#FundLaunch: IDG Ventures Raises $150M Fund, GREE Ventures Closes $37M for Indian Startups and More

#Fundlaunch is your quick dose of notable startup fund launches

IDG Ventures Raises $150M Fund to Invest in Native Startups

Bangalore: IDG Ventures, Bangalore-based VC fund, has secured $150 million to invest in Indian startups. The venture capital firm expects to raise the entire money for its $200 Mn third fund called IDG Ventures India Fund III by the end of this year.

Media reports quoted that said that with the larger corpus amount, IDG Ventures India plans to write bigger cheques for the startups at mature stage (Series-B investments and beyond), who aim to fuel growth. The report also added that around one-fourth of the fund is expected to be allocated to later-stage investments. Read More

Tokyo-based GREE Ventures Closes $37M To Invest in Indian StartupsFUnd

New Delhi: Tokyo-based VC firm, GREE Ventures, has announced the close of its AT-II Investment Limited Partnership Fund. The fund has a total capital of $37 million from Japanese companies and financial institutions. It is expected to have its second closing with $60 Mn funds at the end of December this year. The fund will It will invest between $300,000 to $2 million in early and seed stage startups working in internet sector as a lead investor. Read More

UC Capital Secures $171M fund to Invest in European Startups

New Delhi: A joint venture of Netherlands-based Urdaneta Capital and India’s Capvent, UC Capital, has announced closing $171 million. Through this fund, the VC firm plans to invest 10-12 in small and medium enterprises in Europe in the next four years. UC Capital is focussed on acquiring controlling stakes in businesses facing ‘special situations’, either under performance, stress, distress or right-out insolvency. It also plans to co-invest in minority positions in attractive European companies where it sees exceptional growth opportunities in countries like India. Read More

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Lenovo Launches $500M Startup Fund to Fuel AI, Robotics and More

Hardware technology company Lenovo has launched a $500 million startup fund to invest in cloud computing, big data, AI (artificial intelligence), internet services and robotics.

Its current investments include over 40 startups including iDreamSky, Face++, StyleWe, Shopex, ZAKER, Diting Technology, SMARTX, etc. “With our long-industry history and experience of driving and developing core innovations, we’re well-prepared to shape the future of game-changing technologies through funding and nurturing start-ups and bringing incubator projects to market.” says He Zhiqiang, Chief Technology Officer, Lenovo. Read More

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