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Saudi VC firm Waad Investment onboards Omani LP for $200-mn fund
VCCircle · 6m ago
Medial
Saudi Arabia's Waad Investment, a venture capital firm, has secured a commitment from the Oman Investment Authority's technology arm for its $200 million fund. The fund targets growth-stage startups within the Gulf Cooperation Council (GCC) region. Supported by a consortium of Gulf investors and family offices, Waad Investment aims to foster innovative startups. This collaboration highlights regional efforts to bolster the entrepreneurship ecosystem and advance technology-driven investments in the GCC.
Wealth management firm Client Associates marks first close of maiden VC fund
VCCircle · 1y ago
Medial
Wealth management firm Client Associates has reached the first close of its debut venture capital fund, Client Associates Alternate Fund (CAAF). Client Associates is aiming to raise INR 500 crore ($67.8m) for the fund, with a potential additional INR 200 crore available. CAAF will primarily target investments in pre-Series A, Series A, and pre-Series B and Series B start-ups in consumer and consumer-related sectors and financial services. The fund aims to have a portfolio of 12-15 companies, investing between INR 10 crore and INR 50 crore per company. The final close of the fund is expected by March 2025.
Cornerstone Ventures launches Fund II at $200 Mn
Entrackr · 1y ago
Medial
Venture capital firm Cornerstone Ventures has announced the launch of its second fund with a target size of $200 million including a green-shoe option of $50 million. The fund ticket sizes range from $5 million to $15 million in a mix of early- to growth-stage startups. As per Cornerstone, it plans to invest in 15-20 startups with the latest fund. The Mumbai-based firm plans to invest across software platforms and marketplaces operating in sectors such as financial services and insurance, retail, consumer goods and ecommerce, distribution and supply chain, and healthcare products and services. Its portfolio companies of the first fund includes Credilo, THB, Blubirch, and Dhiway. The fund claims to have facilitated $1-2 million additional annual recurring revenue for each of its portfolio companies and been an active participant in their respective growth journeys. The firm first launched Cornerstone Ventures Fund-I in 2019 with a size of about $50 million. The fund was deployed across 21 portfolio companies, primarily focused on B2B enterprise software-as-a-service business models.
Micro VC firm Warmup Ventures floats second fund with $35 mn target
VCCircle · 7m ago
Medial
Jaipur-based micro venture capital firm, Warmup Ventures, has launched its second investment vehicle, Warmup Fund II, with a target corpus of $35.3 million. The fund will primarily invest in seed and pre-seed stage companies, with a focus on deep-tech, climate, and sustainability sectors. Warmup Ventures aims to invest in 25 to 30 early-stage startups across various sectors, providing follow-on rounds as well. The firm has already invested in more than 15 startups since its launch in 2023, including Bobabhai, Nitro Commerce, Minimizes, RocketPay, and Balwaan Krishi.
Blume, Chiratae LP Alphatron Capital raises $30 mn for debut fund
VCCircle · 1y ago
Medial
Alphatron Capital, an American investment firm, has successfully closed its debut fund after raising $30 million in commitments from limited partners. The fund, which surpassed its initial target of $25 million, focuses on making limited partner-style bets on venture capital firms in India. Alphatron primarily operates as a fund-of-funds, investing in approximately 10-15 VC firms in India and making direct co-investments in portfolio companies. The firm aims to provide smaller-ticket access to Indian VC firms for its limited partners, with a focus on sectors such as enterprise SaaS, fintech, healthtech, AI/ML, digital content, and direct-to-consumer (D2C) businesses.
Micro VC Aora changes tack, investment mandate in new fund
VCCircle · 1y ago
Medial
Venture capital firm Aora Ventures is shifting its investment strategy with its new fund. The firm, known for its backing of startups across various regions, including South Asia, South East Asia, Europe, and the US, has fully deployed its initial $15 million fund established in 2020. The focus of the new fund will be to target a specific corpus, narrowing its investment scope.
Asha Ventures sets timeline for final close of $100 mn debut fund
VCCircle · 8m ago
Medial
Asha Ventures, an impact-focused fund, has announced a timeline for the final close of its debut fund, which aims to raise around $100 million. The firm is currently in the process of raising capital for Asha Ventures Fund-1 and has set its sights on reaching its target by a specified date.
Centre Court Capital marks first close of maiden VC fund
VCCircle · 1y ago
Medial
Sports technology and gaming-focused venture capital firm Centre Court Capital has achieved the first close of its debut investment fund. The category-II alternative investment fund, which is seeking to amass INR3.5bn ($46.8m), has raised INR2bn from investors including the family office of Sajjan Jindal, US investment firm PremjiInvest, the Small Industries Development Bank of India and GMR Sports. The fund will invest in sports and gaming tech start-ups in India, aiming for 15 investments in the next three years.
Quadria Group launches HealthQuad Fund III with $300 Mn corpus
Entrackr · 1m ago
Medial
Quadria Group, a healthcare-focused private equity platform, has announced the launch of HealthQuad Fund III with a proposed raise of up to $300 million (target corpus of $200 million and a $100 million greenshoe option). As the successor to Funds I and II, the third fund aims to build on a proven track record of identifying and scaling pioneering healthcare ventures that have significantly expanded access, affordability, and quality of care across India. The launch aligns with Quadria’s long-term vision of creating India’s most integrated healthcare investment platform, offering capital solutions from early-stage innovation to scaled growth across the healthcare value chain. Launched in 2016, HealthQuad was initiated as a distinct investment vehicle focused on supporting disruptive, tech-enabled healthcare models at the early-growth stage. Funds I and II backed over 18 companies, including Qure.ai, Medikabazaar, THB, Wysa, Ekincare, Redcliffe Labs, GoApptiv, and Strand Life Sciences. With Fund III, Quadria takes a step toward establishing a broader healthcare investment franchise. Dr. Amit Varma, Abrar Mir, and Sunil Thakur will assume full ownership and control of the platform following its separation from KOIS. A significant portion of the existing investment and committee team will remain involved in managing current portfolio investments. Quadria intends to leverage its global and domestic institutional investor network to support the fund and create scaled impact. The firm recently closed Quadria Capital Fund III at $1.07 billion, backed by leading global institutions. Founded in 2012, Quadria Capital manages over $4 billion in assets across 27 investments in South and Southeast Asia, including India, Vietnam, Indonesia, Malaysia, and Singapore. The firm aims to generate sustainable value by partnering with high-impact healthcare businesses and delivering strong investor returns.
9Unicorns launches Fund II with target of $200 Mn, rebrands itself to 100Unicorns
Entrackr · 1y ago
Medial
Early-stage accelerator fund 9Unicorns has announced the launch of its second fund following a rebranding exercise. As a result of this rebranding, 9Unicorns will now be known as 100Unicorns. 100Unicorns, a part of multistage investing firm Venture Catalysts Group, has launched its second accelerator fund called 100Unicorns Fund II with a target size of $200 million including a green-shoe option of $100 million. In its first fund, 100Unicorns Fund I (formerly 9Unicorns) had invested in several startups including Videoverse, Trunativ, ZyppElectric, Renee Cosmetics, and IGP. It provides funding ranging from $300,000 to $1 million per startup in the first round, along with product, business and fundraising support. This is followed by $500,000 to $2 million in subsequent rounds with co-investors. 100Unicorns said that it has played a crucial role in the startup ecosystem with initiatives such as DDay and ProStar serving as catalysts for over 80 startups that have collectively secured around $400 million in funding. With the new fund, the fund aims to nurture a pool of 200 outlier startups and propel them to join the billion-dollar club over the next decade.
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