Afore Capital, a San Francisco, CA-based pre-seed focused venture capital firm, closed its first institutional fund, at $47m.
LPs included blue-chip institutional investors.
Co-founded by Anamitra Banerji and Gaurav Jain, Afore Capital is an institutional venture fund focused on pre-seed, investing in consumer/marketplace startup founders with pre-traction, promising ideas and a prototype.
The fund typically invests between $300k and $1m in each company.
Have a look at their portfolio here
Banerji was Founding product manager at Twitter, Product Manager at Yahoo! and Overture, Partner at Foundation Capital with investments including Kik, Mesosphere, Hutch, Paribus, Custora. Cornell.
Jain was Founding Product Manager at Android Nexus, Investor at Founder Collective. Backed companies included Cruise Automation, Firebase, and Dia & Co.