Tykhe Ventures · $20M AUM · SEBI AIF Category II

The investor half of the practice.

Most fractional CTOs sell to investors. Very few are one. This page exists so you can check the claim rather than take it on trust.

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Ganesh Kompella is Founding Partner and certified fund manager at Tykhe Ventures, which runs $20M across two funds — Fund I (2024) in blockchain and Web3 infrastructure, and Fund II (2026), a SEBI Alternative Investment Fund Category II, in AI-first Indian companies. He is also fractional CTO to Landocs Private Equity in Tel Aviv and technical advisor to single-family offices in Chennai.

The Funds

Two funds, one thesis.

Back builders who ship, in markets with structural tailwinds. Both funds are early-stage and both are technical enough that the diligence has to be done by someone who has actually shipped infrastructure.

Fund I

2024

Blockchain and Web3 infrastructure

Early-stage protocols, DeFi infrastructure, and blockchain-native applications. Global mandate. Backs teams building the rails rather than the applications on top of them.

Fund II

2026

AI-first companies in India

A SEBI Alternative Investment Fund, Category II. Applied AI, vertical SaaS, and deep tech, invested into Indian founders. The structure is regulated, which means audited reporting, a compliance perimeter, and a named key investment team.

The Licence

What being regulated actually changes.

Fund II is registered with SEBI as an Alternative Investment Fund, Category II. That is not a badge — it is a compliance perimeter. A registered AIF must name its key investment team, and SEBI requires that team to hold the relevant NISM certification. There is audited reporting to SEBI and to investors, defined limits on concentration, and rules governing related-party dealing.

The practical consequence for an advisory client: the person writing your technical diligence memo operates under a regime that makes him personally accountable for how investment judgement is documented. Most technical diligence is written by people with no such obligation, and it reads that way — long on architecture opinion, short on anything an investment committee can act on.

It also means the vocabulary matches. Hurdle, carry, hold period, value-creation plan, exit readiness, LP reporting — a diligence memo that lands with a deal team is written in those terms, not in terms of microservices and test coverage.

Both Sides of the Table

Why the two halves make each other better.

Operators write diligence memos that list every technical flaw they can find. Investors want to know which flaws change the price, which ones are fixable inside the hold period, and which ones are actually the reason the asset is cheap.

Sitting on an investment committee teaches the difference. A monolith is not a finding. A monolith that cannot be split without an eighteen-month rewrite, in a business whose thesis depends on launching three adjacent products inside two years, is a finding — and it belongs in the memo with a number attached.

Running engineering teams teaches the other direction. It is what stops a diligence memo becoming a list of things a vendor would like to sell you, and it is why the recommendation at the end has a sequence, an owner, and a cost rather than a maturity score.

Neither half is unusual on its own. The combination is what makes the diligence different.

Capital-Side Engagements

Where this work happens.

Private equity

Fractional CTO, Landocs Private Equity — Tel Aviv

Technology leadership across the firm and its portfolio: pre-close technical diligence on transactions, post-close value-creation execution, and translating engineering reality into terms an investment committee can underwrite.

Private equity CTO engagements →

Family offices

Technical advisor to single-family offices in Chennai

Consolidated reporting across entities, document and data security, custodian and manager data aggregation, platform selection, and succession-proofing the systems that hold a family's financial life. Engagements are confidential; families are not named.

What a family office CTO does →

Venture

Technical diligence for Tykhe Fund I and Fund II

Every technical diligence memo behind a Tykhe cheque. Protocol and token design, validator and custody assumptions, model and data dependency risk, inference cost curves, and whether a moat survives the next foundation-model release.

Technical due diligence →

Boundaries

What this practice is not.

We do not raise capital for advisory clients. No introductions-for-fees, no placement work, no warm-intro economics. If we introduce you to someone, it is free and it is because we think it should happen.
We do not take finder's fees or success fees. Diligence is paid for on a project or retainer basis and the fee does not change based on whether the deal closes. A diligence provider paid more when the deal happens is not a diligence provider.
Tykhe does not invest in Kompella advisory clients without disclosure. Both sides are told first, in writing, and either can decline without consequence to the other relationship.
We are not a substitute for legal, financial or tax diligence. This is technology and engineering-organisation judgement. It sits alongside the rest of a deal team's work, not on top of it.
Nothing here is investment advice. Tykhe Ventures fund materials are available only to eligible investors through the fund's own channels, not through this site.

FAQ

The questions investors actually ask.

Yes, and the boundary is written down rather than assumed. Tykhe Ventures does not invest in companies where Kompella Technologies holds an advisory mandate without disclosing it to both sides first. We do not take finder's fees, we do not accept success fees tied to a transaction closing, and we do not raise capital for advisory clients. If a conflict exists on a specific deal, we say so and step back from the diligence rather than manage around it.

A Category II Alternative Investment Fund is a SEBI-registered private fund that does not use leverage other than for day-to-day operations — in practice, private equity and venture funds. Registration brings a compliance perimeter: a named key investment team, certification requirements for that team, audited reporting to SEBI and to investors, and defined rules on concentration and related-party dealing. It is a materially higher bar than an unregulated syndicate.

They feed each other. Sitting on an investment committee is what taught us which technical risks actually change a valuation and which ones are noise that engineers care about and investors do not. Running engineering teams is what makes the diligence concrete rather than a checklist. Most people in this market have done one or the other.

Only with disclosure to both sides, and never as a condition of the advisory engagement. The default answer is no. An advisory client should be able to end the engagement without it affecting a cap table, and a portfolio company should be able to decline advisory support without it affecting how their investor treats them.

Early-stage cheques across both funds against $20M in total assets under management. Fund I writes into global blockchain and Web3 infrastructure; Fund II writes into AI-first companies in India. Specific ranges and current deployment status are best discussed directly — the funds are at different points in their cycles.

Verifiable credentials

Certification: NISM Series XIX-C: Alternative Investment Fund Managers Certification Examination
Fund manager: Founding Partner, Tykhe Ventures — $20M AUM across two funds
Fund structure: Fund II — SEBI Alternative Investment Fund, Category II
Private equity: Fractional CTO, Landocs Private Equity — Tel Aviv, Israel
Family offices: Technical advisor to single-family offices — Chennai, India

Full biography and engagement history: Ganesh Kompella.

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