At Rs 1,000 Cr, Alteria Capital closes its third venture debt fund

• ByStartupStory     |    October 17, 2022

The venture debt company Alteria Capital has announced that its third fund’s first closure has reached Rs 1,000 crore. With this, the company joins the ranks of others that were able to raise additional funding in 2022, including Blacksoil, Stride Ventures, and Anicut.

With Fund III, Alteria claims that it plans to close 120–150 agreements with average check sizes of Rs 20–Rs 22 crore in industries like healthcare, consumer products, electric mobility, agritech, and reg-tech.

The amount of Fund III is anticipated to be Rs 2,000 crore, and it would be closed over the following two to three quarters. A year exactly after it announced the final close of its second fund at Rs 1,820 crore, it announced the first close of Fund III.

The new fund will support businesses in their early and growth stages that have raised money to offer a variety of specialised lending options and check sizes up to Rs 150 crore. The business also mentioned that it has a different programme to provide working capital solutions.

Mensa Brands and Dunzo are only two of the companies that the Venture finance provider has supported. Rebel Foods, BharatPe, Lendingkart, ZestMoney, Portea, Toppr, Spinny, Stanza, Vogo, Melorra, Mfine, Generico, Loadshare, LBB, Beato, Maverix, and Country Delight are just a few of the companies in its portfolio.

More than 90 VC, PE, and debt funds had announced the debut of their new funds as of July, according to a report.Since then, Blacksoil, StartupXseed, Merak Ventures, Cactus Ventures, Elev8 Venture Partners, Kettleborough VC, Fundamentum, Stride Ventures, Merak Ventures, Kettleborough VC, and Fireside have all also announced the launch of new funds.

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