UK-based technology venture firm Amadeus Capital is establishing a presence in Bengaluru with the appointment of Bhavanipratap Rana, a venture capital and private equity investor, who will lead the operations in India. Rana was until recently Investment Director at Intel, where he spent 14 years and scored several IPOs and M&A deals including PGP, Clearwire, Speakeasy, Click&buy, Nipuna, and Deccanet Designs.
Amadeus Capital Partners, established in 1997, has made over 90 investments in early stage and growth technology businesses. Currently, it has presence in the UK, USA, Sweden, India and South Africa. Co-founded by Hermann Hauser, the firm had raised $75 million as a First Closing for its global fund, the Amadeus IV Digital Prosperity Fund, which invests in venture and growth companies.
In 2014, the Fund led a Series B round of financing of $8.9 million in Brazilian online price comparison and insurance brokerage business, Bidu, and Amadeus will shortly be announcing the Fund’s first investment in a business with operations in India.
Amadeus CEO, Anne Glover, said: “Our Indian presence will enhance the reach of the Digital Prosperity Fund team, working with existing investments and sourcing new opportunities; it will also offer increased networking opportunities for our early stage and growth investments.”