and debt financing for healthcare enterprises in India, run by SAMRIDH Impact Solutions, a subsidiary of IPE Gl...
Indian Angel Network (IAN)
New Delhi, Delhi, India
Indian Angel Network (IAN Group), an angel network and group of SEBI-registered venture funds that has backed early-s...
NABARD
Mumbai, Maharashtra, India
India's government-owned rural development bank — mostly a wholesaler, with one equity route (AgriSURE) a startup can...
Pegasus Tech Ventures
San Jose, California, United States
Silicon Valley venture capital firm that organises the Startup World Cup, a global pitch competition whose finale win...
UPES
Dehradun, Uttarakhand, India
Runway Incubator, run by UPES in Dehradun, offers equity-free grants, mentoring and AI-focused angel investment to In...
Plug and Play Tech Center
Sunnyvale, California, United States
Global open-innovation platform founded in Silicon Valley in 2006, matching startups with corporate partners. Its Ind...
NextUnicorn.Fund
Bengaluru, Karnataka, India
A VC fund running a twice-yearly equity accelerator, a pre-incubation track, a standalone mentorship programme, and a...
100Unicorns
Mumbai, Maharashtra, India
Mumbai accelerator and venture capital fund, formerly 9Unicorns, backing startups from idea to seed stage, with appli...
Accelerace
Denmark
A Copenhagen-based pre-seed investor and startup accelerator; its programmes are open to the Nordics, Baltics and Ita...
Brickyard
Chattanooga, Tennessee, United States
Chattanooga venture fund that invests in new teams on a rolling basis. It is not an accelerator and runs no cohorts o...
Brinc
Hong Kong
Brinc runs accelerator programmes for founders in Hong Kong, the UAE, Saudi Arabia and India, and offers venture-buil...
HearstLab
United States
A strategic corporate venture fund backed by Hearst that invests in early-stage, women-led technology startups.
Indico Capital Partners
Portugal
Lisbon venture capital firm that invests in tech and ocean startups from Portugal, Spain and Italy as they grow abroad.
innoWerft
United States
Early-stage investor and startup accelerator in Walldorf, Germany, for B2B and industry-tech startups.
Iterative
Singapore
A venture firm backing Southeast Asian startups through a 12-week accelerator that runs twice a year, investing on a...
MARL Accelerator
United States
12-week online accelerator for DeepTech founders building products for enterprise customers. Pre-seed investment for...
mHUB Ventures
United States
A venture fund and hardtech accelerator in Chicago that invests in early-stage physical product startups.
MiraclePlus
Beijing, China
A Beijing-based early-stage accelerator that invests in founders for equity and runs a three-month batch programme tw...
NCA
Germany
NCA VC, a Hamburg accelerator, invested in B2B startups from 2017 to 2025 and is not currently making new startup inv...
New Orleans BioInnovation Center
New Orleans, Louisiana, United States
A nonprofit life sciences incubator in New Orleans. It offers free commercialization consulting, lab and office space...
Outlier Ventures
United Kingdom
Venture investor backing pre-seed to Series A startups in AI, Atoms and Association, which also ran Web3 accelerator...
Pi Labs
United Kingdom
Early-stage venture capital firm in London backing founders building a digital and sustainable built world.
Platanus
Santiago, Santiago Metropolitan Region, Chile
A Spanish-language startup accelerator and investor, running a 12-week programme for technology founders from idea st...
Bitcoin Frontier Fund
New York, United States
An accelerator for startups building across the Bitcoin ecosystem, listed here under its earlier name, Stacks Acceler...
Startup Wise Guys
Tallinn, Harju, Estonia
A B2B startup accelerator and investor, founded in Tallinn in 2012 and now working across Europe and Africa.
Tenity
Switzerland
Swiss fintech investor and accelerator backing early-stage fintech, AI and digital-asset startups, with programmes ac...
Unrest
United Kingdom
Unrest is a UK accelerator for impact-driven B2C and B2B2C startups. Its 16-week programme takes equity rather than a...
Chandigarh Angels Network
Chandigarh, Chandigarh, India
Angel investor network in Chandigarh that backs early-stage startups. Founders apply online and pitch at a monthly in...
Kerala Angel Network
Kochi, Kerala, India
Angel investor network and funding arm of TiE Kerala that takes equity in Kerala startups with market traction and in...
IndiaQuotient
Bengaluru, Karnataka, India
Bengaluru venture firm investing at pre-seed and seed stage in SaaS, B2B marketplaces, brands, social, fintech and co...
growX ventures
Mumbai, Maharashtra, India
A venture fund that invests in B2B and deep-tech startups from pre-product to early-growth, with a Pitch to us form a...
Pune Angels Network
Pune, Maharashtra, India
Pune angel investor network in Baner that runs monthly startup Pitch Days and paid mentoring programmes for early-sta...
Early Revenue investors at a glance
- 64 of the 447 investors we list name Early Revenue among the stages they back (14%).
- By type: 63 VC firms, 6 micro VCs and 7 angel networks.
- In India, the most are in Karnataka (13), Maharashtra (12) and Delhi (3).
- By city, the most are in Bengaluru (13), Mumbai (10) and New Delhi (3).
- The sectors they name most often are FinTech (23), Deep Tech (19), SaaS (18) and HealthTech (13).
- The other stages these investors name most often are Validation (50), Growth (29) and Ideation (28).
These are counted from the profiles listed above, so they move as investors are added or change their focus.
Questions founders ask
What does the Early Revenue stage mean to an investor?
Early revenue means customers are paying, even if the business is small and the model is still being tuned.
What should I show an investor who backs the Early Revenue stage?
Show who pays, what for, how they found you and whether they renew. Investors at this stage look at how revenue is earned and kept as much as how much of it there is.
How many investors back the Early Revenue stage?
We list 64 investors that name Early Revenue among the stages they back, out of 447 in the directory. The count changes as profiles are added and checked.
Which kinds of investor back the Early Revenue stage?
Counting the profiles here: 63 VC firms, 6 micro VCs and 7 angel networks. Open a profile to see the other stages and sectors the investor covers.
Can I approach an investor that backs more than one stage?
Yes. Many investors name several stages and decide on fit, not on a fixed label. Read the profile for the sectors and the kind of company the investor has backed, then confirm the current focus on the investor's own site before you write.