GCV Symposium 2017
Skip Content

26 February 2015

VC engineers $32m fund

Engineering Capital founded with $32m backing from consortium including a university endowment.

Author: Gregg Bayes-Brown, editor

Venture capitalist Ashmeet Sidana (pictured), formerly of Silicon Valley-based Foundation Capital, has formed Engineering Capital, an investment firm aimed at ICT startups.

Sidana has raised $32m in Engineering’s first fundraise, oversubscribed from the original target of $25m. The backers include an unnamed university endowment fund, a foundation, a fund-of-funds. Serial entrepreneur Steve Plant and Scott Bonham, a founding partner at GGV Capital, also backed the raise.

The firm will be making investments between $500,000 and $1m, and expects to make between 12 to 18 investments from the fund. The fund will also continue to back its portfolio in subsequent rounds through to exit.

Sidana told news provider Wall Street Journal: “The value I want to bring is true technical insight into the market and real hands-on help in building your company. Typically my entrepreneurs are executives [who] understand how enterprises work. They’re still pretty young, in their 30s, [but] they have experience and are not kids. They’re not living in a frat house throwing ideas on a wall.”

Copyright Mawsonia Limited 2010. Please don´t cut articles from www.globaluniversityventuring.com or the PDF and redistribute by email or post to the web without written permission.

  • Linkedin
  • Mail
  • Rssfeed
Trial Subscribe now

Latest Magazine

GCV Symposium 2017

Editor’s picks

Most popular


23 April 2017

UniVenture Visions 2017 Symposium – Hong Kong

The Coller Institute of Venture and the AUTM Asia 2017 Conference have announced UniVenture Visions, an exclusive symposium that shall trigger the thinking and discussion necessary to evolve research universities…

23 May 2017

GCV Symposium 2017 - London

Join 400+ business leaders from the corporate venturing and wider high growth business ecosystem for the two-day 2017 GCV Symposium.