Synapses launches $125 million VC fund for STEM innovations in climate and health technology

New Delhi, April 9 (IANS) Synapses, a venture capital fund, just launched a $125 million fund to support STEM solutions in climate change and health. Founded by Ruchira Shukla and Karthik Chandrasekar, both IIT alumni and veteran investors, the fund focuses on climate tech and health tech, emphasizing domain expertise and thesis-driven investing.

Ruchira Shukla, the Co-founder and Managing Partner of Synapses, expressed, “Climate change and an increasing disease burden are the defining challenges of our generation. Synapses are built on the belief that science and technology hold the key to solving these challenges at scale, not just for India, but for the world.” She emphasized nurturing innovators to build technology businesses for significant financial gains.

Named after the connective tissue in our brains, Synapses aims to connect global stakeholders in climate and health sectors. Co-founder Karthik Chandrasekar described the fund’s focus on STEM-innovation for deploying future-ready solutions at utility scale, emphasizing the complexity of commercializing these innovations. He highlighted the fund’s mission to drive impact through solving this complexity.

Synapses’ unique approach to investing in STEM solutions for climate change and health demonstrates a commitment to addressing pressing global challenges through cutting-edge technology and scientific advancements. With a deep sector focus and an emphasis on collaboration, the fund aims to support innovative startups in building scalable solutions for a sustainable future.