Bosch Ventures

We invest in early-stage R&D-focused individuals and teams solving complex technical challenges with large potential for commercial application. INVESTMENT AREAS We like to invest in teams building solutions in these technical domains: Software++AI & ML Big Data AR, VR & XR Cybersecurity Cloud/DevSecOps Distributed systems Performance computing Life SciencePersonalized medicine Drug discovery software Precision medicine Biofabrication Digital twins Organoids other BioTech, MedTech HardwareRobotics Automation IoT Industry 4.0 Nanotechnology Material Science Space

We are in the midst of technological shifts at a pace faster than ever before. Calculus VC capitalizes on these shifts to deliver returns and impact. We invest in the Series A and Series B stages of startups in the below sectors: FUTURE OF COMPUTING AND AI Continued advancements in AI will demand new developments in hardware and software. New computing materials and interfaces may emerge. Computing power may be more distributed, and the world will be infinitely more connected. These and more, are our areas of interest: Intelligence beyond language: We expect AI to understand quantitative models and physical phenomenon just as well as it understands language. Large Quantitiative Models are a focus for us. New hardware, materials, and architectures: We expect that demand for computing power will grow exponentially. Quantum computing, as well as distributed computing are expected to grow. We expect advancements in computing materials beyond silicon. Immersive and neural interfaces: These interfaces already exist, we expect they will become more mainstream. Spatial computing, integrating the physical world with digital environments may be our future. COMPUTATIONAL LIFE SCIENCES AND HEALTHTECH Breakthroughs in biology, materials, sensors, and data science are converging to redefine healthcare. Precision and personalization will take center stage as AI enhances how we detect, monitor, and treat disease. Areas of interest include: AI-First Therapeutics and Discovery Platforms: ML-powered platforms designing drugs and biologics via simulation, predictive modeling, and data-rich experimentation. Infrastructure for Programmable Biology: Tools that make biology engineerable – lab automation, bioinformatics, 3D bioprinting, next-gen diagnostics and R&D devices. Continuous, Data-Driven and Personalized Care: Wearables, medical devices, and diagnostics to deliver patient-centric care. These models turn users into real-time data streams, enabling adaptive treatment and personalized interventions. ADVANCED INDUSTRIAL TECHNOLOGIES As we expand the frontiers of possibility, we expect industry to evolve with intelligence, autonomy and environmental sustainability at its core. Areas of focus include: AI and automation in industry: Intelligent machines will optimize production, reduce waste, and enable new workflows. From predictive maintenance to robotic manufacturing, automation will power the next industrial revolution. We support startups enabling this vision. Land, ocean, and space transport and communications: We are interested in advanced materials, robotics, sensors, systems and software that will unlock new frontiers from deep-sea mapping to planetary missions. Resource efficiency: Building the future will demand large reserves of energy and natural resources. Technologies that can serve our energy, food, water, and agricultural needs while supporting a better planet are of interest to us.

