Cactus Venture Completes Final Closing of Fund I at Rs 630 Crore
- ByStartupStory | February 8, 2024
Cactus Venture Partners (CVP), an India-focused early growth stage venture investment firm specializing in backing purpose-driven entrepreneurs, has announced the successful final close of its first fund. The fund has secured a total corpus of more than Rs 630 crore.
CVP has received capital commitments with 60% originating from domestic sources and the remaining 40% from international Limited Partners (LPs), primarily from the USA, Singapore, EU, and the UK. In India, the fund received commitments from SIDBI, Self-Reliant India Fund (SRI Fund), and the UP Startup Fund. Significant commitments were also received from international and domestic Family Offices and Ultra High Net Worth Individuals (UHNIs).
With a broad sector focus, Cactus Venture Partners has a primary interest in climate tech, health tech, and B2B SaaS businesses.
Cactus Venture Partners stated that it will focus on Series A and early Series B fundraising stages, targeting companies that have established product-market fit (PMF). While the primary investment focus is on Indian startups, CVP also encourages and supports portfolio companies to expand internationally. Currently, CVP has 5 companies in its portfolio and aims to make an additional 8-10 investments over the next 1-2 years.
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