Rocketship.vc raises $125 mn in first close of its third fund
- ByStartupStory | July 13, 2022
The Silicon Valley-based investment firm Rocketship.vc has raised $125 Mn up in the principal close of its third asset. The firm is currently moving towards effective financial planning of the raised assets across new companies.
Rocketship.vc will keep on putting resources into Indian new businesses. The firm has contributed around 33% of its complete allotment in Indian new businesses. It began by putting resources into seed and beginning phase new companies, prior to continuing on toward later stages by putting resources into Series A and B financing adjusts.
Rocketship.vc’s last asset came in 2019-20, when it raised $100 Mn for its subsequent asset, while its most memorable asset came in 2015 and was covered at $40 Mn. It has around 20 Indian new companies in its portfolio, including any semblance of Khatabook, Moglix, NoBroker and Jar, among others. The vc firm likewise plans to utilize the leftover capital from the second asset to send something similar for follow-on interests in its current organizations. It put resources into around 20 new businesses from the subsequent assets.
While Harinarayan said that the third asset is probably going to have a greater corpus than the primary close, he didn’t reveal the specific sum.
Just yesterday, Lightspeed, another US-based investment firm, shut a devoted asset for India and SEA worth $500 Mn. The Lightspeed India IV adds to the nearly $1.5 Bn speculation made by the VC firm in India up to this point. Probably the biggest assets that have been sent off in 2022 so far incorporate Sequoia’s India and SEA store worth $2.85 Bn, General Atlantic’s $2 Bn obligation to Indian new companies, Elevation Capital’s $670 Mn reserve and Accel’s $670 Mn Accel India VII, among others.
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