Sameer Brij Verma’s Northpoint Capital Secures $155 Mn For Maiden Fund

SUMMARY

Northpoint Capital received commitments from global endowment funds, foundations, fund-of-funds and institutional investors

Launched as a Solo GP (General Partner) investment firm, Northpoint Capital was set up in October last year

The Bengaluru-based firm primarily focuses on early-stage investments and it looks to back 15-20 startups with a cheque size in the range of $1-8 Mn

Former Nexus Venture Partners’ managing director Sameer Brij Verma’s new VC fund Northpoint Capital Management has secured about $155 Mn (around INR 1,336 Cr) in commitments from global and domestic limited partners, sources told Inc42.

The fund was set up in October last year, and it claims to back visionary entrepreneurs building category-defining companies in India and globally. Verma quit Nexus in September 2024 amid a slew of changes and exits at prominent VC funds in India.

Verma declined to respond to Inc42’s queries on the development, but earlier in the day, ET reported that Northpoint will be raising its maiden fund from global endowment funds, foundations, fund of funds and institutional investors.

Of the commitments received, 90% has come from international ventures and the remaining from domestic family offices and individual investors. The firm is awaiting regulatory approvals to begin the formal process of onboarding limited partners.

While Northpoint is a solo general partner (GP) fund, Verma brings decades of experience to the table having invested in around 80 startups during his tenure at Nexus.

Bengaluru-based Northpoint will primarily invest at the early stage and would look to back 15-20 startups through this fund, with a cheque size in the range of $1 Mn to $8 Mn. Sources added that AI, financial services, logistics, healthcare, manufacturing, and consumer products would be the focus areas for the fund.

This comes at a time when a number of former VC executives and other top executives have launched new funds in recent times. In May this year, former 100X.VC partners Shashank Randev and Yagnesh Sanghrajka together launched VC firm 247VC and unveiled its first fund with a target corpus of INR 250 Cr ($30 Mn).

In the same month, the VC firm run by Manish Maheshwari, former head of X India, BAT VC, announced its India foray with the launch of a $100 Mn fund to back early stage ventures in the country.

Meanwhile, the overall funding in the Indian startup ecosystem has also been growing at a steady pace. In H1 2025, Indian startups raised $5.7 Bn as against 5.3 Bn raised in the year-ago period.

As per a recent investor survey conducted by Inc42, nearly 57% of the 80+ respondents are actively scouting for early stage AI investments.