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Ankur Capital receives commitments from BII and MacArthur for its third fund

EntrackrEntrackr · 11m ago
Ankur Capital receives commitments from BII and MacArthur for its third fund
Medial

Ankur Capital, an early-stage venture capital fund, has received commitments from two of its existing Limited Partners into its third fund. British International Investment and the John D. and Catherine T. MacArthur Foundation both have made commitments to Ankur Capital’s third fund—Ankur Capital Fund III, the fund said in a press release. The duo join the U.S International Development Finance Corporation (DFC) and Self-Reliant India Fund who had committed to the fund earlier. With a target of Rs 1,200 crore (about $150 million), Ankur Capital Fund III will continue to invest in technologies with themes tapping into the digital transformation and decarbonization opportunities for both India and beyond. According to Ankur Capital, it manages over $200 million AUM across its previous funds. With Fund III, Ankur will continue its focus on pre-series A investments with entry check sizes in the $1-2 million range and continue its support up to $10 million. Since inception, Ankur Capital has been backing deep technology innovations that address critical problems such as improving market supply chain efficiency, agricultural productivity, climate and health linked innovations, new products and services for mass markets. Ankur’s investment portfolio includes companies such as Captain Fresh, String Bio, Vegrow, Offgrid Energy Lab, BigHaat, Cropin, and Niramai.

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Vimano raises Rs 25 Cr in seed round led by Ankur Capital

EntrackrEntrackr · 3m ago
Vimano raises Rs 25 Cr in seed round led by Ankur Capital
Medial

Vimano raises Rs 25 Cr in seed round led by Ankur Capital Nanotechnology startup Vimano has raised Rs 25 crore (around $3 million) in its seed round led by Ankur Capital. This is the first investment from Ankur Capital’s new third fund. The proceeds will be used to help them grow their team, start pilot projects, and set up manufacturing. Started in 2019 by Murari Ramkumar and Dr. Nagesh Kini, Vimano makes special membranes used in energy systems like redox flow batteries, fuel cells, and green hydrogen production. These membranes help store and use energy more efficiently. Its technology aims to reduce the cost of green hydrogen and make long-term energy storage cheaper. Vimano works on clean energy problems by making special materials that help electricity flow better. Its membrane technology can be changed to fit different uses, making it more useful and powerful. These membranes also waste less energy and last longer than many others available today. The startup is working with partners in the energy space to test and use its tech in real-world projects. According to Vimano, it aspires to speed up the shift to green energy and support industries looking for better ways to store and use clean power. In August last year, Ankur Capital had received commitments from two of its existing Limited Partners into its third fund. Since its inception, the VC firm has been backing deep technology innovations companies such as Captain Fresh, String Bio, Vegrow, Offgrid Energy Lab, BigHaat, Cropin, and Niramai.

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