Sugar Free Capital raises $32M inaugural fund to back early-stage MIT founders

Sugar Free Capital, a venture capital firm, has announced the closing of its $32 million inaugural fund. The fund is specifically focused on investing in early-stage startups founded by MIT alumni or current students. The firm was founded by three MIT alumni who aim to leverage their network and experience to support the next generation of MIT-connected entrepreneurs. The fund will target seed and Series A investments in companies across various sectors, including software, hardware, and deep tech. Sugar Free Capital's mission is to empower MIT-affiliated founders by providing them with not only financial resources but also access to the firm's extensive network, industry expertise, and mentorship. The firm believes that MIT's ecosystem is a rich source of innovative ideas and talented founders, and it aims to be a trusted partner in their entrepreneurial journey. The successful closing of the $32 million fund underscores the growing interest and confidence in the MIT entrepreneurial ecosystem, as well as the potential for venture capital firms to play a crucial role in supporting and nurturing early-stage startups.