Inventus Capital Partners, an early-stage VC firm, has recently raised its second fund of USD 106 Mn. The firm plans to invest the raised funds to support digital services entrepreneurs, particularly consumer & business software and technology-enabled services.
The first fund was raised by the company in 2007 and invested about $52 million in 18 companies.
As a part of this new fund, approx. 25 companies will get their share. Initially, the startups which received funding from the raised fund will include Unbxd, Espresso Logic, PolicyBazaar and eDreams.
“Our investment philosophy is highly focused on the entrepreneur, and aligning resources to help them disrupt or create big markets,” said John Dougery, Founder & Managing Director at Inventus Capital Partners. “As an entrepreneur myself, my partners and I formed Inventus to continue our two decades of success partnering with Silicon Valley entrepreneurs and helping them access India’s natural advantages adding value to digital services businesses.”
Inventus is managed by a team of entrepreneurs and industry-operating veterans in both Silicon Valley and Bangalore who have successfully financed and mentored over 120 companies.
The team found interest in investing mainly in digital services startups, particularly in software-as-a-service, consumer internet and media, mobile technology and technology enabled services.
It prefers to lead a company’s first institutional round and can invest up to $10 million as a company grows. Recent successful Inventus companies include redBus (acquired by Naspers in 2013), ViVu (acquired by Polycom in 2011) and Sierra Atlantic (acquired by Hitachi Consulting in 2010).
Other companies in the Inventus portfolio includes Poshmark, Dhingana, Vizury, Spotzot, CBazaar and more.
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