Artiman Ventures to open fifth formal investment fund

By Marc Castro

Nov 08, 2013 11:48 AM EST

According to a report on VentureWire, Artiman Ventures said it would open a fifth formal investment fund in 2014. This comes after it was undertaking a second exit from a portfolio company through an IPO share sale.

The firm would tap a majority of the limited partners it had been working with since it started doing business. Accordng to Artiman Ventures Partner Yatin Mundkur, "We have no social technologies, no clean tech. We don't invest in mobile apps. We avoid the herd-like mentality and make 'transdisciplinary investments'. We have done well."

The success of the firm is a validation of the firm's unusual investment strategy. Artiman seeks to provide the first institutional capital for companies, providing seed investments of USD100,000 up to USD4 million through Series A financing deals. 

The firm does limit the amount of capital provided to a company to USD10 million above ownership. Amongst the investments made by the firm are in CardioDX, the cardiovascular genomic diagnostics business, zSpace, the interactive computing business and Yantra, the money transfer platform. 

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