PedalStart, a startup accelerator, unveils the commencement of its Series-2 fund, securing a substantial $250,000 to bolster early-stage startups. Following the resounding success of its inaugural internal company fund launch of $250K, deployed to 5-7 founders, PedalStart starts its next phase of catalyzing innovation and entrepreneurship within the startup community.
According to an official statement, the primary objective of this fund is to allocate capital to 5-7 promising early-stage startups who have demonstrated notable progress and execution over preceding three to six months.
These startups, will be selected after a rigorous selection process that Pedalstart is doing while taking the startups for the acceleration process. Pedalstart aims to build a startup founders community that exhibit exceptional potential and promise.
“We’re elated to extend our support to the burgeoning pool of entrepreneurs through the launch of our Series-2 fund. At PedalStart, our unwavering commitment lies in empowering startups with the resources and guidance necessary to navigate the competitive sphere and emerge as trailblazers. The infusion of funds from our Series-2 initiative will catalyze these startups to propel their growth and realize their vision. We extend a warm invitation to all enterprising founders to seize this opportunity and begin the transformative journey with PedalStart. Together, we can forge a future brimming with innovation, resilience, and boundless possibilities,” said Manas Pal, and Aditya Darolia, the Founders of Pedalstart, in a joint statement.
Entrepreneurs eager to vie for the Series-2 fund are encouraged to explore the application process on this link https://join.pedalstart.com/. With applications open to startups seeking to supercharge their growth and amplify their impact, PedalStart aims to provide a platform for visionary founders from all the various other sectors. They are also looking to invest in robotics, deep-tech, medical science, and others, the statement added.
