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

EntrackrEntrackr · 1y 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.

Alteria Capital announces final close of Fund III at Rs 1,550 Cr

EntrackrEntrackr · 1y ago
Alteria Capital announces final close of Fund III at Rs 1,550 Cr
Medial

Mumbai-headquartered venture debt firm Alteria Capital has announced the final close of its third fund at Rs 1,550 crore (approximately $187 million). The fund was oversubscribed with a target size of Rs 1,000 crore and a green shoe option. Alteria Capital, which has backed startups such as Rebel Foods, BlueStone, OneCard, Ather and Captain Fresh, will continue backing startups across consumer brands, e-commerce, fintech, logistics, business-to-business platforms, rural and agritech, healthcare, and climate tech. It will also evaluate companies in the Gen AI and spacetech segments. While it closed the venture debt scheme at Rs 1,550 crore, the shorter duration scheme, currently under subscription, is expected to raise around $105 million. The shorter duration scheme is likely to see its final close by the end of 2024. It will be available to all portfolio companies with the average cheque size ranging between Rs 3 crore and Rs 100 crore. The fund has already deployed 50% of the total capital commitments to portfolio companies, including OneCard, Renee Cosmetics, Samunnati, Blissclub, Rebel Foods, Giva, Lead School, Kissht, Captain Fresh, Traya, BlueStone and Ather.

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