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LC Nueva Investment launches second vehicle to back winners from first fund
VCCircle
·
10m ago
Medial
- LC Nueva Investment Partners launches second fund to support winners from its first fund, LC Nueva Fund. - The partnership is between Singapore-based Lighthouse Canton and Delhi-based investment firm Nueva Capital. - LC Nueva Fund closed at Rs 350 crore ($42 million) in 2023. - The second fund, named LC Nueva Momentum Fund, aims to continue backing successful investments. - LC Nueva Investment Partners focuses on investment opportunities in the Indian market.
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LC Nueva Unveils INR 150 Cr Fund To Tap Into Secondary Market
Inc42
·
10m ago
Medial
- The LC Nueva Momentum Fund will prioritize investing in successful companies from its previous fund, LC Nueva Fund, as well as secondary market transactions. - Aiming to support high-growth startups, the new fund plans to invest in 10-15 companies at Series A and Series B stages. - The LC Nueva AIF's second fund, LC Nueva Momentum Fund, is being launched almost a year after the successful closure of its first fund with a total value of INR 350 Cr. - The focus of the new fund will be on identifying and backing "winners" from its previous fund and exploring investment opportunities in the secondary market. - The investments from the LC Nueva Momentum Fund will mainly target startups experiencing rapid growth in their early-stage funding rounds.
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LC Nueva Investment Partners launches new fund with target corpus of Rs 150 Cr
Entrackr
·
10m ago
Medial
LC Nueva Investment Partners has launched the LC Nueva Momentum Fund, aiming for a target corpus of Rs 150 crore (approximately $18 million) with an additional greenshoe option of Rs 100 crore (around $12 million). This follows the successful closure of its maiden fund at Rs 350 crore, which has reported that half of its portfolio companies secured further rounds of funding, achieving an impressive nearly 57% compounded annual growth rate (CAGR) in average revenues. The new fund will support 10-15 high-growth startups in Series A and B rounds, focusing on “winners” from its previous fund and secondary market opportunities. LC Nueva Investment Partners, a collaboration between Singapore’s Lighthouse Canton and Delhi NCR-based Nueva Capital, aims to invest in companies that have shown improved operating performance and are considered high-conviction investments. The Momentum Fund’s strategy emphasizes identifying high-potential investments to deliver exceptional returns by leveraging strong relationships from its previous fund and actively pursuing secondary opportunities. In the broader venture capital landscape, early-stage firm Capital A has launched its Fund II with a target of Rs 400 crore, while z21 Ventures recently achieved the first close of its $40 million Fund II at $20 million.
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Lighthouse Canton plans new venture capital fund to back portfolio winners
VCCircle
·
1y ago
Medial
Singapore-based investment firm, Lighthouse Canton, is set to launch a new venture capital fund to support the top-performing companies from its first India-focused fund. The firm recently closed its debut India VC fund, LC Nueva AIF, and aims to further invest in the most promising companies from that portfolio. This move reflects Lighthouse Canton's commitment to backing successful ventures and maximizing returns for its investors.
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Lighthouse Canton closes early stage Indian startups focussed AIF at INR 350 Cr
Inc42
·
1y ago
Medial
Singapore-based Lighthouse Canton has closed its LC Nueva AIF, a scheme of Luminere Investment Trust, at INR 350 Cr. Initially aimed at INR 300 Cr, the fund size was increased due to high demand. LC Nueva AIF focuses on early-stage Indian startups and invests in revenue generating companies with strong unit economics. It has a portfolio of around 30-35 startups, including EV financing startup Revfin and career tech platform Internshala. The fund plans to use half of the corpus for follow-on rounds for existing portfolio companies.
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Lighthouse Canton to launch ₹250 cr fund to back portfolio winners
Livemint
·
1y ago
Medial
Investment firm Lighthouse Canton is planning to launch a ₹250 crore momentum fund to invest in high-performing portfolio companies. The fund aims to invest in 15-20 companies that have demonstrated exceptional growth. Lighthouse Canton's CEO, Shilpi Chowdhary, said the focus would be on companies that can potentially deliver high returns. The fund will have an average ticket size of about $2 million and will primarily target Indian companies, although it may also consider other similar opportunities. Lighthouse Canton's existing fund, LC Nueva, has already invested in around 33 startups.
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PE firm First Bridge backs vehicle loan NBFC
VCCircle
·
1y ago
Medial
First Bridge, a private equity firm, has invested in a vehicle financing company, marking its third investment from its second fund. The firm has previously invested in fashion accessories brand Bagzone Lifestyles and skincare brand Oshea Herbals. The investment in the vehicle loan NBFC amounts to about Rs 75 crore.
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Plan to launch second debt fund, set up NBFC: Lighthouse Canton’s Sanket Sinha
VCCircle
·
1y ago
Medial
Singapore-based asset management firm, Lighthouse Canton, is planning to launch a second debt fund and set up a non-banking financial company (NBFC). The firm has recently closed its first debt fund and will now focus on launching a second fund for making credit investments. Additionally, Lighthouse Canton plans to establish an equity investment vehicle for investing in top-performing companies from its maiden venture capital fund's portfolio.
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GenAI startup Highperformr, two others raise early-stage funding
VCCircle
·
1y ago
Medial
Generative AI startup Highperformr has raised $3.5 million in seed funding round led by Venture Highway. The funding will be used for research and development (R&D) to further develop Highperformr's native AI capabilities and build a distribution network. Fintech startup BimaPay secured $4 million in a pre-Series A funding round led by LC Nueva Investment Partners. The funding will be used to improve technology infrastructure and expand its reach. Waste management startup Duro Green has received an undisclosed investment from BizDateUp Technologies. Duro Green offers advanced waste handling and reuse solutions.
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Another returning LP looks to sign bigger cheque for SPE Capital’s Africa fund
VCCircle
·
1y ago
Medial
SPE Capital, a private equity firm, is attracting returning limited partners (LPs) to commit larger amounts for its new investment vehicle. After raising $258 million for its first fund earlier this year, SPE Capital aims to secure another returning LP for its second fund. The firm, established as a spin-off from Swicorp, is focused on investments in Africa.
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Vegan Startup Fitspire raised undisclosed amount from Bollywood singer Sukhbir Singh
Startup News FYI
·
2y ago
Medial
Vegan Startup Fitspire raised undisclosed amount from Bollywood singer Sukhbir Singh. Joining Singh in this funding round were prominent investors, including Ashish Chand and Sohil Chand (LC Nueva), Ivor Braganza (Next5 Ventures Oman), Dheeraj Jain (Redcliffe London), the Family Office of Jaipurias (represented by Ruchirans Jaipuria and Anuraag Jaipuria), and existing investor Amit Singhal.
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