What cheque size does DeVC (Decentralized Venture Capital) write?

As compiled from public sources: USD 50K - USD 500K first cheques (pre-seed/seed)

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VC fund (Cat II) · Curated list

DeVC (Decentralized Venture Capital)

Pre-seed / Idea · IT / SaaS / Enterprise Software · Bengaluru

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Contact on file — shared on accepted request

At a glance

Stage focus: Pre-seed / Idea
Primary sector: IT / SaaS / Enterprise Software
City: Bengaluru
HQ / office: Bengaluru (HQ): #311, 6th Main, Indiranagar, Bengaluru, India 560038 (phone 080-69696000). Additional offices: Mumbai (601-602, Ceejay House, Dr Annie Besant Road, Worli, Mumbai 400018; phone 022-67680000); Gurgaon (One Horizon Centre / Horizon Plaza, 4th Floor, Golf Course Road, DLF Phase 5, Sector 43, Gurgaon 122002; phone 0124-6885000); San Francisco (WeWork, 535 Mission St, 14th floor, CA 94105).
Fund registered: 2022
Investments on record: 100
Corpus (as reported): Total deployed reported as USD 500M+ across 100+ investments (per official site, 2026); discrete fund/AUM figure not publicly disclosed. Fund vehicle: "Matrix Partners India DeVC I AIF" (SEBI Cat-II AIF, Reg. IN/AIF2/22-23/1131), anchored by Matrix Partners India.
Website: devc.com
LinkedIn: Profile ↗

About

DeVC (Decentralized Venture Capital) is an India-based pre-seed/seed venture firm founded 2022 and anchored by Matrix Partners India (now Z47), operating a "network-led" / decentralized collective model with an LP base of 40+ founders/operators (the "Collective"). It invests via the SEBI-registered "Matrix Partners India DeVC I AIF" (managed by DeVC India I Manager LLP), writing first cheques of USD 50K–500K. It markets quick decisions and operator support, with stated cumulative deployment of USD 500M+ across 100+ startups; ~40 of its portfolio companies are Bay Area-based.

Investment focus

Stage: Pre-seed / Seed (first cheques USD 50K–500K). Sectors: AI, Consumer, DevTools & Infrastructure, Fintech, Hardware & Deeptech, Gaming, Web3, Industrial & Manufacturing.

Cheque size

USD 50K - USD 500K first cheques (pre-seed/seed)

As compiled from public sources — verify with the investor.

SEBI registration

SEBI AIF Category II — reported as “Seed/micro-VC / Cat II”

IN/AIF2/22-23/1131

SIDBI Fund of Funds

None found

Notable portfolio

Ambak (fintech, home-loan financing); CodeAnt AI (AI / DevTools, code review); Confido Health (healthcare AI); Kintsugi (tax automation); RapidClaims (medical-coding AI); Realfast (enterprise software); Smallest AI (enterprise AI); StepSecurity (DevTools / security)

Team & organisation

Core team size not explicitly disclosed; backed by a 'Collective' of 50+ founders/operators acting as LPs/scouts

LLP-managed (DeVC India I Manager LLP), single fund: Matrix Partners India DeVC I AIF, Category II AIF (SEBI IN/AIF2/22-23/1131); network-led, anchored by Matrix Partners India (private anchor, not government).

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Frequently asked

What does DeVC (Decentralized Venture Capital) invest in?: Stage: Pre-seed / Seed (first cheques USD 50K–500K). Sectors: AI, Consumer, DevTools & Infrastructure, Fintech, Hardware & Deeptech, Gaming, Web3, Industrial & Manufacturing.
What cheque size does DeVC (Decentralized Venture Capital) write?: As compiled from public sources: USD 50K - USD 500K first cheques (pre-seed/seed)
How do I pitch DeVC (Decentralized Venture Capital) through iHub India?: Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.

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About this record

⚑ Closely tied to / anchored by Matrix Partners India (rebranded Z47) — not a standalone independent fund; verify this affiliation is acceptable for the program. Private SEBI Cat-II AIF; no government/DFI linkage found. Note multiple unrelated entities also use the "DeVC" name/abbreviation globally — confirm identity via the devc.com domain / SEBI Reg. IN/AIF2/22-23/1131 when cross-referencing.

Compiled from SEBI registrations and public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.

Sources: https://www.devc.com/; https://indialei.in/detailed-information/46633343/254900MZRFKJOLRAWY50/matrix-partners-india-devc-i-aif/