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Preeti Adhikari and Sajan Gautam, entrepreneurs of the Nepali diaspora, have started 'Momo Venture Capital' in America. The venture capital firm said it will invest in tech-startups and will focus on solving problems based on cyber security, artificial intelligence (AI), fintech, digital health, and biotech.
"We want to reflect the sense of intimacy and belonging that the word 'Momo' evokes in the Nepali community in our investment," says Preeti, co-founder and general partner of Momo VC. She also worked at Fusmsins Inc . Sajan, the co-founder of Momo, is the Chief Information Security Officer at Arvest Bank in America, it is mentioned in the statement. He previously He has also worked in CT and EY.
Momo VC has already invested in America's immigration tech platform 'Imera' and has committed to invest in 40 startups within the next three to five years. The company has informed that it will establish a separate local fund in Nepal as well.
Momo VC has said that it will help startup companies succeed by collaborating with incubators, accelerators, startup hubs, experts, professional associations and educational institutions.
