VC Firm Inventus Launches $120 Mn Fund IV, Rebrands To Athera Venture Partners
- ByStartupStory | May 26, 2022
Inventus rebranded itself as Athera Ventures partners, an early stage venture capital has launched its fourth fund with a target of corpus $120Mn (900 crore).
The existing investors, financial institutions, family offices, overseas funds seem interested after the new fund launch seeing the growth and strong performance of previous. The new fund is set to focus on a range of things like SaaS,FinTech, Web 3.0,Consumer internet and many more. As its investment philosophy states, to be a companion to visionary Founders on their path to prosperity and success,It aims at continuing doing investments in new and growing technology sectors.
Founded on Nov 30, 2007 by John Dougery, Kanwal Rekhi, Manu Rekhi, Samir kumar invests in Series A rounds in technology focussed companies, they invest in B2B and B2C sectors along with this they have also raised two funds in 2008 and 2013.It has also backed companies like Redbus and Policybazaar.
It’s latest corpus is worth double the last fund of ₹364 crore whose final close was announced in October, 2019. Through the last fund it invested in more than 13 startups including Pixxel,Playshifu,Euler Motors.The VC firm is looking forward to investing in early stage consumer internet and SaaS (software as a service) startups.
“With our new fund raise, we wish to literally triple down on the start-up ecosystem in India that is on a bullish growth trajectory. At Athera, we are committed to identifying and supporting visionary tech entrepreneurs,” said the General Partner, Ruthvik Doshi.
The launch of the firm is at a time where dealmaking has stepped down and the macro headwinds are hurting valuations and investments of tech companies, the fourth fund, which will be Athera’s second exclusive India focused fund,is awaiting the approval from SEBI( Security and exchange Board of India) and a final close still six months away.The fund is expected to have a mix of domestics and international LP’s, with partners from its portfolio companies like Redbus, Yash Dahiya’s Policy bazaar who will also be investing as a part of fundraise.
Follow Startup Story
Related Posts
