Inventus Capital closes $106M second fund to invest in US-India startups
Early-stage investment company Inventus Capital Parnters announced that it has raised $106 million for its second investment fund. Inventus is currently based in California and Bangalore, according to TechCrunch.
The Menlo Park, California-based company said it has already begun investing from the newly-closed fund. The firm recently invested an undisclosed sum in data infrastructure firm Espresso Logic, the report stated.
Based on a funding release made by co-founder and managing director John Dougery, Inventus was founded in 2007 to help Silicon Valley entrepreneurs tap into tech businesses in India. The said release also emphasized Inventus' focus on digital services startups, the report explained.
The investment firm says it aims to lead the first institutional funding of a startup. Inventus can invest a maximum of $10 million in a company. It supported 18 startps with its first fund. The firm plans to invest in 20 to 25 companies with the recently closed fund, the report said.
The new fund was disclosed through a regulatory filing, TechCrunch reported.