# IAN Alpha Fund: portfolio, investments and team > IAN Alpha Fund is a vc firm. 10 investments on record, 9 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/ian-alpha-fund (Millionrounds; every figure on the page links to its filing or article) [Investor](https://millionrounds.com/investors) # IAN Alpha Fund Last cheque observed Oct 2026; 10 cheques on record. Email Deploying now VC firm Series A Seed Follow IAN Alpha Fund and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fian-alpha-fund) Deploying now **100%** of best year **9** **cheques in 12 months**, 10 on record Since the last cheque **18** days **00** hrs **00** min **00** sec Median round **$3.9M** Cheque size, as they say **$1.0M – $3.0M** Rounds led **8 of 10** Sole investor **1 rounds** Mostly in **India, 100%** Pitch IAN Alpha Fund ## IAN Alpha Fund highlights - 01 9 cheques in the last 12 months - 02 Mostly Series A and Seed: 100% of its rounds - 03 Sole investor in 1 rounds, median $2.4M ## What they do - **Type:** VC firm (from a list, unverified) - **Cheque size:** $1.0M – $3.0M as they say - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **10 appearances** - **2026** 9 rounds - **Oct** **[ThinkMetal](https://millionrounds.com/company/thinkmetal)** IN · IAN Group **$2.8M** *Led* - **Jul** **[Farm Watt Innovations](https://millionrounds.com/company/farm-watt-innovations)** IN · IAN Alpha Fund **$3.4M** *Led* - **Jun** **[TrueFan AI](https://millionrounds.com/company/truefan-ai)** Series A · IN · Inc42 **$10M** With 3 others - **Jun** **[Aquapulse](https://millionrounds.com/company/aquapulse)** IN · IAN Group **$4.7M** With 1 other - **May** **[BigEndian Semiconductors](https://millionrounds.com/company/bigendian-semiconductors)** Seed · IN · IAN Group **$6.0M** *Led* - **Apr** **[SportVot](https://millionrounds.com/company/sportvot)** Series A · IN · IAN Group **$3.4M** *Led* - **Apr** **[RoshAi](https://millionrounds.com/company/roshai)** Seed · IN · IAN Alpha Fund **$2.4M** *Led* - **Feb** **[Mojro](https://millionrounds.com/company/mojro)** Series A · IN · IAN Alpha Fund **$3.0M** *Led* - **Feb** **[Peptris](https://millionrounds.com/company/peptris)** Series A · IN · IAN Alpha Fund **$7.7M** *Led* - **2025** 1 round - **Oct** **[Morphing Machines](https://millionrounds.com/company/morphing-machines)** Series A · IN · IAN Alpha Fund **$4.3M** *Led* An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team We hold **3** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. ## What they claim to have backed From their own portfolio page (on their website) **1** of 26 we have independently watched raise [Alphafund](https://millionrounds.com/company/alphafund) Anscer Robotics Robotics Aquapulse Water technology Big Endian Deeptech Brainsight AI AI D-Propulse Deeptech startup Dhruvaspace Space technology Dial4242 Technology-enabled emergency E-trnl EndureAir UAV company Financialexpress Fluxgen Climate tech Innovodigm Biotechnology company Invest in IAN Lamark Biotech Biotechnology Learntube AI AI-powered Mojro AI-powered supply Morphing Machines Semiconductor Peptris AI-driven drug Prantae Medtech startup Rosh Ai AI Serigen Medtech company SkyeAir Drone technology The Full List Truefan AI AI-powered the IAN Group Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded. ## The cheque Series A Seed Median round joined **$3.9M** the round, not its cheque Alone, median **$2.4M** Led 8 of 10 rounds **80%** - **Said size:** $1.0M – $3.0M - **Sole investor:** 1 rounds - **Last cheque:** Oct 2026 Rounds by stage said on their site - Series A *5* - Seed *2* Cheques by month Led Joined Nov 2023 Oct 2026 Often in the room with - [IvyCap Ventures](https://millionrounds.com/fund/ivycap-ventures) 2 - [Speciale Invest](https://millionrounds.com/fund/speciale-invest) 2 **Pitching IAN Alpha Fund?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as IAN Alpha Fund. A count of rooms they were both in, not a relationship either has claimed. [**IvyCap Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/ivycap-ventures)[**Speciale Invest** VC firm **2** rounds together](https://millionrounds.com/fund/speciale-invest) ## Recently backed The latest companies IAN Alpha Fund put money into. [**ThinkMetal** $2.8M · Oct 2026](https://millionrounds.com/company/thinkmetal)[**Aquapulse** $4.7M · Jun 2026](https://millionrounds.com/company/aquapulse)[**BigEndian Semiconductors** $6.0M · May 2026](https://millionrounds.com/company/bigendian-semiconductors)[**SportVot** $3.4M · Apr 2026](https://millionrounds.com/company/sportvot)[**RoshAi** $2.4M · Apr 2026](https://millionrounds.com/company/roshai)[**Mojro** $3.0M · Feb 2026](https://millionrounds.com/company/mojro) ## Quick answers about IAN Alpha Fund ### What does IAN Alpha Fund invest in? IAN Alpha Fund invests most often at Series A and Seed (100% of the rounds on record). ### How active is IAN Alpha Fund? 10 investments on record, 9 of them in the last 12 months, and it led 8. The most recent was in Oct 2026. ### What has IAN Alpha Fund invested in recently? Its most recent investments on record: ThinkMetal (Oct 2026), Farm Watt Innovations (Undisclosed round, Jul 2026) and TrueFan AI (Series A, Jun 2026). ### How big are IAN Alpha Fund's cheques? The median round it joins is $3.9M. It says it writes cheques of $1.0M to $3.0M. ### Does IAN Alpha Fund lead rounds? Yes: it led 8 of its 10 investments on record (80%). ### Where does IAN Alpha Fund invest? Most of the companies it backs are in India (100%). ### Is IAN Alpha Fund investing now? Yes: it is actively investing, with 9 investments in the last 12 months. ### Who does IAN Alpha Fund invest alongside? Most often IvyCap Ventures (2 rounds together) and Speciale Invest (2 rounds together). ## Raising now? 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