White Unicorn Ventures, a Mumbai-based seed-stage investor, has closed its $20-million maiden fund and is looking to deploy a part of the capital in European start-ups. White Unicorn began operations in May 2016 and has already invested a little less than $5 million across 16 start-ups from the fund. Its investments typically fall in the range of INR 50 lakh to INR 3 crore.