First Close

Blume Ventures has received commitments of another $20 Mn from both new and existing investors

The firm is looking to complete the entire fundraise over the next few months

For Fund III, Blume will be changing its ticket size from $250K to $500K-$1 Mn

Unitary Helion is nearing a first close for its $100 Mn fund

The VC firm has already got commitments worth $40-45 Mn

Menlo Ventures has been one of the early backers of companies like Uber

• The pre-Series-A and Series-A focussed $100 mn fund has secured around 50% commitments from marquee institutional investors
• The investors in the fund are corporates, banks, insurers, and fund of funds - including SIDBI through its Fund of Funds for Startups (FFS) program, ICICI Lombard, Philips, Bajaj Electricals Ltd., RBL Bank, among others.
• Bharat Innovation Fund invests at the seed or Series A stage which includes grants and venture capital.

Inventus Has Targeted $47.31 Mn For Its Third Fund

The Mid Market PE Firm Had Originally Set A Target Corpus Of $250 Mn