Overview

• The first close secured commitments exceeding half of the $30 million target, with final close expected by the end of the financial year.
• Investor mix includes anchor British International Investment alongside Allocator One, Cisco Foundation, Vitality Capital Partners, and Indian family offices including Anand Mahindra and Meher Pudumjee.
• The Category II fund targets early-stage deep-tech solutions to decarbonise heavy industry, manufacturing, materials, mobility, and supply chains.
• Theia plans 18–20 investments with initial cheques of $500,000 to $1 million, reserving roughly 50% of the corpus for follow-on rounds.
• Initial deployments include Sarla Aviation (electric air taxi) and Climitra Carbon (biocoal for steel), with two more signed in precision fermentation and AI energy-data modelling pending disclosure.