MGS Ventures Runway — incubation before seed

MGS Ventures Runway

Earlier than the stages we support. Some companies do not exist yet. Runway is a platform that incubates teams in ideation, college and pre-seed stage and stays with them until the seed round is a real conversation.

Talk to us — info@mgsventures.in

Runway success — Protectt.ai, incubated 2020

A cybersecurity company built in India, defending apps anywhere in the world. That was the thesis in 2020. India was going mobile-first faster than anywhere on earth, and almost all of the software defending those apps was being written somewhere else. We wanted a homegrown company with genuinely global capability — the strength to sit on any shortlist, in any market. So we incubated one.

Protectt.ai began at exactly the stage Runway is built for — a founding team and a conviction, before there was a product. We wrote the first cheque and stayed close: incubation, mentoring, go-to-market, hiring, customer introductions.

Today it is an AI and behaviour-driven mobile app security and fraud control platform protecting critical banking, exchange and insurance apps — runtime protection, device and SIM binding, code and API defence, and now security for AI models and agentic systems. Having earned the trust of India’s enterprises, it is now taking that protection global.

It has grown exponentially year over year and is backed today by Bessemer Venture Partners and the Bajaj Group. Year incubated: 2020. Stage at entry: idea. Our role: incubation, mentoring, GTM. Backed by today: Bessemer Venture Partners, Bajaj Group. protectt.ai

Building something early and ambitious? Start your application.

Offices: Mumbai, India · Walnut Creek, California.

Contact: info@mgsventures.in · MGS Ventures on LinkedIn

BACKING FOUNDERS DISRUPTING ENTERPRISE TECH IN THE AGE OF AI
MGS Ventures logo
MGS Ventures — early-stage venture capital

We are operators.
We back founders, not just with capital.

MGS Ventures backs founders building category-defining companies at Seed to Series A stage - capital, conviction, and operator ethos from day one.

Apply Meet the team
Our belief
Our belief

Fifteen years ago, Andreessen Horowitz said software was eating the world. Today, AI is eating software — and changing how the work itself gets done. We back the builders of that reality, with operators who have lived it.

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Where we invest

Seven sectors we believe is ripe for disruption.

Sector-agnostic within technology - but building for enterprise customers is where we can help.

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Geographies we invest in
India Primary
MENA Primary
Southeast Asia & USA Opportunistic
Where we don't invest

A clear no saves everyone time.

What we are NOT

  • Not a horizontal AI fund.
  • Not consumer.
  • And not backing technology for its own sake, without commercial adoption.

What we will NOT back

Sectors that gain from harm to people, the environment, or society (vice sectors, weapons, gambling, and private crypto among them).

How we work with founders

A short process, run by partners.

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Start your application
Stages and cheque sizes

Seed to Series A

We lead rounds and co-invest alongside others. What changes between stages is the ownership our cheque buys, not the size of our commitment.

First cheque — stage agnostic
AroundUSD 500 K

We go beyond this when the round warrants it, and double down on portfolio winners with follow-on cheques.

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Earlier than the stages we support

Some companies do not exist yet. We start there too.

Incubation cheques for ideation, college and pre-seed teams

A first cheque, mentoring with high involvement, and the same partners you would meet at seed.

See MGS Ventures Runway
RunwaySuccess
Protectt.ai

We incubated Protectt.ai in 2020 — a team and a conviction, before there was a product.

Today it is an AI and behaviour-driven mobile app security platform defending critical banking, exchange and insurance apps. Having earned the trust of India’s enterprises, it is now taking that protection global. It has grown exponentially year over year and is backed by Bessemer Venture Partners and the Bajaj Group.

FAQs

Your questions answered

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Portfolio

Runway
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A partner from the first cheque.

MGS Ventures backs founders at the earliest and riskiest stage.
Drawing from our decades of experience in operating successful enterprise regulated tech businesses, we extend it to our portfolio companies to not just cross the 'valley of death' but emerge on the other side as category leaders. 

Team

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Advisory board

Some decisions are better made by someone who has made them before. We bring in senior operators and specialists from across the globe, usually before the company knows it needs them.

Application received

We'll be in touch. Questions in the meantime — reach us at info@mgsventures.in.

Apply for more than just the funding

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Earlier than the stages we support

Some companies do not exist yet. Runway is a platform that incubates teams in ideation, college and pre-seed stage and stays with them until the seed round is a real conversation.

RunwaySuccess

A cybersecurity company built in India, defending apps anywhere in the world.

That was the thesis in 2020. India was going mobile-first faster than anywhere on earth, and almost all of the software defending those apps was being written somewhere else. We wanted a homegrown company with genuinely global capability — the strength to sit on any shortlist, in any market. So we incubated one.

Protectt.ai
Incubated 2020 · Mobile app security
protectt.ai

Protectt.ai began at exactly the stage Runway is built for — a founding team and a conviction, before there was a product. We wrote the first cheque and stayed close: incubation, mentoring, go-to-market, hiring, customer introductions.

Today it is an AI and behaviour-driven mobile app security and fraud control platform protecting critical banking, exchange and insurance apps — runtime protection, device and SIM binding, code and API defence, and now security for AI models and agentic systems. Having earned the trust of India’s enterprises, it is now taking that protection global.

It has grown exponentially year over year and is backed today by Bessemer Venture Partners and the Bajaj Group.

2020
Year incubated
Idea
Stage at entry
Incubation, mentoring, GTM
Our role
Bessemer Venture Partners, Bajaj Group
Backed by today