After managing two successful funds, we now present YourNest Innovative Products VC Fund III. Focused on disruptive technologies to enhance the way mankind leverages the value of time, this US$ 75 mn fund will invest in startup founders across a spectrum of DeepTech domains: AI, IoT, Robotics, AR/VR/MR, Dev. Tools, Edge Cloud and other Digital products. As always, our intent is to create an opportunity for Indian entrepreneurs to scale into global markets with IP-led innovations: many of our portfolio companies in YourNest VC Fund II have secured patents and attracted customers in international markets. As a pioneering, pre-Series A, early-stage venture capital fund established in 2011 to support audacious startups building life-changing businesses, YourNest strongly believes in the human capability and works with the dictum of ‘what is impossible today is routine tomorrow’. We believe, too, that we are Challengineers: a team that actively pushes boundaries and engineers outcomes, standing shoulder to shoulder with our founders and supporting them with ‘Nurture Capital’. With an established network of professionals, innovators, business leaders, advisors and mentors, we offer the most enabling eco-system for any startup whose business is validated by customers. Our team prides itself on identifying committed entrepreneurs with the highest level of integrity, enabling their business ambitions and helping them to scale for international markets. In 2020, we launched our fast-track funding program SOAR which invested in five startups. The year also saw us exiting Uniphore and SmartQ from our first fund – YourNest Angel Fund – with a 0.7x DPI. Between the two funds, we are confident of multiple exits to deliver significant returns to our investors in the foreseeable future. Investment Thesis With the rise of entrepreneurs and the growth of startups in the past few years, we believe there are critical sectors, rooted in technology, that will fuel the next level of disruption in the coming decade. YourNest Innovative Products Fund-III will primarily seek to invest in enterprise-oriented, innovative, IP-led, tech-product startups. Its mission is to select products that are built around emerging technologies and have applications at scale. These product companies could be in sectors including Mobile Internet, Cloud Technology, Automation of Knowledge Work, Low-code or No-code Platforms, AI-based Cybersecurity, IOT, Edge Computing, Digital Twinning, Autonomous Technologies, Robotics, Electronic System Design & Manufacturing (ESDM). The focus of the Fund will be to invest in unlisted companies. The investment may start at an early seed stage and continue investing in promising companies at various stages of their growth. One or more rounds are likely to be made with co-investment from other investor(s) who may be an individual or an institution or an AIF or international investor such that the risk and reward of the portfolio company’s success is shared. ESG Policy Statement The YourNest Capital Advisors Pvt Ltd. i.e. Investment Manager (“IM”) of the Fund, commits to being a responsible investor, considering environmental, social and governance issues across all its investments. The IM is committed to comply with its ESG policy, applicable laws of the land and to be responsive to existing and emerging ESG concerns. We adhere to our responsibility to people and the planet while setting the stage for long-term success. Through ESG integration in our investment approach, we will endeavour to maximise business and investment opportunities. ESG integration will enable us to grow and improve the companies in which we invest, for long-term value generation opportunities for the benefit of all stakeholders. At the same time, we believe that ESG integration will help mitigate any liability, credit, market or reputation risks emanating from such issues. Nurture Capital Philosophy YourNest is a sharply focused early-stage DeepTech VC fund from India. The first fund established in 2012, raised US$ 14 mn and has several companies in the portfolio that have had multiple up-rounds and are on their way to a 4X+ return. Having completely invested its first two funds, YourNest is currently raising its third fund of US$ 75 mn to invest in Indian start-ups with a focus on DeepTech domains like AI, IoT, Robotics, AR/VR/MR, Dev. Tools, Edge Cloud and other Digital products. The YourNest team combines what may well be India’s widest access to prospective investees along with a rigorously prudent selection process that enables us to stay true to our investment thesis of nurturing high-potential entrepreneurs. In addition, we give our investors transparent access and exposure to high-growth, under-the-radar tech start-ups in India. In a country where entrepreneurship is encouraged but comes with its own challenges, the Indian DeepTech eco-system is rapidly evolving. As local Fund Managers, the YourNest team of experienced partners operates as unified enablers who have become adept at spotting emerging enterprises, nurturing and guiding them up the ladder of success. With a leadership coach as a founding partner, other partners bring complementary skillsets that including M&A, Financial Governance & Restructuring, Executive Development, Deal Flow Management, Building Intellectual Property and Global Scale. Brand building, Marketing and HR Practices are other competencies which have been added via the Venture Partners and Entrepreneur-in-Residence and are available to the portfolio companies. Our portfolio companies benefit from:‘Nurture Capital’ rather than plain ‘Venture Capital’. Our ability to mentor and coach entrepreneurs of investee companies. Our advisory expertise in key entrepreneurial matters: strategy, compliance, legal, HR, secretarial, talent sourcing, etc. Our network of corporates and individuals who can collectively multiply advantage for our investees.

