Better Capital, a venture capital firm founded by Silicon Valley entrepreneur Vaibhav Domkundwar, has secured $15.28 million in its first fund to expand its pre-seed and seed investment approach, according to the firm.

Unlike other venture capital funds, which are administered as a partnership among a few executives, Domkundwar is a sole general partner (GP) at Better Capital.

Better Capital Ventures I is backed by former or present executives, operators, and investors from Meta Platforms (Facebook), Google, Uber, LinkedIn, Tiger Global, TPG, and other top 10 growth venture and hedge funds, according to the company.

It already has a portfolio of over 125 firms, including Open, M2P Fintech, Rupeek, Teachmint, Slice, Jupiter, and Khatabook, to name a few.

With a median check size of $300,000, Better Capital's fund will invest in pre-seed and seed rounds across sectors. In 2018, the firm began investing in Indian startups at the pre-seed stage. It reached its fundraising goal within 40 hours of launching, a new high for such a campaign.

“Our LPs are not just extremely accomplished leaders, but they are deep believers in what we are doing at Better and want to actively support our founders,” says, Domkundwar, founder and chief executive of Better Capital. “We have been fortunate to partner with several firms and have created a playbook to collaboratively co-build with founders from the idea stage and bring the right set of resources including access to top tier operators and global funds.”