VC firm Good Capital launches $50 mn fund to back start-ups leveraging AI

Good Capital, a seed-stage venture capital fund focused on India, on Friday announced a $50-million fund to back start-ups that use artificial intelligence (AI) for distribution, personalisation or business operations.

The fund, which has a greenshoe option of $25 million, will in the next four years invest in upcoming firms that have an average ticket size of $1.5 million. A greenshoe is an over-allotment option that allows venture firms to raise capital over and above the target corpus.