Sugar Free Capital, a new venture firm founded by Sheena Jindal, has closed its first fund at US$32 million to invest in technical founders from MIT.

Jindal, based in Boston and formerly an investor at Bessemer and Comcast Ventures, attracted limited partners including family offices linked to executives from Nvidia and Citadel.

The fund will target 15 early-stage startups, with investments ranging from US$1 million to US$5 million.

Sugar Free Capital focuses on AI infrastructure and selects a different investment theme each quarter, with current interest in physical AI, data center optimization, and AI agents.

So far, the firm has invested in companies in defense, gaming, and workflow automation.

🔗 Source: TechCrunch