Cornerstone Ventures Marks First Close Of Its Second Fund At $40 Mn

Cornerstone Ventures Marks First Close Of Its Second Fund At $40 Mn

SUMMARY

The fund saw participation from HNIs, family offices, corporates, and other institutions

Cornerstone launched the fund in April last year with a target corpus of $200 Mn to invest in in B2B technology marketplaces and software platforms across sectors

The VC firm also announced the appointment of veteran investor and entrepreneur Suresh Pareek as its general partner

SaaS-focussed VC firm Cornerstone Ventures has announced the first close of its second fund, which has a target corpus of $200 Mn, at about $40 Mn (INR 345 Cr) to back innovative B2B technology startups.

In a statement, Cornerstone said that the fund has seen significant participation from domestic investors, including high-net-worth individuals (HNIs), family offices, corporates, and other institutions.

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