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Rajan Anandan

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Peak XV raises Surge seed cap to $5M, unveils 18-startup twelfth cohort

Peak XV Partners has increased the maximum per-company investment through its Surge seed program from $3 million to $5 million, applying the new ceiling for the first time to its latest batch, Surge 12. The firm put over $50 million into the 18-company cohort, which has raised more than $90 million in total seed funding, with at least three startups having secured outside capital before joining.