Borderless Capital, the Miami-based venture capital firm dedicated to the Algorand ecosystem, has announced the closing of PLANETS.Fund, a $10M fund focused on building a green data economy. A statement said, “The fund will invest in the ecosystem surrounding PlanetWatch, the world’s first decentralized indoor and outdoor air quality monitoring network built on the Algorand…
New Delhi based Altius Venture Partners has launched their first fund with a target corpus of INR 100 Cr seeking to invest in early-stage startups across sectors. The fund, which is in the process of registering itself with the Securities and Exchange Board of India (SEBI) as a Category II fund, is backed by Navyug…
Speciale Invest, a venture capital fund, has secured Rs 120 crore for its second seed fund. The company aims to close at Rs 140 crore. “We expect to complete the balance very soon,” Vishesh Rajaram – Managing Partner informed ET in an interview. Commenting on the funds raised, Vishesh Rajaram added, “We are excited to…
Endiya Partners, an early-stage venture capital fund that invests in IP led Indian product startups that are globally relevant, announced it has received Rs 50 crore investment from Nippon India Digital Innovation AIF into its Fund-II. Recently, International Finance Corporation (IFC), an arm of World Bank, invested $10 million (Rs 75 crore) and committed additional…
Venture capital investment firm TrueBridge Capital Partners recently announced the close of its sixth venture capital fund-of-funds, TrueBridge Capital Partners Fund VI, L.P. (“Fund VI”) with $600mn in limited partner commitments. With this latest fund, TrueBridge surpasses its previous fund of $450 million and now manages over $3.3 billion in assets. “Today’s global economic environment…
Venture Capital firm Quest Ventures recently announced the first closure of its new $50mn fund. The new fund, Asia Fund II, is anchored with the help of two investors, Pavilion Capital and QazTech Ventures, the sovereign wealth fund of Kazakhstan. In addition to Pavilion and QazTech, Fund II is also backed by entrepreneurs, C-suite executives,…
Silicon Valley-based venture capital firm Mayfield recently announced that it has raised $750 million in capital through two venture capital funds. With the closure of the new funds, the firm currently has assets over $2.5 billion under its management. The new funds are Mayfield XVI ($475million) and Mayfield Select II ($275million). The firm said that…
Wellthy Therapeutics, a diabetes management startup, has recently raised $4mn in a pre-Series A funding round from early-stage VC firm Saamna Capital. The recent funding in the startup comes after a two year gap when the company had raised seed funding from Ranjan Pai’s family office MEMG, according to an Entrackr report. In 2018, the…
London-based venture capital firm Blossom Capital has recently announced its plan to launch an angel investment program called “Cultivate” to support 20 European startups at seed and pre-seed stage. The Ophelia Brown-led VC firm will bring together Europe’s next-generation of ambitious founders with established unicorn pioneers such as Des Traynor (Intercom), Guillaume Pousaz (Checkout.com), Nilan…
The ongoing COVID-19 pandemic has become a major crisis for young business owners. With employees unable to attend offices, operations temporarily suspended and a government-imposed 21-day lockdown, everything for some time has come to a halt. The unprecedented health crisis is going to have a deep impact on every aspect of Indian society and the…
Singapore-based early-stage venture capital firm, Lyra Ventures recently announced that it has launched a Japan-backed global second fund. Japanese fashion conglomerate TSI Holdings will be a key investor in this fund. However, the company did not disclose any financial details. Lyra Ventures, which was formerly known as Start Today Ventures, said that the new fund…
Chandigarh-based personal care and grooming startup LetsShave recently announced that it has raised an undisclosed amount of funding from Wipro Consumer Care Ventures, the venture capital fund of Wipro Consumer Care and Lighting. Existing investor Dorco also participated in the funding round. Although there is no confirmation by the company, media reports suggested that with…
Plug-and-play E-commerce platform for offline stores Near.Store recently announced that it has raised $300,000 in seed funding from venture capital fund Sauce.vc and other individual investors. Near.Store helps offline stores go online, digitize their inventory, develop new consumer relationships and access business data and insights to make their business more efficient. This is done through…
Venture Capital firm Blume Ventures recently announced the closure of its opportunity fund titled Fund IIA at $41mn. The fund will be used to support growth-stage portfolio startups. The announcement of the opportunity fund follows the closure of Fund III by Blume Ventures. According to a company statement, the investment for the new fund was…
Venture Capital firm Blume Ventures recently announced the closure of its Fund III at $102mn. The firm’s third fund has been raised from anchor investors based in India, Japan, the US, and Asia. The fund also raised amounts from existing limited partners, who have earlier invested in previous funds. According to a company press release,…