Cybernetix Ventures is a venture capital firm leading the way for investment into early-stage robotics, automation, and AI startups. Headquartered in Boston, the world’s epicenter for robotics innovation, Cybernetix connects its portfolio to the national and global robotics ecosystems, bringing unparalleled expertise to companies poised to make major impacts in sectors including advanced manufacturing, logistics/warehousing, architecture, engineering and construction and healthcare/medical devices. The fund will also invest in key robotics-enabling software companies in AI/machine learning, cloud robotics, cybersecurity, autonomy, and sensors/edge computing.

2048 Ventures is a thesis-driven earliest stage venture capital firm. We are founders, experienced operators, nerds and dreamers obsessed with the future. We've backed over 200 startups and have the experience and conviction to lead your pre-seed. We get you and your vision before others We are systems thinkers, engineers, and product junkies. We think about the future non-stop and are ready to understand and back you before anyone else. When we decide to invest, we write you a check and then help you close the rest of the round. If you are a mission-driven team, with strong founder market-fit and a vision for what the future should look like, then we would love to meet you. We love serial founders, but we are also very excited about being the first to believe in underdogs, immigrants, and diverse founders who are going on their first founder journey. We are not your typical pre-seed firm We are a thesis-driven investor and invest in next generation platforms - APIs, data, infrastructure, marketplaces, and specific types of vertical SaaS. We invest across verticals, but spend most of our time thinking about: biotechnology, digital health, AI/ML, Robotics, AR/VR, Blockchain, Security, Energy, Mobility, Logistics, Fintech, Marketplaces, Productivity, Culture, and Communities. We don't care where you are based and we are happy to lead your pre-seed anywhere in North America. We've invested across 20+ cities including NYC, LA, Boston, Toronto, Austin, Denver, Seattle, Montreal, Atlanta, Detroit, Chicago, Philadelphia, and Minneapolis. Who we are We are a team of experienced operators and dreamers who are passionate about working with founders at the earliest stage. Collectively, we have invested in over 200 early stage startups. We are proud to have an NPS score of 100 from our founders.

Lingotto’s Innovation Fund is a new $600mm+ AUM crossover (public & private) fund focused on making concentrated and long-term investments in companies operating at the cutting edge of technological and business-model innovation. Core to our investment thesis is the fact that market returns are dominated by extreme structural winners – we seek to identify decades-long secular trends and the management teams best positioned to capitalize on them in the early years. The senior team has a notable history of private investments including: OpenAI, SpaceX, Alibaba, Coupang, Stripe, Databricks, Spotify, Airbnb, Tempus, Recursion, Ginkgo Bioworks, Palantir, Epic Games, Joby Aviation, Indigo, Aira, Humane, H2 Green Steel. The Innovation Fund is co-managed by James Anderson (CIO & Managing Partner) and Morgan Samet (Co-Head & Managing Partner). James has over 40 years of investment experience – most recently as a Partner at Baillie Gifford, where he managed over £100bn in AUM throughout his tenure. As head of the firm’s flagship fund, the Scottish Mortgage Investment Trust, he delivered a +1,555% return vs. +354% for the FTSE all-world benchmark (between April 2000 and March 2022). He was instrumental in the firm’s move into private investing starting with Alibaba in 2012. Morgan has over 19 years of experience in private and public market investing. She has previously worked at Belfer Management, Pzena Investment Management, Thomas H. Lee Partners, and Goldman Sachs. She received her MBA from Harvard Business School. The Innovation Fund is a part of Lingotto, a $4.5bn+ investment management company supported with permanent capital from Exor and additional external LPs. Exor is one of Europe’s largest publicly traded holding companies. Its assets include companies like Stellantis (Fiat, Chrysler, Citroen), Ferrari, Philips, Juventus Football Club, the Economist and Christian Louboutin. Exor’s CEO is John Elkann (Chairman of Ferrari); its Chairman is Nitin Nohria (Executive Chairman of Thrive Capital and former Dean of Harvard Business School). Lingotto’s Chairman is George Osborne, former UK chancellor.